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Being an effective business leader takes years of practice.
The primary reason it takes so long is because effective leadership means being able to balance a number of skills, all of which require their own learning curve. In fact, âskillsâ isnât even the best word for it. Theyâre really more virtues than anything else.
Though different leadership styles can be used at different times to build and run an effective business, these eight character traits should be universal in each and every leader:
1. Self-awareness
One of the most important characteristics of a business leader is self-awareness, and the ability to understand your own strengths and weaknesses.
Very often, I run into leaders and aspiring entrepreneurs that make the mistake of going to great lengths to cover up their weaknessesâââinstead of addressing them openly so an effective solution can be found. Or worse, they arenât aware of what their weaknesses are at all, and instead play entirely to their strengths.
Over time, this leaves them vulnerable, and their business often suffers as a result.
2. Decisiveness
Every effective leader has to learn how to make sound decisions, quickly.
What so many leaders forget is that no decision is still a decision in itself. This is known as âparalysis by analysis.â Out of fear of making the wrong decision, they end up postponing taking actionâââwhich almost always causes a larger problem, and so on and so forth.
Effective leaders often learn this lesson the hard way. And once they do, they know the value in moving swiftly and confidently, even if theyâre not entirely certain of their directionâââbecause they know any direction is better than no direction.
3. Fairness
Treating others equally, no matter the circumstance, is a must-have characteristic of any effective leader, period.
Without fairness, you have subjectivityâââand subjectivity is very difficult to scale. As a leader, you donât have the luxury of looking at each and every situation, conflict, or personal issue with a detailed eye. Whatâs more important is having principles and practices in place that ensure you reach positive desired outcomes, faster. This means handling internal company issues with clearly established principles that are fair to all.
4. Enthusiasm
If you want people to follow you, then you have to lead them with enthusiasm.
This is something I work hard to instill in the people I work withâââespecially my sales teams. And the best way to do this is to lead by example. No employee will want to work for someone who doesnât embody the same characteristics theyâre being told to have and hone themselves. And no leadership team will want to pour blood, sweat, and tears into a business that is run by someone less enthusiastic.
As a leader, itâs your jobââânot to tell, but to showâââthose around you what enthusiasm and a true commitment to greatness looks like on a daily basis.
5. Integrity
Earning the respect of your team without having to remind them of your seniority is the definition of integrity.
Too many leaders lean on their titles as a crutch. They excuse their own behavior by saying, âIâm the founder. Iâm the CEO. Iâm the manager,â instead of earning peopleâs respect by acting and behaving appropriately. This is a concept I talk about at length in my book, All In.
Integrity is about more than just doing the right thing. Itâs about standing for something bigger than yourself, and setting a precedent within your business. After all, a companyâs culture is a reflection of its leaders.
Which means it all starts with you.
6. Knowledge
A talking head is worthless.
Every business leader needs to be as much of a practitioner as they are a facilitator. Too many CEOs get comfortable in their corner office and stop being present in the day to day of their own businesses, which leads them to fall out of touch with employees, their peers, and sometimes even their industry at large.
If you want to remain a leaderâââof your market, and within your own companyâââitâs crucial that you keep a finger on the pulse of whatâs happening, and stay on top of relevant facts, figures, and best practices.
7. Creativity and Imagination
The ability to come up with new and innovative ideas that propel your business forward is what allows leaders to stay around for the long term.
Building a profitable company isnât the hard part. Whatâs hard is keeping a company profitable over the course of a decade, two decades, three decades. And whatâs even harder is taking a profitable company and doubling its revenue over, and over, and over again.
Too many entrepreneurs, founders, and CEOs think this growth process is a directly reflection of hard work. âPut the hours in, and youâll get the results you want out the other side.â
But thatâs just not true.
There is a significant amount of creativity required in order to propel your business forward. Because often times, itâs not a straight lineâââwhich means whatâs required is not âmore hard work,â but a different approach altogether.
8. Endurance
And finally, every leader knows that whatâs more important than anything else in the world is the ability to persevereâââeven when things go wrong.
Part of being a leader is learning to be alright with ambiguity. You wonât have all the answers. You wonât always know where to move next. Youâll have your wins, and youâll have your losses. But through it all, you canât lose your sense of confidence. You have to always believe in yourself, and your ability to see things through to the end.
This article originally appeared on Inc Magazine.
8 Ways To Start Becoming A Better Leader was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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