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Youve been knocking it out of the park. Your projects deliver, your name comes up in leadership meetings, and now youve been tapped for the next step: your first management role. Its exciting. Its validating. But its also a lot like stepping off a cliff with no parachuteespecially if no ones told you what leadership really requires. In fact, nearly half of first-time managers report feeling unprepared when they take on their new roles. Why? Because being a high-achieving individual contributor is a completely different job than managing people. It’s not a promotionit’s a profession. So, before you accept that new title and the corner Slack channel that comes with it, hit pause. Ask yourself these four essential questions, drawn from my work with hundreds of managers at Arrowhead Engineered Products and OTC Industrial Technologies. Each one will help you determine if youre readyand what to work on if youre not. 1. Do You Genuinely Enjoy Empowering Others? Or Do You Prefer Doing the Work Yourself? All too often, Ive seen rising stars get promoted only to flounder under the weight of delegation. The problem isnt intelligence or ambitionits a mindset mismatch. Management is no longer about what you can do; its about what you can enable others to do. Two useful questions to ask yourself are, Do I find satisfaction in helping others succeed? and Am I willing to let go of doing it my way in favor of coaching someone through theirs? One high-performing sales rep at one of our subsidiaries had a stellar track record and was promoted to manage a regional team. Six months in, results were stagnant. At a leadership retreat, he realized hed been micromanaging every dealunintentionally robbing his team of growth and ownership. With targeted coaching, he transitioned to a mentoring model. The result? Revenue climbed, morale improved, and he built a far more resilient team. If your dopamine still comes from crossing tasks off your own list, management might not be the right moveyet. Instead, look for opportunities to lead informal teams or mentor junior staff before you make the leap. 2. How Comfortable Are You Owning Both Team Winsand Failures? When things go right, great managers give credit away. When things go wrong, they take responsibility. Its counterintuitive, and its hardespecially if youre used to being rewarded for your own performance. This isnt just about accountability. Its about resilience, emotional intelligence, and setting the tone. Your team will take cues from how you respond to adversity. Do you spiral or solve? Do you blame or build? Try these reflection prompts: How do I react when something goes wrong thats outside my control? Can I coach someone through a tough performance conversation without making it personal? At OTC, we train managers using scenario planning. One notable case study involves a division leader who faced a serious service failure that caused a major client to threaten walking away from the contract. Rather than deflect blame or point fingers at the team, the leader chose to step up, take full ownership of the situation in front of the client, and offer a clear plan for how the problem would be addressed. This response not only salvaged the client relationship, but it also strengthened it. The client later expanded their contract with OTC. This example underscores one of the key tenets in leadership: Leaders earn trust when they absorb the blame and redirect the credit. When done right, this kind of accountability builds lasting trust within teams and with clients, turning potential crises into opportunities for deeper connections and future success. 3. Are You Prepared to Create Both a Personaland TeamDevelopment Plan for Growth? Management isnt a one-and-done skill set. You dont learn it once and coast. Great managers are obsessed with improvementfor themselves and for their teams. Do you have a plan for how youll develop as a leader? Do you know how to identify skill gaps on your teamand help close them? Ask yourself: When was the last time you asked for feedback? What did you do with it? Could you sit down tomorrow and outline growth goals for each of your direct reports? At one of our leadership retreats, a newly promoted engineering manager discovered that she had never asked her team what skills they wanted to develop. When she did, it revealed a strong desire for cross-training and professional growth opportunities. She responded by introducing monthly “learning lunches” where team members could share knowledge and build skills together. The results were immediateengagement and collaboration skyrocketed, and the teams performance improved. The best managers dont just set development goalsthey actively ask their team about their aspirations. To put this into practice, try using a simple grid to map out development goals for each person on your team, including timelines, support needs, and growth areas. This exercise helps you align team ambitions with business goals, creating a mutually beneficial development plan. To take it a step further, regularly take part in self-assessments to evaluate your own growth areas as a leader. Self-awareness is key to understanding where youre excellingand where you may need more support. 4. Can You Navigate Ambiguity and Prioritize Like a CEO? Finally, one of the most underappreciated skills of a first-time manager is prioritization. Not everything can be doneand not everything should be. Youll be responsible for choosing what matters most, often with incomplete information and imperfect data. Start thinking now: When faced with 10 tasks, can I confidently identify the top three? Can I say noor not nowto requests that dont align with team goals? We teach managers to use an impact-versus-effort matrix to triage tasks. Anything high impact and low effort? Do it immediately. High effort but high impact? Plan for it. Low impact, low effort? Delegate it. Low impact, high effort? Consider eliminating it altogether. One manufacturing site manager used this model to rework his teams weekly meeting structure. The result: fewer redundant check-ins, more time for coaching, and a 12% uptick in on-time project delivery. A Road Map Becoming a manager is one of the most important transitions of your careerbut only if youre ready. These four questions arent just a test; theyre a road map. The more honestly you can answer them, the more successfully youll navigate the leap from standout individual to impactful leader. Because at the end of the day, management isnt about the title. Its about the trust you build, the growth you spark, and the results you drivethrough ohers. So before you say yes, take a moment to ask: am I ready to lead?
Category:
E-Commerce
Fans of the discount retail chain Big Lots will be happy to know that the company is just days away from making the second phase of its comeback. On Thursday, May 1, Big Lots will reopen an additional 54 stores, followed by another 78 stores two weeks later on May 15. Heres what you need to know about the companys continued retail revival, including which locations will be opening again soon. Big Lots back from the brink Back in September 2024, Big Lots filed for bankruptcy. Like many big box discount retailers, Big Lots had struggled from falling foot traffic and declining sales for years. In December 2024, the company announced it would go out of business and close all of its 800 stores. But just before the end of the year, the Big Lots brand got a last-minute reprieve. Thats when Variety Wholesalers, the company that owns discount retail chains including Bargain Town, Roses, and Super Dollar, agreed to buy just over 200 Big Lots locations from the liquidation firm Gordon Brothers. Variety Wholesalers said it would continue to operate the locations under the Big Lots brand after closing its newly acquired stores for a short time to prepare them for a new launch with reinvigorated inventory. Variety made good on its plans when it launched the first wave of a four-phased store reopenings plan in April. As Fast Company previously reported, the company is continuing its reopening push with its phase 2 reopenings on May 1, followed by phase 3 reopenings on May 15. In other words, many of those stores will open for business on Thursday. Finally, in June, Variety is expected to complete its final phase 4 reopenings, upon which time a total of 219 Big Lots locations will be open and operating again. Big Lots reopenings on May 1 and May 15 Variety says its phase 2 and phase 3 Big Lots reopenings will kick off this Thursday, May 1, with 54 additional store reopenings. Two weeks later, on Thursday, May 15, an additional 78 stores will reopen. First Company has previously published a full list of all the phase 2, 3, and 4 Big Lots stores that are reopening. What follows now is a list of all the 132 Big Lots stores that will reopen in phases 2 and 3 in May. Those stores cover locations in 14 states. North Carolina will see the most store openings in May, with 27 locations total. Ohio will see 14 stores open in May, and Pennsylvania will see 13 locations open their doors. (Note that you can see a list of locations, addresses, and opening dates on the newly updated store locator tool on the Big Lots website.) Alabama (7): Athens, Decatur, Dothan, Guntersville, Jasper, Mobile, Northport Florida (5): Crystal River, Jacksonville, Marianna, Ormond Beach, Panama City Georgia (11): Augusta, Brunswick, Buford, Cornelia, Dallas, Fort Oglethorpe, Marietta, Smyrna, Valdosta, Vidalia, Waycross Indiana (1): Jasper Kentucky (9): Campbellsville, Danville, Elizabethtown, Glasgow, Hazard, London, Middlesboro, Richmond, Somerset Michigan (5): Burton, Flint, Port Huron, Shelby Township, Southgate Mississippi (1): Southhaven North Carolina (27): Belmont, Burlington, Clemmons, Dunn, Elizabeth City, Elkin, Fayetteville, Gastonia, Greensboro, Greenville, Hickory, Kinston, Lexington, Lincolnton, Mocksville, Mooresville, Mount Airy, Newton, Roanoke Rapids, Rocky Mount, Selma, Shelby, Southport, Statesville, Wake Forest, Wilkesboro, Wilson Ohio (14): Alliance, Boardman, Bridgeport, Columbus, Elyria, Fremont, Grove City, Kettering, Lancaster, New Philadelphia, Reynoldsburg, Toledo, Warren, Wintersville Pennsylvania (13): Bloomsburg, Camp Hill, Cleona, Du Bois, Dunmore, East Stroudsburg, Erie, Eynon, Franklin, Lehighton, Lewisburg, Meadville, New Castle South Carolina (8): Easley, Greenwood, Lexington, Rock Hill, Seneca, Simpsonville, Spartanburg, West Columbia Tennessee (10): Alcoa, Cleveland, Greeneville, Jefferson City, Johnson City, Knoxville, Morristown, Murfreesboro, Rogersville, Sevierville Virginia (10): Chesapeake, Chester, Fredericksburg, Front Royal, Martinsville, North Chesterfield, North Prince George, Waynesboro, Winchester, Yorktown West Virginia (8): Beckley, Bridgeport, Charleston, Elkins, Fairmont, Martinsburg, Oak Hill, Princeton Big Lots phase 4 store reopenings in June Big Lots phase 1 in April saw nine locations reopen. Phase 2, on May 1, will see another 54 locations reopen, followed by the May 15 phase 3 reopening of 78 stores. Variety says it plans to reopen 219 Big Lots stores across four phases, which means that phase 4, which is scheduled for June 2025, will see the final 78 planned store reopenings. The exact date for when the final phase 4 reopenings will occur in June is unknown, but it will likely be earlier in the month.
Category:
E-Commerce
Canadian Prime Minister Mark Carney’s Liberal Party has won the federal election, capping a stunning turnaround in fortunes fueled by U.S. President Donald Trump’s annexation threats and trade war.Carney’s rival, populist Conservative Party leader Pierre Poilievre, was voted out of his seat in Parliament, the Canadian Broadcasting Corporation projected Tuesday.The loss of his seat representing his Ottawa district in Monday’s election capped a swift decline in fortunes for the firebrand Poilievre, who a few months ago appeared to be a shoo-in to become Canada’s next prime minister and shepherd the Conservatives back into power for the first time in a decade.But then Trump launched a trade war with Canada and suggested the country should become the 51st state, outraging voters and upending the election.Poilievre, a career politician, campaigned with Trump-like bravado, taking a page from the “America First” president by adopting the slogan “Canada First.” But his similarities to Trump may have ultimately cost him and his party.The Liberals were projected to win more of Parliament’s 343 seats than the Conservatives. It wasn’t immediately clear if they would win an outright majorityat least 172or would need to rely on a smaller party to pass legislation and remain in power.Elections Canada said it has decided to pause counting of special ballotscast by voters who are away from their districts during the electionuntil later Tuesday morning. The Liberals were leading or elected in 168 seats when the counting was paused, four short of a majority. Elections Canada estimated that the uncounted votes could affect the result in about a dozen districts.The decision means Canadians won’t know until later in the day whether Carney’s Liberals have won a minority or majority mandate.In a victory speech, Carney stressed the importance of unity in the face of Washington’s threats. He also said the mutually beneficial system Canada and the U.S. had shared since World War II had ended.“We are over the shock of the American betrayal, but we should never forget the lessons,” he said.“As I’ve been warning for months, America wants our land, our resources, our water, our country,” Carney added. “These are not idle threats. President Trump is trying to break us so America can own us. That will never . . . ever happen. But we also must recognize the reality that our world has fundamentally changed.” A defeat for the Conservatives Poilievre hoped to make the election a referendum on former Prime Minister Justin Trudeau, whose popularity declined toward the end of his decade in power as food and housing prices rose.But Trump attacked, Trudeau resigned and Carney, a two-time central banker, became the Liberal Party’s leader and prime minister.In a concession speech before the race call on his own seat, Poilievre vowed to keep fighting for Canadians.“We are cognizant of the fact that we didn’t get over the finish line yet,” Poilievre told supporters. “We know that change is needed, but change is hard to come by. It takes time. It takes work. And that’s why we have to learn the lessons of tonight so that we can have an even better result the next time Canadians decide the future of the country.”Poilievre can still lead the Conservative Party.Even with Canadians grappling with the fallout from a deadly weekend attack at a Vancouver street festival, Trump was trolling them on election day, suggesting again on social media that Canada should become the 51st state and saying he was on their ballot. He also erroneously claimed that the U.S. subsidizes Canada, writing, “It makes no sense unless Canada is a State!”Trump’s truculence has infuriated Canadians, leading many to cancel U.S. vacations, refuse to buy American goods and possibly even vote early. A record 7.3 million Canadians cast ballots before election day.Reid Warren, a Toronto resident, said he voted Liberal because Poilievre “sounds like mini-Trump to me.” He said Trump’s tariffs are a worry.“Canadians coming together from, you know, all the shade being thrown from the States is great, but it’s definitely created some turmoil, that’s for sure,” he said.Historian Robert Bothwell said Poilievre appealed to the “same sense of grievance” as Trump, but that it ultimately worked against him.“The Liberals ought to pay him,” Bothwell said, referring to the U.S. president. “Trump talking is not good for the Conservatives.” The Liberal way forward Carney and the Liberals secured a new term, but they have daunting challenges ahead.If they don’t win a majority in Parliament, the Liberals might need rely on one of the smaller parties. The Bloc Québécois, which looked set to finish third, is a separatist party from French-speaking Quebec that seeks independence. Trudeau’s Liberals relied on the New Democrats to remain in power for four years, but the progressive party fared poorly on Monday and its leader, Jagmeet Singh, said he was stepping down after eight years in charge.“This is a dramatic comeback, but if the Liberals cannot win a majority of seats, political uncertainty in a new minority Parliament could complicate things for them,” said McGill University political science professor Daniel Béland.Foreign policy hasn’t dominated a Canadian election this much since 1988, when, ironically, free trade with the United States was the prevailing issue.In addition to the trade war with the U.S. and frosty relationship with Trump, Canada is dealing with a cost-of-living crisis. And more than 75% of its exports go to the U.S., so Trump’s tariffs threat and his desire to get North American automakers to move Canada’s production south could severely damage the Canadian economy.While campaigning, Carney vowed that every dollar the government collects from counter-tariffs on U.S. goods will go toward Canadian workers who are adversely affected by the trade war. He also said he plans to keep dental care in place, offer a middle-class tax cut, return immigration to sustainable levels and increase funding to Canada’s public broadcaster, the Canadian Broadcasting Corporation. Associated Press reporter Mike Householder contributed to this report. Rob Gillies, Associated Press
Category:
E-Commerce
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