Know When You're Getting Stale

Posted by: Rod Kurtz on June 13, 2006

If you’ve been running your business for 10 years or more, it’s probably time for fresh leadership. Consider bumping yourself up to chairman and getting a new CEO.

Recognize that fatigue and boredom are signs you’ve been at the helm too long.

Answer honestly: Are you resistant to new ideas and risks? If so, you may be impeding your company’s progress.

Ask yourself if you are still growing and learning. If not, that’s another sign of personal stagnation as a leader.

If you think you’re becoming too set in your views, surround yourself with people who challenge your thinking.

Ken Yancey
CEO
SCORE
Washington, D.C.

Post a comment

 

About

Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.

To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.

BW Mall - Sponsored Links

Buy a link now!