What a leader should not do: Become complacent

"The spirit of being industrious needs to be carried forward. After having learnt all about how to start and run a business, one should never become complacent." - Radhakrishnan Pillai
By

Continuing from where we left off.

Now, in this second-last series on what a leader should not do, we find that there are two more factors as highlighted by Chanakya:

“Reasons for dissatisfaction of subjects: By not requiting what is done,

By not carrying out what is settled.” (7.5.19-26)

In other words, a businessman also has to think about his subordinates who become unhappy when not paid for what they have done and, secondly when their leader becomes complacent.

 Not paying for what is done

The economic cycle of a business is dependent on cash flow from one person to another. The client pays to the service or goods provider; they in turn pay their employees and suppliers. The suppliers will have to pay their suppliers. Even if one link in the chain breaks, there would be disharmony. Therefore, a leader needs to pay his dues to everyone on time. After completing the work, always pay the people.

Not being complacent

An entrepreneur who started a business and went through a lot of struggle initially, finally made his business financially successful. He then went to his mentor and asked, “Sir now my business is doing well. What should I do?” The mentor adviced, “Go and start another business.”

This is where the real fun starts. The spirit of being industrious needs to be carried forward. After having learnt all about how to start and run a business, one should never become complacent.

In fact, use your know-how to start other businesses and projects. Until this point, you required a mentor. Now you go and become a mentor to other struggling businessmen.

Continuing what you have started

Starting another business does not mean that you can stop your first business. From being a person who worked on the specific details of the first business, you can now move on to a supervisory level. You still need to drive the sales of the first business, but with a holistic approach. Your time will be spent between the first and the new business you have started. Manage both with equal commitment.

I was working very closely on a consultancy project with one of India’s biggest conglomerates. As we were discussing strategies the director told me, “For us, it is not about just running a business. We are in the business of running businesses!”

That is how great businessmen think!

SUBSCRIBE TO OUR NEWSLETTER

Name

Email

INTERESTED IN
Happiness
Wellbeing
Conversations
Travel Diaries
Guest Contributors
Spiritual Leaders
Thought Leaders
Books
Short Stories
Love
Relationships
Family
Motivation
Life Lessons