Being at the helm of a successful business involves more than just having a great idea. It requires leadership in business skills. Whether you have one employee or one hundred, you must acquire leadership skills if you want to shape a successful business. What does it take to be a great small business leader? You need to have these three key qualities:
Good Listening Skills
There’s a fine line between being a leader and being a tyrant. The distinction is that great leaders listen to those “under” them. We guarantee you’ll discover some great ideas that could help you develop your business if you pay heed to your clients and workers. And don’t just listen: show appreciation by thanking the person and giving him or her credit for the idea.
In addition to listening and understanding, leaders must also be able to communicate. It’s an opportunity to clarify your goals to your team, and effective communication is what will lead to the buy-in that effective business leaders hope for. Two-way communication is vital – your team must understand your vision, but you must also understand any obstacles that they might have in helping you to reach your goals.
People generally see leaders as larger than life. Charisma plays a big part in this perception. Leaders who have charisma are able to stir strong sentiments in their team members by outlining a vision, which unites and captivates them. Leaders leverage the vision to inspire workers to reach toward related goals by attaching these goals to generous personal rewards and values.
The power to engage and inspire workers in pursuit of your goals and your mission may make the greatest difference between your failure and success. The key to success is inspiring your team to do their best on a daily basis. Remember, a passionate team leader can invigorate an entire company. Others will follow your lead if you’re happy and motivated in your role.
Smart Decision Making
Assertive, rapid decisions are part of business, and it’s vital for entrepreneurs to know how to think on their feet. Sometimes you’re not given much time to mull things over, and you just have to make a decision and stick with it, even if it turns out to be the wrong one. If this happens, you need to learn how to just pick yourself up and move on.
In order to become a smart decision maker, you need to develop the skill of strategic thinking, which is the ability to perceive the big picture in the shape of a vision and to split the achievement of that vision into management strategies and activities.
How Lendio Can Help
Lendio has facilitated leadership in business since its inception in 2011. The company enabled more than 5100 small business owners to secure $128 million in financing in all fifty states in the year 2015. CEO and co-founder Brock Blake commented, “At Lendio, fueling the American dream is our mission and motivation, and seeing the immense financial value our customers are achieving with our diverse marketplace is the best indicator of our success as a company.”
Lendio makes securing small business loans easy by matching entrepreneurs in need of financing to their lending network. It’s a win-win situation – credit unions, banks and alternative lenders also benefit from Lendio’s qualified leads, and so are motivated to help customers using the service.
The advantage of Lendio is that it offers entrepreneurs an all-in-one solution, presenting them with all of their loan choices in one place, letting them know within minutes if they’ve been approved for a business loan.