5 Secrets of the Top 1% Most Successful Business Leaders in the World

Are you successful but feel burned out working 50-70 hours per weeks? Do you feel your business or company hitting the proverbial wall and plateauing in production overall? The most successful business leaders know working harder and longer hours are not the answer to overall business success and personal happiness. The following content is designed specifically to apply to multiple business industries, varied professional leadership positions and one’s own personal life. If these core concepts are learned and applied regularly in one’s own business and life, powerful positive results will result, and personal freedom and professional business success will be attainable again.

5 Secrets of the Top 1% Most Successful Business Leaders #1: Efficiency Does Not Equal Effectiveness.

Usually the most ‘busy” people in life are the least productive. Learn to live and work smartly. Time management is important – as a daily schedule. However, a daily schedule should only be a part of the long-term vision and planning formed in annual, monthly and weekly planners. Simply going to work and reacting to events that take place removes the control from your life and your business goals. It also adds extreme stress that can become unhealthy as it develops a vision that work and life circumstances are outside of our control. In fact, our circle of influence on areas of our life gives us as much control as we want. By using mental imagery and envisioning tough situations in your day or week before the happen – and how you will want to act, can help you anticipate conflict and keep the stress-level down and more in control of your actions and emotions.

5 Secrets of the Top 1% Most Successful Business Leaders #2: People Are Your #1 Asset.

Spend 20% of your time listening to your people and teams. Notice I said listening, not talking. This is on purpose. Try to make sure you are spending informal time “touching” and relating to as many team members as possible. Cultivate a relationship so they know you care about them as people first, employees second. In turn, they will start to see you the same way. Set aside scheduled time weekly to informally stop by or “make the rounds” visibly with your teams. Do not talk about work until they bring up the topic. Keep it light and personal.

5 Secrets of the Top 1% Most Successful Business Leaders #3: Your 2nd Most Important Asset is Your SELF.

– As the most important investment in your business – take care of yourself first. Balance is the key to everything. Make sure you touch on the 4 major areas of life every week: Physical, Mental, Social, and Spiritual (PMSS).

Try this exercise first: brainstorm for 5 minutes all of the roles in your life. Clearly define them and place them under the 4 above life areas (PMSS) – and see if you can place at least one role under each of these umbrellas. If you can’t – you may have discovered a root problem to your stress and imbalance already.

Rank your roles in one life list- #1 being the most important. Once you have prioritized your roles – spend 80% of your time in the top 20%. Make sure you are spending time weekly in each of the four categories – Physical, Mental, Social, and Spiritual as closely as you can. Keep balance for personal and professional health.

5 Secrets of the Top 1% Most Successful Business Leaders #4: Lead Leaders Not Followers.

This concept may take some explaining, but there is a critical difference in the above sentence that may have the single most impact on your overall business success. You will grow as an organization in numbers only if you add followers, but you will multiply and exponentially increase your ROI through duplication if you grow leaders. The old adage, “Give a man a fish, feed him for a day; but teach him how to fish and he will eat for a lifetime,” applies in principle here. If we tend to micro-manage our teams and people – we will create a bottle-neck in work process and flow. Our employees will become frustrated in our lack of trust as leaders in their capabilities to perform the tasks and solve problems without us.

We need to nurture and grow – teach and trust our people we rely on the most for personal and business success. Developing the aforementioned relationships with your people and getting to know them better will allow you to grow and help them in their weaker areas and take advantage of their strengths. As a leader your goal should be to guide and develop all your people on your teams to reach their maximum leadership capabilities individually. As their talents grow – they will take on more responsibilities – in line with the company vision and mission – and most importantly free up your time to work on income-producing activities.

5 Secrets of the Top 1% Most Successful Business Leaders #5: System, Process, People = Automation

A well-known vision and mission for your company and a system of “how we get work accomplished here” are foundations of the most successful business leaders worldwide. Your employees should take an active role in the process of forming the company mission, vision, and system. As the leader you can guide them through the process of where you want to take them and still build the trust and empowerment. All people will believe in you as the leader if you believe in them first. The key is employee trust and buy-in that is developed over time by empowering them in their roles, trusting them with appropriate decisions without you, and allowing them to participate or “have a voice” when company decisions are made. This trust and empowerment will dramatically improve your company’s work culture, employee motivation will become internal instead of external, and your retention numbers will soar as a result. People will WANT TO work for you as a leader.

***If you found these concepts helpful – feel free to find similar resources and helpful tips by checking insights and stories from other top 1% business leaders, entrepreneurs, and worldwide success stories: www.entrepreneurs-life.com

Reducing Training for Business Leaders Causes More Problems

Training for business leaders has become a growing concern among companies. Businesses are seeing negative results when leadership skills are not consistently improved. This is because ineffective leadership directly affects a businesses bottom line. Every mediocre decision has a ripple effect which leads down to the lowest level employee. As resources are wasted, company profits decrease. Economic conditions have caused many companies to decrease employee training budgets. These changes directly result in a lack of management skills. Without continued skill enhancement, it is harder for companies to expand appropriately. Enhanced leadership expertise creates competitive edge through the application of well thought out business decisions.

What happens when training is cut due to changes in the economy? Management focus does a complete flip. Leaders tend to focus on innovative ideas which can move the company forward. The goal is continued growth. However, the focus moves toward processes for sustaining current success as these tools are stripped from management. Innovation is removed from the picture. Leaders have to motivate employees to be forward thinkers. If they are not motivated themselves, it is very difficult for them to give employees the positive push they need to accomplish more. Troubled times or not, training is an essential tool for businesses to groom both leaders and their general staff. Managers learn new ways to create better staff performance. They can apply different techniques for varying individual personalities to achieve a highly productive work force. Companies get more by supplying the tools leaders need create success in the workplace.

Facilitation Courses Provide Motivation and Direction

Consider what happens during hard economic times. Employees become very concerned about the status of their positions. This stress reduces overall morale within the company. Leaders who do not receive appropriate training cannot guide employees in a positive direction. This decreases productivity. Compare the process to a plant not getting the nutrition it needs to blossom. Managers are not receiving the nourishment needed for all staff members to thrive within the company. Instead they are being starved. This negatively impacts a business by inhibiting the innovation needed for proper growth. Facilitation courses are the nourishment for leaders to motivate their staff. The application of superior leadership skills is capable of improvements within a matter of hours or days.

Management training can include topics such as team building, individual goal setting, goal alignment, and planning. This type of training creates a drive among managers. They want to apply the learned techniques to improve the ambition of their own staff. Motivation allows every employee to feel like they are working toward a goal instead of just performing a daily job. Business owners are beginning to realize that cutting training is not a good idea even when the economy is suffering. Training is an investment which provides future success. Look for specific topics when seeking an effective program. Topics may need to be tailored to your company’s exact needs. Connecting with the staff, improved listening and feedback, or becoming a better leader are all rewarding courses. This training can reduce negative outlooks of individuals, offer beneficial tools, and motivate staff members to take charge for the success of the company.

Why Business Leaders Scare People

When it looked like Donald Trump was going to throw his hat into the presidential ring not long ago, it electrified everyone including his supporters, opponents, and the Main Street Media. His blunt talk was refreshing to his supporters and scared the hell out of everyone else. The Main Street Media went right to work undermining his bid as they started to believe he could take down the president. He was ridiculed for everything from his hair, to his clothes, to his talk. The fact remains though, Trump scared them to death. Now I am not here to defend Donald Trump or explain his exit from the political stage. I’m not even a fan of his popular television show, “The Celebrity Apprentice.” It is his image as a successful businessman who wanted to correct the ills of the country, and the reaction that ensued, which intrigues me. This is not so much about Trump as it is about any business leader who would want to be taken seriously on the political stage.

Aside from the Bushs, who had a relative smattering of business dealings, there hasn’t been a major business leader or industrialist who has served the country as president in a long time (if ever). Frankly, such people are not willing to take a pay cut; besides, they can probably do more for the country behind the scenes as opposed to in the public limelight.

The biggest problem with a businessman like Trump is his image as a fat cat capitalist tycoon who has little concern for the average Joe, at least that is the picture painted by the media as someone out of touch with the people. It is this image, right or wrong, that scares people to death and puts socialists on the warpath.

People tend to overlook the elements which make a business leader successful. His opponents will depict him as someone corrupt who will go to any unscrupulous length to get his way, that simple greed is his motivation. Capitalism certainly has no monopoly on greed and socialists are every bit as corrupt if not more so, but I digress. The unique elements making a business leader successful is threefold:

1. Is entrepreneurial in spirit, a visionary who knows how to recognize opportunity and capitalize on it and in the process is willing to assume risk. He/she is a gambler who knows how to calculate the odds.

2. Knows how to get things done. More than possessing academic knowledge, such a person usually possesses an unusual amount of practical “street smarts.”

3. Knows how to make hard decisions. A true business leader understands he is in the business of solving problems, not running from them. Yes, he will delegate some decisions and ask for advice from others, but he also understands the buck stops with him and will go to great lengths to see the business not only survives but prospers as well. Hopefully, he understands the best business deal is when all parties involved prosper.

It’s this last element which scares the public. Whereas others agonize over making a decision, the business leader knows how to define and weigh pros and cons, calculate the best solution to benefit the enterprise, and make a decision. It is called “business” and some people are simply jealous of those equipped with the faculties to take rather large and complex issues and make some rather commonsense decisions. It is not the fear of a ruthless dictator which scares people; rather, it is the envy of someone who knows how to consistently make a logical decision, not an emotional one which most people tend to embrace. Further, when a decision is made, business leaders do not necessarily sugar coat their rationale which tends to make them appear abrasive to others, thereby creating fodder for the Main Street Media.

Right now, the country has some rather massive problems we urgently need to address, particularly in the areas of economics and entitlements. Hard decisions need to be made which is the forte of a business leader to make, not a politician. Like it or not, our world is about to change, and I would much rather have a business leader at the helm steering the ship, as opposed to someone who doesn’t understand what it means to work for a living.

One last element that disturbs some people is that business leaders tend to be capitalists, not socialists. For obvious reasons, this scares the left, including the Main Stream Media. Make no mistake, this next election is about two extremes: capitalism versus socialism. Whereas the former defends the concept of the free enterprise system and smaller government, the latter is the antithesis.

I may not be an advocate of Donald Trump, but I am a proponent of electing government officials who have some business moxie about them. They certainly shouldn’t be feared as much as the political nincompoops who got us into this mess.

I am reminded of Calvin Coolidge who said, “The business of America is business.” As a capitalist, I would certainly like to see us turn back in this direction.

The Future Business Leader

Whilst the basic qualities of a great leader have not changed much over the ages, the emphasis on certain qualities over others have evolved in accordance with social imperatives and cultural values. Considering the challenges facing today’s business leaders in a global knowledge-based economy, a new set of qualities is going to define the most effective leaders of tomorrow.

In today’s business environment where intellectual properties, creativity and innovation are real competitive advantage, the emphases on human interactions qualities have never been greater. As market conditions and technologies evolve at an astonishing pace, today’s organizations and future business strategies must adapt accordingly or risk of becoming irrelevant. Consequently, the leaders of the future will need to master the art of managing and leading change.

Today’s business leaders are therefore responsible for shaping the future organization, and the need for visionary leaders with superior attitude and belief, who are willing to acquire new skills and new mindset, with the ability to translate their vision into results, could not be over emphasized. Therefore, tomorrow’s leaders will need to identify and seize new possibilities created as emerging markets and new technologies take center stage in the global economy.

The future organization would require new type of leaders, a leader that is willing to give up the industrial age leadership mentality in favor of new style that’s more appropriate for the knowledge age, who is able to build successful organization with sustained superior financial performance, intense customer loyalty, inspired and motivated workforce that offer full potential and distinctive contribution in the market place.

Although vision, inspiration, communication and humility still form the core of any leader, the function of future leaders are to inspire trust amongst employees, superiors and peers alike, to develop clear purpose and clarify the goals and contribution of each team members towards such goals, to build aligned organization and processes that facilitate rather than hinder progress, to value talents and to be able to unleash the full potential of the whole workforce.

Today’s uncertainties on the regional and global levels necessitate the need for leaders to search for better ways and techniques to address and mitigate risks, as well as to identify opportunities that embodied in a dynamic environment. Leaders who are merely trying to survive, as opposed to plan for future growth, are doomed to fail, whilst successful visionary leaders adapt, innovate, harness opportunities and subsequently succeed.

In pursuit of success, a future leader is expected to draw a healthy balance between business and technology; whilst harnessing opportunity of emerging markets; finding ways to embrace and institutionalize innovation; creating a lean and quality organization; and most importantly aligning employees with business objectives.

Leaders view challenges as new opportunities in disguise and their role is to harness them and create and develop more leaders within their organization to lead in their perspective areas. For example, the need for environmental friendly or socially responsible businesses could drive organization to become more efficient and cost effective, and could attract best available talents who share its values.

As long as leaders have a clear vision, team doesn’t mind going through the challenge provided they are aware of the end result, bearing in mind that the quality of any vision depends on its appeal, how imaginative and most importantly how accurate. The biggest message a leader of the future can give his people is that of confidence and positive forward momentum, which is typically reflected in the way leaders act and behave.

Embracing the challenges associated with leadership; such as setting aspirational targets, spearheading change and inspiring the workforce, shouldn’t impact the leadership willingness and commitment to create value that contribute to all stakeholders, and the society at large. The creation of value and meaning to the lives of others can be most rewarding.

The current crisis of regional leadership could be attributed to the fact that today’s leaders are unable to acquire the required skills or develop new mind sets to deal with a knowledge-base age, and shifted away from the core leadership qualities to became hostage to short-term success; one can’t be a leader if only obsessed with short-term performance, as opposed to strategic thinking of how to improve stakeholders’ interests; including the interest of customers, employees and the society at large.

Future regional leaders are therefore expected to master change management as markets and technologies shift and advance, to identify and seize new possibilities and opportunities created in the new economy, to inspire trust and motivate others to work as teams to achieve common goals and finally to create and operate lean organizations that optimize efficiencies and address the needs of all stakeholders.