Skills Every Leader Must Have To Run A Business

One of the hardest parts of running a business is leading others, as it’s not just about what you want or can do, it’s about what others can do. You’ve got to keep everyone in order and do so in a way that commands respect from your team. Leadership is something that can be hard to develop if you’re not a natural, and even if you are, there are still plenty of skills that are essential to learning. Running a business has a lot of elements that can be stressful and frustrating, and you need to be able to keep your cool through it all.


If you’re not the kind of person you would describe as organized, then how can you expect to be able to get others in order as well as yourself? Being able to properly plan things out and set goals is important for any leader, especially if you want your business to get anywhere in the first place. If you’re good at planning, are able to set realistic goals, and can do so for more than just yourself, you’re on the road to being a good leader for your future employees.

Time management

When you’ve got deadlines to meet and goals set for your business, one of the more important skills to have is time management. Time management is something that can be hard to train if you’re not used to being under tight deadlines. However, it’s possible. Time management training is available for anyone who needs it and will be an essential skill to help you properly plan and delegate work for those working with you. If you’re going to lead, you need to be aware of how to manage your priorities.


Being a good communicator is expected of anyone who will be working with others. Be it in a team, with partners, with customers, any relationship demands good communication skills. For example, one of the characteristics of an effective servant leader is being able to listen and understand the needs of others. As a leader, your communication skills are the most important. If you’re going to properly convey your wants and needs, as well as listen to the needs of others – your communication skills need to be exemplary! It’s something that you’ll develop along the way, but you still need to have some level of communication skills to fully understand how to get what you want from others.


If you’re the person responsible for making the decisions, finding solutions for problems will also fall on your head. You need to be able to be creative if you’re going to think outside of the box. Solutions won’t always be simple, and if your business is facing issues, it could mean the difference between sinking or swimming. Bigger businesses have teams of advisors to help them make the right decisions, but ultimately you should have the creative abilities to come up with better solutions.


Patience is absolutely necessary when working with others, no matter how stressful you find the situation. As the leader, you’re going to spend a lot of your time under pressure. Deadlines will mostly fall on you if they aren’t met, and it’s your business that suffers for it – even so, you need to remain patient with your employees. If you’re quick to lose your temper, it will cause you to become unreasonable and even set unreasonable deadlines – leading you to overwork those working for you.


Just like with patience, you need to be able to see the positive side of things in each scenario. Your employees are looking to you for your leadership, and if you’re unable to stay positive, it could cause them to follow suit. Staying positive will help to maintain workplace morale and keep others from feeling down while at work, too.


Every leader should be self-aware if they want to be respected. No one wants to work for someone who can’t see their own faults, yet easily gives out criticism of others. Being aware of your own faults means you’re able to grow and learn from your mistakes, being unaware will just lead you to blame others for your shortcomings. If you can better yourself through self-awareness, then you have the tools you need to better yourself as a leader overall. 


Not every good leader is charismatic, but it’s a great skill to have if you want others to follow your word. Respect is highly important in the workplace, as it motivates your employees to work harder rather than what’s necessary. If you’re charismatic, you’re one step ahead on being a good leader.