[Alt text: A picture of a group of business professionals sitting in a board room, learning leadership skills like William Smith Royal Cup Coffee teaches.]
For companies to thrive, there needs to be leadership experience at the top. That’s what can separate certain companies when it comes to staying in business or struggling to make ends meet.
Other factors can also change the success rate of a business, but why does leadership matter so much? Navigating the multiple challenges of building a business and meeting goals can sometimes feel overwhelming.
Leadership skills mattered greatly to William Smith Royal Cup Coffee’s endeavors. The former CEO of Royal Cup Coffee now uses that knowledge and experience with his consulting firm.
The Benefits of Experience
What are the main ways leadership experience can help a business? Whether it’s with William Smith Royal Cup Coffee or Double Iron Consulting, he knows that experience makes a huge difference. Many entrepreneurs and small business owners would benefit from a mentor like Wiliam Smith to show them how successful leadership can cultivate a thriving environment.
Decision Making
Critical decisions must be made when running any business. When starting a business, there will be good times and bad times, and a good leader won’t hesitate to take chances. Everything will not go perfectly all the time, but the best leaders will stick with their decisions and see them through.
William Smith, also known as Bill Smith, knows that learning from his mistakes to become a better and better decision-maker molds the attributes of a great leader. In the long run, it limits the number of true mistakes made.
Proper Motivation
[Alt text: A picture of a coffee mug that says ‘Go get’em’ with a notepad and a pen; motivating employees is a great leadership skill taught by William Smith.]
Great leaders can motivate themselves but must also take care of team members. Every team member needs to be productive for a small business to succeed. That means having a clear purpose when working, receiving proper compensation, and genuinely wanting to perform their best.
It takes a lot of time, effort, and money to replace employees, so doing whatever is possible to retain talent can keep a small business flowing.
What motivates employees in today’s world might not have worked years ago. Since Bill Smith recently transitioned from the CEO of Royal Cup Coffee to Double Iron Consulting, he is still very much aware of what works in the workplace today. Motivation can differ depending on the industry, but a few main themes work for most.
Leading by Example
As cliché as it might sound, leading by example makes a big difference. It sets the stage for any new employees looking for a pathway to success. While motivation and leading by example can be connected in some ways, this is more about visibly taking action as a leader.
Smaller businesses usually don’t have a problem with this, as the one in charge is still responsible for so much. It becomes a little more challenging as the business grows, and they aren’t seen as much doing work that everyone else is responsible for. That’s where other employees can take on leadership roles and lead by example.
Effective Management
A typical small business owner is not only a leader but also a manager. To succeed as a small business manager, a person needs to control environments while inspiring others to be at their best. The ultimate goal is to put the company in the best position to succeed net worth.
When done correctly, effective management maximizes production and has everyone meeting expectations. Leadership qualities can significantly impact management, making processes seamless with few bottlenecks.
How Williams Smith Uses Leadership Experience to Thrive in a New Role
Leadership was crucial for William Smith Royal Cup Coffe when he was the CEO. After having several titles within the company, he was appointed Chief Executive Officer for over six years, with his term ending in 2020 when he, the family, and the board made the decision to transition to non-family leadership.
With the family-owned business, he knew he needed to prove himself as a worthy CEO to team members early on. That meant keeping a solid work ethic and not being afraid to do some of the dirty work himself.
Since Royal Cup Coffee moved forward with non-family leadership in 2020, he still serves as an advisor and director on the company’s board. He’s transitioned into a new opportunity as the founder of Double Iron Consulting.
It still gives Bill Smith a chance to be a leader, albeit in a different capacity. Instead of leading a company, he is more focused on passing along leadership skills and business expertise to other small and family businesses. Consulting allows him to be an impactful part of a small business while helping them on their journey to success.
Known as William Smith Royal Cup Coffee for so much of his life, having a new opportunity to build up a small business is an excellent change of pace for Bill. Having confidence in his leadership skills has allowed him to grow quickly and work with ambitious people ready to make their businesses as successful as Royal Cup Coffee.
About Double Iron Consulting
Double Iron Consulting is a consulting firm founded by Bill Smith in 2021. Taking his experience from his own family business, Royal Cup Coffee, and other business endeavors, Bill helps small-to-medium-sized businesses, as well as family businesses, grow.
Double Iron Consulting’s expertise lies in helping these businesses with succession planning, leadership development, strategic growth, and internal alignment. With years of experience himself, Bill Smith is a great mentor to help others on the path to success.