Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

July 24, 2018

Important Aspects of Leadership Which You Will Need To Define

By Achim Neumann

Given the recent boom in entrepreneurship, it is easy to see why so many men and women around the world have looked at this as a career choice. What many seem to miss the point of however, is that while entrepreneurs may be smart thinking pioneers, they are also great leaders and to succeed in this industry, your leadership will be what is called in to question over any other aspect of your business dealings. You must learn to define who you are as a leader in order for those under your direction to understand what you are looking for.

What Kind of Leader Are You?

From the outset you must define what kind of leader you want to be, and once you have decided, you need to hone your craft and stay consistent in your leadership style. This is not to say that you will be the same person day-in-day-out, we are all human after all, but you must have a style which suits you and which your staff understand. Will you be a draconian leader? Person of the people? Slightly wacky? Or perhaps you’ll look to be firm and fair, whatever you decide is up to you but pick early and work on making the style your own.

Playing to Your Strengths

A great leader’s ability to lead comes down to how well they play to their strengths, as well as understanding what their weaknesses are. In understanding and clearly defining your strengths and weaknesses, you can tweak how you manage based upon these. For example, when you understand where your weaknesses lie, you can use this to give confidence to those who are stronger in those areas, thus engaging your team and giving them greater responsibility. There is nothing wrong with weaknesses, unless you aren’t aware of them.

Expectations

If you do have the dream of being an entrepreneur, then one of the keys to your success will be your ability as a leader to not only share your vision with your team, but do so in such a way that they buy into your vision. Staff must know what to expect from their leader, and you must have lofty expectations from your team, being able to deliver the message with clarity, enthusiasm and passion will be curcial to achieving this relationship.

Troubleshooting

As a leader you will of course run into negativity and issues within the workplace, and you must define how you will go about dealing with such problems. Furthermore, you must also demonstrate consistency in the way that you deal with problems, in order to give your staff the level of expectation that they deserve. Being able to define this may not happen until the first problem presents itself, from there on out, you must deliver consistency and follow a certain pattern when troubleshooting in the workplace.

A great business mind and a creative thought process is one thing, but without leadership abilities you will struggle to make it as an entrepreneur, define who you are and go ahead and lead.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

Comments are closed.

Any questions? Please contact us at 732-872-6777
Call Now

Client Testimonials

“Working with Marc and his company was a pleasure. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. Marc handled most of the interaction and he has one of the greatest demeanors. Again, it was a pleasure working with him and his firm.”

Douglas DiCeglio

“I recently completed an acquisition using A Neumann & Associates. Tony Valentino was very helpful and accessible during the entire process. They do a thorough job vetting both parties and got us to the finish line.”

Srini Mudambi

“Claus out of Florida helped us with the sale of our business. We had never done anything like this and him and his team walked us through the process from start to finish. We had some challenges through the process and Claus continued to show up even in the difficult conversations.”

Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs

“A Neumann & Associates is the only business broker I would use or consult with. They have assisted with 3 business sales over the past 15 years with me. They are honest and sincere and have always performed better than my expectations. They are the only one i would use for the sales of my businesses.”

James Belanger, Business Owner

“I wanted to take a second to commend the exemplary customer service from both you [Karin Neumann] and Mr. Valentino. It’s both a rarity in the industry, and very much appreciated.”

Andrew G., Investor

“We worked with Neumann & Associates to investigate the purchase of a research company in 2010 and found Achim to be capable, forthright and realistic. His depth of experience enabled us to fully understand our options, offering creative options that might enable the acquisition. While we didn’t acquire that particular company at that time, we know exactly who to call whenever we’re looking to buy or sell a business.”

Daniel Coates, Buyer

“Purchasing a business through this firm was a pleasure. Gary was very professional and transparent throughout the entire process. I look forward to working with A Neumann & Associates in the future.”

William Klemens, Buyer

“I utilized A. Neumann & Associates to assist in an M&A process. They are VERY thorough in using their time-tested process to calculate the value of investment opportunities, a process which provided a very detailed explanation for the value of the potential opportunity. Additionally, they also went above and beyond to extend other services including connecting with others who specialize in your industry and can assist with necessary steps including legal and accounting. Highly recommended!”

Edward Lane , Business Owner

“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Achim, who explained the process in detail. He had his colleague Gary come to my office in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using when the time comes for me to sell my business for max value. They gave me great insight into the steps I need to take now to get the best deal in the future. I highly recommend this firm to anybody who wants to sell now or down the road. They not only know their stuff, their actually just real nice guys.”

Robert Kardane, Business Owner
view all testimonials

Contact A Neumann & Associates, LLC

If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please fill out our contact form, or call us at 732-872-6777. We will contact you directly and will never identify ourselves to your employees.

call us now
Contact Us for a Free, Confidential Consultation

Experienced M&A Advisors available

Full Name
Email Address
Phone Number
Message