Six Ways to Thrive as a Leader in Web3

Dec 14

Fast-track to success, witches! 💅📖 Buckle up for the scoop on dominating as a Web3 leader with these six game-changing tips!

Are you a marketing manager, sales director, or perhaps a founder navigating the world of Web3? I’m Emily Rose Dallara and in this blog post, I'll share six invaluable tips that can help you not only survive, but thrive as a leader in this ever-evolving space. Drawing from my personal experience as a CMO and marketing director at prominent Web3 and crypto companies since 2016, let's explore how you can make your experience working in Web3 and emerging tech as as enriching as possible.

In my early years as a leader in Web3, the challenges were abundant—integrity and transparency were lacking, teams operated in silos under the guise of decentralization, and there was a pervasive 24/7 work culture. Many talented leaders, unfamiliar with the nuances of the industry, left prematurely. The excuse of being a "new industry" no longer holds weight; Web3 has been around for over a decade. It's time to acknowledge that we don't need to reinvent the wheel; we can manage as we have in the past. The key is understanding what it takes to thrive. I've developed what I call the "Leader Bubble Of Balance”, to prioritize well-being, enabling leaders to set boundaries, manage stress, and guide their teams more effectively. It's the first step towards becoming a great leader in the ever-evolving landscape of Web3.

1. Understanding Your Well-being: The Leader Bubble Of Balance

The first step to effective leadership in Web3 — based on my Leader Bubble Of Balance — is to understand the importance of well-being. Are you looking after yourself? By managing stress levels and fostering emotional resilience, you lay the foundation for becoming a great leader. (It helps you turn off your notifications on your phone.) Reducing your stress levels = reacting less emotionally to situations and being able to guide your team more effectively.

2. Sharing Boundaries and Clear Direction with Your Team

Step two involves extending the principles of the Leader Bubble Of Balance to your team. Allow them to set boundaries, express themselves, and work within their energy. Provide clear direction, enabling them to align their efforts with the company's goals while fostering a healthy work environment.

3. Understanding Your Why and Company Values

To lead effectively, you must understand your purpose as a leader and your company's mission. Define your "why" and ensure it aligns with the values of the organization. Why are you a leader? What does your company do? Why does your company exist? This alignment is crucial for building trust and cohesion within the team.

4. Setting Clear Goals for the Team and Individuals

Set clear goals for your team and individuals. Encourage team members to establish their own goals, fostering a sense of ownership and alignment with broader company objectives. Regularly revisit and question these goals to ensure they remain relevant and contribute to the overall mission of the company.

5. Building Trust Through Understanding Your Team

Building trust is essential for setting and executing goals successfully. Take the time to understand your team members personally—learn about their interests, values, and life missions. Establishing this initial trust is crucial before introducing any significant changes, ensuring a smoother transition.

6. Embracing Compassion as a Core Leadership Trait

The most critical aspect of successful leadership in Web3? Compassion. Distinguishable from empathy, compassion involves actively relieving the physical, mental, or emotional pains of others. Be present with your team, showing them that you are committed to navigating challenges together. This trait is indispensable for managing the dynamic nature of Web3 and emerging technologies.

As you embark on your journey as a leader in Web3, remember to be the umbrella for your team, shielding them from the industry's ebbs and flows. The Leader Bubble Of Balance is your key to maintaining this protective umbrella, ensuring that you're equipped to lead effectively. For more insights and information, follow me on Instagram @emilyrosedallaracoach and tune in to the Web3 and Thrive podcast.

ABOUT THE AUTHOR

Emily Rose Dallara is our Resident Career Witch and Founder of Web3 and Thrive — covering leadership in Web 3, C-suite, and new founders. Find Emily on LinkedIn here.

Shirin Bucknam