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leadership

The Business Leadership Watch

The Business Leadership Watch

The Business Leadership Watch is a series that features leaders from different industries, their journeys, insights, and advice for our professional community.

In this edition of the Business Leadership Watch, we interviewed Rebecca Guillen, a top Wellness Advocate and Certified/Licensed Athletic Trainer. Guillen is an optimistic educator who found her passion in her calling. Follow her as she talks about starting and running a business as a working professional.

Rebecca Guillen

Rebecca Guillen

Wellness Advocate and Certified/Licensed Athletic Trainer

Rebecca Guillen is the founder of Your Oily Blend, a wellness advocacy platform, and a Licensed Athletic Trainer. The mother to two girls works at a chiropractor firm and runs a home-based business selling essential oils and other natural health remedies from doTerra.

Guillen’s passion for teaching led to her discovery of wellness advocacy. For her, this is about healing people and solving their problems. As a health practitioner and trainer, she is naturally drawn to natural remedies. Pairing that with her knowledge about how the human body functions, she teaches people how to use these alternatives for a healthy lifestyle. 

Rebecca was inspired to create a home-based business after seeing the time-freedom in this model that allows you to build a business your way. 

When Guillen saw how much relief her new lifestyle provided physically and mentally- she knew that there needed to be greater awareness about these natural alternatives among people like her patients, those in need, or wanting something better because traditional medicine didn’t work.

1. What led you to start your business? What makes it unique?

What led me to start my business was the desire to educate. Since grade school, I knew I had a passion for teaching others. I am in the business of education, but not in the way one might think. As a doTERRA Wellness Advocate, I educate on safety, usage and benefits of essential oils, and the health and wellness journey. I was first introduced to essential oils when one of my kids was sick. I knew I wanted to find a safer alternative to ease her symptoms. When I saw the results, I was all in. I needed to educate myself first, then spread the word. I always say knowledge is power. I help empower others to take control of their health and wellness through education.

2. Evolution is a key part of any successful business- it must adapt and change to survive and thrive in the ever-changing marketplace. How have you seen your business evolve in time? What informed these changes and growth?

I have dived a little into different social media platforms with the technological advancement. Especially after the pandemic forced us to embrace doing life over the internet. The options for business now are endless, click funnels, social media, online classes and groups, etc.

That is the nice thing with this business; you can adapt and build it your way. Depending on your target demographic, you can tailor your products to suit your goals. Covid has definitely pushed me deeper into social media platforms for obvious reasons, and I am grateful for that because the people I reach now have increased exponentially.

3. What are the biggest challenges, as a Latina businesswoman, you have faced running or starting your business, and how did you overcome them?

As a Latina business woman, I don’t see challenges but advantages. I have direct access to different communities and the fresh perspective they bring to the network. Because I am diverse myself, I believe I enrich the lives of others. When we focus on the positive qualities of others, we enjoy the benefits life has bestowed us on earth.

4. What lessons have you learned that you can share with other entrepreneurs and business leaders?

I have learned to be comfortable with being uncomfortable. You grow the most outside your comfort zone. That is so true.

5. In what ways do you think your company culture contributes to success?

The company culture at doTerra aligns with many of my values- compassion, service and community. I value these things, and therefore I can thrive in my business that calls for compassionately serving and helping people get well. I focus on having compassion for others, so I may find a way to alleviate their pains, which leads to relationships and building a community. Ultimately, that’s what real success is. It fills my soul.

6. What impact do you hope to make in your industry or community?

I can speak with experience of the impact these oils and knowledge have made in my life and my patients. I hope to share that same experience with anyone searching for it.

7. How have you managed fundamental growth while maintaining a quality product or service offering? What advice would you give other entrepreneurs looking to achieve similar success, especially online?

Have a duplicatable system. Keep it simple, and others will feel like they can do it. As an entrepreneur, your goal should be to build a business and a system. Others will want to follow in your footsteps-how will you help them? The business model at doTerra is friendly to anyone who wishes to start a business as a working professional, and I would encourage them to go for it.

8. What informs your discipline in business? Take the readers through behind-the-scenes on your typical workday.

There is no typical day in my life, as each day brings new challenges and opportunities. However, there are some common themes that inform my work and keep me motivated. 

I believe I am blessed to do what I love. 

First and foremost, I am a working mom. That means that my time has to be balanced between my family and work, so I have to be deliberate about how I use it. I like it because it keeps me very organized and driven. 

Secondly, I am a licensed trainer and wellness advocate. I am passionate about helping others reach their fitness and health goals. I love being able to share my knowledge with others and seeing them reach their potential.

9. How do you see your industry unfolding in the future? Trends for businesses in this niche to brace for?

The wellness industry is exploding, and I see it only growing from here. The world is desperate for natural health solutions. They just need the knowledge to start the journey and stay on course. 

There is no doubt that wellness and natural health solutions are getting the attention. As more and more people become aware of the need to take care of their bodies and minds, there will be an increasing demand for these services. Some of the future trends we can expect to see in this growing industry:

Wellness advocacy- there will be continued emphasis on promoting wellness and preventative care, rather than just treating illness after it has developed. 

Wellness coaching is another burgeoning area, as people seek professional guidance on achieving their health goals. In addition to one-on-one coaching, there are also many new online programs and apps that provide personalized support. And essential oils continue to gain popularity as a natural way to support overall health and well-being.

10. What advice do you wish you had before or during the early stages of your business?

Rejection is protection. Sometimes when an opportunity is not for you, a better one is usually on the way. Don’t be discouraged by rejection.

11. What quote or lesson resonates most with your work ethic or personality that you wish others would also live by?

Do for one what you wish you could do for everyone. Sometimes I think, “how can I possibly change the world?” Then I realize even if I can help one person, I have changed their world.

12. Lastly, let’s have some fun. Fill in the blank. Everyone would be so much calmer in life if they just ate more of Empanadas! 

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leadership

The Business Leadership Watch

The Business Leadership Watch

Business Leaders highlighted in our Leadership Watch Series hail from different industries, their journeys, insights, and advice for our professional community.

In this edition of the Business Leadership Watch, we interviewed Julissa Badgett, the Founder of Beauty Brought Out LLC. Julissa shared her journey of starting a business out of passion and shares anecdotes of her experiences and insights for the beauty and fashion industry.

Julissa Badgett

Julissa Mercado Badgett

Founder Beauty Brought Out LLC

Born and raised in Waukegan, Illinois, Julissa moved to Florida in 2003, residing in beautiful Rocky Point, Florida. 

A mother to three handsome men (Nico, Jovanni, and Julian) and a grandmother to four adorable little ones (Angelina, Izaiah, Bronson, and Ximena) who call her “Mimi”. She also counts herself lucky to be the wife of an exceptional man (Theo). 

The founder of Beauty Brought Out LLC, a full-service salon in Downtown Tampa, doubles as an Instructor for Continuing Education on SkinCare, Hairstyling, and Makeup. Badgett boasts a strong educational background from Pivot Point International, Chicago Campus-where she was taught by a world-renowned artist whose work has been featured in the Bazaar Magazine. The licensed cosmetologist and Esthetician has extensive experience in the beauty business. She has been in Makeup and Hairstylisting since 2003 and the wedding industry since 2005. 

Aside from these accomplishments, the beauty queen is also an Author and Licensed Realtor! 

Julissa tries her best to lead a positive and peaceful life filled with laughs and inspiring people. She meditates, prays, and tries to share her experiences with those who will listen and hopes to learn from them. 

Julissa’s hobbies are painting and anything that involves creating and learning new topics.

1. What led you to start your business? What makes it unique?

My cousin worked in a salon when I was a little girl, and I remember helping her sweep and just admiring the atmosphere. At that moment, I knew that would be my journey.

When the time came to work in a salon, I wasn’t in my element-I needed more freedom. A client asked me to work for a modeling agency helping with a photo shoot in 2003, and after that day, it was a wrap for the salon world. I freelanced for years until we became empty nesters, then I gave birth to my new baby- the Salon, Downtown Tampa.

We have been here since 2014.

What makes it unique; our full-service Salon is a one-on-one experience. I have a SkinCare professional working in the back while I handle the customers in the front. I even call in more girls depending on the job at hand, and our clients LOVE the personalized experience; it is calm and classy. My girls go to our clients’ location for most Hairstyling and Makeup Events.

2. Evolution is a key part of any successful business- it must adapt and change to survive and thrive in the ever-changing marketplace. How have you seen your business evolve in time? What informed these changes and growth?

I started as a freelance producer. However, when weddings came into the picture, I created a home studio with fully licensed, annual inspections right out of my den area. As my business grew, I knew I had to find a location, but I waited until my kids were grown and out of the house because I liked having everything under one roof.

Tampa has grown like crazy in the last few years. But even before it evolved to become busier than a ghost town, we were already busy.

Our service list was increasing by the day, and social media became a big help for us. Everyone wants something they have seen on Pinterest, IG, Snapchat and recently, TikTok. They want to learn something they have tried to follow on YouTube, but do not realize that most makeup artists leave crucial steps out, so it will never look the same.

With these trends in the beauty industry, we have embraced social platforms to market the business and educate customers.

3. What are the biggest challenges, as a Latina businesswoman, you’ve faced running or starting your business, and how did you overcome them?

This topic is a touchy one. 

What some fail to realize is minority groups face discrimination from every side. For instance, when some ask me where I am from and I respond, Chicago, they always do a double take and say, “no, where were you born?” To which I then respond very kindly with a chuckle, “Chicago, where were you born?” I do this because it makes them think about why they asked. 

I have had Caucasian women, yes, women, on two different occasions come in to tell me that I am over dressed to be in Tampa. One of the ladies opened the door and said, ‘this isn’t Miami’, then walked away. The other one said I would get more business if I wasn’t so made up. 

I have also had an African American lady make an appointment over text. When she showed up, she stopped at the door and said, “you are not Black, I only let Black women touch my hair,” and then she walked right out. She was in town for a church convention.

Fortunately for me, I have had many conversations on race, especially during the protest/election time. I did see many of my long-time clients in a new light as they had the opportunity to be rude and disrespectful. I intentionally chose to stay neutral on these topics because I felt like I had a platform to educate people.

4. How has your leadership style evolved?

I am no longer a control-freak, at least not like I used to be. I have learned that I need to trust the process. I can not have Faith and Doubt at the same time. I have FAITH tattooed on the back of my neck, so I cannot have doubt in my life.

5. What lessons have you learned that you can share with other entrepreneurs and business leaders?

There are so many, but one stands out. When you do what you love for a living, it makes it that much harder to do the parts of the job you dislike-every job has them.

6. In what ways do you think your company culture contributes to success?

Professionalism and care. I take pride in my art and so I always look for a team with the same values. We care for our clients to ensure they have the very best. I also carry my passion for this art from my Latin roots.

My mom has always had hair down to her bottom, but she always wore it in a high bun. I would sit and watch her style it in many different ways. I feel that has helped me grasp the art more easily.

In my culture, our hair is our crown. If we do not do anything else, our hair must be neat. That goes for both genders- my dad always has a little black comb in his shirt pocket. 

Also, both of my parents instilled hard work and pride in everything we do.

7. What impact do you hope to make in your industry or community?

I would love to help people feel like the best versions of themselves. 

That is why the name of my company, Beauty Brought Out.

8. What automation tool or software do you use that has immensely improved your productivity and operations?

I use HoneyBook to keep us organized. Jessie with FotoBoho recommended it, and I could not be more organized.

9. Today running a business has shifted almost completely digital and more digital changes are underway with the metaverse talk. How have you adapted to the ever-changing landscape of online business? Do you think metaverse marketing will give companies an edge in the current market? 

I am still adapting. We have to be on ALL media apps, which is one of my hardest feats. Still, we are doing everything online.

Yes, for the generations to come. I think baby boomers and older are still old school, relying on referrals and review-based business.

10. How have you managed fundamental growth while maintaining a quality product or service offering? What advice would you give other entrepreneurs looking to achieve similar success, especially online?

Providing exceptional, caring customer service is vital. Use the available media channels to your advantage.

Hire help. It is hard to keep up alone when you scale, and outsourcing can help a great deal!

11. What informs your discipline in business? Take the readers through behind-the-scenes on your typical workday.

Like a true Leo, I take pride in my art. I love what I do and hire people that have the same professionalism. 

We care about our clients and want them to feel and look their best on their major milestones. Often, they will only have one shot, so there are no redos…at the end of the day, all they will have left are their pictures. We want them to love their look. 

Every day is totally different, so I will never get bored. Let’s put it this way, there are a lot of therapy sessions- sometimes happy tears, others drama-filled tears, but always a whole lot of laughter.

12. How do you see your industry unfolding in the future? Trends for businesses in this niche to brace for?

With social media and YouTube, so many people are self-taught. Which I love because of the ambition, although, I hope to see more people going back to school and educating themselves. It is so important.

In my industry, fashion trends repeat every 20 years. 

The big hair, blue eyeshadow, and red lips are making a comeback. I recently did a wedding party that requested blue eyeshadow. Of course, we neutralized the look. We didn’t add blue eyeshadows on the eyebrows. It was pretty!

13. What advice do you wish you had before or during the early stages of your business?

Just start; it does not have to be perfect, and don’t be so hard on yourself.

14. Do you feel the Latin culture is better prepared for business innovation? Why or why not?

Yes, many of us are doing exceptionally in the business and professional world.Also, because of the many Latin Business Associations, we have places to turn to for guidance.

15. What quote or lesson resonates most with your work ethic or personality that you wish others would also live by?

“Do unto others as you would like them to do unto you.”

16. If you were to write a book about your life, what would it be titled? Subtitled?

A book about my life would be titled “I Refuse To Be A Statistic”. 

I also wrote a book based on stories that happened in my professional life, Wedding Day Drama, Before The “I Do”.

17. Lastly, let’s have some fun. Fill in the blank. Everyone would be so much calmer in life if they just ate more empanadas.

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financial strategies leadership

How Business Leaders Can Leverage Digital Transformation for Better ROI

How Business Leaders Can Leverage Digital Transformation for Better ROI

What comes to mind when you think of digital transformation? Is it automation or some realm of metaverse project management?

 

So what’s all the fuss about digital transformation, and why are all the companies, including SMBs, embracing such a revolution? You will understand the objective of digital transformation for businesses and how you can begin implementing it immediately in this post.

A Few Things to Consider

1. Consumer behavior is changing rapidly. Staying competitive requires knowing the ever-changing consumer dynamics and responding accordingly to satisfy customer needs. Knowing the ever-changing consumer needs accurately requires digital analytics and even predictive analytics. 

 

2. The most productive companies in terms of operations and revenue are the ones with the best communication. Efficient communication depends on having teams that communicate within a collaborative network, getting real-time feedback rather than working in a silo.

 

3. The most successful organizations in terms of ROI are the ones with products that address customer needs and pain points instead of creating products and then looking for the customers that need them. In other words, they look for unique problems in the market and then create products that solve these problems. 

 

4. Organizations that embrace an agile mindset succeed faster, and grow exponentially than organizations that fail to embrace it.

 

5. Regardless of size, and level of experience, the most successful firms are organizations that keep the best data and make the best use of these data in their decision-making.

Simple Ways To Adopt Digital Transformation

Simple Ways To Adopt Digital Transformation

1. Digitalize Customer Experience

It is needless to say that customers are always looking for improvements on products and services. Meeting these demands requires you to closely monitor them, know what they truly want, and understand them even much better. Simple ways you can digitize customer experience involve the use of Live Chats to facilitate real-time communication and also promote customer retention through relationship building. 

 

That’s not all, tracking the way clients interact with your business and how you manage the information associated with them is a great way to digitize customer service.

 

This is achievable with Customer Relationship Management (CRM) software. There’s no need to reinvent the wheels by hiring software developers. Tools like Hubspot and many more are great for managing customer data and even your sales pipeline.

2. Drive Performance Based On Data

What is not monitored can never be measured. When you don’t measure, you can’t tell how well you’re doing and you really cannot also tell which of your business activities are driving the best ROI. Business data analytics give you insight into which of your business activities to improve on and which ones lack the potential for profitability so you can focus resources on key business concerns.

3. Build Resilience Into Your Business Processes

Everything that happens within the scope of digital transformation is an opportunity for better performance. No surprise, the pandemic was even a big game-changer for some organizations regardless of their size. Building resilience involves leveraging technology that will enable you to continuously improve. This will also help you deploy regardless of your financial position and even when unprecedented circumstances such as during a pandemic hit.

How to Adopt Digital Transformation for Improved Efficiency & Profits in Your Business

To successfully adopt digital transformation, it must first be integrated into your business culture, and the ultimate goal should be towards creating a better customer experience and satisfying customer needs.

 

Doing this successfully starts with the mindset, and then this should be communicated to everyone in your organization. Digital transformation is not reserved for CEOs and top executives alone. It is for everyone contributing to the organization one way or the other regardless of what they’re doing. Importantly, it is common for organizations looking to adopt digital transformation to assume that digital transformation is only for engineering firms. 

 

But that’s not the case. Here are a few myths about digital transformation.

 

Myth 1: You need a large team of software engineers before you can start adopting digital transformation.

 

Myth 2: You need a large cloud infrastructure to start digitizing your business.

 

Myth 3: Digital transformation requires a fat budget.

 

The fact is that digital transformation involves majorly the inclusion of internet-based and digital-based tools to achieve operational efficiency, and ultimately business results. More importantly, most of these tools are cost-effective compared to the task they perform. For instance, if you need a solution to collaborate with your team members, set deadlines, organize projects, and set goals, tools like Teamwork, ClickUp, etc., have features that can achieve all that and you can start using them for free. 

 

Additionally, if you need analytics solutions to start monitoring behaviors on your website to get customer insights, tools like Google Analytics and many other web analytics tools can get that done for you. And you can get started for free. 

 

But there’s something to note, gaining access to these digital transformation tools requires that you position your business digitally. This means that your business must have an online presence, it must be integrated on the web and your customers too must have their online signature. That is, the series of events that take place from clients purchasing your business should easily happen online from the moment they found themselves on your website till the moment they eventually purchased from you. 

 

This positions you to be able to control the type of interaction they get when they engage with your brand online and how you react with them. You can categorize and personalize your prospects as well as their interactions with your website. With these, you can easily solve their problems and stay ahead of the competition. At the heart of the pandemic at the start of 2021, some businesses that embraced digital transformation reported record-high profits. 

 

Both small and large business owners, regardless of their niche, from restaurants, to service-based businesses experienced improved sales and became even more profitable. On the other hand, businesses that refused to adopt that transformation faced losses and some even went out of business. 

 

The essential point is that digital transformation can shield your business from unforeseen circumstances, enhance your speed, and efficiency, and ultimately enable you to engage in borderless business transactions and operational management.

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leadership women leadership skills

The 10 Crucial Leadership Skills Today for Executives to Boost Their Career

The 10 Crucial Leadership Skills Today for Executives to Boost Their Career

With the race to become the best and high-performing businesses in the marketplace intensifies, recruiters are looking for qualified candidates who possess excellent leadership skills. It’s no wonder the need to hire MBA graduates for executive positions is rising among top companies.

Leadership skills is a topic widely covered by experts and amateurs alike- discussing the core competencies that differentiate leadership capacity, yet most continue to rely on familiar skills. 

Although it is critical to have a strong foundation in what you do best, leaders, even the most experienced, intentionally find ways to evolve by learning new skills and strategies to manage their people.

While leadership skills have been pretty standard over the years, the changing and fast-paced business world demands a fresh look at which skills are most valuable today.

  • What areas of development should new executives be working on to meet the demand of the modern marketplace?
  • How can these skills help aspiring leaders succeed in leadership positions?
  • What are the practical ways to develop or implement these skills in the workplace?

We explore these and more helpful insights in this article.

What Leadership Skills Mean for Business

They say that leadership is integral to success in any field or endeavor. It couldn’t be truer than in the realm of business. On point leadership skills are essential for generating successful outcomes in companies of all sizes.

Leaders set the tone for their organizations; they establish the culture and values that guide their employees’ behavior and decision-making.

Therefore, they play a central role in creating an organization that produces desired results.

Leadership plays a huge role in the growth and ensuring business thrive. At the heart of any venture is the human capital- the employees’ productivity directly impacts the profits realized.

Here are some recent statistics from Zippia that back up this: 

  • 79% of employees will quit due to a lack of appreciation from the leaders
  • 83% of organizations believe it is important to develop leadership at all company levels, but only 5% have implemented leadership development at all levels.
  • Only 10% of people are natural leaders
  • 69% of employees would work harder if they felt their efforts were appreciated.
  • Companies with employee engagement are 22% more profitable.

The statistics indicate the necessity of having solid leadership to drive change, team engagement and results. Leaders are in charge of creating cohesiveness in the different groups working in a company- when this is lacking, it gives rise to disengagement and high turnover of otherwise excellent talent. 

It is true that performance metrics vary among different work groups, such as baby boomers, 

Millennials, and Gen Zers, due to the inconsistency in people management skills. 69% of the largest group in the workforce currently, the millennials (people born between 1980 and 2000), say there is a lack of leadership development. 

This matters because of the critical connection between employee engagement in business and the KPIs- productivity, customer metrics, profitability, quality product, less absenteeism, and misappropriation of company resources. 

Leadership boosts employee performance, which makes everything better across all levels in the business.

On the sunny side, there is opportunity and strengths to build on. With more than 83% of businesses and recruiters realizing the need and benefit of building leaders, there is room for more leadership positions to take up. 

While only 10% are natural leaders, 20% have inherent abilities that need refining, and the rest can build capacity to lead through training and leadership programs to direct to the appropriate channels.

The Global Leadership Forecast 2018 found companies that take an inclusive approach to leadership training have 4.2 times more success than those that left this reserve only for the management groups.

That said, these are the most popular ways leaders want to learn:

  • External coaching 48%
  • Developmental assignments 48%
  • Assignments to diagnose leadership strengths 42%
  • Formal-in person training 39%

Source: DDI Leadership Forecast Survey

People who undertake leadership training that teaches practical leadership in addition to theory show a 25% increase in learning and 25% in performance. 

In-Demand Leadership Skills for Today's Executives

The key to success lies in understanding human nature. The need for divergent needs can be met with various means, from motivating and clarifying individuals down to managing them well to reach their full potential as members of your team or organization.

The performance of any group is strongly influenced by how each member feels and engages in the group. It takes refined skills in people management and adaptability to maximize these human desires for business performance.

1. Networking and Relationship Building

Based on the research by Gallup and others above, employee engagement is a top priority for the current workforce. Whether a leader is people-oriented or not, they will need this skill at least for the sole reason of creating good working relations.

The other reason why this skill ranks high is the modern workplace is increasingly getting complex and interconnected. They are expected to navigate these complex systems and build relationships with the people within them. 

Business management has become more about collaboration and consensus-building than it was in the past; to get things done, they must bring people together and build relationships of trust. 

Not to mention, the global economy has made the competition more intense than ever before. 

Today, leaders need to be able to develop strong relationships with allies and partners to create a competitive advantage. That means proactively networking online and offline.

Practical Ways to Cultivate Relationships

  • Be present and approachable. Employees and partners alike appreciate feeling like they can talk to you, confide in you, and come to you with questions or concerns. When you are regularly present and open to hearing what others have to say, it helps build trust and foster a more supportive working environment.
  • Make time for one-on-one interactions. Even if it is just for a quick catch-up chat or lunch meeting once in a while, taking the time to engage the team members on work progress and challenges.
  • Attend company events. It shows that you are interested in connecting with your employees and helps create a more enjoyable work environment. It also shows that you value their time outside of work hours.
  • Get involved in community outreach and industry initiatives. Industry events are a great way to connect with local leaders and organizations.
  • Team Building activities. Team building has always been a big part of most company cultures, but with mental illnesses on the rise and burnout, this has become just more urgent. As the leader, you get brownie points that strengthen your relationships. 

Related: 5 Questions to Assess Your Leadership Skills

2. Negotiation

The ability to negotiate is a plus that hiring managers and companies look for in executives in this competitive, globalized, and interconnected modern marketplace. 

Why? First, the globalization of markets has created new opportunities for companies to expand their operations overseas. However, these expansionary efforts often entail complex negotiations with local partners, government officials, and other stakeholders. Without solid negotiation skills, business leaders will find it tough to navigate these interactions.

Second, the accelerating pace of change in many industries means that businesses must constantly renegotiate agreements with suppliers, customers, and employees. Those who are adept at negotiating will be better able to protect their company.

Practical Ways to Negotiate Better

  • Model Trust. No matter the outcome in negotiations, trust makes the process smoother if the leader has a reputation for reliability. Trust also creates room for future possibilities of doing business.
  • Take the democracy approach. Offer options. When negotiating with employees or external groups giving choices shows a level of respect.

Related: 3 Ways to Increase Customer Trust

3. Ability to Train Others

83% of organizations believe it is important to develop leadership at all business unit levels. 

Modern organizations are looking for leaders who can also build more leaders to take charge and responsibility even in the small operational units. Training is an essential management skill that requires the leader to teach those under them, give constructive feedback, and motivate.

Practical ways to incorporate training in leadership

Encourage Them to Take on Responsibilities. One of the best ways to train someone in leadership skills is to encourage them to take on more responsibilities within the team. Give them small tasks or assignments at first and then gradually increase the scope and complexity of what they are responsible for. Handling more responsibility, they will naturally start to develop leadership qualities.

Provide Opportunities for Mentorship and Skill-Building. Another practical way to train someone for leadership is to provide opportunities. Offer challenges and contests.

4. Self-Awareness

One element of leadership excellence is having leaders who understand their strengths and weaknesses. Leaders need to know themselves before they can effectively lead others, so part of a core skill for executives should involve introspection and identifying areas where they need to improve.

Anthony Tjan sums self-awareness into three parts which everyone can borrow from-“know thyself, improve thyself and complement thyself.”

Practical Ways to Build Self-Awareness

  • Conduct an evaluation. While leaders carry out 360 performance evaluations on employees, the same can work wonders in helping them identify their strengths and weaknesses.
  • Take notes. Journaling is a loved practice among mindfulness groups, but it can also be an easy way to track your growth and increase self-awareness. The founder of WP Beginner, Balkhi, suggests using an app such as Roam Research to take notes.

5. Agility

In business, agility is incredibly beneficial because it allows organizations to adapt fast to changes in the market. For example, if a competitor introduces a new product, an agile organization will be able to quickly develop a similar product and release it to the market. 

The pandemic proved the necessity of agility as a skill. The modern business executive needs to be this sharp.

Practical Ways to Be Agile

  • Try Out Ideas. One way is to be open to change and experiment with new ideas. 
  • Be organized. Another way is to stay organized and efficient so that the leader can make changes quickly without causing disruptions. 
  • Anticipate. Lastly, be proactive and anticipate changes in the market to adjustments well before they are needed.

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6. Innovation

The need for creativity and innovation is increasing, meaning corporate leaders will have a greater responsibility in these areas. They must use their leadership skills to harness the power of innovation, or they will be left behind when other companies catch up with them.

Apple has been able to stay in business for a long time despite newer and cheaper gadget inventions because of innovation.

By making innovations to their products with users in mind, the company provides more user-friendly gadgets with functionality and security, features customers are willing to pay for despite the price. 

Practical Ways to Develop Creativity and Innovation Skills

  • Read widely. This is a no-brainer. Innovators are diligent researchers. Read leadership books to gather insights and thought processes of skilled leaders and innovators in the business world.
  • Create time to be alone with your thoughts. Innovators are also think tanks. Schedule time daily to reflect and organize your thoughts, ideas, and goals for projects.
  • Listen to your team. Creative ideas do not always come from leaders. Apart from getting feedback on your performance and improvement areas as a leader, employee feedback is a hub of innovative ideas.

Related: 7 Recommended Books on Entrepreneurship.

7. Adaptability

Adapting to new situations allows organizations to succeed in an ever-changing landscape.

Adaptability is the ability to change and adjust to new circumstances. But when it comes to leadership, it goes deeper than that. Adaptable leaders can change their behavior and approach, while inspiring and motivating others to do the same. They can see opportunities in change and are adept at driving organizational transformations.

Practical Ways to Be a Change Agent

  • Stay Up to Date With What is New. New tools and techniques are always coming out, but you cannot keep up if your skills do not evolve. Research anything that makes you feel uncomfortable or unsure of its impact on the company.

8. Diversity Management

The global economy is a considerable part of today’s business world, and as such, diversity management and cultural intelligence have become even more relevant to employers. 

Remote and hybrid work environments are now the norm leaders have to operate. With the constant need for collaboration with peers from all over the globe – this managerial skill will be crucial in helping business executives succeed at their job!

Practical Ways to Manage Diversity

  • Learn. Make a point to learn about other cultures represented on your team. Understand these cultures instead of making assumptions about what they are like based on your own experiences.
  • Be open-minded and respectful of different cultures. When interacting with people from other cultures, be respectful of their traditions and values, even if they differ from your own. 
  • Acknowledge personal cultural biases and assumptions.

9. Delegation

Efficient leaders know that delegation is an essential part of their job.

It does not mean offloading work so they can have less stress as a leader-it means building skills for those who might one day become future leaders in the company! It’s also assigning tasks to people who are best suited for them. That builds their skills and potential to become future leaders! 

Delegation is a core competency for leaders because it means distributing work to maximize efficiency while focusing on other pressing issues.

Practical Ways to Delegate Well

  • Ask for volunteers. From time to time, add tasks and have members pick what they want to work on- they are more likely to select according to their strengths.
  • Review. After completion, take time to review and give feedback.
  • Assign. Assign tasks based on skills and set concise instructions on requirements, KPIs, and deadlines.

10. Result-Driven

Top executive positions require leaders that can multitask and still produce results. With this in mind, the modern-day executive needs focus and prioritization to know the activities with the most impact on the organization to direct efforts on and make sure they are strategies that will lead towards success.

Practical Activities That Increase Output

  • Time management. Envision goals to prioritize the order of accomplishment.
  • Organization. Cut back on time and increase output with savvy organization skills. Use apps and software to automate most of the administrative tasks.

In Conclusion

The skills that made someone a great leader in the past may not be as relevant now.

To thrive in this new business landscape, executives need to assess their skills and adopt relevant ones to take their executive game up a notch.

Here are our favorite takeaways that you should note if you want to boost your career.

1) Continuous Learning – The modern business world is constantly changing for leaders to stay ahead of the curve by learning new things consistently. It could mean reading industry journals, taking online courses, or attending conferences.

2) Adaptability – As the saying goes, “the only constant is change.” Every business has to transform through innovative ideas. Being adaptable will be the most valuable skill to take the team and business to higher levels.

Are there any other skills or areas of leadership you find most challenging to master? Let us know in the comments below.