{"id":16297,"date":"2023-10-04T16:25:46","date_gmt":"2023-10-04T16:25:46","guid":{"rendered":"https:\/\/mysourcefunding.com\/startups\/how-to-build-a-skilled-and-effective-leadership-team\/"},"modified":"2023-10-04T16:25:47","modified_gmt":"2023-10-04T16:25:47","slug":"how-to-build-a-skilled-and-effective-leadership-team","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=16297","title":{"rendered":"How To Build A Skilled And Effective Leadership Team"},"content":{"rendered":"
\n

Ray Titus is CEO of <\/em>United Franchise Group<\/em> (UFG), a global leader for entrepreneurs with brands in over 1,600 locations in 60 countries. <\/em><\/p>\n

Few companies, if any, advance under the command of a single person. Even the military usually requires a team of leaders to work together to accomplish a common goal. And that\u2019s the challenge. Many of the qualities that brought your executives to the top, like personal ambition and self-direction, don\u2019t easily lend themselves to working with others. So, when forming a leadership team or evaluating the effectiveness of leaders already in place, you\u2019ll need to look for some unique qualities.<\/p>\n

I often start with achievers I admire for their ability to match up with talented people so they can accomplish great things together. I look up to them for their toughness in the face of adversity and their determination to stay for the long haul. Following their example has helped me become an energetic, passionate leader who believes in setting high goals and holding people accountable\u2014especially myself.<\/p>\n

Lessons From Great Leaders<\/h2>\n

The first great leader I learned from is my father, Minuteman Press founder Roy Titus. He turned one print shop into a phenomenally successful network of full-service franchises by, among other things, knowing how to put the right people in the right place to lead their franchise operations. He believed that when your people are based in multiple locations around the country and even the globe, you have no choice but to trust each team to lead effectively.<\/p>\n

<\/fbs-ad><\/p>\n

Trust is also essential in the leadership style of legendary investor Warren Buffett, who is known for a hands-off management style at his companies. If you don\u2019t believe in your managers\u2019 ability to steer the ship, why did you put them at the helm?<\/p>\n

Abraham Lincoln has been ranked as one of our greatest presidents since leading the nation through a bloody and harrowing Civil War that kept the Union together. One of his most effective strategies was surrounding himself with a \u201cteam of rivals\u201d instead of people who always agreed with him, so he could be sure that anything he proposed would get a thorough review.<\/p>\n

I\u2019ve also taken a lot of life lessons from basketball, including the importance of teamwork. Legendary coach Pat Riley knows how to bring high-achieving individuals together to put their skills in service of the group rather than their own glory, no small feat in a sport with so many superstars\u2014and superegos.<\/p>\n

What, then, should you look for when building and nurturing your own leadership team?<\/p>\n

Five Qualities Of Effective Leaders<\/h2>\n

I\u2019ve seen my companies thrive under people who exhibit five essential traits:<\/p>\n

1. They are positive.<\/h3>\n

This is non-negotiable, for it sets the whole tone for the team. In challenging times, they have to know there are solutions that they have the power to achieve. You must be honest, but positivity gives people the power to make a difference.<\/p>\n

2. They lead by example.<\/h3>\n

You can tell your people what you want, but modeling the behavior you seek is the best way to get it. I also make sure not to ask anyone to do something I\u2019m unwilling to do myself, whether working extra hours when necessary or taking time off to rest and recharge.<\/p>\n

3. They always consider both sides of a story before making a decision.<\/h3>\n

Every story has two sides, and the facts don\u2019t always match\u2014not that their advocates are trying to be intentionally misleading, but they will naturally emphasize what they think will win their case. Don\u2019t make any decisions until you\u2019ve weighed both sides.<\/p>\n

4. They outwork everyone.<\/h3>\n

This is one of the behaviors you need to model. I don\u2019t just mean putting in more hours. I\u2019m also talking about making sure every aspect of every project is thoroughly and impeccably accomplished.<\/p>\n

5. They ask questions.<\/h3>\n

Failing to ask questions is one of the flaws you most want to look for. Are they a know-it-all who thinks they don\u2019t need additional information? Or do they just not know enough about the subject to ask the right questions? Either way, it\u2019s a red flag.<\/p>\n

Finding And Nurturing Leaders<\/h2>\n

Watching your organization for employees who show these qualities will yield great candidates for leadership. See how they collaborate with their team, and you\u2019ll get a sense of how they\u2019ll lead at the top. If you must go outside, have several of your most trusted people interview candidates and get specific examples of their successes and failures. Be aware that no matter how thoroughly you interview and investigate someone, it\u2019s never 100% guaranteed they\u2019ll succeed in your organization.<\/p>\n

Culture is another variable\u2014will they fit in? Having diversity in your people reduces groupthink when everybody automatically agrees with each other and ignores alternative solutions that might work. But the individuals must still fit the culture. Will people want to work with them and for them?<\/p>\n

Remember that leadership is a tool that has to be sharpened regularly to work right. Include some leadership-building exercises in your annual or semi-annual strategy sessions, if you have them. (And if you aren\u2019t having them, why not?) In between these meetings, encourage your team to take classes or read books on the subject. At my company, we believe in lifelong learning and urge our teams to take a topic and learn all they can about it.<\/p>\n

The best way to sharpen leadership skills is to use them. Once your leadership team is in place, make sure you\u2019re letting them lead.<\/p>\n

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ray Titus is CEO of United Franchise Group (UFG), a global leader for entrepreneurs with brands in over 1,600 locations in 60 countries. Few companies, if any, advance under the command of a single person. Even the military usually requires a team of leaders to work together to accomplish a common goal. And that\u2019s the […]<\/p>\n","protected":false},"author":1,"featured_media":16298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[77],"tags":[],"class_list":{"0":"post-16297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-startups"},"yoast_head":"\nHow To Build A Skilled And Effective Leadership Team | Brandiary<\/title>\n<meta name=\"description\" content=\"Ray Titus is CEO of United Franchise Group (UFG), a global leader for entrepreneurs with brands in over 1,600 locations in 60 countries. 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