Becoming an Effective Business Leader is Easy: Here’s the Answer

Have you ever given it a thought that even after hiring the best employees you are not getting the expected output?

If the answer is yes, then you ought to work on your leadership skills.

We all know that the success of an organization largely depends upon the leadership qualities of the top management. There is a plethora of research and studies that validate the significance of effective leadership for the success of an organization.

According to a survey, “A-level talent wants to work at companies with strong leaders”. Furthermore, leaders give proper direction to the organizations, which marks their success.

But who is an effective leader?

Well, true leaders are those who are not just responsible for implementing the change; rather they strive to initiate the change. But, most of the businesses don’t have effective leadership.

According to a McQuaig Global Talent Recruitment Survey, HR professionals from different parts of the globe rated 25% of their leaders as “very effective”, while the majority (61%) felt they were only “somewhat effective” and 14% felt their leaders were ineffective”. And, this implies that around 75% of leaders are merely adequate or worse.

If you are among this 75%, then you need to change the way you are conducting your leadership abilities and inculcate some of the effective leadership traits that will improve the condition of your team and organization.

What Traits Should an Effective Business Leader Have?

To become a successful business leader, one should possess some essential traits, such as:

1. Integrity

Integrity is about earning the respect of your team without making them realize your seniority. With integrity, you do not have to make your team members work forcibly for you; rather they work willingly for the growth of the company.

2. Cooperative

Being cooperative implies making your team feel that you are with them and always available to extend help. Being approachable and cooperative is the key to achieve this. Carrying such an attitude gives your team members the motivation to go extra miles to achieve the goals.

3. Focussed

A business leader always has a sharp focus on his vision and never misses out on any opportunity to work towards his goals. The clear focus accompanied by the zeal to keep learning innovative ways paves way for the next level of success. Such a leader is always a source of inspiration to the team.

4. Considerate

Being considerate is another essential trait of a successful business leader. If you are not considerate enough, then your team will never be open about their doubts and queries with you. And, this would ultimately end up in harming the growth of your business. Everyone wants to work with a humble leader. So, you should be the one.

5. Creative

A good leader should always be creative. Creativity and imagination go hand in hand, and being a leader, you should always come up with some innovative ideas that can give a boost to your business. This ability helps the leaders to stay and grow in an organization. If you stop putting new ideas in your existing work process, then you might end up decreasing your revenue rather than increasing it.

6. Perseverance

This is one of the major characteristics of a leader. The ability to persevere even in the worst situations is the foremost trait a good leader should possess. Before achieving success, there could be several instances when you might fall and fail, but keep going to hit that mark.

It is quite obvious that you might not have answers for everything, or you might not know what to do next. Even in such a situation, you should never lose your sense of confidence. You have to believe in yourself.

7. Patience

Patience is the key to success. As a leader, it is your task to direct your team on the right path, but making decisions in a jiffy can ruin everything. Analyze the pros and cons of every situation and action before task delegation or task assessment. Understanding and acceptance of the fact that it takes time to achieve the end goals imbibe a positive demeanor in a leader. Such a leader can forgive mistakes made by team members and helps them grow.

8. Decision-Making

Decisions can make or break a business. Hence, making sound decisions is very important for becoming a successful leader. It is a leader’s decision-making power that takes business to a whole new level. Taking the right action at the right time is highly important for a successful business.

For this, you should always analyze all the facts and figures and then make well-informed decisions.

9. Effective Conflict Resolution

Being a good leader, you should always know that you can never raise any sort of conflict among your team members. If in any case, conflict arises, then you should resolve it as soon as possible. You have to treat everyone equally and remain fair while resolving the disputes. It is best to have a keen on the working of the team members to ensure a fair attitude during the times of issues. If tracking everything manually is a taxing task, then you can try out a help desk software to automate the entire process.

10. Honest

What makes a good business leader? It is undoubtedly exhibiting honesty at work. It is an essential trait to build trust and credibility in your team. This will help in building a positively motivated team for a business laid on a sound foundation.

11. Loyal

Loyalty is a virtue that can enhance the quality of bonds you share with your employees. If you exhibit loyalty and understanding towards your employees, then you can expect a completely committed team to help you achieve your goals.

The younger generation is not at all willing to work under the pressure of bosses, and thus, they look for authentic leaders. Thus, loyalty between employee and employer becomes essential.

12. Responsible

One of the important business leadership qualities is being responsible. You should be responsible enough to make sustainable business decisions. It would be best if you carry a good understanding of what responsible and sustainable practices should be implemented to develop your personal and professional values.

Closing note

These are the must-have traits of a leader in business. Regular training and leadership programs can be conducted for new and existing managers to ensure a positive and growth-oriented environment in the workplace. A mixed set of the traits mentioned above can certainly help shape successful and effective business leaders.