Why women make better leaders can be summed up in just one word – “Empathy”. (The ability to see it from another person’s point of view). Women seem to come by it naturally, while most men have to work at it. Dee Dee Myers – author of “Why Women Should Rule The World” believes that women are more successful at managing small businesses because women can make people accountable for their actions but, they are also there to support them. “Females have the trait, where maybe most males do not”. Mary Matalin, former counsellor to President George W. Bush and Vice President Cheney was quoted as saying – “Women around the world are rewriting history at a ferocious pace with or without mans permission”. It’s easy to argue that men haven’t been doing such a good job lately of managing things. That’s not a political statement – I’m just stating the facts. In the words of Bob Dylan – “The times they are a changing”.
It’s great to see that more and more women are taking up a seat at the boardroom table and leading Fortune 500 Companies. Women are outpacing men in starting their own small businesses. According to research conducted by The Centre for Women’s Business – 1 in 5 of all firms generating 1 million dollars or more in sales is owned by women. The Seventh Annual Business Report, commisioned by American Express, finds that the number of businesses owned by women has more than doubled in 20 years, as has their revenue. Women are starting an average of 849 new businesses per day, up 3% from 2016. There are 11.6 million women-owned businesses in the United States, employing nearly 9 million people and generating more than 1.7 trillion in revenue. Facts and figures published by Statistics Canada on Canadian Women Entrepreneurs tell a similar story. Of all the small and medium-sized enterprises in Canada – 47% are entirely or partly owned by women. The average net profit of female-owned businesses has increased from 52% of male-owned businesses to 89%. Based on these numbers I think it’s safe to say the glass ceiling has been shattered.
Putting gender aside, what does it really take to be a successful owner or manage a small business?
Successful small business owners and managers:
- Understand themselves and how their attitude affects others.
- Understand how their reaction to any given situation affects the outcome.
- Have a positive attitude about themselves – which causes others to have confidence in them.
- Understand that every situation is different, so they know they must behave and respond differently.
- Realize that they need their people more than their people need them. They would look pretty silly trying to run things by themselves. There’s strength in numbers.
- Know they don’t have to have all the answers, all of the time. If they surround themselves with capable people, someone on their team will.
- Must lead by example. That sounds easy to do but it means never compromising your principles and honouring what you hold to be true – honesty, integrity and always doing what is right.
I could go on and on – but I think you get the point. Women deserve far more credit then they have been given. It’s time that ALL men realize a women’s place is far more than being barefoot and pregnant. If you’re looking to develop 21st Century leadership skills, start with empathy. Learn to count to 10 or 20 if need be, before you react. See things from the other person’s point of view. Trust me – you’ll be glad you did and so will the people who work with you.
Copyright (c) 2017. Brian Smith – Power Link Dynamics. Are you looking for a professional speaker or seminar leader who can entertain and inform on a variety of soft-skills topics? Give Brian a call. He will customize a program that is right for you, your people and your organization. To find out more visit https://briansmithpld.com