Great entrepreneurs may make bad managers, because being a leader calls for very different skill sets. Similarly, being an entrepreneur and boss, like Steve Jobs or Mark Zuckerberg, may earn you the title “Boss from Hell”; as those essential traits that make an entrepreneur could well be those very traits that are prevalent in a bad boss.
Occupational stress brings about higher health-related costs and turnover costs. Over and above, there are other “costs” that cannot be quantified, for example, overall morale, time and efforts that could have been put into better use. Recognizing how crucial your staff in propelling the ship forward; take a step back to deliberate if you find these traits of bad boss in you.
Do you demand Perfection?
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Nothing in the world pleases the demanding perfectionist, be it the work of others or even themselves. On top of the never-ending corrections to make, it creates friction and loads of frustrations. It also causes delays, which leads to higher costs to the business. Sometimes, being good enough, is enough. If Steve Jobs could tame his obsession to details, there is a good chance, you can too!
Do you have Workaholic tendencies?
Most entrepreneurs grapple with this as they tend to their startup “baby” 24/7, losing work-life balance. However, employees are hired help with no (or lesser) equity in the business. They do not hold the same emotional attachment as the entrepreneur, no matter how passionate or talented they may be. One of the main reasons why people leave their jobs is because of overworking. With Office 365, you are empowered with effective and real time collaboration so you can get your work done on the dot. A research from Stanford shows that productivity per hour declines sharply when the workweek exceeds 50 hours. In your fierce pursuit of success, are you overworking your team?
Do you feel the constant need to be in Control?
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As the leader of the tribe, there is a need to know-all, however when that borders into micro-management and paranoia, you start to drive employees away. Without ample trust in people, bad bosses breathe down employees’ neck, fail to develop and challenge them intellectually and may start to let the ego, rather than knowledge, drive decisions. The best leaders are those who stand firm in their beliefs, engages their staff, are open to others’ ideas and are willing to make necessary compromises.
Every entrepreneur can relate to these traits and will attest to the importance of them in their journey. For example, without that same demanding perfection, Apple products will not be as sleek as what we experience today; without casting work-life balance aside, you probably would not have completed the thousand things on your mind and without being a control freak, you would not be have that compulsive need to get things in order or solve problems. Whilst these traits make you up as an entrepreneur, they do not define your employees. So if you have answered “yes” to the questions, don’t make the biggest mistake any entrepreneur can make, take time to reflect and strive for balance. Perhaps you should ask, would you like to work for you?
Have anymore tips for fellow entrepreneurs to avoid being ‘The Boss from Hell’? Share with us in the comments below.