If you're now thinking ‘I don't care what they think of me', you might want to try again. It is natural for all human beings to want to feel wanted and accepted, no matter what position they're in. It is a fact; everyone wants to be likeable.
However, if your team are comfortable enough to question things, receptive to change based on your judgement and think twice before speaking for fear of losing your respect; you're onto a winner.
Hierarchy isn't a thing of the past in most workplaces today, but if you create an atmosphere based on trust and respect, you end up with a close-knit family, rather than a bunch of 9-to-5-ers plodding along on like robots on autopilot. Great communication is the key to success.
Happy Team = Productivity.