What makes a good business leader? What skills, qualities and attributes help business leaders succeed? Penny Webb, Founder and Managing Director of Familias and Company, shares her insight into what qualities are needed to succeed as a business leader. Penny has consulted and coached 65% of the FTSE 100 CEOs, as well as executives and family offices, across Europe, Middle East, Asia and the US.
Reflect Continuously – The ability to take time to reflect on your own strengths so that you can build on them. Reflection helps to build self-awareness and enable business leaders to grow based on what they are good at. As Penny says, “Find out what you aren’t good at and stop doing it.” In fact, leaders spend a total of 2-3 weeks per year for self-development. Working with a private coach can help enormously in this regard.
Have a Clear Vision of Success – Good leaders have a good idea what they want to do and set out on a journey to achieve these goals. They are also able to establish what personal and professional success looks like and work towards these goals. If leaders are not clear and consistent in their own goals, how can others follow? A good exercise for any leader is to consider themselves at 80 years of age, looking back on what they have done and whether or not that would provide them with the contentment they are looking for to ensure they have lived according to what is truly important to her or him.
I will be covering the topic of “self development” across a number of posts given its importance in shaping our personal and professional lives.
Broadly speaking, executive coaches work with their clients in areas that are critical to growing an executive’s career. While executive coaches cover a variety of areas, almost always they will help hone their client’s career path, communication skills, executive presence, strategic thinking and conflict resolution skills, while also helping an executive during career transitions.
I have and continue to benefit from coaching. It has made a significant influence on both my professional and personal lives, and I have noticed the greatest influence in self-awareness, work/life balance, career planning, influencing others and in identifying strengths and weaknesses.
It is for this reason that I have often wondered why more companies don’t leverage executive coaching to further advance its leaders.