Five Self-Awareness Qualities Of Successful Business Leaders


If you’re looking to become a successful business leader, this episode of Four Minute Fixation is definitely for you.

Today in our Whiteboard Workshop we outline the five self-awareness qualities of successful business leaders.

These qualities are:

– Abundance Mentality

– Recognition

– Vulnerability

– Respecting Other’s Points Of View

– Not Harboring Resentment

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Here is the transcript from today’s episode of Four Minute Fixation:

Just how well do you think you know yourself. Join us today for the five self-awareness qualities of successful leaders here at Four Minute Fixation. It’s a whiteboard workshop. Welcome to another addition of Four Minute Fixation. Today we’re talking about the five self-awareness qualities of successful leaders. I’m going to show you those qualities on the whiteboard, but first I need to remind you to watch these videos all the way to the end. We always put a little something special after the credits roll, so make sure you stay with us all the way to the end of the video. Also, if you like the video, give us the thumbs up. Also, share it with a friend. Share it with somebody else. We love it when you share these videos. It helps us out so much. If you like the videos, give us a thumbs up on YouTube or on Facebook and share these videos with your friends. We really, really appreciate it.

Let’s get right to the five qualities, five self-awareness qualities of successful leaders. These qualities will help you out. Let’s see how you compare. Let’s take a look over at the board. You’ll see that quality number one, self-awareness quality number one for leaders, is having an abundance mentality. Having an abundance mentality is really important. What does this mean? So many people today have a scarcity mentality. That means that if I succeed, you fail, or my success in some way takes away from you or it takes away from someone else.

Nothing could be further from the truth. If I succeed, you can succeed too. In fact, I can help you succeed and we can both succeed together. One plus one could equal five, it could equal six, it could equal 25. Successful leaders have this abundance mentality, especially as it relates to money. There’s a sea of money out there. All we need to do is wade into it and go out and get it. When I make money, that in no way takes away from anyone else, because there’s enough money out there for everyone. If I help other people make more money, that in a way enriches me because it emboldens my confidence and allows me to make more money in return. That’s an abundance mentality. There’s more than enough for everyone. All you need to do is go out and get it.

Back to the board. You’ll see quality number two: successful leaders provide recognition. Successful leaders provide recognition. They recognize their employees. They recognize their guests. They recognize their clients. They recognize people who’ve gone above and beyond or done well for them. The next time you are out at a restaurant, stand up, shake hands with the waiter, and say thank you. Get the waiter’s name. Take the address of the restaurant. Write him a note card telling him that you appreciated what he did. We as a people are under recognized. Human nature is that we crave recognition. If you have employees in your company, in your firm, wherever you work, make sure you’re doing something a little bit special for each one of them to recognize the effort they’re putting forth. Make sure you’re recognizing your clients. Tell them how much you appreciate them on a regular basis. This is so important. So few people do it, that you will be a hero. Even more than that, you will make them feel like a hero, and that, my friends, is phenomenal.

Back to the board. Number three: make sure you show some vulnerability. Successful leaders show vulnerability. What do I mean by that? If you forget a word, it’s okay. If you make a typo, it’s okay. If you walk across the street and you stumble and you fall down, laugh at yourself. Allow others to laugh with you, or even allow them to laugh at you. When I teach my clients how to public speak, especially when I’m teaching them to public speak to a large audience or an audience of professionals, let’s say, people who think they’re smarter than everyone else, when I teach them to speak to those groups, the first thing I have them do is demonstrate some vulnerability by telling a story about how something happened to them.

Why do I do this? Because I want people to feel what these folks feel. I want them to feel something that is less than perfect. Because that’s the common denominator in all of our lives. None of us are perfect. None of us are perfect. That’s what we all have in common. With that common denominator, by showing some vulnerability, people can relate to you. They can make an emotional connection with you. That’s why this is so successful for leaders. That’s why this is such an important leadership quality.

Number four: respect opposing points of view. Successful leaders respect opposing points of view. These days, particularly in politics, it is very in vogue, shall we say, to bash other people’s points of view. It’s the thing to do to differentiate yourself. I hate that. That’s the lowest common denominator, is appealing to what other people hate. Respecting other people’s points of view doesn’t mean you agree with them. It simply means that you can entertain your point of view and your point of view in your mind at the same time. That’s all it is. That’s the definition of an intelligent person, someone who can entertain opposing points of view at the same time. A sign of intelligence is surrounding yourself with people who don’t necessarily agree with you. Why? Because you are fact checking your opinion, if you will. You are checking your thoughts with what everyone else thinks to make sure you balance your point of view and it’s rational.

Always surround yourself with people who can provide you with a devil’s advocate point of view. Devil’s advocate, by the way, is someone who argues a case against sainthood in the Catholic Church. That’s what the devil’s advocate is. It’s simply someone who presents the opposing point of view. In a consulting business or any business we would call this a red team. This is a team of people who are formed to make sure that every contingency has been thought of, and they attack the plans that are in place. Make sure you surround yourself with people who can present an opposing point of view so that you test all of your theories before they go out into the world, and you plan for every contingency.

Number five, point number five, is successful people air their grievances and they move on. They don’t harbor any ill will inside them. If I have a problem with you I’m going to tell you point blank, look, I have this problem. Here’s what you said. Here’s why I didn’t like it. What do you think about that? Is there anything we can do to work this out. After that conversation, it’s over, it’s done with. I move on. I don’t hold a grudge. Why? It’s unhealthy. It’s unhealthy for me emotionally, and that manifests itself physically in illness, so it’s unhealthy for me physically. I air my grievances and I move on.

Here’s the thing: you can never hold a grudge. Holding a grudge will be like an anchor weighing you down. It’s the ball and chain around your leg that you never ever get rid of. Air your grievances and move on. Never ever tolerate passive aggressive behavior. Your facial expressions and your words should always match your feelings. These are five self-awareness qualities that successful business leaders possess. It is my hope that you work on perfecting these in your own life. I try to perfect these every single day. I work on one of these qualities. Some days I work on multiple ones. I’m not there but I’m trying to be there, and that continuous improvement is what life is all about. Life, from beginning to end, is one big continuous improvement process. As long as you make progress, you’re succeeding. This has been Four Minute Fixation.

I’m Dave Lorenzo, and we’re here each and every single day helping you make a great living and live a great life.

Here are three additional videos you should watch to continue your process of personal continuous improvement:

Eliminate Limiting Beliefs

Whatever you believe, you can achieve. Believe you are successful or believe you are a failure. Either way, you are right.

How To Make Sure Your Next Presentation Is Successful

When people leave your next business presentation what will they take away? This episode of Four Minute Fixation will help you make certain you give them something valuable.

Use Facts To Make Better Business Decisions

This is a brief video that demonstrates the importance of rational decision-making. Look for facts when you make your next decision.