BusinessEntrepreneurLEADERSHIP

What Are the Five Fundamental Leadership Skills?

Let’s face it. The essence of a business is meeting peoples’ needs. Employees, lenders, investors, customers, and members of society are people with different needs. The most successful businesses understand this and they do their best to meet these needs. For a business to do this, it has to satisfy its own needs first. It needs to attract and satisfy customers.

Employees need to be recruited, hired, and trained. It needs a way to track its finances. For all these to happen, a business needs leadership. The qualities of leadership enable businesses to meet the needs of people who depend on it for security, convenience, and livelihood.

The real work of an entrepreneur is to rise to the challenge of developing the leader within. Businesses stagnate when entrepreneurs fail to cultivate leadership skills. During this time, it will start draining the life out of everyone who interacts with it including you. But this doesn’t have to happen. With effective leadership, even a stagnant enterprise can be brought back to life.

Leaders: Are they born or made?

The majority of people believe that leadership is something innate – you either have it in you or you don’t. While some people are born with different leadership traits, being a true leader involves much more than genetics. Leadership is a combination of a wide range of skills that can be learned and perfected through practice by anyone willing to invest their time and energy.

Being an entrepreneur is not enough to create a successful business. You have to direct your passion and energy. And this requires leadership. Leadership is the only thing that transforms your vision into reality. In a small enterprise, the entrepreneur, owner, and leader are the same person. Therefore, it is important to cultivate leadership skills that will help you build and manage a small business successfully.

What is leadership?

Business leadership looks like a thing of style on the surface. However, when you get to its core, leadership is not about style. It is about vision, spirit, and action. These three ingredients are the essence of leadership. Leadership involves knowing what to do, how to do it, and persuading others to achieve what you want.

Leadership style is largely influenced by personality. There are low-key leaders as well as charismatic and aggressive leaders. How effective they largely depend on how well they carry out leadership. Keep in mind that style doesn’t get anything done or create a vision. Leadership is something that can be acquired and learned. Here are the five core skills of leadership:

  1. Communication

Words have the power to inspire and motivate teams. Therefore, you shouldn’t be surprised by this skill topping our list. According to the Center for Creative Leadership, the ability to communicate ideas and information is one of the most essential skills that leaders need to be successful.

A large part of communication involves effective listening. Leaders who listen attentively make their team members feel important and respected. It also creates an open and positive working environment. Therefore, you need to ensure that there’s a steady flow of communication in your organization by always being available for your employees. Communication also extends to encourage discussions, build trust, and create a long-term vision.

  1. Creativity

In our dynamic and challenging world, leaders need to think out of the box and make creative decisions. For this to happen, they need to learn different approaches to solving problems and use their imagination, critical thinking, observation, and open-mindedness to deliver innovative ideas and solutions. To get ahead in our fast-paced world, leaders need to be creative and innovative.

Creative thinking and innovation will make you and your team stand out. Thinking creatively will help you transform your goals and ideas into reality. Employees are usually inspired by leaders who don’t always go for the safe option to discover what works for the organization. As the popular saying goes, there is no success without failure.

  1. Motivation

Leaders need to inspire their employees to take the next step. This is why managing people is more important than duties or tasks. This doesn’t mean that tasks have no importance. However, a large part of being a leader is inspiring and motivating people to do their work well.

Leaders must know what motivates their team members to boost their productivity and performance. And this will only happen if they find time to know them. Some of the best ways to motivate your team members are by building self-esteem through rewards and recognition and by giving employees more responsibilities to keep them engaged. A leader with a motivated team can delegate tasks easily while providing clarity and direction to ensure that team members follow their lead and keep them motivated.

  1. Positivity

A positive attitude will go a long way in ensuring that employees feel respected. It builds interpersonal relationships which in turn boosts productivity and performance. A positive atmosphere can be developed through positive reinforcement, appreciation, team building activities, and acknowledgement of individual and team achievements. A positive atmosphere will encourage employees to work longer and harder when needed.

  1. Feedback

To become a good leader, you have to be ready to lead in every area including those that are not easy. To promote your business, you need to rely on feedback from your employees and clients. Being open to receiving feedback will help your team members respect you and delegate tasks more effectively.

Conclusion

The primary purpose of being a leader is leading others somewhere. You need to know where you are going with your enterprise and stakeholders. Remember, great leaders are not born; they are made. You’ll become a great leader by developing and improving the skills that we’ve discussed in this article. You are going to make a lot of mistakes along the way. However, when you learn from them, everyone on your team will move forward.

Author Bio:

Leon Collier is a blogger and assignment writer at college essay writing service and essay writing service UK from Edinburgh, who loves to write about everything: pop-culture, history, travel, self-development, education, marketing. When not writing, you can find him behind a book or playing tabletop games with his friends. Follow him on Twitter @LeonCollier12

Photo by Roland Samuel on Unsplash