Tuesday, December 1, 2015

Egomaniac Business: Is Yours One Of Them?

Have An "Egomaniac" Business?
Over the last few days, I have had the opportunity to read a handful of interesting posts referring to "egomaniac business", ie, businesses run by people with really deep ego problems, and reflecting over the damage that having a boss like this could mean for any business’ own development, even for its very survival during difficult times.

And reading those posts caught my attention because clear memories from experiences I’ve myself lived in my professional life on very recent years came to my mind.

Situations like those in which my colleagues simply lowered their heads and remained silent while coping with continuing violations from our boss who considered himself as the eighth wonder of the world, and who didn’t take any seriously timely paying his employees’ payrolls, and used to do it whenever he felt like.

Or the owner of a company I was collaborating with for whom his own ego made it impossible to objectively analyze its market, along with preventing him from recognizing that his product was simply another one in the crowd, and that his own company was just one more within an universe of much more prepared competitors, strongly recognized within their own niches, and with finely-put-together positioning proposals.

A company run by an egomaniac owner loses the ability to understand what the market, both internal and external, has to say.

It’s really a pity to see how your ego as a business owner can come between your company and its market, shooting down any opportunities for it to grow and develop as it could.

It’s very sad to see how your company could be moving forward, if you heard complaints your employees mean through their silences, and didn’t take their heads-down as a sign of approval or, even worse, a sign of submission which makes you feel more powerful and invincible.

It’s unfortunate to see how your company could be going further ahead, if you realized your employees, suppliers and customers, are the most important assets you can ever have, and didn’t consider your business as a place to vent your deep personal shortcomings.

Which should be your first shock treatment against ego? A large dose of humility.

Keep always in mind there are millions of businesses around the world. Millions. In your country, there are thousands of businesses as well. In your sector or industry, is exactly the same. Similarly, products like yours, there are plenty.

What I mean by this is that the worst thing you can do to yourself is to think that everything revolves around you and your product, because it isn’t true. The only one you’re cheating is yourself and nobody else. The thing happening here is that your ego doesn’t allow you to see the real thing.

To stop being an egomaniac boss, you should start by recognizing that the world does not revolve around you.

And if we go a little further, it’s not true either that the only customer your suppliers may have is you, nor is true that the only place where your employees can work, is your company. Just go figure.

Unfortunately, your egotistical personality simply isolates you from your environment, keeping you from seeing reality lying in front of you and doesn’t give you the opportunity to develop a real team, one talented and productive, simply because you’ll never be able to hire someone better than yourself because you either think someone like that doesn’t exist, or because you’ll consider such a person as a competitor who wants to push you to the side and take away your business.

Your business can grow only when you're ready to let your ego go, quit being so controlling, delegate tasks and trust the people around you will be able to do the job that is required.

I know this initial shot of humility is a very difficult act if you're an egomaniac boss, but it’s absolutely necessary if you want to get your ego out of the way.

Don’t ever surround yourself with flattering people who always agree with you: they won’t help your business grow.

A phrase that kept on circling around in my head after the reading was the following: "The egomaniac boss surrounds himself by an entourage of acolytes who always agree with him".

And I felt shocked. Not only because it must be a truly lonely life to be on the shoes of the boss who is never confronted by anybody and believes he is at the top of the game, but also by the reference made to a team of professionals who have this attitude toward their boss, whatever the reason for that is, and get to be identified as a "entourage of acolytes". Truly sad.

How can you realize that you need to make a change, if the people around you tells you that everything is perfectly fine? How will you know you are an unbearable boss, if nobody tells you how annoying you are?

Always surround yourself with professional, capable people who are willing to confront you when necessary.

Remember, there is no sense in hiring smart people just to tell them at all times what they have to do. You should hire smart, talented people so they can tell you what to do, and then you must definitely be willing to listen carefully.

Never allow people working with you to become an "entourage of acolytes who always agree with you" because from that point on, your business is doomed to fail.

If you take a good dose of humility and leave aside the evil side of your ego, that so much damage can inflict to you and your business, you can then begin to build real, mutually beneficial relationships with the three most important assets your company can ever have: your employees, suppliers and, most importantly, your customers.

And it is at this time when your ego will be removed from your path, and you’ll be able to actually walk towards many positive things.

Post I recommend you to read on this blog:
The Oranges Bag Management Model.

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