Think back on one of the best managers you ever had or encountered. Why was this individual so effective and impactful for you? Chances are that this person had long-term goals and was not just a manager but a leader.
Not all managers are leaders and not all leaders are managers. Both have their own purpose in business and both are essential to your business’ growth. The mark of a true leader is knowing when to lead and when to manage.
In this episode, we delve into the difference between a leader and a manager, the importance of both, and practical ways to manage and lead your team effectively.
The best skill that any entrepreneur can develop is their leadership skills. Whether you think you are a good leader now or not, as you grow through life, being a leader is going to greatly impact the way you live life.
IN THIS EPISODE, YOU’LL FIND OUT…
- What is the difference between management and leadership? (3:55)
- Leadership is like painting a picture (4:36)
- Can a business exist if the founder does not want to be a manager? (5:03)
- A leader needs a manager (5:42)
- The combination of a leader and a manager (6:24)
- Some level of management is needed to get things done (6:49)
- 2-Way Responsibility: Communicating the vision and Asking the right questions (9:07)
- Managers are a part of leadership (10:53)
- What happens when something goes wrong? (11:19)
- The thought process of a good leader (12:10)
- The leader is not looking for the glory (16:32)
- Trained helplessness (17:14)
- A good leader coaches his/her team (17:35)
- The power of policy (24:04)
- Communication cadence (26:53)
- Scoreboard process (29:26)
- The importance of fixed time of meetings (32:20)
- Management structure: Maximum of 5 people under one person (36:54)
- Hierarchy is about leadership and flow of information and accountability (37:25)
- Organizational chart (41:22)
- Is there a certain point in your business to have specialists instead of generalists? (41:39)