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Leadership Skills for Business Owners

6 Leadership Skills Small Business Owners Need

Having a successful small business is about more than just a great idea. It’s also about being a great leader.

The thing is, not everybody is a natural born leader, however there are certain leadership skills that can be learned and developed. Skills such as listening, communicating, forward planning and delegating are important traits of a good leader and must be applied within your business whether you have 1 or 100 employees.

So, what does it take to be an effective small business leader?


One of the best ways to create a team that operates well is to communicate clearly with them. Always let your workers know what is going on and what is expected of them. This includes sharing the bigger picture with them so they are aware of how they fit in with the overall goals and vision of your business.

Listen well

There’s a fine line between being a leader and a dictator. Great leaders listen to those under them. When you listen to your employees and customers, you might just hear some great ideas and insights that will help you to improve your business.

Know your strengths

It is important for you to know your own strengths and weaknesses so that you can surround yourself with talented people who have the skills you lack. As a business leader, it is important that you have a well-rounded team.

Learn to delegate

Surrounding yourself with smart, talented people is pointless if you don’t let them do their job. Of course, your business feels like your baby, but if you never give up control, it will never grow to its full potential.

Don’t be afraid to make mistakes

It’s impossible to run a business without making mistakes, so a great leader understands that mistakes will be made sometimes. That’s just part of being an entrepreneur and part of how we learn. It’s how you rebound from the mistakes you make that really counts.

Look forward

Do you know where you want your company to be in 5 years time? A good leader is always looking toward the future. You need to work out what you want for your business and then make a plan to help you achieve it. Without looking forward you will stay stuck where you are today and won’t grow your business.


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