3 Key Challenges and Opportunities for New Leaders | Entrepreneur
Briefly

Before you can successfully scale your company, you must focus on developing your team, especially when budget constraints prevent you from hiring experts to lead every department. You need to invite your current talent to rise and step into leadership roles that demand more than they might initially believe they can offer. This transition presents challenges and opportunities for new leaders and those who guide them.
Team members who are transitioning to a leadership role need to have adequate preparation and training for the benefit of the rest of the team members, and a Gallup study shared that when leaders and managers are trusted and inspirational, employees find meaning in their work, feel like part of your culture and perform better.
As a general director or CEO, your responsibility extends beyond managing day-to-day operations. You must invest in your team's development, equipping them with the tools and mindset needed to take on leadership roles. Here are three key areas where your focus is essential.
Developing new leaders takes time and effort, and it requires a significant time commitment from you as a leader. This involves regular check-ins, mentoring sessions and ongoing support as your team members navigate their new roles. Time spent now will pay dividends as your team grows more capable and confident.
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