What does the success of a business depend on?

For many of us, we are our business – whether we call ourselves the business owner, director or solopreneur, we are the person that makes the difference.

So how could you impact your business success if you recognized and developed your leadership potential? Your reluctance to increase your prices, the client who expects you to be available 24/7, the team member who is demotivated; these are all leadership issues.

Effective leadership is key to the success of any enterprise and if you’re not leading your business then who is? None of us operate in a vacuum and our success depends on others. You may have a small team or there are relationships with clients, contractors and suppliers where your leadership and influence can make or break the business.

Perhaps you feel none of this is relevant to you, but guess what? You are already leading! As the business owner in those relationships, how you behave, what you prioritize is being ‘watched’; the signals you give out are telling your team and other key business partners how to respond to you. So if you keep letting your supplier deliver late, you are leading them to believe it’s acceptable, when in fact it may be having serious consequences on your service. They are taking their cue from you – some of that may work but some may be leading to failure. So wouldn’t it be useful to look at your leadership and identify what does and doesn’t work, then you can decide what to do about it.

answer; is usually (less than) the socially optimal level of consumption;