If you want to be an entrepreneur, then you need to want to be a leader too. It doesn’t matter if you’re leading an entire team or just one person — you need to have the traits of someone who can lead a business to success. However, being a good leader isn’t something that happens overnight. While some are born with natural leadership skills, many aren’t. But, on the bright side, leadership skills can be taught, honed, and developed. If you’re an entrepreneur, you’ll need to practice those skills. Here are 5 traits of an effective leader:
They are good communicators.
Effective leaders are also effective communicators. They know what to say, when to say it, and how to say it. When leading a team, it’s important that your team is communicating well and it’s your job to facilitate that. If not, your team fails and you do too. Especially in it’s early stages, a successful business relies heavily on how well it’s people can communicate. Otherwise, you’re setting yourself up for failure.
They are respected.
Regardless of whether or not people agree with them, the successful leaders are respected. Their opinions are valued and therefore, they get heard. People look for integrity in their leaders. At the end of the day, working for a startup or small business is more than just a job. It’s a lifestyle. If someone is devoting the majority of their life to your make your entrepreneurial dreams come true, then they need know that you a person worth doing that for.
They value their team.
An effective leader understands that they can’t do it all themselves. That’s why they build a network around them to support their efforts. A leader knows what his or her core competency is and what it is not. For what it is not, they delegate that responsibility to others and trust them with it. A good leader knows that a company is only as strong as the people behind it, which is why team building is an integral part of every small business.
They inspire passion.
A good leader is passionate about what he or she does and in turn, inspires passion in others. A leader isn’t just doing a job or looking to make some money. He or she is an innovator. They’re changing the way things are done in their industry. This type of passion motivates the people around them to do the same. Leaders lead by example.
They admit when they’re wrong.
The most telling sign of an effective leader is their ability to admit they’re wrong. A leader doesn’t always have the answer and they make mistakes. But they own up to them. The key is not whether or not the mistake was made but how to go about fixing it. A good leader doesn’t dwell on the past but looks to the future.