Advertising
Advertising

10 Kinds of Toxic Persons that Will Poison A Good Business

10 Kinds of Toxic Persons that Will Poison A Good Business

In order to run a successful business, you need a strong team. Your team doesn’t just mean employees. It could be investors, suppliers, or other stakeholders in your company. Every person that comes in contact with your business has the ability to affect it in some way. The goal is to keep as many positive and helpful people around your business as possible, and to eliminate the negativity.

Even if we don’t want to admit it, the people we hang around with have a significant impact on us. One study showed that each positive person you let into your “circle” increases your chances of being positive by 11%. And just as quickly as a positive person can improve your corporate culture, a Negative Nancy can bring down team morale as well.

Now, it’s up to you to determine if each member of your business is contributing positivity and good vibes, or if they’re actually a toxic piece that has to be removed. Here are 10 types of people who are bringing your business down.

1. The people who feel entitled

There’s nothing worse than someone who feels entitled to everything. Working hard and feeling as though you deserve the rewards you earn is a good thing. Failing to contribute to the business, and not working towards growth, but expecting to reap the rewards of the business’ success however, is an entirely different story.

These are the people who will perform mediocre work, or just enough to keep their job, then will cause a ruckus when it’s time for bonuses to be given or raises to be distributed, wondering why they didn’t get more. You’ll always be the bad guy in their eyes.

Advertising

2. The people who agree to everything

Yes Men. It’s human nature to want to be praised and congratulated. Having people tell you how good your ideas are is a great feeling, but having people tell you the truth will have a much better effect on your business.

You need to have people you can go to who will give you honest, well thought out advice on your ideas and business decisions. The problem with yes men is that they’re going to tell you whatever you want to hear, no matter how bad it is. You could pitch them your idea to open up a tattoo parlor for toddlers, and they’d be 100% on board.

3. The people who always have their hands out

As your business starts to grow, you’ll undoubtedly attract people who ask you for favors. Whether it’s your time or money, they’ll always want something from you, but typically offer nothing in return. It might start off seeming innocent enough. Can I borrow a couple of dollars to hold me over until next month? But six months later when they’re still asking you for money, or to do them one “small” favor, you’ll realize that you’re being taken advantage of.

You’ve worked too hard to get to where you are to give it all away for free. Helping people out is fine, but don’t become a permanent lifeline.

4. The people who promise you the world

Being in business, you’re probably very accustomed to the world of selling. But every now and then, you’re bound to come across a few people who will make you wonderful promises of doubling, tripling, or even quadrupling your revenues and expanding your business beyond belief.

Advertising

So you’re excited. It sounds great! But nine times out of ten, it’s just hype to get you to buy into something that’s not all it’s cracked up to be.

5. The people with no follow-through

Some people are great at generating ideas and being creative. But when it comes to executing those ideas, they’re completely lost. That’s where you come in. They get you to invest your resources to push their idea. But after a while, they realize it’s not something they want to pursue and you’re left with a burden on your shoulders that has taken your focus away from your own business.

If someone pitches you an idea, triple check to make sure they’re the real deal and are invested in making it work. If they don’t show the same passion and drive for their business ideas as you have for yours, then it’s probably not going to end well for either of you.

6. The people who shoot down your dreams

Just as yes men can be toxic to your business, someone who constantly shoots down all of your hopes and dreams can be equally damaging. Constructive criticism is helpful, but if someone is completely ragging on every idea you have, that means one of two things:

  1. All of your ideas are awful (very unlikely)
  2. They’re putting you down for their own personal reasons

There will always be people who tell you that you can’t be successful. The secret to success is ignoring the noise, and staying focused on making your business work.

Advertising

7. The people who hate their job

Do you have employees that you know hate being there? They come in unexcited, they always leave at 5:00 PM on the dot, and show no interest in furthering their career with your company. It may sound cruel, but sometimes the best thing you can do in this situation is to let them go.

Why? Because sooner or later their attitude will spread to other employees. They’ll constantly complain about being underpaid, problems they have with the company, and other issues they have. Before you know it, your company is filled with people who don’t want to be there and aren’t working their hardest like Peter Gibbons.

8. The people who love drama

Unless you want your business to be made into a soap opera, stay away from people who can’t seem to avoid drama. A little bit of office gossip is normal, but when it starts to affect people’s ability to work productively and be cohesive, the problem needs to be addressed.

9. The people who bring the wrong kind of attention

I’m not sure what it is, but some people just seem prone to negative publicity. No matter where they go, they always seem to leave a bad taste for everyone they come in contact with. You don’t want your business to become attached to people who have a bad reputation or are synonymous with trouble.

Whether it’s an investor that was tied up in a horrible scandal, or a high level executive that can’t seem to stop getting arrested, sometimes it’s best to just cut your business ties altogether.

Advertising

10. The people who try to change your vision

When you started your business, you had a vision of what it would be. You have your mission statement, your branding, and have even thought about what type of corporate culture you want. But as your business grows, you’ll have different people try to alter that vision and transform what your company is all about.

A little bit of change is OK, but doing a complete 180 from what you intended can have a very bad impact. For one, there’s a good chance that you’ve built up a customer base and clientele that chose your company because of its foundation. Stay true to your overall vision and be authentic. Don’t let others deter your company from its essence.

The key is to keep as many positive people around your business as possible, and cut off any of these toxic ones. Have you had any run-ins with any of these toxic persons?

Featured photo credit: Man on smart phone – young business man in airport. Businessman using smartphone inside office building or airport. via shutterstock.com

More by this author

25 Common Phrases That You’re Saying Wrong Has Technology Made us Lazy and Dependent? 10 Kinds of Toxic Persons that Will Poison A Good Business 10 Reasons Why Your Friends Should Be Jealous of Your Workplace Culture Watch These Office Hacks To Keep Your Desk Tidy

Trending in Work

1 10 Key Characteristics of a Highly Successful Entrepreneur 2 Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated 3 How to Quit Your Job That You Hate and Start Doing What You Love 4 8 Things to Remember When You Don’t Know What to Do with Your Life 5 Why a Career Change at 50 Is a Great Opportunity & How to Make It Work

Read Next

Advertising
Advertising

Last Updated on October 18, 2018

10 Key Characteristics of a Highly Successful Entrepreneur

10 Key Characteristics of a Highly Successful Entrepreneur

When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

1. Successful Entrepreneurs Practice Discipline

Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

Advertising

2. Successful Entrepreneurs Keep Calm

Things go wrong when you run your own business.

Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

3. Successful Entrepreneurs Pay Attention to Details

Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

Advertising

After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

4. Successful Entrepreneurs Embrace Risks

No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

5. Successful Entrepreneurs are Balanced

You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

Advertising

As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

6. Successful Entrepreneurs are Passionate and Motivated

In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

  • Commit to making short and long-term goals. Check in with them often to stay on task.
  • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
  • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

7. Successful Entrepreneurs Adapt

Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

Advertising

8. Successful Entrepreneurs are Marketing and Sales Experts

No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

9. Successful Entrepreneurs Have Strong Money Management

Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

10. Successful Entrepreneurs Ask Questions and Continually Improve

Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

If you are always improving, then how can you ultimately fail?

The Bottom Line

Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

Featured photo credit: Unsplash via unsplash.com

Reference

Read Next