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Leadership in Small Business - How to Interact with Subordinates
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As a leader in a small business operation, your employees rely heavily on you for guidance and they also have a large stake in the success of your business. Nearly every employee-related performance depends on effective leadership. Ineffective leadership can disrupt the employer-employee relationship, making it harder to achieve business goals. Therefore, it is vital to have good leadership skills.
There are many different types of leadership styles. Managers have various ways to lead, and choose the one which suits them most. Here are some common leadership tips which suit most of the cases.
Provide hopefulness to subordinates
Employees who are offered opportunities to learn new skills and develop their capabilities typically have better job performance because they realise realistic possibilities for job challenges and even promotion. Even if an employee’s job is of a routine and repetitive nature. A good leader can encourage the employee to improve the way in which they complete the work.
Value subordinates
Leaders should recognise their subordinates’ skills and talents, and use these strengths to build high-performing individuals and teams. An article about The Saratoga Institute's study, The Seven Hidden Reasons Employees Leave indicates that three out of seven reasons employees resign is related to the quality of leadership and the level of trust they have in their leaders. Leaders who value and appreciate their employees can experience higher retention rates and develop a fully engaged workforce that exceeds the company’s performance expectations.
Selflessness
A charismatic leader is not selfish with their time or their talent. They realise giving is what attracts and influences others. Leaders support their team by providing the type of guidance, direction and management that can result in their subordinates’ higher performance levels. Subordinates who emulate their leader’s behaviour build strong, cohesive teams.
Lead by example
If you expect people to work hard for you, set the example by working hard yourself. Do not ask your subordinates to do things which you would not or could not do yourself. Setting a good example is more effective than just instruction.
Know your business
Power comes from many sources, one of them is expertise. The original leader is the one who knows how-to-do. Understand every aspect of your business and become the expert in your industry. You will gain respect of your employees. It is especially important in small business, because sometimes both you and your employees are doing similar jobs.
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Saurav Wadhwa is a Principal Accountant at IBBZ Accounting Limited
M Bus (TAX) PG Cert (LAW) CA CPA
Membership and Qualification:
- Masters in Professional Business Studies (Taxation) with Distinction from Auckland University of Technology
- Post Graduate Certificate in LAW, Law School at Auckland University of Technology
- Chartered Accountant(CA), New Zealand Institute of Chartered Accountants (NZICA)
- Certified Practicing Accountant(CPA), CPA Australia
- Bachelor of Commerce, Grad. Cert. in Business from Auckland University of Technology
Saurav has many years of practical experience in tax & accounting services and is the co-founder of IBBZ Accounting Limited. He is qualified both in law and accounting. Saurav has worked in various tax & accounting specialist roles for large corporates in New Zealand. He loves to work with Small Businesses.
His key focus is on:
- Tax advisory for small and family operated businesses on a wide range of taxation issues.
- Legitimate tax saving structures.
- Advising on range of new business issues.
- Ensuring business growth is attained.
- Effective cash flow planning.
Saurav specialises in Tax Disputes resolution, Tax Relief applications, Tax Debt resolution/management, and representation in Tax Audit. Saurav can represent you in Taxation Review Authority, in Tax Dispute Court Cases or he can represent you during Tax Audit Investigations.
Blend of skills in Tax laws and accounting, makes him perfect advisor for small businesses and individuals like you. Saurav understands how to safeguard your business from creditors risk, maximise the business growth and pay low taxes. He can be your good strategic and business partner. He is of a friendly nature and easily approachable.
Saurav understands the numbers very well. He is a qualified Chartered Accountant and registered with highest professional accounting bodies of Australia and New Zealand. He can help you to plan for the future to satisfy all your financial needs.
Consumed by a hunger for knowledge, Saurav has never stopped furthering his education or expanding his pool of knowledge. Nothing gives Saurav more satisfaction than assisting his clients to achieve their financial goals. His diligence, passion and accuracy has earned him a reputation as a reliable professional who strives to serve his clients above and beyond the call of his duties.
Saurav was nominated for the Best Accountant of the year and the Young Entrepreneur of the year, and his company IBBZ Accounting won the award of Best Small Business 2014. In 2015 Saurav won the award of Best Accountant of the Year.
In 2017 Saurav was appointed as a committee member to New Zealand Public Practice Board of CPA Australia.
Saurav is a dedicated family man. Saurav is very fond of outdoor activities and enjoys pretty much all outdoor activities: running, bike, motorbike, snorkel, fishing, skiing etc. Saurav, is also a self-confessed workaholic, spends some of his free time thinking about his client’s affairs and forecasting their financial future.
He can be contacted on saurav@ibbz.co.nz or 09 272 8050
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