1. Ability to Adapt

When leading a business, there will be many instances where you will face unforeseen situations. Great business leaders would not linger on the problem but focus on creating practical solutions to address the issue. The company will learn and grow by allocating energy, time, and the right human resources to solve the problem. Welcome new possibilities and be flexible with your approach to different aspects of your business. Look at someone like Mark Zuckerberg, who continues to adapt to a fast-paced technological industry. Because of his adaptability, he has built and changed social media and how people connect online. 

2. Passion

The willingness and drive to dedicate themselves to manifest their goals and visions make a passionate leader. A fiery passion as an entrepreneur and leader should be on top of your traits. Solving company issues, pitching ideas to investors, and taking action for the company becomes significant when handled by someone with passion. Passionate leaders rise above doubters, see opportunities in problems, and have unwavering tenacity to pursue their goals. Which, in turn, moves on to our next trait.

3. Ability to Inspire

With passion comes the ability to inspire. People will notice passion but only stay with those who inspire them with their vision. An inspirational leader prioritizes including those around him, not as workers, but as a team who will and can make their goals happen. Elon Musk, for example, is an excellent example of an inspirational leader. He inspired his team at Tesla to break from the conventional automobile industry and forefront the shift to electric cars, which had never been successfully done and marketed until their projects happened. His curiosity and craziness for doing ideas that people have never thought of encourages his team to innovate and give them a strong sense of purpose. 

4. Creativity

The ultimate key to being a successful business leader is being creative. Business creativity is sometimes associated with how the company makes marketing campaigns and how they engage customers, but that is not all there is with it. Creativity is your imagination’s ability to affect certain situations. As stated by Simon Sinek, entrepreneurs are problem solvers. Involving creative processes in solving company and team issues creates new avenues for innovation and production. The more creative a solution is, the more productive the outcome will be. 

5. Be Open to Communication

Imagine your company or business being a machine. The machine consists of small gears working in unison to keep it operating. These small gears are the people working in your company. To ensure your company runs smoothly, have open communication with your team at all times. Open communication consists of genuinely listening to your team and customers, being open to feedback, respecting others, and understanding and working with your team’s flaws. Please look at Walmart’s Doug McMillon and how he instilled a culture of communication that made Walmart grow to what it is today. He transformed Walmart’s culture by allowing the company’s executives to experiment and fail with implementing new ideas. Letting his team lead their projects, take their risks, and learn from mistakes created a culture of communication where everyone realizes from each other. This trust from the business owner to the team fosters a livelier, growth mindset-based team moving forward.