Characteristics Of Successful Business Leader - 1102 Words

There is no perfect skill set for a successful business owner and the cookie cutter approach some people take is wrong. Businesses vary, and as a result, the skills needed to own and run them vary also. With that, there are some general traits that successful business leader should have. 1. Optimism: You must be an optimist because, at some point, you have to see beyond the hard times to see the better times. Optimism and confidence tend to go together. You, as the business owner, must be able to make it through the tough times because you have hope on getting better. 2. Able To Sacrifice: Being in the bottom spot on the totem pole is something that you are going to encounter as owner. Your business takes precedence over just†¦show more content†¦Most people start a business for self-employment as they can t get along with their boss. 5. Common Sense: As a successful business leader, you need to have the ability to anticipate problems and take steps to prevent them. Successful businesses look to outsiders like there are rarely any problems. What they don t see is a business owner that is keeping his/her finger on the pulse of the business and the industry. When they anticipate changes coming, they take steps to prepare their business in case it comes about. That preparation and willingness to change can make the difference between success and failure. Done well and it s just about invisible to anyone except the business owner. 6. Be Organized: Being organized is a major problem to most of the business leaders. In case you can not handle various things at the same time, then you shouldn t go into business for yourself. There is NEVER just one thing going on when you own business. There are customer problems; there are vendor/supplier problems, and there are competition problems. As a business owner, you have to be able to quickly know and understand which problems need attention first. You have to be able to prioritize your problems and know that those same priorities may change on a moments notice. 7. Be a Leader: People, especially your employees will always be looking to you for answers. Answers about your products, your market, your competition and just about everything else. As theShow MoreRelatedLeadership Theory Of Leadership Theories Essay1536 Words   |  7 PagesIn today s 21st-century world of business, good management is essential in organisations and that managers have to be leaders as well (Samson Daft 2014). The statement that true leaders are born with important traits such as intelligence, honesty, self-confidence†¦and appearance is unfitting but rather successful development of leadership is achieved through the transformational leadership theory. This essay will describe the trait transformational based leadership theories, on its effectiveRead MoreWhat Did You Learn From This Video? 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Harkema MBA [pic] Richard Branson Founder of Virgin Group Made by: Bernadette Yolanda S 36010 - Pre Master Program yolanda.bernadette@yahoo.com +31647326417 March 19th 2013 †¢ Wittenborg University Apeldoorn, Netherlands 2013 TABLE OF CONTENTS Title†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 Table of Contents†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.....†¦. 2 1. 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