18. Emotional intelligence:
The ability to understand and manage your own emotions and those of the people around you is crucial.
People with a high degree of emotional intelligence know what they’re feeling, what their emotions mean, and how these emotions can affect other people.
For leaders, this is essential for success.
19. Emotional control:
Similar to emotional intelligence, once you can understand your emotions, you can learn to control them.
The ability to stay calm, assess your self, then make adjustments comes down to simple self-control.
If you can control your emotions and reactions to the world, you can better control the outcomes.
Life is 10 percent what happens to me and 90 percent of how I react to it. – Charles Swindoll
20. Understanding of opportunity cost:
Leaders know that many situations and decisions in business involve risk and there is an opportunity cost associated with every decision you make.
An opportunity cost is the cost of a missed opportunity. This is usually defined in terms of money, but it may also be considered in terms of time, person-hours, or any other finite resource.
Great leaders understand the consequences of their decisions before making them.
Leaders should be humble by seeking out feedback and focusing on the needs of others.
You need to be open to people’s feedback and criticisms and know how to admit that you’re not perfect and when you’ve made a mistake.
There is no respect for others without humility in one’s self. – Henri Frederic Amiel
Discipline in leadership is less about punishing and rewarding others, but rather having self-control, inner calm and outer resolve.
A high level of determination and willpower play a significant part in your ability to be self-disciplined.
Sometime the best solution is right in front of us, but we are too close to see it.
Leaders know how to remove themselves from a situation and observe it from multiple perspectives with a open mind.
Unless you know the road you’ve come from, you cannot know where you are going. – African proverb
24. Risk management:
You need to identify, evaluate and address risks so you can positively affect the outcome by handling that risk in a best-suited way.
They often say, “there is now reward, without risk.”
But smart leaders know which risks to take and which to guard against.
25. Time management:
Great leaders know that time is their most valuable asset.
Leaders need to know how to effectively plans their time by knowing when and where to spend it; on your self, your business and family/friends.
Every road to success to filled with people who will find any reason to give you why it won’t work.
You need a healthy level of self assurance that gives you a practical (sometime impractical) sense of faith in your cause that drives you forward with no excuses, roadblocks or negativity holding you back.
Contrary to popular belief, age is not a measure of maturity.
I’ve worked with young leaders who act like men and old men who act like teenagers.
Maturity comes from being courteous, knowing how to communicate like an adult and being the bigger person in difficult situations.
Also, your confidence in your self and your ability to follow through without excuses are strong indicators of maturity.