The Chamber of SW Florida had a one day retreat. There were many topics discussed and I would like to talk about one of them.
The idea of leadership came up. Specifically the need for people to be trained, to be coached in developing their leadership skills. I’m not talking about the owner or the CEO of a company. I’m talking about mid-level managers, foremen and supervisors. When a manager has really great leadership skills, that translates to value at a company.
Conversely, when a manager has poor leadership skills, the company will be damaged.
Our retreat day was divided into two groups – those that work at larger companies and those that work at more entrepreneurial companies. Every one of the larger company board members has spent countless hours in leadership training. Sometimes at great cost to the company. Just the opposite was true with the entrepreneurial companies, there was no leadership training offered up to the staff. My belief is the larger companies have both the budget and the insights to send staff to leadership training. The entrepreneurs don’t have those same insights.
It’s easy for the business owner to say I don’t have time or I can’t afford leadership training. I would like to challenge that thought process. Let’s compare a good manager (leader) to a poor manager (leader)
These are just examples of the differences between good bosses and bad bosses. The list can be much longer. The result to a company that has good managers is increased profits. Increased through less recruitment costs, less training costs and increased productivity.
My recommendation to my entrepreneurial companies is spend money in teaching your good manager to be better leaders. It will make your company much stronger, much more profitable.