Patience

The regular readers of my blog are aware of my focus on Decisiveness and Getting Things Done.

But, as in all things in leadership, balance is required.  Good leaders balance this decisiveness with a healthy dose of patience.  There are times when we need to act; there are times when we need to wait and be patient.

Specifically, there are three times when patience is essential to move our businesses forward.

Patience When Emotional

This is the hardest and most important time for us to be patient. When angry or emotional, we need to be patient, end the discussion or meeting, and come back to the issue later when emotions are not running quite so high. The Chinese say it well:

“If we are patient in a moment of anger, we will escape a hundred days of sorrow.”

Chinese Proverb

Warren Buffett probably says it better:

“Don’t do things in anger: ‘You can always tell a man to go to hell tomorrow.’” 

Warren Buffett

Patience in Problem Solving and Decision-Making

When our direct reports or teams encounter problems or obstacles, as leaders, we all want to jump in, fix the problem, and move onto the next task.  Instead, we often need to practice patience, only offer our coaching, and let the individual or the team sort out and resolve the problem themselves.  This develops the individual or team and builds confidence for future challenges.

Likewise, in decision making, we do not need to make every decision now.  A good rule of thumb (from the book: Skills for Success: The Experts Show the Way) is that 15% of decisions need to mature and be made at a later date and a further 5% of decisions need not be made at all – either the decision is not important enough or the issues resolved themselves.

Patience in Long-Term Negotiations and Strategy

As leaders, we need to think long-term and have the patience to let some problems or issues simmer for a while.  Perhaps, it might not be the time to solve the problem.  Perhaps, the issue may not be a high enough priority for us or our team.  Or perhaps, the problems or issues just need to play themselves out. 

In a previous life, I was involved in acquisitions.  We often would try to acquire a company, not agree on a price, and just wait for the right moment when the deal would come together.  In one deal, we tried to acquire a company in the Midwest in 1996, kept in touch, and then finally completed the acquisition in 2005 – nine years later.

Such patience in sticking to a long-term plan is often uncomfortable.  As leaders, we want to make a decision and get the job done. This patience is even more difficult when circumstances turn against us.  

Several years ago, there was a young, brilliant chess player who was rising rapidly up the ranks of chess greats.  He seemed like a future world champion.  But a former world champion doubted this, remarking:

He will never become World Champion (in chess) since he doesn’t have the patience to endure worse positions for hours in order to win the game at the end.

Conclusion

As leaders, we need to be patient to make decisions or take advantage of opportunities when it is the time to do so and most advantageous to us.  The Chinese philosopher Lao Tzu sums it up well.

Do you have the patience to wait / Till your mud settles and the water is clear.

About David Shedd

David has been a President - CEO - COO of an up to $350M group of manufacturing, distribution, specialty retail and services companies, having led 22 different businesses from turnarounds to start-ups to fast growth companies.
This entry was posted in Leadership, Perform / Execution, Personal Success and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s