At work, almost everyone would fit into any one of the above two categories.  They can belong to a team, working under a team lead or manager. Or they are managers, team leads having a team of people work for them.  But there would be some, who would fit into both these positions at the same time.  And striking a balance between both of them can be quite tricky (read dangerous  ).

At workplace, reaching out of one's comfort zone is talked about quite often. A brilliant example would be; when you are given five new resources and asked to build a team to manage a critical project.  Especially when the nature of job is very demanding; mistakes, schedule slippages are bound to happen.  Thanks to the new team who will be in the learning curve for first few months. Few tips to manage the time and pressure at work in such a situation, it’s from my personal experience;

• Know your team: while building a team know about each individual. Having a choice to choosing the team, not many are privileged enough. So try to get a fair idea about the individual, their educational and professional background. It helps build the rapport within the team.
• Knowledge share: This is the most important part, knowledge transition. Prepare a schedule and stick to it. And sessions, discussions, documents are not enough for learning; have the team start working on real scenarios from initial period of knowledge transition. Let them take risks, make mistakes and learn.
• Taking Responsibility: The team lead should be responsible for the team's action or behavior. The lead should act as a shield (transparent though) for the team to higher management or clients. And at the same time the team should take responsibility of the work and have an ownership attitude towards the project.
• Dealing with higher Management: This part is quite tricky, the transparent shield has to be built quite carefully.  Be protective towards your team; cover up for their mistakes, but not at the cost of your own reputation. If you take all the responsibilities, the team will never learn to do that for themselves. Do not hesitate to break that protective shield, when you feel it is too much. Pushing too hard at the expense of your own piece of mind, does not make sense.
• Perfect balance of Approachable yet Commanding: As a lead, your goal is to have the work done, yet not upset the team.  Extend a helping hand when they need it. Be reasonable and approachable to the team members, yet make it clear to them how particular you are about completion and perfection of work.

Couple of tips and tricks, it worked for me. Sure will work for others!!