There is an unwritten rule among entrepreneurs that “a boss should never be broke.” This doesn’t mean that a boss should always have money. Everyone becomes broke at some point. It is a rule of nature. Or call it the rule of the jungle. Bosses too become broke.
I am an entrepreneur. And being a Kenyan entrepreneur, being broke is the order of the day. In fact, I no longer get shocked when I walk around with empty pockets. I am not alone. But I never openly show that I am broke. Why? Because I am the boss.
As a boss and team leader, I have a team that depends on me. This team that looks up to me expects me, at the end of every month, pay them something called a salary that they would in turn use to pay for their bills and make ends meet for their families.
To this team, I am always their last hope. Their budget revolves around what I pay them. They plan to pay rent and other bills with what I pay them in mind. Now, as a person they depend on, I have to keep it that way, whether I have money or I am broke.
Once they learn that I am broke, and that some of them have more money than me, their boss, then their trust in me drops and that goes hand-in-hand with respect. Nobody respects a broke boss. Why should an employee respect you when you are always asking them to buy you a drink because you cannot afford?
Then there is a new rule among employees which sounds funny. “If you and your boss are always broke, then both of you need to find serious jobs.” Be a boss who does not show the weakness of being broke to your team. They will not respect you. Take this from me.
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