Add These Leadership Skills for 2021

Add-Leadership-Skills-for-2021

As we begin to exit the pandemic, are you looking to grow or enhance your leadership skills this year? If so, it is vital to have a plan as no one can expect to become a better leader just by showing up every day. Here are some important things to focus on in 2021. These leadership tips are what some of the top leaders have already done for years.

EVALUATE YOUR SKILLS

Start by evaluating the leadership skills you already have. You can do this by assessing your leadership behavior and asking, “What type of leader am I? Do I dominate those I lead, or do I try to influence? Do I lead with compassion or do I ignore others’ problems and concerns? Do I boss others, or do I give clear direction and positive reinforcement?”  Come up with a list of the skills you’d like to keep and hone, then jot them down on a list for future reference.

Eliminate Ineffective Habits

Now that you know the skills you would like to keep, you probably also know some you would like to eliminate from your leadership behavior.  To get rid of bad habits that aren’t serving you, choose from the list of new habits you want to develop and work on them. In addition, it pays to identify your role models for the coming year and then do what you can to mimic their leadership behaviors.

Great Leadership Skills to Develop

Here is a list of some of the best Leadership skills identified from around the web.

Interpersonal Communication
Empathy
Decision-making
Creativity
Problem Solving
Delegation
Motivation
Time management
Conflict Resolution
Strategic Thinking

Leadership Skills Plan

Here is our three-step leadership skill plan:

  1. Choose a strength you already have and make it stronger.
  2. Pinpoint a weakness you want to improve on or a skill you don’t yet have (the above list may help) and work at it.
  3. Lastly, choose a leadership skill you can share with those you lead and then teach them how to develop this skill.  Like most goals, sharing it with someone aids us in sticking to our plan. And if a little of this leadership skill rubs off on the person, or persons, with whom we share it, the better!

There has never been a greater need for strong, effective, and compassionate leadership.  By periodically reviewing and repeating these steps, your leadership skills will grow in number and improvement, as will the leadership skills of those you lead.

We hope you found this article about Leadership Skills helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or home page www.Groco.com.  Unfortunately, we no longer give advice to other tax professionals gratis.  Considerately yours, GROCO, GROCO Tax, GROCO Technology, GROCO Advisory Services, GROCO Consulting Services, GROCO Relationship Services, GROCO Consulting/Advisory Services, GROCO Family Office Wealth, and GROCO Family Office Services

Posted in
employee

Employee Ownership Update

Employee Ownership The following article appeared in the New York Times on May 21, 2006 and is one of the best articles about employee ownership that I have seen. It illustrates a few great examples of how employee ownership has helped companies achieve extraordinary success. These Workers Act Like Owners (Because They Are) By William…

FAMILY LIMITED

Family Limited

This FLP Alert is directed at clients and their advisors who have already established Family Limited Partnership irs (“FLP’s”) and those clients who are considering a partnership as part of their estate plan. With all the attacks the IRS has made on FLP’s over the past few years, culminating at the Strangi III decision in…

The True Value of Your Company May Be Different From What You Think

The True Value of Your Company May Be Different From What You Think

The True Value of Your Company May Be Different From What You Think Approaches to Value Intangible Assets Posted: 3/31/11 I’ve received a lot of inquires asking how to value a company that has yet to generate any revenue, has not reached profitability, and yet, it has a substantial history of expenses. Most are start-up…

To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. Alan Olsen, CPA Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world. Alan L. Olsen, CPA, Wikipedia Bio GROCO.com is a proud sponsor of The American Dreams Show. American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business. Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind. The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most. They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more.. American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included: Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work… Untitled_Artwork copy 4 MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement: In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges. Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Does Your Business Need a Buy-Sell Agreement?

Does Your Business Need a Buy-Sell Agreement? What Is Buy-Sell Agreement? Buy-Sell Agreement, also known as a buyout agreement, give the company or other stockholders the option or obligation to purchase the interests of other owners under some specified circumstances called trigger events such as death, departure, or retirement, etc. There are two basic types…