Key skills and actions of business leaders
Many of the skills that underpin great Business Leadership also apply to Team Leadership, as detailed in the previous section. What additional skills and actions can you adopt as the business leader to facilitate a thriving workplace?
Be more agile.
Being an agile business leader is about challenging and updating any long-standing beliefs and behaviours that have served you well in the past but are not sufficient for the future. Rethink. Reinvigorate. Reframe. Reinvent.
Get the right tech.
Mostly, your team will be digital natives. What actions will you take as a business leader to introduce technology that makes their day easier? When they’ve got the right tech, it improves their day-to-day experience and engagement.
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Invest in your team’s development.
When someone feels as though their career is in a rut, they’ll look for other options and opportunities. Explore ways you can invest in the development of your team members for ongoing growth and learning.
Emotional intelligence.
Emotional intelligence is your ability to recognise and manage emotions in yourself and others. It’s a critical skill for business leaders because it influences your self-awareness and relationship-building capability.
Financial literacy.
As the driver of your trade business’s strategy and goals, much of this will be tied to financial performance. Some of the key financial skills you’ll want to master are statement analysis, cash flow management and forecasting.