5 Business Lessons We Can Learn From the World’s Leaders
| 4 minutes read
If you are an entrepreneur and want to become successful, you need guidance, support, inspiration, and resilience. Every entrepreneur makes mistakes in their entrepreneurial journey, so it becomes important for founders to learn from the world’s leaders.
Leadership is not for everyone, especially for the faint-hearted founders. If you can’t bear the loss, do not step into the leadership world. However, effective leadership is extremely important for the modern world of technology companies and is also crucial in decision-making. Remember the formula of success, “Better leadership leads to better results.”
To avoid loss, we can follow and learn from top-class world leaders. So let’s utilize the time and learn some helpful business lessons from top leaders without further adieu.
1. Develop a culture of empowerment
David Hassell, the CEO of 15Five, believes so much in the power of transparency, authenticity, and vulnerability to uplift a company’s culture and increase employee engagement that he started his own business to champion these ideas. He actively contributes to the company’s mission to help organizations reach their full potential through employee growth. He knows that creating a thriving, high-performance culture—one in which every employee is committed to the company vision and truly wants to do their best—relies on promoting individual development. Employees need to feel your investment in them if they’re going to invest in the business meaningfully. In short, make them realize how important you’re to the company and why the company has invested in your talent? Grow the trust amongst employees. Forget the hire and fire concept in your company.
Related: How to Manage Your Startup During an Economic Downfall?
2. Build resilience
Leading a team strategically is more than having state-of-the-art computers, a core mission, or a compelling business model. While all of these certainly help a business thrive, a team’s true resilience comes from its ability to respond to adversity and disruption with innovation and integrity.
There are few more resilient leaders in our history books than Nelson Mandela. After serving 27 years in prison for fighting the apartheid government, the latter became South Africa’s first president to be elected in a fully representative democratic election in 1994. His famous quote, “It always seems impossible until it’s done,” speaks of the power of resilience. He has become a valid symbol of stability for many business leaders, highlighting the strength in all of us to endure and persevere in the face of hardship and adversity.
3. Communicate and communicate
Communication and gossiping are the two different things in the business world. Communication means speaking out about the work and doubts with colleagues. And gossiping is casually talking with anyone and anything.
You need to speak clearly and clear all the doubts that have been discussed. Your delivery is crucial, and every word must carry your intention, like why are you talking? And whom you’re talking to? Every leader has a strong delivery pitch with a clear message. If you don’t see the results, stop talking and find a new approach. First, learn the needs and motivations of your key stakeholders. Then, determine how to position your message better to reach the desired actions and results.
4. Grow yourself—not just your business
Since 1977, when Michael E. Gerber co-founded the Michael Thomas Corporation—known today as EMyth—he’s been helping business owners become Entrepreneurs, developing the skills and mindset needed to stop being a Technician who works in becoming an entrepreneur who works in the business. And one critical differentiator is how you relate to your business.
For the Technician—whether they’re aware of it or not—their business is an opportunity to have a job of their design. An Entrepreneur, on the other hand, sees their business as a chance to create something that “captures the attention and imagination” of their customers, employees, and investors (to name a few). As Michael explains in Awakening the Entrepreneur Within, “The passion of the Entrepreneur is not to run a successful business…but to invent a unique business that becomes successful.”
So the Entrepreneur is, in essence, an inventor. And the entrepreneurial passion is not to buy a business that sells a successful product, but to create a company that is a successful product and to work on and grow that business—not just for the sake of success, but for the sake of increasing yourself personally. This relates to your business can be innate or learned, but you have to cultivate it either way.
5. Lead by example
An appealing leader is self-aware, someone who lives with integrity and lets their actions speak much louder than their words. A leader must lead from the front, no matter the situation.
This type of leadership has been seen on the world stage recently, with President Volodymyr Zelensky of Ukraine has continued to lead his people throughout the conflict with Russia. No matter how much damage has been done, he is not bowing his head but continuously encouraging his army.
In addition to being a straightforward communicator with other world leaders, he is also rallying alongside his people while remaining in office. The determination he has instilled in his constituents is extraordinary. Observing President Zelensky’s leadership through strength and vulnerability this year is a sharp reminder of the type of leader we can all seek to be more like.
These are some of the Greatest Business Leaders of All Time whose business lessons set an example and inspire millions.
Every entrepreneurial journey is different, and every leader has a different experience that helped them along the way. Apart from the five lessons (mentioned above) as an entrepreneur, we can learn How to run a business? How to minimize our mistakes from our past experiences? How to get funding for your startups? So overall, taking lessons from the leaders and self-analyzing are very important to walk in the entrepreneurial life. We always say, starting a business is easy, but running a business is ten times harder because you start facing real-life challenges. Therefore it becomes essential to learn and implement these business lessons in your company for the long run of your business.
Related: 5 Insanely Easy Steps to Manage Small Business Finances
Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 6+ years of experience in Content Writing, and he also worked in mainstream broadcast media, where he worked as a Journalist with Ibn7 ( now known as News18 India) and Zee Media in Mumbai.