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Leadership

Guest blog: Is your ego too big for your business? (flowchart)

Author: Meredith Wood (vice president at Fundera)

There’s a fine line between celebrating your accomplishments and suffering from an overinflated ego. Indeed, inflated egos are quite common, and are often easily explained by a phenomenon known as Hubris Syndrome. As you gain more power or become more successful, people naturally laugh at your jokes more and try to please you more often. That fosters a growing ego. 

Some ego is good. Too much is bad. With an overinflated ego, you open yourself up to manipulation as people exploit your cravings for attention, become trapped by bias as you choose to believe only the facts that are convenient, and tend to treat others around you badly. 

There are plenty of external reasons why small businesses fail, like dried up funds or plummeting demand, but an internal factor like egotistical leadership should not be one of them. 

Fundera created a flowchart that asks whether your ego has grown too big for your business. It has also provided some simple ways to rapidly deflate that growing ego. 

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Author: Meredith Wood

Bio: Meredith Wood is a vice president at Fundera. She is frequently sought out for her expertise in small business lending and frequently contributes to SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, and StartupNation. 

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