Rabu, 06 September 2017

Implementing Big-Business Leadership

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Implementing Big-Business Leadership
Regardless of the size of your business, strong and effective leadership is the key to success. In order to pull this off, you need to set a clear vision, engage your team, and get everyone focused on the common goals you wish to achieve.
The principles are the same for a large or small business, but the roll out can differ. Smaller companies don't have the same training resources that larger firms do. However, there are several ways a small business can implement effective leadership that stays the course to reach the overall goals with a winning strategy.
Try the following:
Clear Goals
Be sure to be clear on winning the final goal and destination as a team. Leaders must paint an accurate picture of the vision and what it takes to pull it off. People will flounder without purpose, strategy, and clarity.
In small businesses, there is often fewer resources and manpower. Therefore, it can be more of a challenge to stay the course with a particular vision. The goal should be to stick to your plan and focus on the clear win. Don't let your team get scattered and off course. Strong leadership will ensure this does not happen.
Effective Communication
Once you've conveyed the goal, be sure to consistently communicate the steps it will take to achieve it. Good old fashion face-to-face communication is still the best way to communicate in the business world. Smaller businesses really shine here because they are able to squeeze in more face time. Larger businesses have more miscommunication and longer wait times to get answers due to lack of simple in person conversations.
Small businesses should still use email and other methods of communication, but a strong leader will try and help foster in-person communication on a regular basis too.
Delegate Freely
Strong leaders must be willing to delegate and get comfortable doing so too. If you are a small business that holds onto everything, then you'll be overwhelmed and business will suffer. Large company managers realize that they manage the people more than the work.
As a small business leader, figure out the workload that you could pass on to others and keep what you need to handle. Educate your team, send them to conferences, and give them materials to read in order to shape them to take on more responsibility.
Stay Focused
Small business leaders must keep their eye on the prize. What gets focused on actually gets done. Your team should see your focus and know what the top priorities are in order to stay focused on the vision at hand.
Professional leadership for small business will show evidence of a team on track, professional performance, and a team that works cohesively together. No matter the size of your company, outstanding leadership, coupled with clear vision, is essential.

~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected. All rights reserved
Warren Buffett - 3 Traits To Look For When Hiring
There is no specific recipe for the right hire. However, there are traits that you can look for in order to secure the most talented candidates for your company. Warren Buffett is a renowned investor and considered extremely wise in business with an advanced skillset that enabled him to build some of the most profitable companies worldwide.
Behind every great leader is a team of dynamic individuals. This is true of Buffett. What were the traits that he looked for as he hired his managers and advisors? Frequently, he speaks at universities and explains that he looks for integrity, intelligence, and energy when hiring.
Intelligence
Obviously, candidates need to be intelligent. However, you can get the grades in class but not know how to apply the information you've learned.
Intelligence is the very basic requirement to consider as you hire. No one will work with or hire someone dumb and unequipped for the role. After you have the intelligence factor, then go to the next trait as you seek to hire.
Energy
Energy is essential for any new hire. This doesn't mean that you want the most energetic and coffee-crazed person working for you. Rather, you want an energetic candidate to take initiative in your company.
Lazy people don't get far in life but those with drive and passion do. Employees that take initiative and are proactive to get things accomplished will most likely have that entrepreneurial spirit that you long for.
Integrity
The right candidate to hire should be intelligent and energetic. There is one missing and yet very important trait to be considered. Integrity is something that you cannot do without in your employees. They must be trustworthy and it is a trait that they make happen within themselves. You can't pick your eye color or what you look like but you can decide whether you will live as a person with integrity.
Warren Buffett's formula for a new hire is extremely useful and easy to follow. You don't want an intelligent person without integrity because that could cause problems for your organization. Further, you wouldn't want a lazy person with intelligence because it wouldn't do you any good if they don't take initiative.
Look for candidates that have intelligence, energy or initiative, and integrity. You will find that someone with top talent and these traits will be an outstanding addition to your company. Warren Buffett is living proof that hiring with these things in mind is beneficial to companies and teams seeking to grow
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~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected. All rights reserved
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