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Leadership Skills Essential for Business Management

Leadership in business is a set of crucial qualities that can be part of a business’s success or failure.

From the lightbulb moment of a new start up business to a well-established multinational corporation, business management skills are the glue that holds a company together.

We know leaders need a certain charisma, business acumen and iron-clad knowledge of whatever industry they’re in, but what are the other key skills and qualities that leaders in business management need to hone to make a business successful?

Communication is Key

It’s all very well having an idea that could make it big, but getting that end goal effectively communicated to a team that will spend their days working to achieve it is absolutely crucial. Without effective communication between all areas of a business, things will get lost in translation and the end goal will be vague and unattainable.

Help your team work towards your ultimate business vision by being clear, honest and concise in your communication in the written and verbal form. Clarity and openness will instil trust in you as a leader. Be approachable and demand the same openness and succinctness from your team.

Confidence and the Will to Spread It

Confidence leads to inspiration, and inspiration leads to perseverance. Both having confidence in your own business acumen, your status as a manager as well as just the outward portrayal of yourself is essential for your company to get behind and support your cause.

Confidence is an attractive quality in any walk of life as it inspires trust as well as admiration.  You wouldn’t want to be led by a weak leader. Especially in times of difficulty and uncertainty, confidence is the fuel that can help a business pull through together. Confidence breeds confidence, so you’re leading by example.

The Ability to Delegate

Any manager will know the importance of effective delegation. Working to your team’s strengths can make for comprehensive and successful campaigns that can be highly rewarding for all involved. When work is allocated well, teams are happier and more productive, resulting in higher morale and better quality output.

Delegation functions as oil for the well-oiled business machine; every part of the structure is playing a part that contributes to the advancement of the business as a whole. Trusting your team to work towards a collective vision is part of the art of successful delegation. Know your team and be aware of how individuals contribute to the overall aims you’re driving forward.

A Forward Thinking and Positive Attitude

Inculcating a strong company ethos in terms of internal workforce interaction is an incredibly positive way of advancing in the business world. No one is productive when the prevailing attitude in a workplace is one of pessimism and gloom. A positive attitude doesn’t just mean in yourself; you must spread the positivity to your workforce.

Part of being forward thinking and spreading positivity outwardly in your workforce is to take an active part in your employees’ happiness at work. Look into the administrative ‘housekeeping’ and legalities like flexible contracts, maternity and paternity leave for instance, sick leave procedures, and any other aspect that contributes to the human side of your organisation.

Make sure your employees are being treated fairly. Incentives other than pay are an excellent place to make further improvements – perks like gym membership, healthcare and social events make the working environment more positive and therefore, stronger.

Creativity & Intuition

As a business manager, creativity may not be the first word you think of in a list of key characteristics. However, a creative leader can take a mediocre business and make it stand out head and shoulders above competitors. Lateral thinking and outside the box initiative are that rare spark that can ignite powerful change and light the fire of positive action.