The key to starting and expanding a business is good leadership. Acquiring leadership skills, and recognizing leadership capabilities is a prerequisite in business. An entrepreneur is essentially a person who can put together a team and the resources to execute a plan. He or she becomes a leader while directing the team through some of the most common business challenges to achieve the goal. Here are some of the top characteristics of a leader.
Honesty and Integrity
It is important for a leader to be honest and ethical so that these qualities are mirrored by the team. When the leader sets high behavioral standards, team members try to live up to them. The leader needs to make the work environment friendly and approachable.
It is important for a leader to be courageous. This includes accepting responsibility for failure and possessing the confidence to be ethical under pressure. A good leader is able to face tough competition fearlessly, pulling the team through tough challenges.
A good leader needs to identify key skills and delegate responsibilities accordingly. Delegating ensures better work quality and efficiency. Furthermore, the leader should be able to recognize what each team member enjoys doing. Team members function more productively when they enjoy their work.
Conceiving good business ideas and planning them out is an essential leadership quality. A leader should be able to plan along with a team and think ahead. Strategic and sales planning are highly valued leadership characteristics.
Control over one’s emotions forms a key part of leadership. An effective leader is one who does not lose poise. A team looks up to a leader who has self control, is calm and collected in difficult situations.
Communicating clearly is a necessary skill for good leadership. The team needs to understand goals and visions. Motivating the team to perform well, resolving issues, training and building trust require good communication skills. Humor in stressful situations, fun ideas for breaking the ice and being approachable also helps team spirit.
The leader needs to stay confident and calm in difficult situations. At times, a project might not be going as planned. Or, there might be differences in opinion with a client. By remaining confident, the leader is able to keep up the team morale. This helps the team to keep working and make the goal seem achievable.
An entrepreneur leads by example. Showing commitment to work motivates the team to meet high standards. During challenging times, a leader works along with the team to resolve issues. This helps the leader gain the team’s respect and drive them to deliver good quality work.
A leader should be able to help the team focus its energy positively. To do this, the leader should possess an upbeat and energetic attitude. Keeping the team happy is essential for productivity and growth.
This characteristics of a leader is, at times, forced to face critical situations requiring quick decisions. A leader should be able to assess the situation quickly and come up with a solution. For this, the leader needs to be creative and resourceful.
Leaders face situations where little information and time are available. In such scenarios, the leader relies on instinct and intuition. Based on personal experience and consulting more informed resources, a good leader intuitively resolves a stressful situation.
Ability to Motivate
Motivating and inspiring a team to perform is a major leadership characteristic. A leader inspires a team by timely rewards and generating enthusiasm. When team members feel that they are a part of the leader’s vision, they perform better.
Sure, lots of people are friendly. But a real leader takes their social skills to the next level. The best leaders are all able to get a good read on people within the first minutes of meeting them, and then use this knowledge to steer the conversation in the best direction. If you want to become a great leader, social skills are one of the most vital leadership characteristics. Start honing your social skills now.
Other studies also recognize endurance, organizational abilities and fairness as key characteristics of a leader. A successful leader is one who possesses all or most of these characteristics. With these abilities, an entrepreneur can lead the business effectively, setting an example for future leadership.
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