Two months ago, Peta dramatically announced to her peer group of MDs that she had “lost her mojo for the business”. Like the rest of the group, she ran a medium-sized enterprise, but was also founder shareholder. The other shareholder was an Angel investor who had previously saved the business with a much needed cash injection, but who had recovered his investment some years back.
Following tough times, the business was taking off, just as the Angel turned Devil by announcing that shareholding arrangements had to be changed. The suggested route threatened Peta’s ownership of the business and she became disaffected. At the same time, the staff became more difficult and sales began, once again, to decline.
After close questioning and critique by the group, Peta saw that there were more options than she had originally thought and that there was some vital information she hadn’t investigated, such as the details of the shareholder agreement.
Carrying her rediscovered mojo before her, Peta reappeared last week. As a result of the discussion, she had found that she was in a much better position than the Angel had led her to believe. She had appointed an accountant, had the difficult conversation with the Angel, and an offer accepted to buy the Angel out rather than the other way round. And as her mojo returned, staff became easier, sales returned and more business opportunities began to appear.
Coincidence? Maybe. More likely it’s an example of what’s going on in a leader’s head affecting their mood, energy and outlook; and in consequence, the performance of their staff. And it doesn’t have to be something as dramatic as losing control of your business to affect your mood, energy and/or outlook; and the performance of your staff.
It is therefore always useful to ask yourself:
How do I feel about my business?
And to recognise that your feelings will usually be picked up by your people. In fact, mood and energy management may well be unrecognised core leadership skills.
Mojo: a power that may seem magical and that allows someone to be very effective, successful, etc.; influence, especially magic power; sex appeal; talent; probably of African origin