Top 7 Traits of Successful Business Leaders
Top 7 Traits of Successful Business Leaders
What does it take to become a successful leader in business? There are many traits that people associate with being a good business leader, but some are more important than others. Ultimately, if you want to end up being good at being in charge you will almost certainly have to develop some or all of these traits.
For many great business leaders it all starts with the power to persevere. Persistence pays off in the business world, no matter what the industry or your position. Many of the world’s most successful business leaders failed many times before they finally reached the pinnacle of success. Therefore, you have to be willing to try, try and try again to be a good business leader.
There will always be someone who will tell you, you can’t, that your ideas are lousy and that you’ll never succeed. However, being able to ignore the naysayers and look past the criticism is a key component to becoming a successful leader. You can’t quit just because someone says you’re no good.
Surround yourself with talent
Most successful business leaders realize they can’t do it alone. Many of the top leaders have a great eye for talent and they do what it takes to hire them. If you want to be great then surround yourself with other great people.
Every business leaders wants to see his or her company become successful. However, great leaders don’t stop once they’ve arrived. In fact, whether you’re looking for power, money or just the satisfaction of being on top, a good leader actually never feels like he or she has arrived. Business leaders understand that you have to keep striving to achieve more and never feel satisfied with your past achievements.
What’s the biggest deterrent to success? Fear. If you’re afraid of failure you will never be successful because you’ll never take the necessary risk to find success. That means you have to be willing to think outside the box and then leave the box once you’ve come up with those new ideas. Many people get stuck in their comfort zone and never end up taking the necessary risks to become truly successful. So give up fear and forge ahead.
No one is perfect and good leaders understand that the people they work with will make mistakes. A good leader also needs to understand that he or she is going to make mistakes and that one needs to accept those mistakes as well. The key is to take those mistakes and learn from them. So, if you mess up, admit it, sincerely apologize and do whatever you can to make amends. You’ll earn the respect of those you hurt.
Any good leader understands that it takes a lot of tenacity and toughness to achieve lasting success. In other words, you have to be prepared to battle for your victories. The business world is a tough place and if you’re not prepared to put up a fight then someone else will knock you down and take the prize. So get tough and be ready to fight.
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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
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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.
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Introduction: In this interview, Alan Olsen, CPA and featured guest Micah Fink discuss how Horses and Heroes use horses to aid veteran care and much more. Transcript: Alan Olsen Welcome to American Dreams. My guest today is Micah Fink, CEO and founder of Heroes and Horses. Micah, welcome to today’s show. Micah Fink Alan, thank…
Introduction: Two dad’s discussing life balance in the hectic world of IPOs with featured guest, Travis Combs, Managing Director at the Effectus Group. In this interview, Alan Olsen, CPA, MBA and Travis address family, faith, career, client’s best interest, and trying to strike a balance. Transcript: Alan Olsen Welcome to American Dreams. My guest today is…
Introduction: A candid discussion about investment banking and philanthropy with Mike Bennett, Managing Partner of Crewe Capital. In this interview, Alan Olsen, CPA, MBA and Mr. Bennett open a window into his Crewe Capital‘s early beginnings the connection between investment banking and philanthropy. Transcript: Alan Olsen 0:01 Welcome to American Dreams. My guest today is…
Introduction (teaching business success at Barr Business School) In this interview, Alan Olsen, CPA, MBA discusses teaching business success with Dr. Frumi Rachel Barr. Dr. Frumi Rachel Barr is the Founder and Chief Mentor at the Barr Business School. Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is…