8 Leadership Qualities Every Entrepreneur Should Have

by IMM Magazine - May 12, 2020

As well as good communications, confidence, commitment, and work ethic, entrepreneurs need to have just a little bit more gusto under their belt.  Check out there 8 leadership qualities every entrepreneur should possess below: 

Share Their Vision

A leader with vision has a clear idea of what they need to be doing, where they are going, how to get there and what success might look like. Be sure to articulate your vision clearly and passionately when working with your clients, ensuring your team understands their vision and shares the same passion to make those dreams turn into realities.

Lead By Example

As a leader, the best way to build credibility and gain the respect of others is to set the right examples.  Working around the clock?  Don't.  Leave time for yourself to decompress.  Paying attention to quality customer service?  Do.  By placing your clients first, you lead by example, which is also highlighting a great quality to what your brand is really about. 

Demonstrate Integrity

A leader with integrity draws on their values to guide their decisions, behavior, and dealings with others. They have a strong sense of character, keep their promises, and communicate honestly and openly, as well as honestly and directly with others.

 

Communicate Effectively

Know what you mean, and mean what you say.  Try to be as clean cut as possible, without beating around the bush.  Sometimes you just have to "keep it real." The ability to communicate clearly, concisely and tactfully is a crucial leadership skill. Communication involves more than just listening attentively to others and responding appropriately. It also includes sharing valuable information, listening, and not always talking, and asking intelligent questions.

Make Difficult Decisions

To be an effective leader, the ability to make fast, difficult decisions with limited information is crucial to your business. When facing a tough decision, start by determining different outcomes. Consider the likely consequences of your decision and any available alternatives. Make your final decision with conviction, take responsibility for it and follow it through. 

Recognize Success

For people to stretch themselves and contribute their best efforts, they need to know their work will be valued and appreciated. In essence, giving kudos where kudos are due is essential in the morale of your team.  Find ways to celebrate the achievements of your people, even if it’s through a simple ‘well done,' or remembering a birthday and sending flowers to someone who is having a hard time. As well as boosting morale, it will also strengthen their motivation to continue giving their best.

Empower Others

Great leaders understand that for people to give their best, they must have a sense of ownership over their work and believe that what they’re doing is meaningful. Communicate clear goals and deadlines to your team, and then give them the autonomy and authority to decide how the work gets done. Challenge them with high expectations and encourage them to be creative and innovative.

Motivate and Inspire

The best leaders drive their team forward with passion, enthusiasm, inspiration and motivation. Invest time in the people you lead to determine their strengths, needs, weaknesses, and priorities. Continue to cultivate relationships with those who work nearest and dearest to you, and always remember to motivate and inspire.

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