5 Essential Leadership Qualities to Running a Successful Business

On occasion, people find success by chance. Maybe they wrote a one hit wonder, posted a video on you-tube that went viral or invented a pet rock (I still can’t believe people bought those) but as a general rule, success isn’t achieved by luck it’s earned through hard work and driven by exceptional leaders.

And even natural born leaders spend their lives cultivating their skills and work ethics to manage people and businesses. Here is a list of some of the most common qualities found in phenomenal leaders like Apple Co-founder Steve Jobs, Google Co-founder Eric Schmidt, Entrepreneur Chris Gardener (Author, The Pursuit of Happyness) and more…

Integrity & Honesty – Set the Bar High
Do what you say and say what you do, it’s that simple. When leading a company it’s important to place the bar high in setting examples for others. It’s hard to imagine that your personal integrity becomes a reflection of your business, but it’s true. Your employees will always work to your standards. What you do and say will be mimicked and will become the common culture of your company across the board.

The Ability to Delegate – Have Faith
You can’t do everything yourself. I know, that’s the only way to get things done right. WRONG. Hire great people, train them well, let them learn and make mistakes and above all, delegate. Determine the strengths and weaknesses of your employees and delegate accordingly. Occasionally you may hire an employee for a particular job and find their strengths are elsewhere, there’s no harm in changing job descriptions and matching the right skills with the right functions. Think creatively.

Stay Positive – It’s Contagious
There’s no need to get to too cosmic about this one, but you need to accept your energy is contagious. Maintaining a positive attitude and keeping things up beat will empower and motivate your team to also stay positive and go the extra mile in their work.  Try bringing some fun activities in to the mix like an occasional luncheon or afternoon snack, these small gestures can go a long way for office morale.

Be an Inspiration – Generate Passion
Some of the most effective leaders in the world achieved their goals by way of effectively communicating their visions. Chances are, if you are starting or already running a business you have lofty goals and visions for that business. Do your best to dig deep and find the best way to communicate these visions for the future with your employees. Be creative, include bonuses and rewards and articulate how the company’s success will contribute to their own personal and professional successes. Work to generate the same passion you have for your business in your employees.

Analyze the Past and Look To the Future – With No Regrets
Many of today’s top companies rose to the top taking risks and trying new things. They capitalized off the things they did right and learned from their mistakes. These are simple concepts. Gather as much data as you can about your processes and procedures and take time to analyze what you are doing and what is working. Toss what’s not working and move towards the future with new ideas. In today’s world we have to continuously adapt to the rapid changes in technology and media.

Many people sit around wondering what the magical formula is or waiting for that lucky break when so often the answers are simply right under their nose. It’s hard to imagine that sometimes ordinary people learn to cultivate a few basic skills and find great success, but it’s true.

The late Steve Jobs says it well, “That’s been one of my mantras – focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”

Keep it simple, reflect on the 5 concepts above and ask yourself how you can improve in each area; you will be pleased with the results.

Looking for a little pick-me up? You can see some short video montages of inspirational speeches from the leaders I mentioned above and more in this Entrepeneur.com article.

Also, take this short quiz from CNN Money to learn more about your leadership skills.

About the Author

Rachida EssadiqRachida Essadiq, Director of Marketing at NTC Texas is a successful five year marketing veteran, running events and campaigns for large to  small enterprises and non-profits.  She specializes in blogging, social media, branding/ identity and search engine optimization, striving to provide NTC Texas customers and fans with entertaining and valuable educational resources to find success in all areas of their businesses.