Welcome to Break the blueprint — A new blog series that delves into the unique business challenges and opportunities of black business owners and entrepreneurs. Learn how they develop or expand their business, explore startups within the company, or create side businesses, and how their stories motivate and inform your own success.
Leadership consists of a combination of skills that business leaders use to lead the entire company.
Whether you are the vice president of marketing or informally seen as the leader of the team, as a leader, knowing how to help others achieve common goals is crucial.
Here, we asked black business leaders from all walks of life what they know about leading black-owned companies. Read on to understand what they have to say.
1. Know your numbers
“Know your numbers,” said Kimberly Bryant (@6Gems), founder and CEO Black girl code, Its mission revolves around a very large number: by 2040, one million young women of color between the ages of 7-17 “become innovators in the STEM field.”
Knowing your numbers is the key to measuring business growth and ensuring investment.
Bryant recommends “[understand] Your reach, customer conversion metrics, income and spending before and after. “
It is also strongly recommended to hire professionals, but this does not deny that business leaders “understand the complexity of corporate finance. This will help you lead and push your organization forward in storms and victories.”
2. Strengthen EQ
In the growing pains of any company, it becomes more and more important for leaders to manage their emotions.
“Emotional intelligence will determine your leadership journey with your team and customers,” said Sherrell Dorsey (@sherrell_dorsey), who is TP insight, A newsletter about black founders and innovations, has evolved into an investigation and report on black technology trends, stories, and breaking news.
In addition to the daily challenges of establishing a business, black business owners also suffer from harsh and even humiliating experiences caused by racism and sexism.
When work becomes frustrating and tempers become grumpy, Dorsey warns: “Learning to master your own art to cope with challenging times and leading when we feel the weight of the world is a lifelong journey, but Exercising EQ muscles will shape us when we invest frequently and relentlessly, we will have a trajectory forward.”
Harvard Business Review Support this, EQ accounts for “nearly 90% of distinguishing high performers from peers with similar technical skills and knowledge.”
3. Practice self-care
One way to build emotional intelligence is through self-care-as the saying goes, “Always put on your own oxygen mask first.”
As a long-term serial entrepreneur and industry leader, Wayne Sutton (@WayneSutton), founder Icon item — A company that addresses the mental health and professional development needs of blacks and browns in the technology industry — says: “You need to practice self-care in order to be emotionally prepared to lead others,” Sutton said.
When you try to show up for yourself, it’s hard to show up for others. Many times, this leads to stress, exhaustion and burnout. Make time for yourself to become a great leader.
4. Persevere…use your calendar
Andre Blackman (@mindofandre), is the founder and CEO Onboard health, A professional headhunting and talent consulting company, is committed to creating a fair and healthy future. Buckman encourages “to be ruthless with your calendar in creating a buffer/space for thinking.”
Time is a precious resource that we can never keep or replenish.That’s why it’s important to know where your time is going and Make time for yourself. In order to make the right decision, leaders need room for reflection and deep thinking. This is difficult to complete on a complete schedule.
“Although it is sometimes necessary to deal with fires, write emails, and provide customers or customer results, it is essential to have time to deal with and look forward to the future,” Blackman urged.
5. Ask big, bold, and broad questions
Tony Robbins once said: “The quality of your problems determines the quality of your life and career.” This sentence is correct for Felecia Hatcher (@FeleciaHatcher), he is Black Innovation Center, A research think tank established fair ways to get rid of the black community in the desert of innovation.
Hatcher is no stranger to asking and accepting big and bold questions. This is why she encourages black business leaders to develop the same habit of doing the same to their team as themselves.
“We must ask big, bold, and broad questions to ourselves and those around us.” From these questions we can draw “insights.” [that] Will help inform you of the best next course of action. “
You may be the leader, but you don’t have all the answers. By asking “big, bold, broad questions”, you can find the possibility of working with your team.
Leadership starts with taking care of yourself, your team, and the entire enterprise. The leadership lessons shared by these black-owned business leaders are just the tip of the iceberg and a good starting point for others to apply now. Practicing these skills now can improve your leadership in the long run.