Courage The first and probably the most important characteristic possessed by successful women entrepreneurs is self belief. Read the written journals or listen to the speeches of these successful business women and you will observe that they had a firm belief that they were destined to be great. The first requisite of being a good business leader is courage. As a leader, you will need courage to hold the mantle of leadership; courage to face your worst fears and courage to do the right thing regardless of whose butt is kicked. Courage is essential for facing competition and handling business challenges or business failures. Without courage, you can never be a good business leader.
Examples of business leaders that displayed exceptional courage are:[sws_blockquote_endquote align=”left” quotestyle=”style02″]Courage is the first of human qualities because it is the quality which guarantees all others. [/sws_blockquote_endquote]
J. Paul Getty, Mike Adenuga and Richard Branson
[sws_blockquote_endquote align=”left” quotestyle=”style02″]When you reach an obstacle, turn it into an opportunity. You have the choice. You can overcome and be a winner, or you can allow it to overcome you and be a loser. The choice is yours and yours alone. Refuse to throw in the towel. Go that extra mile that failures refuse to travel. It is far better to be exhausted from success than to be rested from failure. [/sws_blockquote_endquote]
[sws_blockquote_endquote align=”left” quotestyle=”style02″]He that controls others may be powerful, but he who has mastered himself is mightier still. [/sws_blockquote_endquote]
Self control is one of the leadership traits essential for effective business leadership. Show me a great business leader and I will show you an individual who has established control over himself. Effective leadership will never be attained without self control. Of all controls available to a business leader; control over emotions is supreme. Without it your success in leadership will be limited.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]When we direct our thoughts properly, we can control our emotions. [/sws_blockquote_endquote]
Good sense of Judgment
Leaders sometimes find themselves in a dilemma or situation where they have to trust their instinct and sense of judgment. One attribute of good leadership is the ability to discern right and wrong; and also making the right decisions when in a dilemma. All leaders are sometimes faced with situational cases; sometimes, you have to settle staff conflict and customer complaints. That is why having a good sense of judgment is a prerequisite to becoming a good business leader.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]Good judgment comes from experience and experience comes from bad judgments. [/sws_blockquote_endquote]
Definiteness of Decision
One thing with being a leader is that the decision making rests solely on your shoulders and you have to live with the consequences of your decisions. You may have a great business team but they are not going to make the decisions for you; all they are going to do is render advice. To be a good business leader, you must be definite and firm in your decision. You must also be quick in making your calculations and arriving at a conclusion. Henry Ford; the founder of Ford Motor Company was a leader respected for his firmness and definiteness of decision.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]Before making an important decision, get as much as you can of the best information available and review it carefully, analyze it and draw up worst case scenarios. Add up the plus or minus factors, discuss it with your team and do what your guts tell you to do. [/sws_blockquote_endquote]
Skillful planning is another attribute of good leadership. Good leaders are known to be tactical planners and plan executors. They plan and strategize critically with their team before making any move or taking any decision.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]The best thing to invest in your business is your time. To schedule, plan and use time effectively, know your turf and know your objectives. Assess the obstacles and opportunities, then devise your strategies. [/sws_blockquote_endquote]
Understanding is another essential trait of good leadership. You need understanding to decode signals sent across to you by your followers. You also need understanding to make good judgments of situations and handle staff conflict.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]A real leader faces the music even when he doesn’t like the tune. [/sws_blockquote_endquote]
Fear of responsibility and accountability is the utmost reason why most people shy away from occupying leadership positions. As a business leader, you are responsible for the entire actions of your team. If things goes right, your entire team will share the honor and recognition with you but when things go wrong; you are alone. Ability to take responsibility is therefore the major difference between a leader and a follower.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]Successful businessmen share the ability to hire people smarter than they are. [/sws_blockquote_endquote]
Another quality of good leadership is team work. Good business leaders don’t work alone they bring on board people who are smarter than they are and delegate duties to these smart individuals. Great business leaders know that worthwhile achievements are never accomplished by stand alone men but by great business teams. Just like Sam Walton says “individuals don’t win in business; teams do.”
[sws_blockquote_endquote align=”left” quotestyle=”style02″]The most important thing in your business relationships is your reputation for honesty. If you can genuinely and sincerely fake honesty, you will be a success. Never doubt it. [/sws_blockquote_endquote]
Character is one of the attributes of good leadership. In fact, it’s probably the most important leadership trait of all. Your character is who you are and what you are made up of; without which you will never make a good leader.
That’s why a good personality is listed as one of the traits of good leadership. Good personality entails having integrity, charisma, self confidence and a good appearance. No employee, investor or customer will willingly follow a timid leader who lacks good character.
Leadership is not being at the helm of affairs neither is it overseeing a large group of followers. Leadership in business is all about directing a team towards achieving the desired goal and that business team comprise of men and women who are smarter than you in all ramifications. So if you must lead such individuals of high intellect then you need to be humble.
[sws_blockquote_endquote align=”left” quotestyle=”style02″]If there is such a thing as good leadership, it is to give a good example. I have to do so for all the IKEA employees. [/sws_blockquote_endquote]
Leadership is all about service and it takes humility to serve. It takes humility to admit your mistakes in business; it takes humility to learn new things and it takes humility to direct smarter individuals. That’s why humility is one of the most important leadership traits. Take a look at the achievements of Warren Buffett, Bill Gates, Andrew Carnegie and Mike Adenuga; and you will come to acknowledge the importance of humility in business leadership.
These are the ten traits every entrepreneur must possess to become a good business leader. If achieving extraordinary accomplishments is your concern then you must strive to develop these qualities of leadership.