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Leadership Skills Every Business Owner Should Have

leadership skills for business owners

Establishing a business takes tenacity, creativity, and determination. When it comes to leading a company, you need a different set of characteristics to ensure a prosperous and healthy working environment. 

Without effective leadership, all other aspects of the business will deteriorate. A strong business leader will make sure that productivity is maximised and that the right people are hired for the job.

Five skills can help make you an effective business leader:

Communication Is Key

Good leadership is complete transparency and ensuring that all employees are in the loop with the activities in the business that could affect them. Imagine this: There have been retrenchments at a company. Of course, there is chatter amongst employees. No one has communicated anything, and now the rumours are running rampant throughout the office. This causes anxiety and distrust among staff members. 

In this case, good leadership is letting staff know about why the retrenchments have taken place (to help with rumour control) and to ease their uncertainty going forward. How you communicate this is also important. Will an email work? Perhaps, but maybe chatting to them in person would be better. 

When you communicate to employees, always be clear and concise – whether it’s in email form or face-to-face. You’ll find that employees will be more engaged and motivated once they share your vision. 

Be Very Supportive

When you think about leadership, the word ‘supportive’ isn’t the first thing that comes to mind. Traditionally, leaders would assign employees a task and have them run with it. With supportive leadership, it involves collaboration and continuous mentorship.

Why does this style of leadership work? There’s a saying that people leave bad managers and not a job. In today’s workplace, employees want to feel valued, supported, and work on something that will make an impact. Supportive leadership means that you are showing a general interest in the employees that work with you, and by doing this, you gain their loyalty. 

Be Empathetic

Traditional leadership would say that empathy is a weakness. However,  in today’s workplace, empathetic leadership can help cultivate a harmonious working environment. How do you lead with compassion? By really listening to your employees’ needs. This means paying attention to your body language, your tone of voice, and taking note of the emotional tone of your employees’.

Empathetic leadership also means being present and providing everyone with a voice to air their concerns. For those who lead traditionally, this could be a waste of time. However, by actively listening to your employees, you gain their loyalty, and in turn, they are motivated to achieve business goals. 

Excellent Decision-Making

As a business owner, you’ll be making plenty of decisions – everything involving finances to hiring. Some of the decisions will be uncomfortable, which is why effective decision-making is an essential skill within the leadership. 

So what does effective leadership decision-making entail? It means a leader will look at the facts and always explore the best options when it comes to a solution. A good leader will also be confident in their decisions and never procrastinate.  

The best way to gain these skills is to develop them. You can do this by practising in the workplace or by signing up for online courses to help build your leadership and management skills.

Tips from entrepreneurs for big business growth

business tips from entrepreneurs

As a startup company or an entrepreneur you can’t go into business blind. The following business tips from entrepreneurs will give you guidelines on how to run a successful small business. You need passion, an original product, motivation to excel and most of all, a desire to disrupt the current status quo of marketplace.

Business tips for Success

What makes a successful business? The answer will always lie within you. You need to embrace your strong points and excel in these areas. The top tips from entrepreneurs will always tell you to Mitigate weaknesses by filling the gaps with personal who are equipped to handle the stress points of your business.

Tips from entrepreneurs, find a niche and run with it

When asked, Lori Greiner said, “It’s a mix, right? Of smart marketing and ingenious product. For example, Scrub Daddy was a technology. So, taking that one sponge, which was revolutionary, changed the whole sponge arena. We now have, to date, 20 different SKUs, and we have 30,000 new retail locations and 170 million in sales. That’s what takes it from one idea to a global brand.”

These are the keys to business success. Tips from entrepreneurs can help you create the right product at the right time and implement it into the market in such a way that it changes the status quo, creating an outrageous demand for your goods or services.

You don’t need to reinvent the wheel

Tips from entrepreneurs stress that time is invaluable and if you focus on creating new management systems and computer software for a successful business model then you are wasting time. There are plenty of online business tools that you can make use of to run your business efficiently. This will save you time and money in the long run and will be a key factor in how to run a successful small business.

Keep your business at the cutting edge of marketing

According to Bethenny Frankel’s tips for entrepreneurs, she stresses the keys to business success lies in your marketing approach. The new-age world has changed the face of marketing, we now rely on Social Media to promote our goods or services. Social media is a key aspect to reach a global audience instantly. These business tips for success will empower your personal growth and allow your product or service to flourish in a new dynamic marketing space.

Reach out to people with a community approach

If you want to follow in the footsteps of greatness you need to take in top tips from entrepreneurs. Building a brand requires effort and long hours of research and development. Be different and acquire an audience to build a community around your product.  

Daymond John stressed the value of building a community. “You’ve got to build a community,” stated John. “Nobody needs to buy anything new in this world. They only buy it because there’s some form of community and/or need that you are supplying for them.”

John knows what makes a successful business, he was one of the first pioneers to create and build a successful clothing empire. John managed to do this by investing in celebrity endorsements, these keys to business success afforded the product with instant recognition, which essentially sold the company’s products effortlessly. John used influencer marketing and it paid off in dividends.

Follow your heart and your passion

If you follow these tips from entrepreneurs, you could soon find yourself in the driver’s seat of a multi-million dollar corporation. Follow these tips from entrepreneurs to create a winning business recipe that is successful. Remember to bring in your own unique methodology as the world is constantly looking for something different, give that to them and they will love you for it. Keep checking back on our blog page for more business related tips and advice.

4 reasons entrepreneurs need online education

online education

There are some serious time wasters on the internet, including cat memes and bad lip syncing videos. These are not necessarily all bad things; every man and his dog seem to have a YouTube channel and they make it work. However, as an entrepreneur, it is important to know that the internet is loaded with useful content and tools that can give you the leading edge in your career.

If you’re an aspiring entrepreneur, or if you are looking for an online entrepreneurship certificate, you probably already know that the internet is a leading tool that can be used to stay current and up to date in your industry. Online education is slowly changing how people enrich their lives. It is a platform that has the ability to empower the world, with mere fingertips required.

Startups and new businesses just taking off require the internet in their daily existence. Follow us on our journey of discovery within entrepreneur news, and see why you simply must be online at all times.

1. Consider the cost

Online courses are far less costly than traditional brick and mortar establishments offering various qualifications. With traditional establishments already cemented into the history books for producing world leaders, online platforms, like small business ideas and solutions, are swiftly establishing themselves as world-class institutions.

The fact that everyone has access to the World Wide Web is what makes online education such a powerful tool. Anyone can be taught at a University level and graduate with a short course behind his or her name, for a fraction of the price. This makes it far easier to stay relevant or even enter into the workplace.

2. Online courses are practical rather than theoretical

Online education is hands-on, meaning that it is driven by results. Online institutions like MasterStart operates with the intention of empowering people almost instantaneously. This means that what you learn online can be used in the workplace, right off the bat.

Rather than focusing on a ton of theory, online education aims at penetrating the core of a subject matter. Once the subject matter is clarified, the course can teach the participant the fundamentals and build upon that foundation weekly.

3. Technology makes learning fun

Technology hasn’t just influenced traditional classrooms, it has allowed the world to engage with content in new and exciting ways. Useful tools like worksheets, peer-to-peer discussion forums, and interactive presentations allow for a unique learning experience, which each individual can optimise accordingly.

4. The classroom is everywhere

One of the biggest advantages of learning online is that you can choose where you would like your classroom to be. As long as you have a stable and constant internet connection; it doesn’t matter where you choose to learn. You could learn from your bedroom or in the park. Modern technology has made learning anywhere possible and that makes online learning exciting, intuitive and responsive to anyone’s needs.

Wrapping up

Online education is slowly changing the world. As an entrepreneur, a corporation or an employee, new technology has the power to change your life. Keep up to date with the latest trends and stay relevant in your field. With AI and fully automated processing technology creeping into the workplace, it’s always important to keep yourself a cut above the rest.

In places like Africa, online education is essential. Technology has bridged the gap for millions of people that can’t afford to attend traditional establishments. This empowerment and upliftment not only makes online education an exciting space, it makes it a tool that is gathering momentum at a rapid rate.