As business owners, we often find ourselves caught up in the day-to-day operations of our business. But as our businesses mature and time passes, the question of succession planning invariably crops up. The crux of this discussion often revolves around whether we should recruit leaders from within the business or look outside for the right talent to help lead the teams that contribute to the growth of the business.
While the idea of promoting leaders internally feels intuitively correct, we often find that this doesn’t always work out.
Why so many leaders fail
So, what’s the missing link? Why do businesses struggle with fostering home-grown leadership, and more importantly, how can we overcome this challenge?
It’s all about self-image. Our self-image, along with negative beliefs in our subconscious mind has the capacity to hold us back, slow progress and never step into the potential we know we can achieve.
As business owners, we understand the importance of mindset in achieving our own goals.
However, we overlook how the mindset of those within our team can impact the growth and success of our business.
How to help your leaders succeed
When we look at high-performing teams, a common theme emerges. These teams have leaders who believe in themselves, who aren’t hampered by limiting beliefs, and who have a clear vision for their growth and the growth of the business.
Successfully promoting leaders has, in the past, been focused on developing skills and capabilities. However, these count for nothing without changing beliefs and nurturing a growth mindset. If the individual has all the skills but never sees themself as someone who can successfully lead a team, they are destined to fail.
Great leaders = strong business growth
Why is this important? Because changing the beliefs and mindset of your team members can deliver tangible results. Your team is only as strong as those leading the team.
So, if you find yourself questioning whether your team is working as effectively as it could and how to guarantee the person you promote to lead the team has the best chance of success, think about their mindset.
By nurturing the future leaders in your business, you not only invest in their development but you set up your business for sustainable, continued growth.