An Entrepreneur’s Most Important Leadership Duty

The one thing an entrepreneur must do to motivate her team is to give personalized attention and feedback.

I approach the financial markets with a scientific approach, analyzing academic research and gathering a wealth of data. Not only is this data-driven approach vital to LexION Capital’s holistic wealth management philosophy, it is essential for me as team leader. The same goes for any entrepreneur. There’s no such thing as one-size-fits-all, whether you’re talking about investing strategies or effective leadership.

As an entrepreneur, think of yourself as a data scientist. Gather data and observe each individual, so that you can customize your feedback and management. Given the exact same feedback and management style, I’ve had one employee tell me they felt micromanaged while another said they needed more guidance. Everyone responds to feedback differently. It takes time to get to know how your employees work best and what you as a leader can do to inspire each person’s best work.

At LexION Capital, I emphasize to my team that “it’s feedback, not failure.” We are all learning and growing in pursuit of the same goal: making fiduciary wealth management accessible, and building a better Wall Street for all.

Like this article? Check out my regular column on Inc.com!