- The power to take responsibility for failure.
In the era of the ‘creed of greed’ philosophy, where money, power and position are almost everything, few leaders today still believe in the concept of ‘Serve to Lead’. Yes, believe me, such leaders exist. They are classified as great leaders who willingly make personal sacrifices and accept responsibility for organizational failures. They put the interest of the common good first: their stakeholders, which include employees, government, customers, creditors, directors, suppliers, unions, and the community at large. A good leader possesses qualities like self-confidence, commitment, passion, good communication, and leadership skills, but a great leader focuses beyond all of these. They take a ‘make no excuses and accept the mistake’ approach to successfully transitioning from a group of collective individuals to a team of successful professionals. They lead by example!
By challenging adverse business situations when things go wrong, instead of playing the blame game, gossiping, badmouthing the government/economy/employees/creditors/misfortunes, avoiding, rejecting, or delaying the problem, great leaders take it 100% from personal responsibility by accepting that all mistakes are mine and choosing to address the situation and take sole responsibility (including financial) for solving the dilemma. Trust me, only after that, they were able to find solutions, solve the problem, and in a few years, they can take their company to new heights.” Great leaders accept that there is a problem, own up to the problem, try to find multiple solutions but select the most suitable, implement it and make sure they don’t repeat the same mistake twice.
- The biggest risk is not taking one!
There is one important skill that distinguishes dynamic leaders from the average: it is their affirmative ability to Take risks. There is a direct positive relationship between risk taking and entrepreneurship. Entrepreneurial success is about identifying your passion, taking rational risk, and exploring opportunities that others don’t see. Risk taking pushes you to think and act outside of your comfort zone, without which you become lethargic, conventional and content.”
Fear of change, failure, not being good enough, insufficiency, uncertainty, rejection, being judged are some of the reasons why people avoid taking risks, but not taking risks is the biggest risk of everyone in life. Risk takers are not random gamblers. Taking a calculated risk that is reasonable, sensible, and rational is extremely vital to achieving your desired goals. Good decisions are made based on data and smart institutions. It is necessary to explore all the options/alternatives before making any decision. They are well aware of the fact that sometimes risk may not pay off financially, but it offers a huge opportunity to learn, grow and improve your skills. In addition to this, risk taking helps us discover unknown areas inside and outside the organization, inspiring resourceful thinking, finding innovative solutions to an existing problem, and even overcoming fear of failure. Risk taking is scary, as it was said: “If it’s not scary, it’s not worth doing.”
