Category Archives: Business Leadership

Ever Heard of Entrepreneurial Leadership?

As I observe some young people on a course on entrepreneurship today, I am inspired to write about strong leaders who are, in fact, lifetime students.
 
So what are Entrepreneurial leaders?  The first point is linked to mindset: 

Entrepreneurial leaders do not have a mindset that adapts to failure. 

Things go wrong, of course, but entrepreneurs don’t call
them “failures” they call them “glitches, mistakes, bungles,
setbacks” – but not failing.  The more positive of us, see these ‘setbacks’ as ‘opportunities for development’.
 
When a positive mindset entrepreneur is asked about the hardest decision he or she ever had to make, the answer is often not even being aware of what a hard decision looks like!
 
An entrepreneurial leader will approach decision-making with the idea that there’s a strong likelihood that he/she will be wrong. This doesn’t dissuade them; far from it! They just
do the best they can and worry about handling obstacles as they arise.
 
Another way of looking at it is to realise that you will make mistakes, so make them as quickly as you can in order to learn from them. A good leader doesn’t view making mistakes as negative or irrevocable.  He/she feels free to press on and try something new. There is the belief that something useful has been learned, and hopefully not at a high cost.

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Let’s face it; if you’re going to live this life you’re going to make mistakes. Make use of them as learning tools and don’t make the same ones twice.
 
The second point is about being ‘tuned in’.  What do I mean?  Entrepreneurs also know the value of “intuition”.
 
While you shouldn’t act on the results of tossing a coin, there is something to be said about your “gut” feeling about the situation. Very often business people become so involved with systems and checks-and-balances that they forget about that “gut” instinct they had when they started.  As the saying goes, if it’s too good to be true, it probably is.
 
While not strictly logical, intuition does draw on a combination of experience, knowledge, and analysis as well as a lot of “gut” information you may have forgotten that you have.
 
You become a strong leader in your business by “practicing” being a leader. It’s not a course you can take at a business college; it’s learned in the school of life as you’re doing
business.
 
Leadership behaviour is also a key factor.  As a leader, you have to set standards and higher standards for your own behaviour. You must do this because appearances are sometimes more important that facts.  At the weekend we were discussing what happens when a solo entrepreneur or owner of a small business cannot deliver what he/she has said she can in a given timeframe.  A friend of mine offered the suggestion that there is not a willingness to scam – simply an inability by many to accurately assess the amount of time needed to complete a task like getting a dress made in time for a wedding or a cake delivered for a birthday party. So it is just about time and priority management and working effectively in your business?
 
Let’s consider this:  to protect that faith that your people and your customers have in your company or service, always ask yourself these two questions:
 
1. Could this be interpreted by anyone in a way that would shake their faith in my leadership or my ability to deliver?
 
2. Could this be misinterpreted and held against me or the company?
 
Strong leaders know that leadership is a lifelong learning experience, and when they make a mistake they simply continue to move forward albeit by learning from their mistakes.
 
The ability to bounce back is a quality that every entrepreneur I’ve ever known, has in abundance.
 
When you blunder, get up and try again quickly. As one high-tech executive I know put it, “Our strategy is to fail forward fast.”
 
To your continued success!

 

Marcia Granger

Small Business Advice on Leadership

Understanding how to lead is an important ability for a small business owner, particularly when it can be difficult to receive good small business advice. The simple fact is that of the 26 million small businesses (less than 500 employees) in the US, only six million have employees. Of that six million, approximately 60 percent have less than five employees. Knowing how to effectively lead, motivate and manage is critical, especially when every hand counts. In developing your own leadership strategy, keep these aspects in mind:

In becoming a business leader, it is important to have set goals that can be measured.
Even something as common as training should have this same type of specified and measurable outcome, such as defining what success means, both for the team and the individual employee. By setting several smaller, attainable goals, every achievement will muster the confidence and morale of your staff, while every milestone provides a common focal point.

Developing a strategy toward business leadership also involves a high degree of courtesy? owning mistakes, apologizing for errors, keeping one’s word and giving as much as is asked. When business leaders incorporate these attributes, they set the pace for their respective teams. When employees see the business leader behaving the same every day, being just as courteous, just as level ?headed, just as hard working, they too will begin to adopt those traits. Setting this type of status quo should be a goal of any business leader.

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Becoming a business leader also means retaining one’s stature. It is important not to be personally emotive; staff looks to the business leader to see how situations are to be managed effectively. It is important that the business leader’s personal life not interfere/intermingle with his professional life. When the business leader’s name is heard, it should invoke thoughts of what excellent work he does or what a good manager he is, not that he does the funniest impressions or that he offered the best marriage advice. In the same right, the business leader should never play party to personal attitudes that may arise.

When developing leadership strategies for a small business it is important to humbly represent the goals of the business, rather than personal agendas. Small business managers commonly have a tendency to manage more by personal inclination than business inclination, be it the selection of products to sell in a store or who gets compensated for drinks at a restaurant. Neither example represents the business as an entity. The good business manager examines sales, profit reports and market analysis to make those determinations.

Using small business coaching can help you navigate the turbulent waters of the marketplace through marketing advice, financial advice and business coaching in general to help make sure that you do not make the types of mistakes frequently made by new small businesses. Visit the training site of successful entrepreneurs at  www.helpingyouhelpyourself.com for advice on being active in determining your financial success.

Business coach for a successful life

People who don’t have a business yet and are planning to have one, that’s why they decide to look for a business coach, to get the edge and a real head start.  By hiring a coach right away you will make the road towards success much shorter, smoother, enjoyable and you won’t have to deal with all of the problems others have to face. If you already have a business and you are experiencing problems and frustration such as low income, poor team performance and low profit, you need to hire a coach for effective business planning. Most of the times an unsuccessful business suffers from poor planning, poor management, poor leadership skills and bad strategy. If you are in such a situation it doesn’t mean that you are an unsuccessful business owner: it simply means that you need guidance and support from someone who knows a lot about the psychology of business and about real business success.

At Highly Effective Coaching you will find a business coach who can help you put your business back on the track and will hep you lead a more fulfilling life.

Darren Ward is a great coach for business, leadership and self mastery. He teaches you more than just business planning and how to be a successful business owner.  He is also a life coach as well, who helps you get to know yourself better, to recognize your strong points and your weak points and develop the way you wish to. This life coach offers you the tools to develop your strong suits, moreover you can also benefit from personal growth & self mastery with the help of this coach. In fact it is a good idea to start with someone who is great as a life coach as well. Only by getting to know yourself better, developing you leadership skills and business skills, learning more about business and yourself can you truly become a great business owner and successful business leader with a highly successful business, now and in the future.

Coach Darren Ward is a life coach and a business coach, helping people achieve their dreams, vision and goals, become like they wish to be and have a successful business. At Highly Effective Coaching you can find out more about him and even contact him if you feel that you would benefit from his services. Remember that coaching for business is not only great for a successful business and financial gain: it is also great for you as a person, because by hiring a coach such as Darren Ward you will also achieve personal growth.  If only more people knew about life coaching and what it means they would take advantage of it. Besides life coaching there are a lot of benefits of hiring this coach and visiting his website. Business coaching includes business planning, taking your business to the next level, achieving big goals, teaching you to stop postponing and be a person of action.

These aspects are relevant parts of coaching for business, and once you have learned them you will feel much better about yourself andyou will easily achieve your dreams, goals, aspiration and the success you want in your business and in your life.

The Travel Corporation, Under Tollman Leadership, Makes Valuable Contribution To Global Tourism Growth

The global economic crisis of 2008/9 left few industries unharmed. With continued caution being felt across the world even through 2010, it was difficult to find identify where there were signs of confidence, much less optimism. One industry was, however, able to offer positive signs of resurgent turn-around: travel and tourism.

 

Representing one of the world’s fastest growing economic sectors, travel and tourism has played a critical role in providing nations across the globe with valuable revenues, employment, investment and trade. In addition, it has become a way of emerging nations to compete on the world stage with stronger identity, pride and unity.

 

Even these strengths did not, however, insulate the sector from the global economic crisis. Following almost a decade of annual growth up until 2008, the industry felt a direct hit of the global recession, experiencing two years of dramatic declines in leisure and corporate travel activity. International arrivals fell sharply by -4% in 2009. Thankfully, as 2010 unfolded the first glimmers of recovery and growth began to appear by mid-year, with year-end results showing growth of +6% compared to the prior year.

 

The recovery and growth of the industry did not occur just through leisure travellers simply deciding that they now deserved a holiday, or business travellers’ confidence that the trip to new markets was worth the investment. Instead it was as a result of the active, assertive commitment of leaders of travel companies the world over. Continued investment into travel promotion, and unwavering faith in the value of travel to global economies and societies, saw the industry remaining acutely focused on the future of the sector. As stated by Geoffrey Kent, Founder and Executive Chairman, Abercrombie & Kent, Chairman, World Travel & Tourism Council (WTTC),:

“Recovery of the global travel and tourism sector has required unprecedented levels of commitment and investment by the leaders of the world’s tourism industry. Through a period of immense challenge, tourism leaders such as The Travel Corporation have had to dig deeper, applying exceptional vision and resources towards not just industry recovery, but resumed growth.”

 

The Travel Corporation (TTC), under the leadership of Brett Tollman as global CEO, is a leading company in the global marketplace. Founded over five decades ago and an active member of WTTC, TTC is a privately owned travel and tourism company composed of over 25 international travel and tourism businesses including niche tour operators, luxury hotels, boutique river cruises and other leisure interests. Today, this family-owned enterprise continues to drive growth and competitiveness within the global travel and tourism industry, with over 35 offices and more than 4,000 staff spread across five continents, TTC carries more that one million passengers every year. Importantly, central to TTC’s active participation in the development of the global tourism industry is TTC’s fundamental belief in the difference that travel can make to the lives of not just travellers, but to the people of the destination itself.

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For this reason, TTC worked tirelessly to halt declines in traveller activity, determined to restore the sector’s earlier growth trajectory, thereby protecting the livelihoods of all those people across the world that depended on the industry for employment and improved quality of life.

 

Emphasising the commitment of TTC to the industry to be far beyond the bottom line, Brett Tollman, global CEO of TTC explains:

“Travel and tourism has become an essential part of the lives of people across the globe. Without it people cannot improve their lives through the learning, interactions, understanding, opportunity, inspiration and personal growth that comes from international travel and travellers. For this reason, TTC remained acutely focused on the ongoing promotion of tourism growth during the period of global crisis. The recession did not weaken our resolve. Quite the opposite, it strengthened it, inspiring us to step up our efforts in markets that TTC was already working with such as South Africa, Australia, USA, Canada, UK and Europe, as well as investing in tourism growth in new markets such as Asia.”

 

Reflecting on how the global crisis impacted on traveller needs and expectations, Tollman continues:

 

“The recession increased the demands of travellers who not only wanted more for less, they wanted VIP experiences and treatment at VFM price levels. For TTC this raising of the bar was not an issue as service excellence has always been at the heart of everything TTC does, across every one of our businesses and for each and every one of our guests. Our staff live it, our guests know it and always appreciate it. We are a business driven by service.”

 

Still, the global downturn required that travel businesses turned up the focus on ways of identifying and meeting emerging traveler trends and needs. This meant investing into systems, services, insight and product innovation, all at a time when resources were under significant pressure. For TTC, this investment was seen as not a luxury but a necessity.

 

Gavin Tollman , CEO of Trafalgar Tours, takes particular pride in TTC’s approach to industry leadership through investment into what he sees as the essentials of true business leadership.

“At Trafalgar we are committed to ensuring that our growth as a business is based on our always being in touch with what matters to our guests, our staff, our operating environments and our travel destinations across the globe. This requires that we put ongoing emphasis on, and investment behind, understanding and responding to changes occurring in both traveler expectations, and travel sector approaches towards sustainable tourism.

From a traveller perspective, Trafalgar has always been at the forefront of guest experience innovation. We pride ourselves in creating travel experiences that make use of Trafalgar’s established experience and expertise in escorted touring, always ensuring guest enjoyment of authentic, individual experiences. Our “At Leisure” offering, a direct outcome of insight into travellers’ desire for more personalised local interactions while on an escorted tour, allowing guests the opportunity to enjoy hassle-free, guided vacationing with the flexibility of independent travel. It really is the best of both worlds, and also better for the world, as the very nature of coach touring yields a reduction in carbon footprint for travellers – something of growing importance to travellers. Through our continued investment to travel innovation our guests are able to enjoy experiences that honour their love of travel to new places. And we love taking them there.”

 

This enduring commitment to travellers, the romance of travel, and responsible tourism industry growth, is without a doubt why Trafalgar has become a leader in escorted touring, and a business leader in the travel sector.

 

While the commitment to growth of the greater global tourism industry is a fundamental principle of TTC, it cannot be assumed to be an approach taken by other travel companies. Still, as shared by Brett Tollman, leadership requires the confidence to not just do things right, but to do the right thing, for all.

“Growth and development of the global travel industry is not a choice, it is a duty. At TTC we take this responsibility very personally, and we will continue to, whatever the economic climate. We look forward to being a force behind continued industry growth in 2011 and beyond, and a continued source of inspiration for travellers to discover the world around them.”