Running a company is not always easy as each person is different and has their needs for recognition and motivation. However, to run a company well it is essential to avoid the role of colleague between boss and employees because the ideal at the level of emotional intelligence is that there is a distance. Srikanth Gaddam, a popular American entrepreneur, has quite a few tips and pieces of advice to share.
Srikant Gaddam is a reputable author and the CEO and founder of ERP Analysts Inc., a reputable IT company that offers services to some of the biggest names in the business, including PeopleSoft, WorkDay, and many others. They specialize in digital transformations, managed IT services, as well as analytical information.
Gaddam started ERP Analysts with just a couple of other members. Having started from virtually nothing, Gaddam was able to build the company into a multi-million dollar empire within just a couple of years. It was his dedication and devotion to building the enterprise which eventually resulted in it growing into one of the 5,000 fastest-growing companies, as ranked by Inc.
Gaddam firmly believes in inspiring young entrepreneurs and offering bits of advice. It’s one of the reasons why he wrote Destination Success: Discovering the Entrepreneurial Journey, a book that has helped hundreds of thousands come to grips with their own potential and achieve what they thought was impossible.
Gaddam has quite a few pieces of advice to share for people who are looking to enter the corporate world, as well as those who are looking to grow their own company. Here’s what he has to say about running a company and growing it over time.
Know where you are going
More than fifty percent of the success of the management of a company lies in having a clear focus and direction. When you are clear about the direction you want to take the business, then the decisions are mediated by this factor.
But in addition, there must be good internal communication in the company so that workers have adequate information. Orders have to be clear and direct.
An entrepreneur shows a professional side in the company. However, true entrepreneurs who know how to run a business well are those who also show their human side in their day-to-day work. They are close people who do not earn respect through fear but by example.
Have team vision
To reinforce the team spirit in the company, it is advisable to use the word we frequently and assume the successes in a shared way but also the failures. The mistake should not be condemned but assumed to be part of the game.
To run a company, the entrepreneur has to convey confidence and security to employees through positive speech. Entrepreneurs have to constantly train in the acquisition of new resources through courses on time management, assertive communication, social skills and coaching. In other words, the first step to running a company well is having the humility to recognize what is not known.