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Biggest challenges for leaders to overcome

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Once you claw your way to the top, you may be tempted to think you’re done. You made it, that’s it. Time to kick back. Right?

Wrong. Entrepreneur highlights top challenges leaders have to overcome. For example:

Challenge No. 1: Hiring the right people — and keeping them Many first-time leaders make regretful hiring decisions early on. They choose people too much like themselves when what they really need are employees with complementary skills. They also sometimes recruit people who may have the right skills but lack solid values.

Tom Sullivan, founder and chairman of Lumber Liquidators, a Toano, Va.-based hardwood floor retailer, learned his lesson the hard way. When expanding operations beyond his first store in the Boston area, he needed store managers and truck drivers in other cities, but some of his earliest hires didn’t pan out.

One store manager admitted to stealing money from the cash register, which he later repaid. Then there was the truck driver who disappeared on his first delivery, taking both the truck and the cash he had collected. “The biggest thing was getting people you could trust,” says Sullivan, 52, now chairman of the 2,000-employee public company. He didn’t do enough due diligence at first, but after those experiences, he quickly began conducting background checks on all new employees.

Full story at Entrepreneur.

Top news for leaders.

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