Busting the Myths of Leadership

October 4, 2013 by Dave Ramsey's Entreleadership

The great statesman Benjamin Franklin once said, “When you are finished changing, you’re finished.” And even though it’s been 200-plus years since he uttered those famous words, they still hold true—especially in today’s business world.


Long-standing ideas about how to lead a team are no longer viable. Nowadays, workers won’t stick around for a bad boss, no matter how much they’re paid. They want to be motivated and inspired. So how can you ensure you’re an awesome leader—one others will follow? Start by avoiding these common, long-held leadership beliefs.

1. The Myth: They’re inspired by their paycheck. As the owner of your company, you have the power in your hands to change a life. After all, you’re the person signing the paychecks. So everyone should be happy—no, grateful—to do their job with no questions asked, right?

The Truth: Great leaders know power comes from persuasion, not position. Scaring someone to death about losing their job will not make them more productive or creative. Leaders who take the time to tell their team why they do what they do earn loyalty and team members who want to shine.

2. The Myth: No news is good news. Your team doesn’t need to know when something bad happens. If sales are down, they’re going to get all dramatic about it and leave. As a matter of fact, you’re not sure they can be trusted with any sensitive news, good or bad.

The Truth: Winning organizations have a culture of communication. Your team wants to know what’s happening and why. If not, distrust, anger and frustration set in. Sure, there is some information you can’t share. But when you have the right team on board, you can trust them with nearly everything. Make a habit of over-communicating, whether good news or bad. Your team will respect you more for it.

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Used with permission from daveramsey.com To learn more about business, team building and leadership, download Dave Ramsey’s EntreLeadership podcasts, which include lessons from Dave plus interviews with key business leaders from across the nation.

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