Learn to Lead - Leadership and Growth Principles | Turnaround Tuesdays with Mark Faust

 

A good definition of leadership is: “To mobilize and guide the energy and talent of others in the pursuit of a worthwhile end.”

There are two types of leaders: leaders that make people bigger and leaders that make people smaller. How well have you built up all those around you? Here are a few tools to help.

 

Leadership and Growth Principles

 

Be Purpose Driven

There are the scorekeepers and there are the purposedriven leaders. All of the top echelon leaders are purpose-driven leaders. What type of leader are you? Are you frequently reminding your people of their purpose and the purpose of the company, or are you too busy keeping score?

 

Build Self Respect

Great leaders are brilliant at developing self-respect in others, and they do this by showing respect. They help fill in the missing gaps of self-esteem that may have been created or left there through less than great experiences that most everyone has had.

 

Show Predictability with Inside and Outside Leadership

The inside leadership qualities have to do with displaying and building character. This is what is the source of a corporate culture, the character you build, expect and inspire in others. The outside leadership qualities have to do with the business choices you make as a leader.

Leaders are hired and paid to make choices. Every choice of a leader makes a statement. These choices set the direction. A key to making your choices and leadership have more impact is to be predictable. If you are predictable, people can anticipate and you have more leverage. Are your leadership choices unpredictable or predictable? Just ask your people.

What are you tolerating? Dysfunction in a company is caused by leaders tolerating that which they shouldn’t. It can be behaviors they are afraid or unsure of how to change. It can be people or things that need to go. Tolerance is often touted as strength, but to a fault, it is a flaw and it can even become abuse or worse yet, deadly. As a leader, you must know your intolerables. What will you no longer tolerate?

 

Use Great Questions

Great leaders ask great questions.

Who am I? Who is this company? What price am I willing to pay to be who I am? What price is this company willing to pay to be what it is meant to be? These simple questions should be visited often, mulled over and their answers refined.

Are we acting from the future? Companies caught in whiplashing from fix to fix are often working to just solve problems as opposed to innovating. Working backwards from the vision is one key to making greater leaps.

What are you working on that’s new? I knew a CEO that would ask this of almost everyone. It scared people and often they would avoid him if they didn’t have an answer, but he created and maintains a highly innovative and fast growing company.

What can only you contribute to the vision or mission? This is another tough but good question that one CEO uses to inspire his people to tap their special talents and contribute in a more powerful way. It has made a powerful and cohesive executive team.

What do you want to be when you grow up? To act from the future, you must never stop asking what you want to be when you “grow up.” If you aren’t growing, you are dying. So, in order to act from the future, continually refine what that future is and you will accelerate you and your team’s performance toward a better world. That’s what leaders do.

 

About Mark Faust

Each Tuesday, turnaround consultant Mark Faust will be sharing his expertise on how to turn around your small business. His blogs will be filled with practical insights and basic turnaround strategies designed to guide you through crisis leadership and change management.  You'll be able to tap into tips on everything from profitability issues, business continuity plans and pandemic pivots to operational processes, marketing and customers additional value.

As one of the companies he helped grow, we know first hand how inspiring his leadership is and just how well it works! Mark has also agreed to make his best-selling book ‘Growth or Bust’ available, free of charge, to any small business to help them create  their own effective turnaround plan. We’ll be sharing that with you soon.

You can learn more about Mark and his company, Echelon Management, by clicking here.

 

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Topics: small business owners, growing pains, innovation, risk management, leadership development, transformation, respect, change management, Mark Faust, growth strategies, crisis management, business continuity, grow your business, business insights, strategy and growth, crisis leadership, Echelon Management International, effective corporate turnaround, turnaround plan, basic turnaround strategies, small business turnaround strategies, turnaround mindset, cost reduction, purpose

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