2-4: Managing Versus Leading: Why You Need Both

Welcome to the Business of Business - Two Daughters & Their Dad Podcast!Jennifer, Staci and Jack have a discussion about the difference between managing and leading your business and why you need both.Leading involves trust and consistency as well as team work.Jen talks about how the conversation changes over time but, when you have buy-in to the vision, magic happens.Jack explains 4 categories of staff development: directing, coaching, supporting and delegating.  He also talks about the "law of the lid" from John Maxwell's book "The 21 Irrefutable Laws of Leadership".  This is the thought that your business won't go any higher that you so keep growing and raising the lid.Staci talks about the difficult decision a leader has to face when a longtime staff or volunteer no longer supports the vision.This episode includes a lot of nuggets :- You need to invest in your training and leadership development- Entrepreneurs have to move in and out of manager and leader roles- Leadership is essential in ALL businesses; its something you have to work on- Delegation is NOT dumping- Know the strengths of your team in order to better match their unique abilitiesRecommended  Reading:The 21 Irrefutable Laws of Leadership by John MaxwellCulture Fox: How to Cultivate a Lasting Culture by Lorean CairnsLeadership and the One Minute Manager by Ken Blanchard Be sure to like and follow our new Facebook page.But who are the Dempseys?Jennifer Faith Dempsey has been in the beauty industry for over 10 years. The last 3 1/2 years she has owned J.Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood.Dempsey, Weiss & AssociatesMeeting the insurance and financial needs of business owners & individuals in NJ & PA since 1989.J. Faith Hair StudioLocated in south NJ, J Faith Hair Studio is the place to go to become the best version of yourself.Flying High Agility & Dog TrainingHelping people & their pets since 2003. We come to you!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Email us at: [email protected] Please download our Best of Nuggets eBook here. Like and follow us on FacebookJennifer Faith Dempsey has been in the beauty industry for over 10 years. For the last 5m years, she has owned J. Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood. Check out Jen’s blog.Staci Joy Dempsey is an insurance agent, a mom, and a busy non-profit volunteer. She truly understands what it means to be an entrepreneur. Staci serves as the podcast's host.Jack Dempsey is the dad who heads up this busy family. He is a founding partner in Dempsey, Weiss & Associates, an Elmer, NJ-based insurance and investment firm that began more than 30 years ago.