178- Why 60% of New Managers Fail and How to Ensure Yours Succeeds

The episode discusses the challenges of transitioning individual contributors into management roles, highlighting a significant 60% failure rate within the first 24 months. The hosts, Steve and Travis Smith of "The Business Wingman Show," share personal anecdotes and expert insights, emphasizing that successful managers must shift from a "me" to a "we" mindset, prioritize the success of others, and embrace delegation despite initial inefficiencies. Key areas for development are outlined, including moving beyond day-to-day tactical work, adopting essential behaviors like setting boundaries and embracing accountability, and cultivating a proactive, collaborative leadership mindset focused on anticipation and problem-solving. Ultimately, the discussion aims to equip both aspiring managers and those responsible for promoting them with the knowledge to foster long-term success.