Why Leaders Should Prioritize Investing in Themselves Before 'Doing' - Checklist Barrier
Robert Barber, Developing Exceptional Leaders
Human Capital Advisor | Hopeless People Romantic | HR Exec. | Entrepreneur $917MM | Exec Coach | Strategic Planner | Leadership Trainer | SHRM Cert Provider | Best Selling Author | Univ Professor | Speaker | EE Engineer
In my journey as a leadership coach, I have frequently encountered a concerning pattern: a relentless focus on 'doing' at the expense of personal investment. This tendency is not isolated to a few individuals; it is a widespread phenomenon that needs addressing.
From managing daily tasks to striving to meet organizational goals, the emphasis on 'doing' often overshadows self-improvement and personal growth. Leaders across industries and functions frequently prioritize immediate tasks and neglect personal and professional development. But why?
Societal pressure plays a significant role. In a world that often values tangible achievements over personal growth, the focus on visible successes permeates leadership. This perspective is compounded by the human bias towards instant gratification, where completing tasks provides immediate satisfaction, while self-improvement requires patience and dedication.
The fear of missing opportunities also contributes to this pattern. Many leaders feel that the time spent on personal growth means missing out on vital business opportunities. But the data suggests otherwise. For example, according to a recent study, companies with leaders who prioritize personal growth are 2.5 times more likely to experience a significant growth in revenue. Another study revealed that leaders who engage in continuous learning are 40% more likely to retain their teams, contributing to a more cohesive and productive work environment.
Through coaching, I've observed that leaders who invest in themselves not only grow personally but contribute more effectively to their organizations. Investments might include continuous learning, mindfulness practices, or building emotional intelligence. This isn't just theoretical; a survey by Deloitte found that organizations that invest in leadership development programs see a 20% increase in employee engagement.
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These investments are more than personal luxuries; they fuel creativity, resilience, and overall well-being, benefiting both the individual leader and the organization as a whole. Furthermore, according to a report by McKinsey, leaders who excel in self-awareness and self-improvement strategies lead organizations with 32% higher financial returns.
But understanding the importance of self-investment and actually making time for it are two different things. Creating a balance between doing and investing in oneself requires deliberate action. Leaders must allocate specific time for personal growth activities, define personal development goals aligned with professional objectives, and engage in coaching relationships that provide guidance and accountability.
Leadership isn’t merely about 'doing'; it's about growing and inspiring others through personal growth and development. The pressures of leadership can make this balance challenging, but as I've seen firsthand in my coaching practice, those who invest in themselves reap long-term rewards. With 44% of leaders reporting a lack of time as the biggest barrier to development (according to a Harvard Business Review survey), the need for this shift is more critical than ever.
I encourage all leaders to reflect on their priorities and consider the enduring benefits of investing in themselves. Together, we can create a roadmap that values both doing and becoming, leading to more profound success and fulfillment. If you're interested in further personal and leadership development, please don't hesitate to reach out. The path to leadership success begins with self-investment, and the numbers prove it's a journey worth taking.