Top 10 Traits of an Effective Leader

Posted on 1.April.2015 by Mike Winters | @amcomcap

Businesswoman leader in modern office

Image: javi_indy / Envato Elements

In 1954 the renowned psychologist Raymond Cattell developed the Leadership Potential Equation, which is still used today to screen job candidates and determine best placement within an organization or business. Cattell’s Leadership Potential Equation includes 10 traits that characterize an effective leader. How many of these 10 traits do you have?

1. Charisma. Leaders with a high level of personal charisma are capable of inspiring strong emotions in people, which they can use to motivate towards a common goal.

2. Compulsiveness. Good leaders are usually socially precise and perfectionistic, which means they’re very aware of their integrity and reputation and therefore very careful when acting upon something and making decisions.

3. Conscientiousness. Leaders are generally thorough and vigilant in their desire to do well, which usually means they’re efficient and organized, with the self-discipline to get things done with thoughtfulness and care. They have high standards and try their best to live up to them.

4. Dominance. Effective leaders are usually dominant, assertive, and competitive. They enjoy overcoming obstacles and are good at making and enforcing decisions.

5. Emotional Stability. Most successful leaders are emotionally stable. They are well-grounded with a decent level of self-esteem and they create an environment where people feel safe to bring their own ideas to the table. In other words, they don’t behave erratically or fly off the handle (most of the time, at least).

6. Empathy. Leaders must have the ability to put themselves in another’s shoes and understand where that person is coming from. Empathy is the key to building trust.

7. Enthusiasm. Good leaders tend to be expressive, energetic, and enthusiastic. Their enthusiasm is usually backed by optimism and openness to new ideas.

8. Intuitiveness. Everyone has blind spots—even the most well-informed leaders. That’s why it’s important for leaders to use their intuition and trust their gut when making decisions.

9. Self-Assurance. Most leaders believe strongly in what they’re doing and have little need for external approval. They are self-confident and bounce back quickly from mistakes or failures.

10. Social Boldness. Leaders are usually socially confident, extraverted, even fearless, and they enjoy challenges and risks. They’re right at home as the center of attention. Leaders who are socially bold tend to develop more relationships, which can become important resources.

And that’s it. Those are the top 10 traits of an effective leader. That’s not to say that there aren’t great leaders who fall short on one or more of these traits—there are always exceptions. But the more of these traits you exhibit, the more likely you are to be a strong leader. And if you’re lacking in any of them, there’s always work to be done to improve in those areas.

image description

Roy Brooks and American Commercial Capital, LLC, has provided invoice-factoring services to Houston-area small businesses since 2003. We work with businesses in San Antonio, Dallas, Austin, Fort Worth, Beaumont, Port Arthur, Corpus Christi, and other nearby Texas cities.

If you want to learn more about how cashflow-sensitive invoice factoring can help your business, give us a call at 713-227-3863, contact us here, or fill out our form for a free, no-obligation quote.

READ MORE FROM AMERICAN COMMERCIAL CAPITAL

Business Video Roundup: The CEO Test, How Empathy Drives Success & More

Business Video Roundup: The CEO Test, How Empathy Drives Success & More

Image: LightFieldStudios / Envato Elements

In this week’s roundup of great videos for entrepreneurs and business owners, Gary Vaynerchuk talks shop with Dell CEO Michael Dell, Brian Tracy explains how to use criticism as means of reflection and growth, and The CEO Test author Adam Bryant explores some essential points from his “leadership playbook.” Plus, Golden State Warriors head coach Steve Kerr sits down for a View from the…

Mike Winters 15.10.2021

Invoice Factoring vs. Bank Loans: 6 Reasons to Choose Factoring for Your Business

Invoice Factoring vs. Bank Loans: 6 Reasons to Choose Factoring for Your Business

Image: LightFieldStudios / Envato Elements

When it comes to injecting your business with positive cash flow, there are several reasons you should consider invoice factoring over bank loans. Invoice factoring, for those who don’t know, is the process of selling your accounts receivables to a factoring company, thereby turning your unpaid invoices into immediate cash. In other words, you’re not waiting 30 to 90 days for a client payment—you…

Mike Winters 8.10.2021

Business Video Roundup: How to Deal with Setbacks, Disrupt an Industry & More

Business Video Roundup: How to Deal with Setbacks, Disrupt an Industry & More

Image: friends_stock / Envato Elements

In this week’s business video roundup, Gary Vaynerchuk and Clearco’s Michele Romanow launch a new weekly series aimed to help you build your business, Maven co-founder Wes Kao reveals a better way to look at entrepreneurial setbacks, and Brain Tracy talks about his seven essential pillars of personal development. Plus, Stanford Graduate School of Business takes a deep look at the work environment post-COVID,…

Mike Winters 1.10.2021
Back
AMERICAN COMMERCIAL CAPITAL HOME

HOW MUCH COULD FACTORING INCREASE PROFITS FOR YOUR BUSINESS?

CALL 713-227-3863