The Difference Between Leadership and Management

As bosses, we can’t demand or wish for accountability. We have to create it by being great leaders and managers. What is the difference between leading and managing? Why do we need to do both? How can we be a great boss to our team? In this episode, I talk about how leading and managing effectively leads to business growth.

 

3 Things We Learned From This Episode

• Leadership is working on the business, while management is working in the business. You want to be in a space where you’re doing both, and that’s where growth happens.
• When you manage without leading, your business has no clear direction. When you lead without managing, you are casting a vision without anything happening to achieve it.
• There are four ingredients to being a great boss: simplicity, authenticity, genuine care for your team, and the desire to be great.

Starting and owning a business can be difficult, and we as business owners need to be able to lead as well as manage our team. When we successfully do both, accountability will be a natural result and we set our business up for growth. If we only lead or only manage we leave gaps in our business in terms of direction and action, and this is not a sustainable way to run a business.