10 Mistakes Leaders Make

10 Mistakes Leaders Make

Each and every one of us has the potential to be a leader. Some of you may be the leader of a company, all the way at the top as CEO, some of you may be managers leading team members, and some of you may be leading other groups of individuals like sports teams. The important thing to note here is that we all have potential to lead. The potential stems from one thing we all have in common: influence.

 

Our power of influence gives us the ability to lead. You may even be considered a leader to those who you may not know, meaning your influence impacts them. Influence can be positive or negative, depending on how you wield it. It’s important to exhibit a powerful positive influence for everyone who follows you, so that you may spread positivity. Outlined in The I in Team Series, there are some mistakes leaders can make that would exhibit a negative influence.

 

1)     Not holding themselves or others accountable

 

If you don’t hold yourself or others on your team accountable, you’re setting everyone up for failure. By not holding yourself accountable for negative actions, even if they are accidental, you aren’t giving yourself room to learn and grow from those actions. You let yourself and your team down when you allow issues that you create to persist. Same goes for when you don’t hold your team accountable.

 

2)     Refusing to evolve and learn

 

If you refuse to evolve yourself to be a better you, you’re not only hurting yourself. You’re hurting your team, too. If you aren’t your best self, how can you give your best influence? You and your team deserve for all of you to do your best. If you refuse to learn more than you already know right now, you aren’t expanding yourself. You’re limiting your ability to be a better and more well-rounded person. This impacts whether or not your team can evolve and learn from you.

 

3)     Micromanaging

 

If you’re a micromanager, it’s for one of two reasons. 1) You don’t trust your team or 2) you don’t have capable people on your team. If you don’t trust your team to do their work properly, that’s an issue. You need to trust your team to complete their tasks. That’s why they are there, that’s why they were hired. They deserve the space to complete their tasks as they wish. As long as the end product is what is expected, and they use the proper amount of resources to complete that task, then don’t micromanage them.

 

If you don’t have capable people on your team and that’s why you feel you need to be a micromanager, you need to work with your team to develop in them the skills they need to complete their tasks on their own. If you’re constantly micromanaging others, how are you getting your own work done in an appropriate amount a time? Micromanaging is a complete waste of resources for any company.

 

4)     Improper communication and listening skills

 

If you have poor communication skills, you likely have poor listening skills. Listening is an often-forgotten part of communication. In order to understand someone, you must listen to them, ask questions for clarification, and provide feedback on where your understanding of that topic is. Poor communication on any team can cause small and large structural problems, depending on where the issue of communication is.

 

5)     Being intellectually lazy

 

This goes hand-in-hand with a refusal to learn anything new, but it’s more than that. By being intellectually lazy, you are denying yourself any capacity to grow. It also means that you aren’t applying yourself in the best way possible. Meaning, that you are only giving your tasks and team a percentage of your skills. To be a good leader, you must go above and beyond for yourself and your team. If you are intellectually lazy, you have a refusal to learn as well as a refusal to apply what you already know.

 

6)     Not mentoring future leaders

 

Many current leaders have a stigma against mentoring future leaders. Whether that stigma stem from fear of replacement or another reason, we need to mentor our future leaders. The fact is, that we aren’t going to be here forever. We need to take our opportunities where someone wants to learn from us and utilize that to share our influence.

 

7)     Making assumptions

 

Making assumptions isn’t the best for anyone, especially when you are the leader. Assumptions can make you put your foot in your mouth and regret words and actions that may have been influenced by your assumptions. As a leader, don’t assume anything. Gather evidence and facts to help guide you in the right direction. Also, have an open communication policy. If you are in the position where you might make an assumption, just ask for clarification from the person or thing you are about to make the assumption about.

 

8)     Going too fast

 

If you’re going too fast, then you are most likely setting yourself up to make mistakes. You also set yourself up to not be the best leader you can be. If you’re too busy for yourself and your work, you are probably too busy for your team. As a leader, your team is going to need you. If you’re too busy for them, you aren’t being a good leader. Not to mention if you make a bunch of mistakes on your tasks, it’s going to take either you or your team longer to complete those tasks. Slow down to be present for your team.

 

9)     Multi-tasking

 

We are pro mono-tasking here at IA Business Advisors. If you feel the need to multi-task, it’s because you haven’t planned out your time well enough. You should only be focusing on one task at a time in order to give that task your full and utmost attention. This is important to do as a leader because your team looks up to you. They will follow what you do and it’s important that both you and your team focus on your tasks.

 

10) Lacking in personal goals

 

Just because you are the leader of your team, doesn’t mean that you can’t have personal goals. In fact, you should still focus on yourself and your life by having personal goals. If you work on yourself outside of work, you will better center yourself for when you are at work.

 

Conclusion

 

Being a great leader means being your best self. There are mistakes that we all make, but if you’re striving to be influential for your team, then you should avoid these ten common mistakes that leaders make. Remember to move forward past mistakes and failures; there is always room to grow and always time for new opportunities. If you’re looking to learn more about yourself and how to be an influential leader, check out our first book Individual Advantages: Find the “I” in Team


A drawing of a map with the words how to create a personal development plan that works
April 30, 2025
A personal development plan is a tool to build your influence. However, neglecting your plan erodes your positive influence over time. We’re here to help.
A drawing of an owl sitting on a branch with a target
March 22, 2025
Boost employee performance with SMART praise strategies. Discover effective consulting tips for your team’s success!
A waterfall with the words from change to improvement the smart way to meaningful growth
March 6, 2025
Discover how to navigate change with purpose by reframing it as improvement. Learn how the S.M.A.R.T. framework fosters resilience, intentionality, and measurable growth for individuals and organizations.
Cultivating a Growth Mindset: Embracing Challenges and Learning Opportunities | Elgin, IL
March 4, 2025
Hello, team! Mary here, continuing our journey through the I in Team series, where we empower you to find , be , and build your influence. Cultivating a growth mindset is imperative for self-actualizing. It’s a theory created by Stanford psychologist Carol Dweck , and it’s the belief that we are intelligent with abilities that will help us face and overcome challenges. People with a growth mindset tend to love learning and are resilient. If you don’t already, you can have a growth mindset , too. Here are some of our top tips for embracing challenges. Embrace Effort If you want to grow, you need to understand that effort is the only way to mastery. Your hard work and talent will be rewarded if you remain resilient in the face of challenges and treat them as learning opportunities. When you experience failure , reframe it. Instead of viewing it as something negative, have gratitude toward it for teaching you something new. There is always something to learn from failure, thus allowing you to continue to grow. When you do have a win, pause to celebrate your progress. Acknowledging your small wins and improvements helps reinforce the belief that growth is possible through continual effort. Embrace Challenges To grow, you need to be challenged. As stated, you need to fail. Without challenges, you don’t give yourself the opportunity to win or fail, so you deny yourself the ability to learn. Actively seek out challenges that push you outside your comfort zone. The more you embrace challenges, the more accustomed your brain becomes to seeing them as opportunities for growth instead of threats. Over the long-term, this will help you develop mental toughness. When setbacks happen, bounce back and remind yourself that it’s just a temporary obstacle. Resilience will help you continue on your developmental path. Seek Feedback Many people shy away from actively seeking feedback, however, feedback is extremely valuable. It helps you gain insights on how to improve and grow. Having a mentor or someone in the field who has experience will be excellent sources for reliable feedback. If you’re nervous, consider first cultivating a sense of curiosity. By exploring new ideas, techniques, and approaches, you prime your mind for actively seeking new information. Doing so will help you discover creative solutions to challenges you will inevitably face. Surround Yourself with Positive Influence Our entire platform revolves around positive influence, so, as a brand, we are constantly encouraging you to adopt a growth mindset. But it’s not just us! Anyone who pushes you to do your best and who believes in your developmental potential is someone who is a positive influence in your life. These positive, supportive environments foster a growth mindset. Be sure to challenge your negative self-talk (if you have any). Positive self-talk is being a positive influence on yourself. Use phrases like, “I can do this,” and “This is an opportunity to improve.” Don’t miss out on our positive influence: The Ripple Effect (TEDx Talk by Brian Smith) Daily Influence Podcast Individual Influence: Find the “I” in Team Positive Influence: Be the “I” in Team Responsible Influence: Build the “I” in Team Bottom Line Developing a growth mindset is the only way to progress as an individual. If you have no practice with this, start slowly by embracing your effort and developing positive self-talk. Look for people in your life who encourage you and ask for feedback from trusted mentors. Don’t shy away from facing challenges, but don’t give up when you experience failure. Look at every moment as an opportunity to learn and be sure to pause to celebrate your victories. You can do this!
The S.M.A.R.T. Way to Navigate 2025 Tax Changes | Elgin, IL
February 4, 2025
Tax season is here , and businesses are facing one of the most significant shifts in tax policy in recent years. With over 60 tax provisions changing in 2025—including corporate tax rate adjustments, the expiration of key deductions, and increased IRS reporting requirements—navigating compliance while optimizing financial strategy is more complex than ever. Failing to stay ahead of these changes can lead to unnecessary tax liabilities, missed deductions, and potential penalties. That’s why businesses are turning to IA Business Advisors , whose S.M.A.R.T. (Strategic, Measurable, Attainable, Realistic, Timely) Management™ approach ensures your business remains compliant while maximizing financial opportunities during tax season. Why the S.M.A.R.T. Approach is Essential for Tax Planning IA Business Advisors employs the S.M.A.R.T. Management™ approach to help clients navigate complex challenges, such as the 2025 tax changes. This methodology emphasizes: Specificity – Tailoring tax strategies to fit your business’s unique needs. Measurability – Ensuring financial data and tax obligations are precisely tracked. Attainability – Implementing realistic financial strategies that align with your goals. Relevance – Adapting tax solutions to current regulations and economic conditions. Timeliness – Addressing tax compliance and planning proactively, avoiding last-minute stress. By applying S.M.A.R.T. principles , IA Business Advisors assists businesses in developing tailored strategies that ensure compliance and optimize financial outcomes during tax season . The 2025 Tax Landscape: What Business Owners Need to Know Before diving into why outsourcing bookkeeping is the S.M.A.R.T. way to handle tax season, let's examine some of the most impactful tax changes in 2025: 1. Corporate Tax Rate Uncertainty The Tax Cuts and Jobs Act (TCJA) of 2017 reduced the corporate tax rate from 35% to 21%, providing major relief for businesses. However, this provision is set to expire at the end of 2025, potentially raising tax rates again unless Congress intervenes. Strategic tax planning is essential to mitigate financial impacts. 2. Small Businesses Face Higher Tax Burdens Many small businesses operate as pass-through entities (LLCs, S-Corps, sole proprietorships), where income is taxed at individual rates. The 20% Qualified Business Income (QBI) deduction , which significantly lowers tax liability for these entities, is also set to expire after 2025. This could mean a sharp increase in tax bills for business owners. 3. Reduced Deductions & Credits Several beneficial tax provisions are phasing out or changing, including: Bonus Depreciation : The 100% bonus depreciation for capital investments will drop to 50% in 2025, reducing immediate tax relief for equipment and property purchases. Research & Development (R&D) Deduction : R&D expenses must continue to be amortized over five years instead of being deducted immediately, impacting cash flow for businesses investing in innovation. State Tax Adjustments : Several states are decoupling from federal tax provisions, making compliance more complex for businesses operating in multiple states. 4. Increased IRS Scrutiny & Reporting Requirements The IRS has tightened financial reporting requirements, and businesses must provide more detailed records for income, deductions, and tax credits. Stronger enforcement measures mean that errors, discrepancies, or missing records could result in audits and financial penalties. With these changes, precision in bookkeeping and tax planning is more critical than ever . The best way to ensure compliance, minimize tax burdens, and optimize financial planning is to outsource bookkeeping to tax experts who stay ahead of evolving regulations. The Benefits of Outsourcing Bookkeeping for the 2025 Tax Season 1. Ensure Compliance & Avoid Costly Mistakes Tax law is intricate, and 2025 is bringing more complexity than ever before. Even small bookkeeping errors can lead to penalties, delays, or an IRS audit. By outsourcing to IA Business Advisors , you ensure that: Your financial records are meticulously maintained All tax law changes are applied correctly You meet reporting and compliance requirements 2. Maximize Deductions & Reduce Tax Liabilities Many businesses overpay in taxes because they fail to capture all eligible deductions and credits. With our expertise, we help you identify and maximize tax-saving opportunities, including: Energy-Efficient Building Deductions (Section 179D) for sustainability upgrades Work Opportunity Tax Credit (WOTC) for hiring employees from targeted groups Qualified Business Income (QBI) Deduction for pass-through entities Employee Retention Credit (ERC) for businesses keeping their workforce intact Disabled Access Credit for improving accessibility in your business 3. Stay Prepared for the IRS's Stricter Reporting Standards With the IRS ramping up compliance enforcement, financial record accuracy is more important than ever. We help you: Prepare for IRS reporting changes and audits Ensure accurate record-keeping to meet IRS standards Seamlessly transition to mandatory digital tax filing 4. Save Time & Resources – Focus on Growing Your Business Managing your bookkeeping in-house can be time-consuming, costly, and stressful. Outsourcing frees up valuable resources so you can: Focus on business growth instead of tax paperwork Reduce overhead costs associated with in-house accounting staff Ensure your financial data is always up to date and audit-ready 5. Implement Smart Tax Planning Strategies With potential corporate and individual tax rate increases, businesses need to plan strategically. IA Business Advisors can help you: Accelerate income recognition to benefit from lower tax rates now Defer deductions to offset higher taxes in the future Optimize depreciation deductions to maximize tax relief Future-Proof Your Business with IA Business Advisors The 2025 tax season isn’t just about compliance—it’s about strategy. Outsourcing bookkeeping is a proactive investment that ensures your business stays financially healthy and well-positioned for growth, even amid shifting tax regulations. With IA Business Advisors , you’re not just outsourcing bookkeeping—you’re gaining a trusted financial partner who will guide you through tax season with precision, efficiency, and expertise. Don’t Wait—Get Your Books in Order Now Tax season is in full swing, and the longer you wait, the harder it becomes to stay ahead of deadlines and maximize tax benefits. Let us handle the complexities of bookkeeping and tax planning so you can focus on what you do best—growing your business.  Contact IA Business Advisors today and take the stress out of bookkeeping and tax season!
February 1, 2025
Prioritizing your well-being in a busy world can seem elusive, but it doesn’t have to be. With good intentions, you can take the time you need for yourself.
Power of Goal Setting
By admin December 20, 2024
We always like to say that you don't need a new year to set new goals, but I think we can all agree how good it feels to have something feel new energetically.
A person is driving a car with a graph on the windshield.
December 9, 2024
Driving with Clarity: Why Your Small Business Needs a Cash Flow Model Running a small business is much like driving a car—you need clarity to stay on course. At IA Business Advisors, we believe clarity comes from making decisions grounded in S.M.A.R.T. principles: those that are Specific, Measurable, Attainable, Realistic, and Timely. Yet, too many small business owners rely solely on their income statements. While valuable, these statements function like the rearview mirror: they reflect where you’ve been, not where you’re headed. If your goal is to grow or address cash flow challenges, focusing only on past performance can leave you unprepared for what’s ahead. That’s where a Cash Flow Model—your windshield view—provides clarity and empowers you to lead your business with confidence.
A drawing of a man sitting at a desk with the words the importance of continuous learning
November 19, 2024
By grounding decisions in continuous learning, you support not only your growth but also strategic progress for your team and organization.
By Mary Smith October 29, 2024
Written by: Mary Smith
More Posts