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    Our range of services are tailored to suit each business type

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    Our accountants are very experienced in helping new businesses grow and also using their accounting expertise to help established organisations. We also have a history of working with contractors and freelancers, helping them through the year with business accounting and advice. Review some of our case studies here

    No matter the size of your business; an individual sole trader or a limited company with employees, we have an accounting service just for you.

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How to Deal With Weaknesses as a Business Leader

How to deal with weaknesses - IMAGE

No one wants to think about their weaknesses but we all have them whether we like to admit it or not. You may be in charge of a business but you are allowed to have weaknesses. You are human after all. So rather than striving for perfection and not admitting where your talents fall short, you could accept them and work towards making them better.

 

How to deal with weaknesses

Knowing your weaknesses gets you one step closer to dealing with them. If you know you’ve got a gap in your knowledge or experience you can then go out and do something about it before it affects your business.

Don’t take everything on

Lots of business leaders are guilty of this one. Taking on too many jobs and responsibilities is not a good idea. It means that you’re spreading yourself too thin, trying to balance too many things at once. This stress makes you more likely to make mistakes or lose concentration.

Delegate

If there’s something you know isn’t your strongest point, then let someone else handle it instead. As a business owner, one of the keys to your success is in hiring the right people and delegating responsibilities accordingly. Let your employees do the job they were hired for and take some of the pressure off you.

Outsource

If you’ve got something you’re struggling with for any reason and don’t have anyone you can delegate to already on the payroll then you next step is to either hire someone new or outsource. You could use an agency or hire a freelancer to help out with something you struggle with or simply don’t have the time to spend on.

Learn

If there are gaps in your knowledge that you know shouldn’t really be there, then you can do something about it. You could learn skills through an online course or night school which will help you become a better business leader.

Encourage open dialogue

You want to create an environment where your employees feel they can talk openly about how work affects them. If they don’t feel comfortable discussing things this creates a less productive atmosphere and can lead to mistakes.

Having an open environment avoids the situation where someone isn’t sure about what they’re doing but won’t admit it out of fear of embarrassment. They then end up doing making mistakes and causing an unnecessary set back that could’ve been resolved with a simple conversation at the beginning.

When choosing people to do certain tasks, listen and take note of what your employees are saying. Often they will have a better idea of who’s best suited to what if they’re the ones working on it. By listening you can make better decisions and delegate responsibility appropriately.

 

Are you open about your weaknesses? What are you doing to deal with them? Please share your thoughts

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