Here are some things I learned the hard way. You don’t have to.
Leadership can be lonely. This can be especially true if the team you are now managing are your former peers. Learning to keep a certain amount of professional distance is important so you can reprimand when you have to and praise when it’s earned. Thus if the team you manage are your former peers, you’ll need to find new peers.
Resist the temptation to do. Whenever you find yourself thinking “It’s faster and easier to do this myself than to teach a team member to do it” resist that urge. Your job now is to make your team the best doers they can be and to ensure that either the workload flexes to meet the team’s capacity or the team’s capacity flexes to meet the desired workload. You’re not longer a pilot, you’re an air traffic controller.
Learn how to set expectations. When giving a direct report a new task, think about what you would want to know in order to succeed. In my experience this includes things like scope of work, deadline, expected level of quality, milestone dates, key project partners, and project goals. The better you “set the table” for the participants in a project, the more likely they are to be able to make smart choices when you’re not around to guide them.
The team you manage is not your team. Your goal with your direct reports is to help them get their job done as efficiently and effectively as possible, and to do that in a way that supports the larger firm, even when the decision that’s made is not necessarily easiest or most satisfying for your direct reports.
Praise publicly; course correct privately. Very few lessons about how someone you manage will be received or even stick if your first impulse is to air someone’s deficits or mistakes in a public forum. Praising someone among their peers, calling attention to someone’s accomplishments in an all-staff meeting or congratulating someone with a toast are great ways to make team members feel valued and inspire confidence in your leadership ability. Calling someone out in front of their peers only works if you want to build mistrust and animosity. When someone needs a course correction, do it privately, do it as soon after the problem as possible, and work with the person to come up with solutions to help them do better.
