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Business Leadership: How Business Owners Can Develop Resiliency, Team, and Leadership. Entrepreneur MBA Podcast 4.33

In today’s podcast, Jon Finn from TougherMinds and Stephen Halasnik from Financing Solutions discuss how business owners can build resilience, team, and leadership. There’s no doubt that effective leadership is the cornerstone for business growth and development. Smart business owners know that they have to constantly reassess their business leadership style to resonate with their employees for a greater impact. Read on to know how you can develop resiliency, team, and leadership in your business. 

How Business Owners Can Develop Resiliency, Team, and Leadership

Leadership in business is critical. To be successful in business, you must be able to build a resilient team and leadership. Every business owner should have the capacity to manage their business’s set goal through effective leadership, team building, and motivation. Your ability to inspire others to perform at their highest level will set you apart from your competitors. Leadership provides direction for a company and its employees and helps them reach their goals.  

You should be able to get the brains of your employee in the right shape for them to work creatively. After all, experience has shown that people cannot work cleverly if their brains are not in the right mode. Putting your employees in the right frame of mind entails getting them to reflect and analyze their habits. Your employees need good sleep, exercise, and diet to perform at their optimum level. In addition, you should create a culture that allows people to use the power of their brains to solve problems creatively. Your employees need to feel safe, respected, and trusted. Business Leadership

Setting the right tone for your business leadership involves developing your employees to learn how to work in teams through communication and collaboration. As a leader, you should be able to set a good example for your employees and get them motivated to learn new things.

What is Business Leadership?

For your business to thrive, you need a great deal of leadership ability that resonate with your staff. Business leadership involves accomplishing a goal through the direction of human assistants. As a business leader, you should have the ability to marshal out human collaborators to achieve your business goals and objective. In addition, your business culture should make your employees feel greatly valued for them to give their utmost best. 

Business leadership includes empathy, courage, the ability to learn quickly, delegation, effective communication, and more. An effective business leader should be able to communicate his ideas in a very clear fashion. Plus, they should be able to delegate tasks to their subordinate when it’s necessary. Then again, a savvy business leader knows how to adapt to change pretty quickly and makes his employees follow suit. 

Why is Leadership Important in Business?

As a business owner, you might need to determine how to bring out the best in your employees and build teams and resilience in your company. Business leadership is a necessary ingredient for bringing about the ideal change you desire in your business. 

The importance of business leadership is hard to overestimate. Leadership fosters a productive workplace, motivates teammates, and gives them a sense of purpose and direction. Effective leadership helps to establish a business mission and vision, business culture, and values. In addition, a good business leader helps to build good social connections and a work environment that allows employees to fit into the company’s overall objective.  

What’s more, business leadership can supercharge and promote teamwork. Building a high-performing team includes:

  • Instilling confidence in your employees.
  • Sharing vulnerability.
  • Allowing them to make mistakes for them to learn.

You should inspire trust to be able to provide purpose and direction. 

Business Leadership Qualities

Successful business leaders possess marked qualities that make them stand out and excel. If you want to be successful in the management of your business, you should imbibe these salient qualities below in running your business. 

Lead by Example

One of the best ways to showcase leadership is by doing what you preach. For example, suppose you expect 100% submission from your employees. In that case, you should be a pacesetter in practicing whatever change you want to bring to your business. in other words, if you want to build a healthy team, you should strive to be healthy by living a healthy life. 

Strong Communication Skills

Every great business leader has effective communication skills. Your ability to relay information about your company’s culture, core values, mission, and important messages to your employees is critical to your leadership success. In addition, excellent communication skills help you build trust and encourage your employees.  

You should strive to finetune your verbal and written communication skills. Plus, you must learn how to show empathy. Showing empathy means not reacting angrily or negatively to a difficult situation, putting yourself in another person’s shoes, listening attentively, and trying to understand a situation. Plus, you will establish a strong bond with your employees by acting with empathy.

Emotional Intelligence

Being able to show the capacity to control and express your emotions and to handle interpersonal relationships effectively is key to building resiliency in your business management. Good business leaders are high in emotional intelligence. In other words, they have some exceptional qualities that make them stand out. These qualities are self-awareness, empathy, motivation, social skills, and self-regulation abilities.

Vision

You need the ability to see the big picture. Doing requires having both hard and soft skills. You should have the ability to foresee what you want your business to be at some point in the future. Having a vision will help give you a clear focus in running your business’s day-to-day. The best way to formalize and communicate your vision to your employee is to write a vision statement. 

Leadership Styles in Business

In business, leaders have various ways of directing and managing others. As a result, your leadership style determines how you strategize and implement your business plans. 

However, democratic leadership is the best form of leadership style in business. Strategic leaders make decisions based on the input of each team. Democratic leadership allows junior employees to exercise authority in specific areas, thereby helping to have a glimpse of what business leadership is and preparing them for future positions they might hold. Plus, a democratic leadership style gives everyone a heavy sense of belonging as everyone is part and parcel of the business decision and project. 

Learn About Our Guest 

Dr. Jon Finn founded the award-winning Tougher Minds consultancy and has three psychology-related degrees, including a Ph.D. Having trained and coached over 10,000 people he has worked in performance psychology, resilience, and leadership science for over 20 years. Jon also wrote his best-selling book “The Habit Mechanic’ which has proven to change people’s lives. People have said it is a ‘MANUAL FOR LIFE’, and a ‘TOOL KIT FOR SUCCESS’.

More About Financing Solutions

An A+ and 5 stars rated BBB company since 2002, Financing Solutions, is a direct provider of lines of credit to small businesses and nonprofits.

Financing Solutions small business financing product is an excellent alternative to a traditional bank line of credit because it costs nothing to set up, nothing until used, and when used, is inexpensive. The credit line requires no collateral and no personal guarantees.

Small businesses use their line of credit to help with emergencies or opportunities when your small business’s cash flow is temporarily down (i.e. Payroll funding)

Please feel free to fill out the no-obligation, 2-minute business line of credit application here. The time to set up a credit line is when you don’t need it so that it is ready to be used, just in case.

Note: Financing Solutions donates 10% of its profits to various nonprofit charities.

 

 

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