Build with Leila Hormozi 5 Mistakes New Leaders Will Make & How To Avoid Them
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Aug 23, 2024 New leaders often stumble by overhiring and failing to provide adequate feedback. Hands-on leadership is crucial; staying visible and connected fosters accountability and growth. Authenticity should be maintained, even when transitioning from individual contributor to leader. The pressure to conform can lead to communication breakdowns, so clear and transparent dialogue is essential. Effective communication strategies help prevent misunderstandings and ensure that everyone's contributions are recognized in a rapidly growing organization.
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Overhiring
- Avoid overhiring by addressing short-term pain with short-term solutions.
- Ask yourself: Is a person, process, or project needed?
Three Ps of Resource Allocation
- Determine if the work requires a person, a temporary project, or a process improvement.
- Use contractors or short-term hires for temporary projects to avoid overstaffing.
Buddy vs. Boss
- Transition from "buddy" to "boss" by normalizing feedback.
- Implement "Feedback Friday" to give regular feedback and create a comfortable environment.