More Than Working Capital Series: Humility

We’re starting a new series on our blog called “More Than Working Capital.” We know it takes “more than working capital” for a business to be successful, and we will occasionally post about a virtue we think is important for successful leadership, a successful career and/or a successful business.

Today, let’s talk about humility. A lot of times, entrepreneurs and leaders are reluctant to show they need help or to ask for it, or they overlook how much their business could improve with help. This type of character is often portrayed in movies. For example, the talented athlete that focuses more on being the MVP than being a team player or the leader of a country who wants to conquer his speech impediment. The lack of humility may have to do with pride or fear, but to be an effective leader, it’s important. How can humility impact your business and leadership?

1. Humility sets the tone for the organization.
Humility helps build trust and respect in the workplace. It opens opportunities for teamwork, which helps everyone learn from each other.

2. Humility is more important than other smarts in the long run.
Humility is an underrated virtue that serves you better than most – intelligence, confidence, skill, etc. However, it takes intelligence, confidence and skill to have humility, in my opinion.

3. Humility gives you more options.
Humility helps with relationships. Human nature dictates that most people don’t like boastful, prideful or cocky people. Having a sense of humility allows you to have better, deeper and more meaningful relationships.

4. Humility breeds humility.
How you treat your employees is bound to affect how your employees treat your clients. Do you want your employees to treat your clients with humbleness?

Human beings are not perfect. We have faults, and we can learn from other’s mistakes, and recognizing this is how we are is important to humility. How can you be more humble? Take note of the following tips.

1. Be approachable and sincere towards your employees or co-workers
2. Treat other people as equals despite their titles
3. Acknowledge the accomplishments of others
4. Delegate responsibility and authority by allowing employees to set goals and performance objectives.
5. Groom talent in your office.

What are your tips to be more humble?