Leadership-The foundation to build a successful business

At Simply Business we believe one of the most critical factors in the success of a business is its leadership. Or conversely, the lack of business success can be primarily attributed to a lack of leadership.

In the past, studies suggested that leaders were born, not made, however today’s research clearly indicates that skills required for effective leadership can be learnt.

So what defines good leadership?

As a starting point, we would like to show in simplistic terms the difference between leadership and management.

Management Leadership
Bottom line focused Top line focus
How can I best accomplish certain things What are the right things I can accomplish
Doing things right Doing the right things
Protects current situation Adapts to rapidly changing

So, what characteristics make up a good business leader?

  • Passionate; To be successful in business, you need to be passionate about what you do and you have to persevere despite the odds. You also have to be passionate about the company, the product and the people you work with
  • Vision; Leaders have a clear vision about where they are going, how they are going to get there and are able to convince others to follow them. Great leaders also have the ability to think big and often with a higher purpose
  • Continually improving: Leaders are active participants who continually improve themselves and the business they own or work for
  • Success: Leaders not only know what to do to achieve success, but how to do it. They know how to define it and most importantly, know how to celebrate it
  • Highly effective; Leaders have to be able to manage themselves in order to be able to manage others. Highly effective people have a clear ability to define vision, set and achieve objectives, be good time managers, set priorities, and are highly productive.
  • Good People Managers; Great leaders get things done through people. They build a structure that does not have them as the focus, and have well-structured systems and procedures for their people to follow
  • Self-awareness: Leaders are clearly aware of who they are and what their strengths are as well as their weaknesses.

So, how do you shape up? Let's remember it's not about being the best in every area. It's about self-awareness of the areas that if improved would provide the best opportunities for your personal and business development which will assist to achieve your personal and business success.

If you would like to improve your leadership skills, please contact;

Simply Business Australia

Philip Coombs “The Profit Coach”

0419 834 678