In business, as in life, there are many things that are out of our control. However, one thing that we can always take measures to protect ourselves from is an incompetént leader.
There are three main dangers of having leader at the helm of your business: financial instability, decreased productivity, and a poisoned work environment.
An incompetént leader can wreak havoc on a company’s finances by making poor decisions with company money or implementing ill-conceived projects that lose money.
He/She can also lead to a decrease in productivity as employees try to navigate the dysfunction or simply give up and leave. This can be especially damaging if your business is reliant on specifically skilled workers.
Lastly, an incompetent leader can poison the work environment, leading to low morale and high staff turnover.