Welcome to this issue of "Dr. T's Timely Tips" by Dr. Tony Alessandra. Please send your feedback to DrTony@Assessments24x7.com!

Leadership

What is it?

Leadership is an attribute that allows an entrepreneur to lead and inspire people or groups of people. Leadership is the ability of an entrepreneur to give guidance and direction to a business. Leadership requires an entrepreneur to make decisions for the benefit of his or her business. The ability to make and execute these decisions is key to the success of a business.

Why is it important?

The role of leadership in business is indispensable. Great leaders often create great businesses while mediocre leaders often create mediocre businesses. Leaders set standards and goals across the entire spectrum of their businesses. They determine strategies, market placement, plans, meetings, presentations, productivity, quality, and reliability. Leadership attracts talented people to an organization. Leaders attract loyal employees, key partners, and faithful customers. An entrepreneur who exercises leadership skills will be able to overcome the highs and the lows of the creation and execution of a business.

Leadership allows an entrepreneur to exert influence, attain goals, and make his or her vision a reality. Leadership qualities make entrepreneurs competitive and decisive. Leadership allows entrepreneurs to be assertive in their thinking style as well as their attitude in dealing with others.

How to get it if you don't have it?

Good leaders are not born as such. If you have sufficient desire and willpower, you can become an effective leader. Leaders are created through a never-ending process of self-study, education, training, and experience. In order to become an effective leader, you must learn to clearly communicate your vision and objectives in such a way that others adopt the vision as their own. A great leader treats others the way they wish to be treated, which is Dr. Tony Alessandra's Platinum Rule. An effective leader allows others to express opinions and contribute to the decision-making process. Learn to listen to the opinions and concerns of others.

How to develop it if you have it?

To become a more effective leader, practice always choosing to do the right thing. A leader receives respect when those around him or her believe that he or she will make the right decision. Also, encourage those around you to develop their skills and become more self-sufficient. An effective leader allows those around him or her to make decisions and holds them accountable for the decisions they make. You should practice communicating your visions and ideas to those around you. Ask for feedback on decisions that you have made.

 

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This article was adapted, with permission, from the One Minute Entrepreneur book, co-authored by my colleagues and friends, Ken Blanchard and Don Hutson with Ethan Willis. Please visit this site for details about the One Minute Entrepreneur book and be sure to take your complimentary One Minute Entrepreneur Assessment too.
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