12.13.2013

What’s one leadership best practice no early-stage startup can afford to be without?

By Young Entrepreneurs Council on December 11th, 2013
Guest BloggerThe following answers are provided by the Young Entrepreneur Council, an invite-only organization comprised of the world’s most promising young entrepreneurs. The YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and e-mail lessons. 

What’s one leadership best practice no early-stage startup can afford to be without (e.g. transparency) and why?
1. Share the dream

I think this is the single most important leadership practice because it allows the company to attract talent they otherwise could not afford. There is an amazing amount of talented people out there who are stuck in a job they hate and are willing to take a pay cut to work for something they believe in. Therefore, share your passion and dreams of the future. This will carry folks a long way. — Peter
2. Give ownership
In an early-stage startup, you need the entire team working at their best to get your product launched and profitable. If you want someone to go above and beyond, it’s crucial you empower them with full ownership of their tasks. True leaders know they aren’t the only one in the room with great ideas — let your employees shine! — Laura Roeder, LKR Social Media
3. Be fearless
In a startup, leadership needs to be 100% fearless when entering the marketplace. There’s no time for self-doubt or second guessing. The leader needs to believe in the product even when getting customers is tough and costs are high. If leadership is confident in the product, then that excitement will funnel down the chain to the people selling it and even those who are buying it. — Dave 
4. Lead with love
When you lead your conversations, decisions and conflict resolutions with love, you create a team of people who do the same. When you lead by example, you teach them to use love in guiding their relationships with your customers and with your community. That creates a culture of kindness, support and personal and professional growth. Lead with love and loyalty, and your company will skyrocket. — Corey Blake, Round Table Companies
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