For Subscribers

5 Leadership Mistakes That Can Break Your Company

Leaders need to be concerned with their current trajectory rather than their current results.

learn more about Nik Vassev

By Nik Vassev

Shutterstock

Opinions expressed by Entrepreneur contributors are their own.

When you start a business, you face increasing complexities and various challenges at different stages of your company's growth. Having founded, led and sold a start-up and now advising several founders and CEOs, I know a little bit about the mistakes that can completely derail your future. Regardless of how much money you have raised or how promising your product or service is, committing these blunders and not having the awareness to change can lead to the downfall of your company. Let's take a look at the five no-no's.

1. Overpromising and under delivering

A leader needs to shape the vision, plans, expectations and take responsibility for delivering. As an entrepreneur, it is important to set big goals for your employees, customers and investors, but it's important that these goals are realistic. Setting unrealistic expectations can create unnecessary stress for your team and destroy your reputation in the marketplace and in the eyes of your investors. Exceeding realistic expectations is much better than putting your foot in your mouth and destroying your reputation forever.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

'This Made Me Physically Recoil From My Phone': Lingerie Brand Apologizes For 'Creepy' Ad Referencing Ryan Reynolds and Bras

Online lingerie retailer Harper Wilde is under fire for a bizarre sponsored post it has since pulled from Instagram.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business News

Viral Sensation 'Popcorn Guy' Has Earned a Gig at the 2023 Oscars

Jason Grosboll first went viral on TikTok for his theatrical method of buttering popcorn in a Texas movie theater.