{"id":3484,"date":"2019-05-09T13:42:38","date_gmt":"2019-05-09T18:42:38","guid":{"rendered":"https:\/\/08925f71d5.nxcli.net\/blog\/?p=3484"},"modified":"2019-05-09T13:42:38","modified_gmt":"2019-05-09T18:42:38","slug":"master-effective-leadership","status":"publish","type":"post","link":"https:\/\/www.harveker.com\/blog\/master-effective-leadership\/","title":{"rendered":"Master Effective Leadership and Your Business Will Make You Rich"},"content":{"rendered":"

Have you ever had a boss who was a real jerk? The kind of person that criticizes everyone, refuses to listen, and takes all the credit for your work? <\/span><\/p>\n

Or how about a boss who can\u2019t make decisions? They overthink everything, don’t give clear instructions, and then micromanage everyone?<\/span><\/p>\n

These kinds of leaders make life and work a lot LESS FUN. And these are just a couple of ways people in charge fail to provide effective leadership.<\/span><\/p>\n

It\u2019s a shame because leadership shapes every aspect of our world. Civilization couldn\u2019t exist if people didn\u2019t cooperate. But that can only happen when we agree on what to do.<\/span><\/p>\n

Leaders are the people who manage our group agreements. And when leadership skills are lacking, everyone suffers.<\/span><\/p>\n

There are lots of effective leadership styles. But the best leaders<\/span><\/a><\/span> share some common principles. You can use these insights to boost the success of your team or business and make your own life a whole lot better.<\/span><\/p>\n

You don\u2019t even have to be the one in charge to practice leadership. If you’re a freelancer or an employee, effective leadership skills can help you stand out and get ahead. They can even improve your personal life! <\/span><\/p>\n

Let\u2019s take a look at how effective leadership can be the key to your success. <\/span><\/p>\n

Signs You May Need To Amp Up Your Leadership <\/span><\/h2>\n

You can tell a lot about the leadership of a group by the way its members feel and interact. Great leaders create great cultures that people enjoy being part of.<\/span><\/p>\n

Enthusiasm is strong, and things get done. When mistakes or failures happen, they become learning moments. That way, everyone can do better the next time.<\/span><\/p>\n

When people feel frustrated and drained on a regular basis, there\u2019s usually leadership issues involved. Two of the most common problem areas are accountability and communication.<\/span><\/p>\n

Lack Of Accountability<\/span><\/h3>\n

\u201cA body of men holding themselves accountable to nobody ought not to be trusted by anybody.\u201d <\/span><\/p>\n

– Thomas Paine<\/span><\/p>\n

One of Harv\u2019s top principles of success<\/span> is that your word must become law. Leaders who don\u2019t keep their word fail to model accountability. And when they don’t ensure others follow through, group members can’t rely on each other.<\/span><\/p>\n

This creates a lot of confusion. Balls get dropped, and deadlines get missed. Everyone blames somebody else. People might struggle to get tasks done, or they might not even know what needs to get done!<\/span><\/p>\n

As a result, a new crisis pops up every minute. There\u2019s constant pressure to run at full speed or<\/span> to put out the next fire, so everyone gets tired and frustrated. Everything takes more time and energy than it should. So there\u2019s no opportunity to figure out how to do things efficiently. <\/span><\/p>\n

The stress over long hours, day after day, can eat away at productivity, enthusiasm, and even health.<\/span><\/p>\n

Another way leaders can fail in accountability is by focusing on their own interests at the expense of group members or the good of the organization. <\/span><\/p>\n

For example, former Sears CEO Eddie Lampert<\/span><\/a><\/span> was criticized for years for focusing only on shareholder benefit and ignoring the needs of both customers and employees. In the wake of Sears\u2019 recent bankruptcy, Lampert is being sued for repayment<\/span><\/a><\/span> of \u201cbillions of dollars of value looted\u201d from the company.<\/span><\/p>\n

Communication Breakdown<\/span><\/h3>\n

Communication suffers when leadership is lacking. Critical information is often unclear or missing. Misunderstandings and disagreements become common. And people can\u2019t be sure what the goals are or how best to achieve them. <\/span><\/p>\n

A leader doesn\u2019t have to be in charge of organizing and sharing information. But if they aren\u2019t making sure someone is, you end up with a five-person subcommittee meeting to decide whether to use a semicolon or an en-dash (Here, let\u2019s save you some time \u2013 screw semicolons. Use the freakin dash). \u00a0<\/span><\/p>\n

Communication style<\/i> can also cause problems. For instance, if leaders criticize or belittle<\/span><\/a><\/span>, others might copy them. That creates a miserable environment where nobody wants to talk to anyone.<\/span><\/p>\n

Being respectful is just a starting point. It’s also important for leaders to understand that people have different ways of talking about ideas. Some people tend to be analytical, and others are more intuitive. When leaders don\u2019t find ways to bridge these differences, it can be hard to get anything done. <\/span><\/p>\n

So you can see that poor leadership creates a poor culture, but what does that mean in real terms? What\u2019s the cost of letting these conditions persist?<\/span><\/p>\n

\"\"<\/p>\n

Why You Should Make Leadership Development A Priority<\/span><\/h2>\n

If leadership issues don\u2019t get addressed, they can create all kinds of problems and spiral out of control.<\/span><\/p>\n

Stress and Discouragement<\/span><\/h3>\n

Motivation goes down, and performance suffers. Productivity and efficiency plummet, so everything costs more. Projects don\u2019t get finished on time. And problems go unsolved. Basically, everything starts to suck.<\/span><\/p>\n

When this happens in your business, you might feel overwhelmed like you don\u2019t have any support. It may feel like your team isn\u2019t following through. But they might feel helpless to change things.<\/span><\/p>\n

Customers start to notice the decline in quality and feel let down. They\u2019re not getting what they were promised. So sales drop and customer retention start to nosedive. <\/span><\/p>\n

In the case of Sears, Lampert refused to invest in its stores but instead used funds to buy back stock shares. Sales dropped steadily for years, because who wants to shop at an ugly, outdated store where everyone\u2019s unhappy? <\/span><\/p>\n

Financial Squeeze<\/span><\/h3>\n

Revenue and profit start sliding. Financial targets get missed. <\/span><\/p>\n

The lack of money makes it more difficult to achieve goals or make changes. The business struggles to keep its head above water, let alone grow. Lampert started selling off core company assets just to fund daily operational expenses.<\/span><\/p>\n

If you\u2019re a small business owner, this type of situation can put you in a bind. You aren\u2019t earning the money you want. But if you want out, it could cost you. You might have trouble selling the business for what you want (or at all) because it\u2019s not structured as a good investment.<\/span><\/p>\n

The ship is sinking, and there are too many holes to plug.<\/span><\/p>\n

System Collapse <\/span><\/h3>\n

Anything not growing is dying. Unless things change, there\u2019s bound to be some kind of collapse. Jobs disappear, departments get shut down, and businesses fail. <\/span><\/p>\n

Sears had made it through two world wars, the Depression, and even the rise of e-commerce. Poor leadership is what ultimately killed it.<\/span><\/p>\n

Here\u2019s another example \u2013 one of our team members used to work in the marketing department of a large company. Managers antagonized their workers and squashed innovation… even when it made the company money! Major projects were often dropped on people\u2019s laps at the last minute with almost no instruction. \u201cAre you done with that 50-page catalog that\u2019s due in three days?\u201d \u201cWHAT catalog?!\u201d<\/span><\/p>\n

One day (while on vacation at Disneyland!), she got a call saying that the whole marketing department was getting axed. And that was just the beginning \u2013 the entire company has since dissolved.<\/span><\/p>\n

\"\"<\/p>\n

Great Businesses Grow From Effective Leadership<\/span><\/h2>\n

If the results of poor leadership sound about as fun as a bonfire made from your life savings, there\u2019s good news. Great leadership can get you substantial results on the positive side. <\/span><\/p>\n

Happier People, Creativity, and Synergy \u00a0<\/span><\/h3>\n

Effective leadership creates an environment of safety, creativity, and positivity. People enjoy working together and feel a sense of loyalty and belonging. Morale and trust go up.<\/span><\/p>\n

Group members know what\u2019s going on and what everyone\u2019s role is. So they can access and share information as needed to get the job done. Productivity goes up and costs go down.<\/span><\/p>\n

When people feel appreciated and included, they are more engaged. Everyone gets along better and cooperates to improve things for each other and the group. They offer new ideas for cutting costs, streamlining work, and serving customers. Stronger motivation and enthusiasm means problems get solved faster and better.<\/span><\/p>\n

A positive group vibe improves quality of life AND work for everyone.<\/span><\/p>\n

Profit and Growth<\/span><\/h3>\n

With improved systems and reduced costs, profits can soar. And this doesn\u2019t only mean money. Whatever you\u2019re hoping to gain, great leadership will help you get more of it. That can include reputation, goodwill, and new opportunities.<\/span><\/p>\n

Effective leaders strive to create continuous improvement. They test new ideas and track results, building on every success. As a result, the organization can grow and evolve.<\/span><\/p>\n

As a counterpoint to the Sears disaster, another retailer has created amazing success through their emphasis on providing great leadership. For example, The Container Store prides itself on taking care of employees and customers. <\/span><\/p>\n

They offer higher wages and more benefits than similar companies. And during the Great Recession of 2008, while others were laying people off left and right, they found creative ways to keep people employed. <\/span><\/p>\n

This created a huge amount of loyalty and engagement, and the results show. They had a highly successful IPO in 2013 and consistently rank among the top U.S. companies to work for.<\/span><\/p>\n

Here\u2019s What Great Leadership Looks Like<\/span><\/h2>\n

Effective leadership involves both an attitude and specific traits. Together, these help you guide and influence others to do and be their best. The organization as a whole, benefits, as well as the individuals involved.<\/span><\/p>\n

How Leaders\u2019 Attitudes Affect Their Success<\/span><\/h3>\n

Poor leaders<\/b> are either too strong or too weak. The strong dominate others and use force to get their way. They rule by fear and criticism. And they piss people off. If they are successful, it\u2019s short-lived as the emotionally toxic environment they create usually ends up undermining their goals. Poor leaders often face heavy criticism, and even legal action (like Lampert).<\/span><\/p>\n

Weak leaders can struggle to make clear decisions. They don’t direct people effectively or hold them accountable for their actions. They don\u2019t inspire confidence or garner respect.<\/span><\/p>\n

Good leaders<\/b> get people to do things their way, and they get the job done. They make tough decisions and do what they think is best for the organization. But often they don\u2019t inspire people or earn loyalty.<\/span><\/p>\n

They might treat people with basic respect but likely don\u2019t get too close or invite much creative input. They can lack vision or the ability to think outside the box. So they fail to adapt and miss opportunities to grow.<\/span><\/p>\n

Great leaders<\/b> take an active interest in their people. In turn, their people take an active interest in them as well as in the group\u2019s success. These leaders help others grow and develop. Everyone has the opportunity to come up with their own best ways of supporting team goals. <\/span><\/p>\n

Effective Leadership In Action<\/span><\/h3>\n

Now let\u2019s look at some key traits of rock star leaders. Here\u2019s how they get enthusiastic buy-in and create an environment of trust, dedication, and ingenuity.<\/span><\/p>\n

Open and Clear Communication<\/b><\/span><\/p>\n

Effective leaders are master communicators<\/span><\/a><\/span>. They\u2019re assertive about their views and ideas. And they use clear and specific language to make sure they\u2019re understood. <\/span><\/p>\n

They also know they don\u2019t have all the answers. They surround themselves with smart people. And they remain approachable so people will feel comfortable offering their own great ideas. Top leaders know how to listen. <\/span><\/p>\n

Focus and Prioritization<\/b> <\/span><\/p>\n

Some of the greatest business turnarounds of all time have happened because new leaders came in and refocused the company\u2019s efforts. <\/span><\/p>\n

When Steve Jobs rejoined Apple<\/span><\/a><\/span> in 1997, he jettisoned most of their product line. The company was on the verge of bankruptcy when Jobs took over and set it on its new path. <\/span><\/p>\n

Biographer Walter Isaacson quoted Jobs as saying, “Deciding what not to do is as important as deciding what to do.” Under his direction, the company streamlined its efforts. They focused on a few core products and services… and soon became one of the fastest growing companies in the country.<\/span><\/p>\n

How did it turn out? In 2018, Apple became the first U.S. company ever to reach a $1-trillion valuation. <\/span><\/p>\n

Integrity<\/b><\/span><\/p>\n

Leaders with integrity<\/span><\/a><\/span> elicit more trust and serve as role models for their followers. <\/span><\/p>\n

Working with integrity means being honest with yourself and the people you work with. You focus on your strengths and know your limits. And you admit your mistakes. <\/span><\/p>\n

It also means having some transparency… about yourself, and the organization. <\/span><\/p>\n

For example, some business owners have an \u201copen-book\u201d policy. They share financial info with employees on a regular basis and show how they\u2019re investing in things that benefit everyone. That way, everyone feels like they\u2019re included. So they want to help more.<\/span><\/p>\n

Appreciation and Encouragement<\/b><\/span><\/p>\n

\u201cNothing else so inspires and heartens people as words of appreciation. You and I may soon forget the words of encouragement and appreciation that we utter now. But the person to whom we have spoken them may treasure them and repeat them to themselves over a lifetime.\u201d<\/span><\/p>\n

\u2013 Dale Carnegie, How To Win Friends and Influence People<\/i><\/span><\/p>\n

People don\u2019t just like appreciation. They hunger<\/i> for it. And if you can give it to them in an honest way, they\u2019ll like and trust you more. They\u2019ll be more willing to listen, and they\u2019ll do better work. <\/span><\/p>\n

It\u2019s no coincidence that the word \u201cappreciate\u201d also means \u201cto increase in value.\u201d When you appreciate others, you increase how valuable they seem to you… AND how valuable they themselves feel. And what\u2019s really cool is, they\u2019ll strive harder to live up to that value.<\/span><\/p>\n

Motivation and Accountability<\/b><\/span><\/p>\n

Praise and appreciation can go a long way in motivating people. But what about when people make mistakes or don\u2019t follow through? Effective leaders know how to hold people accountable.<\/span><\/p>\n

Great leaders offer clear rewards for great performance… and will set consequences for shoddy work. But they don\u2019t necessarily dictate these terms. They talk things over with their people and get agreement ahead of time. <\/span><\/p>\n

That way everyone knows what their role is and what’s expected of them.<\/span><\/p>\n

Great leaders also keep themselves accountable to their team. They honor their word, follow through on promises, and fix mistakes. They live up to the same standards (or higher!) that they hold others to. <\/span><\/p>\n

Managing Challenges <\/b><\/span><\/p>\n

Any change within a business or the market it serves can create challenges. Sometimes, despite great planning and effort, results just don\u2019t materialize. Effective leaders don\u2019t freak out when things go wrong. They maintain a positive presence<\/span><\/a><\/span> and work to turn problems into opportunities.<\/span><\/p>\n

They also diffuse conflicts among their followers, which can crop up when people have different views or working styles. <\/span><\/p>\n

Like Nick Fury in The Avengers<\/i>, who transformed a bunch of misfit heroes into an elite fighting team, top leaders help people resolve differences and find the best ways to work together. So they can save the freakin\u2019 universe.<\/span><\/p>\n

Responsible Innovation<\/b><\/span><\/p>\n

If you want your organization to grow, you have to embrace innovation. Leaders who foster it can reap huge rewards and ensure the longevity of their enterprise. But on the flip side, new ideas need testing before lots of resources get allocated to them.<\/span><\/p>\n

Top leaders know better than to chase every new shiny object that comes along. But they keep an ear to the ground and invite new ideas.<\/span><\/p>\n

Leading From Wherever You Are<\/span><\/h3>\n

You don\u2019t have to be an official leader to embrace any of these traits. Any time two or more people are interacting, there\u2019s room for leadership. <\/span><\/p>\n

You can lead your coworkers, your spouse, your neighbors\u2026 even your boss!<\/span><\/p>\n

Remember to stay positive and listen, and give credit where it’s due. Offer appreciation and provide accountability (in a nice way). <\/span><\/p>\n

And whenever other people are going bananas because of some problem… you can lead simply by keeping your cool and being the adult in the room. <\/span><\/p>\n

Lead Your Way To Wealth In Business<\/span><\/h3>\n

To run your own business, you need effective leadership to succeed at even a modest level. And it\u2019s essential<\/i> for building the <\/span>kind of business that will make you rich.<\/span><\/p>\n

If that\u2019s your goal, you have to be able to count on others to run things for you, which means you need to systemize and delegate. Motivating and empowering your team to handle everything will let you remove yourself from the picture. When your business can run smoothly without your involvement, you\u2019ve achieved a high level of leadership kung fu. <\/span><\/p>\n

That\u2019s how you\u2019ll get rich and amplify your impact in the world. And then you\u2019ll get to enjoy life as you wish. <\/span><\/p>\n

Whatever your goals, developing strong leadership skills will help you accomplish them. We\u2019ve done our best, to sum up some of the most important concepts about leadership, but of course, there\u2019s A LOT more to say.<\/span><\/p>\n

\"\"<\/p>\n

So, tell us your<\/i> thoughts! What do you consider the most important traits of effective leaders? Who are your favorite leadership role models? Share in the comments!<\/span><\/p>\n

For Your Freedom,<\/p>\n

\"6<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Have you ever had a boss who was a real jerk? The kind of person that criticizes everyone, refuses to listen, and takes all the credit for your work? Or how about a boss who can\u2019t make decisions? They overthink everything, don’t give clear instructions, and then micromanage everyone? These kinds of leaders make life…<\/p>\n","protected":false},"author":5,"featured_media":6024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[12,17,35,20,19,2],"tags":[53,92,21,69,44],"class_list":{"0":"post-3484","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-entrepreneurship-2","9":"category-leadership","10":"category-make-more-money","11":"category-money-and-finance","12":"category-popular","13":"tag-business","14":"tag-harv-eker","15":"tag-millionaire-mind","16":"tag-money","17":"tag-success","18":"entry"},"yoast_head":"\nMaster Effective Leadership and Your Business Will Make You Rich - T. Harv Eker Blog<\/title>\n<meta name=\"description\" content=\"When leadership skills are lacking, everyone suffers. Continue reading this article to learn how to master your leadership skills.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.harveker.com\/blog\/master-effective-leadership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Master Effective Leadership and Your Business Will Make You Rich - T. Harv Eker Blog\" \/>\n<meta property=\"og:description\" content=\"When leadership skills are lacking, everyone suffers. Continue reading this article to learn how to master your leadership skills.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.harveker.com\/blog\/master-effective-leadership\/\" \/>\n<meta property=\"og:site_name\" content=\"T. 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