It is indeed true that hard-work pays, but learning from the experience of masters brings you an easier step closer to your destiny- Shadrach Onyarin.
If you hope to someday become a great entrepreneur, following the leadership secrets below will take you a long way,
sunday adelaja's blog
It is hard to go anywhere in the modernized world and not ever running
across a Wal-Mart store. The founding of this monterous retail
enterprise is non other then Sam Walton himself.
He is well know for his down-home style and personal touch anywhere he goes.
He wrote a book
about what he has learned over the years and what made him successful titled Made In America. At the end he listed 10 things he would pass on
to others.
Sam Walton’s 10 Leadership Tips
Rule 1: Commit to your business.
Believe in it more than anybody else. I
think I overcame every single one of my personal shortcomings by the
sheer passion I brought to my work. I don’t know if you’re born with
this kind of passion, or if you can learn it. But I do know you need it.
If you love your work, you’ll be out there every day trying to do it
the best you possibly can, and pretty soon everybody around will catch
the passion from you — like a fever.
Rule 2: Share your profits with all your associates, and treat them as partners.
In turn, they will treat you as a
partner, and together you will all perform beyond your wildest
expectations. Remain a corporation and retain control if you like, but
behave as a servant leader in your partnership. Encourage your
associates to hold a stake in the company. Offer discounted stock, and
grant them stock for their retirement. It’s the single best thing we
ever did.
Rule 3: Motivate your partners.
Money and ownership alone aren’t
enough. Constantly, day by day, think of new and more interesting ways
to motivate and challenge your partners. Set high goals, encourage
competition, and then keep score. Make bets with outrageous payoffs. If
things get stale, cross-pollinate; have managers switch jobs with one
another to stay challenged. Keep everybody guessing as to what your next
trick is going to be. Don’t become too predictable.
Rule 4: Communicate everything you possibly can to your partners.
The more they know, the more they’ll
understand. The more they understand, the more they’ll care. Once they
care, there’s no stopping them. If you don’t trust your associates to
know what’s going on, they’ll know you really don’t consider them
partners. Information is power, and the gain you get from empowering
your associates more than offsets the risk of informing your
competitors.
Rule 5: Appreciate everything your associates do for the business.
A paycheck and a stock option will buy
one kind of loyalty. But all of us like to be told how much somebody
appreciates what we do for them. We like to hear it often, and
especially when we have done something we’re really proud of. Nothing
else can quite substitute for a few well-chosen, well-timed, sincere
words of praise. They’re absolutely free — and worth a fortune.
