10 Things Stakeholders Want Founders to Change
Rich Hagberg
Founder at Hagberg Consulting Group LLC, Consulting Psychologist, Leadership Coach, 7x Founder, Author/Researcher
Being a founder is tough, and if you’re reading this, you know it. You’ve got vision, drive, and creativity. These are your natural strengths and the reasons you started this journey. But where do you need to grow to avoid hitting the wall like most founders do in the long run? Your direct reports, investors, advisors, and key employees know the answer. ?
?Our data from 122 founders based on feedback from their teams reveals a hard truth: You need to change. Based on coworker and investor ratings of the importance of 46 different competencies, this blog examines their priorities and the gaps between what they want and what you are doing. These aren’t just skills that would be nice for you to have; these are the areas where your key stakeholders are feeling frustrated, where they see you dropping the ball. When you fail to improve in these critical areas, you’re not just holding yourself back—you’re hurting your company. The people you work with are counting on you to step up, and when you don’t, it’s creating friction, delays, and missed opportunities.
?1. Disciplined Decision-Making: Better Judgment and Overcoming Bias
Founders often thrive in fast-paced environments, but when decisions are made hastily, they risk being driven by bias rather than sound judgment. Whether it’s hiring the wrong person or choosing the wrong strategic direction, poor decisions can derail your company’s growth. Or, founders decide too quickly and impulsively and then must remake their original decision, leading to accusations of waffling. Direct reports get frustrated with reactive decisions and inconsistency, feeling confused about priorities.? Investors get anxious when they see indecisiveness or impulsive decisions wasting resources.? Effective decision-making requires discipline, not just instinct. Founders need to recognize their cognitive biases and tendency to be reactive and take deliberate steps to gather data, seek diverse input, and weigh all options before committing to critical decisions.
?How to develop it:
?2. Strategic Implementation: Vision Means Nothing Without Execution
You’ve got big ideas, but without a clear, strategic plan, those ideas remain daydreams. Too often, founders confuse activity with progress, mistaking endless pivots for growth. Your team needs to know where the company is going, and you need the discipline to execute. They get discouraged when they see you spinning your wheels with little tangible progress in turning your grand vision into a concrete plan.? Investors expect execution and get frustrated when you focus too much time on big-picture thinking without a clear path to implementation
?How to develop it:
?3. Focus and Prioritization: Don’t Drown in Distraction
Most founders try to do too much and end up spinning their wheels. The result? Burnout, team frustration, and a company that’s stuck in neutral. If you’re not laser-focused on the right things, your startup is doomed to drift. You can overwhelm your team with too many initiatives leading to burnout and lack of focus.? Investors lose confidence when you jump from idea to idea without delivering the results that matter the most.
?How to develop it:
?4. Finding and Attracting Talent: The Right People Make the Difference
You can’t scale without the right team, but many founders struggle to find, attract, and retain top talent. Hiring the wrong people—or worse, keeping the wrong people—can cripple your company’s ability to grow. Poor hiring decisions or a failure to let go of ineffective team members can create a dysfunctional environment and drag the team down.? If key roles remain unfilled or the wrong people are in critical positions, investors will lose faith in your ability to scale the business.
?How to develop it:
?5. Building Strong Teams: The Founder Doesn’t Scale, But Teams Do
In the early days, it’s easy to rely on a scrappy, all-hands-on-deck mentality. But as your company grows, that approach doesn’t work anymore. Teams need structure, defined roles, and accountability to scale. A lack of structure and clear roles leads to confusion and inefficiency, leaving employees feeling unsupported and unclear about expectations.? Investors worry that if you can’t build a cohesive team, the company will stagnate.
?How to develop it:
·?????? Encourage Diverse Perspectives: Make diversity of thought and background a key component of your team-building strategy. Diverse teams tend to be more innovative and can tackle challenges from multiple angles, leading to better problem-solving and creativity.
·?????? Create Clear Feedback Loops: Establish a culture of continuous feedback, where team members feel comfortable providing and receiving constructive criticism. Clear feedback ensures that performance issues are addressed early, and improvements are made continuously.
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6. Delegation and Empowerment: Let Go to Grow
Founders often struggle with delegation, feeling that nobody can do the job as well as they can. But this mentality only limits growth. To scale, you must empower your team to take ownership. Your employees will get frustrated with micromanagement and your failure to trust their abilities.? This can cause you to become a bottleneck in decision-making. Investors will see your refusal to delegate as a sign that the company is too dependent on your decisions, limiting its scalability.
?How to develop it:
?7. Accountability: Don’t Just Talk, Measure
Accountability is a dirty word for many founders, but it’s what separates the dreamers from the doers. Without accountability, projects stall, and growth falters. Your team needs to know that you’ll hold them to their commitments—and that you expect the same in return. A lack of accountability can result in complacency where people are not held to high standards.? Teams get frustrated if you don’t hold people responsible for missed deadlines or poor performance.? If investors feel that you are not addressing underperformance, they may begin to doubt that you can maintain operational discipline and deliver on promises.?
?How to develop it:
?8. Coaching: Help People Be Successful
Founders often avoid difficult conversations, whether it’s giving tough feedback or resolving team conflicts. But dodging these issues only creates more problems down the line. To build a thriving company, you need to get comfortable with being uncomfortable. Employees will feel unsupported when you avoid giving feedback.? Without clear guidance, team members are left to flounder, which negatively impacts morale and performance. Investors may see your avoidance of having tough conversations as a lack of the leadership skills needed to drive a high-performing team.
?How to develop it:
?9. Systems and Processes: Your Creativity Needs Structure
Startups thrive on flexibility, but scaling requires discipline. Without systems and processes in place, chaos will eventually ensue, and your growth will stagnate. A chaotic or inefficient work environment frustrates employees, as they constantly face obstacles that slow them down.? Investors worry when companies grow without proper systems in place, and see it as signaling the operational inefficiency that can stifle growth.
?How to develop it:
?10. Conflict Resolution: Avoiding Conflict Is a Leadership Failure
Founders often sidestep conflict, but unresolved tension drags down performance. Healthy teams have hard conversations, and great leaders create environments where those conversations happen constructively. Unresolved conflicts drag down performance and morale.? Employees get frustrated when they see you not addressing tensions and let festering issues damage team dynamics.? Investors worry that unresolved conflicts within the leadership team or with key employees could lead to bigger problems, such as leadership turnover or productivity losses
?How to develop it:
·?????? Address conflicts early and openly: Avoiding tough conversations allows small issues to grow into bigger problems. Founders often sidestep conflicts due to discomfort or time constraints, but this avoidance can harm team dynamics. Address issues with empathy and a focus on solutions, ensuring problems don’t escalate.
·?????? Regulate emotional reactions: Emotional outbursts can fuel conflict rather than resolve it. Founders often react with frustration or impatience, which only intensifies tensions. Practice emotional control during disagreements, giving yourself space to process and focus on finding solutions rather than letting emotions dictate actions.
?Final Thoughts: The Hard Work That Pays Off
?Being a founder means you’re always learning—often the hard way. The skills that come naturally to you won’t always be the ones you need to succeed long-term. The sooner you face these gaps, the faster you’ll grow, and the more scalable your company will become.
The choice is yours: keep struggling in the same ways or evolve into the leader your company needs to scale. Developing these skills won’t be easy, but it’s the difference between staying stuck or thriving.
?Are you ready to step up?
Founder
1 个月Great insights! Staying updated on trends like these is crucial for growth and success. Thanks for sharing such valuable information with the community!
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2 个月Great read! Focusing on what matters to stakeholders is key to building a strong and lasting company foundation.??