Thank you for your time and attention! 😉
Successful leaders are the power and intellect behind their organizations. They are the visionaries charged with steering their brand around pitfalls. They must know when to seize opportunities and how to rally employees to work hard toward their company’s goals.
Effective leaders transcend the title of “manager” or “boss.” They have found a way to achieve the right combination of charisma, enthusiasm and self-assurance, probably with a healthy dose of luck and timing.
It may seem like some people are just gifted with these skills, but the truth is most leadership traits can be learned and sharpened with time and practice. You can begin building your success by developing these 11 must-have traits of a powerful and successful leader.
Watch on Forbes:
It’s hard to manage others effectively if you can’t manage yourself. Self-managing means being able to prioritize your goals and being responsible for accomplishing those objectives. As an effective leader, you must be able to regulate your time, attention and emotions, while remaining aware of your strengths, weaknesses and potential sources of bias.
Exceptional leaders are adept at handling stress and balancing their personal and professional lives. But you must also remember the importance of compassion and be able to respond to people and events in an appropriate way. Remember to maintain self-control and discipline in your actions, though you should avoid becoming overly reserved or inflexible.
2. Acting Strategically
A forward-thinking, open-minded approach is necessary for today’s leaders. According to a Harvard Business Publishing report, Leading Now: Critical Capabilities for a Complex World, “Leaders must always be prepared to adjust their strategies to capture emerging opportunities or tackle unexpected challenges.” Thinking strategically is an ongoing process that involves assessing your business environment. You can cultivate strategic thinking by:
• Being curious and genuinely interested in your company and wider business environment,
• Being flexible in your mindset and trying new approaches and ideas,
• Focusing on the future and thinking about your company’s operational conditions, and
• Maintaining a positive outlook.
3. Being An Effective Communicator
Powerful leaders know when to talk and when to listen. They are effective communicators and are able to clearly and succinctly explain to their employees everything from organizational goals to specific tasks. If people don’t understand or aren’t aware of your expectations, they will fall short, so the more specific you can be, the better.
You need to be able to communicate on all levels: one on one, to the department and to the entire staff, as well as via phone, email and social media. Communication is built on a steady flow of verbal and nonverbal exchanges of ideas and information, so work on being approachable and involving people from different levels.
4. Being Accountable And Responsible
Successful managers know how to use power and authority appropriately without overwhelming or overpowering employees. Effective leaders hold themselves accountable and take responsibility for their own mistakes—and they expect others to do the same. They can work within established procedures, and be productive and efficient in their decisions.
They appreciate the importance of supporting and encouraging individuality while also understanding organizational structures and the need to follow rules and policies. They are able to balance different perspectives while taking appropriate action.
5. Setting Clear Goals And Persisting In Achieving Them
Here is a boiled-down version for acquiring charisma: Set clear goals and be determined and purposeful in achieving them. Back it all up with unshakable self-confidence. If you radiate enthusiasm and are truly excited about what you’re doing, people will be naturally drawn to you.
Remember that writing your goals down is key to the success of both you and your company. But accomplishing those goals takes time. If you give up, so will everyone around you. To be a successful leader, you must be willing to keep going when others are tempted to throw in the towel.
6. Having A Vision For The Future
Exceptional leaders have the ability to look into their company’s future and make clear, concrete goals that will benefit their organization. They are confident and optimistic, inspiring enthusiasm in those around them.
Being a visionary is about managing change while striking a balance between stability and growth. You must incorporate new approaches without getting distracted from the main goals.
Being a visionary means understanding that continuous change is occurring all around you, so what worked in the past may not always work now. Practice being adaptable and agile as you implement new strategies and allow your business model to evolve over time.
7. Managing Complexity
Leaders must be problem solvers who can make decisions under rapidly shifting circumstances. Learning to lead in a complex environment is a vital skill for any leader. Even before any definitive information is available, effective leaders must assess a situation’s complexity and choose appropriate courses of action.
According to a Harvard Business Publishing report, that means being able to scan the environment in search of subtle trends and indicators of disruptive change, and establish practices that allow your organization to respond swiftly.
8. Fostering Creativity And Innovation
Leaders must have the courage to risk experimentation and encourage creativity. Doing this will foster the innovation that will steer your organization to new destinations and around the twists and turns of a changing business landscape.
The key is to always be persistent in pursuing your goals, and open minded and flexible in how you get there. Encourage the people around you to spend at least 15 percent of their time exploring new ideas through brainstorming and prototyping.
9. Team Building And Promoting Teamwork
Successful leadership is built on the people around you. Team building is essential to leading a diverse and unique group of people with distinct personalities, motivations and skills.
Strong teams and teamwork are key to achieving many of things on this list, such as fostering innovation, effective communication and achieving your organization’s goals. If you recruit and develop the right team, you will be creating an unstoppable force that will drive your organization’s success.
10. Creating Lasting Relationships
Compelling leaders do more than just inspire others to follow them; they know how to motivate their employees to strive wholeheartedly for their company’s goals. Employees who feel valued and appreciated, who feel like what they do makes a difference, will feel invigorated to push harder to achieve success for their company.
Outstanding leaders also understand that they need to be effective at networking, not just to advance their own careers, but for the benefit of their organization. By creating a vast and varied network of people, leaders establish impactful relationships with customers, clients, partners and even competitors.
11. Learning Agility
Truly great leaders know that the strength of their leadership is built on their ability to adapt to suddenly changing circumstances and to know how and when to seize on opportunities amid a changing landscape.
Having an insatiable curiosity will fuel your desire to constantly learn and grow. Learning agility hinges on developing critical thinking skills, being accepting of uncertainty, having social and emotional intelligence and always having the desire and determination to push forward.
I am a serial entrepreneur, marketer and bestselling author of A Paperboy’s Fable: The 11 Principles of Success. The book was dubbed the #1 best business book in 2016 by Success Magazine and named the best book for entrepreneurs in 2016 by Entrepreneur Magazine.
Photo By post406
So two weeks ago I was going to write a series of updates on Bitcoin and the crypto markets for everyone, but then I decided to hold off until this week.
Well I had the chance to interview the billionaire Founder of Activision/Blizzard Games… The same company that produces Call of Duty and World Of Warcraft.
His name is Howard Marks, and the reason I wanted to include his interview in this series of updates, is that Howard is also very involved in the crypto space.
As you'll learn this week, blockchain technology is going to revolutionize gaming in a massive way.
So I'm going to spend the next few days updating you on everything that I can in the crypto space, and I'll be releasing Howard's interview on Tuesday, so keep any eye out for that.
In the mean time, I want to kick off the series today with the one big question that's been on everyone's mind…
Why did Bitcoin and cryptos have such a big drop from $6,000, down to $3,000 in November?
Well, I jokingly admit that it was really all my fault…
You see, back on July 17th, I posted an incredibly important podcast with the world’s #1 crypto analyst, Teeka Tiwari, about the state of the market and where it’s headed in the years to come.
At the time, Bitcoin looked like it had bottomed around $6,000, and then it happened…
At the 17 minute mark, I told Teeka that the single biggest wish I had for Christmas, was for Bitcoin to drop down to $3,000.
Well it looks like the big man was listening, and I got my wish 🙂
So why did I want the market to crash?
The key to making incredible returns on any kind of investment, is buying low, and selling high.
If you’ve been a reader here for the past year, you probably know that I bought my first Bitcoin back in 2013 when it was $70.
And then most of it got stolen in the Mt. Gox hack. 🙁
I started buying back into Bitcoin at $900, and I bought my first batch of Ethereum in 2016 when it was just $7 – $10.
And I’ve been buying more every chance I get.
I bought BTC all the way up until it hit $17,000, and then I bought more on its way down at $8,000, more at $6,000, and more recently at $4,000.
I haven’t sold one single dollar of my crypto holdings. I’ve simply been using this downturn in the market to continue adding to my positions and cost-averaging down.
Because if you’re paying attention to what’s happening behind the scenes when it comes to developments in legislation, the technology, and on Wall Street, you can only come to one logical conclusion…
Bitcoin and crypto assets are just getting started. We’re in the 2nd inning of a 9 inning game.
I truly believe this is the single biggest investment opportunity of my lifetime, (and yours), and I believe this cyclical (now the 3rd major boom and bust), downturn in the market is the last chance that you and I will have to buy low, sell high, and make life-changing gains in the process.
That’s why I told Teeka that I hoped we saw another big crash, because I’m a buyer, and I want to buy as much as I can, as low as I can, while there’s blood in the streets because that’s how wealth is made.
Skeptical? Don’t believe me? Think Bitcoin is dead?
I get it.
But this is the 3rd Bitcoin boom and bust cycle I've been through, and there's a reason why I just keep buying more.
If all you're looking at is the short-term price, you're going to miss the incredible opportunity that's just been handed to you because there is A LOT of really big developments taking place that aren't reflected in the price chart.
Over the next few days, I’m going to do my best to bring you up to speed, and then you can come to your own conclusion.
So today let’s start with the “bad” news, and I put that in quotes, because the big drop we’ve seen in the market is only bad news if you don’t really believe in the asset class, and you’ve decided to sell at a loss.
If you’re in the market for the next 2-5 years, this downturn is the biggest gift you could ever ask for, which is why it was on my wish list.
Regardless, it’s important to know WHY the price has dropped, and there is only one primary question that needs to be answered…
“Has something fundamentally changed about the technology that had reduced Bitcoin's real value? Is Bitcoin broken?”
Because if that’s the case, then the sell-off if warranted.
But it’s not.
Bitcoin is working exactly as designed, and the technology, (such as the Lightning network), is only improving, but I’ll get into more specific examples of that tomorrow.
So that means that the market crash is simply a result of people being people.
They are selling because they want to take profits, or because they need the cash, or because they bought in for the wrong reasons and want out, or because they have an interest in manipulating the market lower.
Bitcoin had formed a really nice bottom at the $6,000 level the past few months and it looked like it was getting ready for its next big run up.
All that was needed was a catalyst that would create a race to buy back in.
But then the market dropped sharply on November 14th, from $6,400 below it’s support level at $6,000.
This triggered a massive decline as sell orders that were set in place at that support level, were automatically triggered. As the price declined, more sell orders were triggered, pushing the price down in a self-perpetuating spiral.
So what was the catalyst that caused the sell-off to begin with?
While no one can say for sure, there are three likely reasons that all occurred around the same time…
1: Launch of Bakkt Exchange Delayed By 6 Weeks…
One of the most anticipated and bullish developments in the crypto market was supposed to take place this week on December 12th… The launch of the Bakkt platform.
Bakkt is the first big Wall Street endeavor into crypto. It’s owned by ICE, which is the same company that owns and runs the New York Stock Exchange.
Bakkt is designed to serve as the first major on-ramp into Bitcoin for large Wall Street institutions, providing SEC approved futures trading, settlement, and secure custody services.
But… They have also partnered with Microsoft to build the cloud infrastructure, Starbucks, and BCG to start laying the groundwork for everyday consumer use.
Here’s what Starbucks has to say about their role specifically on their corporate website…
Obviously, the launch of Bakkt is a really big deal for the crypto markets, but on November 20th, they announced that they needed to delay the launch until January 24th of 2019.
There’s a very good chance that a few large insiders knew this news was going to be released on November 20th, and they sold their Bitcoin holdings on the 14th, anticipating the news would send the markets lower.
As of this past week, the official launch date of Bakkt is a bit unclear. They are waiting for final approval from the CFTC, but the government shut down has now put that stamp of approval in a holding pattern. I don't think Bakkt will launch in January at this point, but I'm confident it will happen at some point during Q1 this year.
2: The War Of The Nerds…
The second, (and most likely) reason for the dramatic sell-off and price drop on November 14th, was the impending hard-fork of BCH (Bitcoin Cash).
Without boring you with too much detail, the primary developers and stakeholders in Bitcoin Cash, (BCH) Jihan Wu, Roger Ver, and Craig Wright, came to a difference in vision and philosophy for the coin that couldn’t be reconciled, so Craig Wright decided to create a hard fork, and start his own version of Bitcoin, “Bitcoin SV”.
Often times, a hard fork that’s started between two competing factions involves a fight for “hash power”, or the amount of computing power available on the network to verify transactions. The blockchain with the most hash power wins the fight and retains dominance.
Well their hard fork took place on November 15th… The day after the crash below $6,000.
What’s the connection?
Jihan, Roger, and Craig are some of the largest Bitcoin holders and miners in the world. They control billions worth of BTC and BCH, and Jihan’s company, Bitmain, is about to go public. There are billions of dollars at stake.
Not only did their split cause a loss of confidence in the market, it’s largely suspected that one of the parties sold off a significant amount of BTC in order to buy enough hashpower to win the fight.
In fact, Jihan said exactly that himself…
So between the “War of the Nerds” and the delay in the launch of Bakkt, Bitcoin was pushed below it’s $6,000 support level, initiating a wave of automatic sell orders that has led to down the current price.
And then there was the final nail in the coffin…
3: ICO's Liquidate Their Holdings To Stay Afloat…
Much of last year’s gains were due to the massive influx of investment capital into ICO’s, or “Initial Coin Offerings”.
Thousands of alt-coin projects raised money by offering their tokens at a discount in exchange for Ethereum.
As the price of Ethereum has dropped after December’s bubble, these companies realized they needed to cash out of the Ethereum they raised, so they started selling in quantity, pushing the price of ETH all the way down from $1,000 in December, to just $83 as of this morning.
All of these events have come together to give you and I a second bite at the apple… The bite I was hoping for in that podcast… before Wall Street truly enters the market in the coming year.
If you want to invest in Amazon, would you rather buy in at $1,500 per share, or $150?
We'll I want to invest in Bitcoin, so I definitely prefer buying-in at $2K-$3K, instead of $6K+.
Have we officially seen the bottom? I don't know. No one does, but we're down about 80% from the all-time high, which is good enough for me.
Unless you have a crystal ball that will allow you predict the future, the best way to buy into this market is to average in on a weekly basis.
For example, if you're monthly investment budget for crypto is $400, then you'd simply buy $100 worth of Bitcoin each week.
Once the next run up begins, (and it will), I don't believe that we'll ever see prices, or an opportunity, like this again.
So now that you have a better understanding of what’s been driving the price down, tomorrow I’m going to share 14 developments with you that are going on behind the scenes that will drive prices to new highs…
New companies, projects, and government policies that are on the way that will fundamentally change the industry, and the world, and that can give you the opportunity to create incredible wealth.
A pet ‘could be key to tackling loneliness
Welcoming a pet into your home could be key to tackling loneliness, research collated by national charity Blue Cross suggests.
The national pet charity looked at the research before Christmas, a time when loneliness is often intensified for those without friends, family and loved ones to celebrate with during the festive period.
The academic research showed that welcoming a pet into your home can help alleviate loneliness and help people to feel part of society around them.
For widower Mike Elliston, eight year old Jack Russell Flora helped to a fill a void in his life when he rehomed the former stray from the charity’s rehoming centre in Wherstead, Suffolk.
Mike was ‘feeling quite lonely and lost’ until Flora came into his life.
Photo: Blue Cross
The 75 year old, who had lost his wife and their rescue dog Molly just months apart, said: “She’s brought me companionship and some joy back into my life.
“It was a double blow, losing Molly. She had been a big part of our lives. I was obviously feeling quite lonely and lost before Flora came along.”
The effects of loneliness cannot be understated, specifically around a time of year traditionally perceived to be about family, sharing and togetherness. Often loneliness entangles itself amidst other symptoms of depression, low self-esteem and anxiety.
For Rachel Bowles her Blue Cross rescue dog Hunter helped her to leave the house for the first time in a year after her spinal cord was damaged during routine surgery – leaving her in a wheelchair and unable to walk.
Rachel’s rescue dog Hunter has helped to transform her life for the better
Photo: Helen Yates / Blue Cross
Rachel, 44, was forced to give up her full time job and while her husband Jeff was out at work she felt isolated and lonely with no one to talk to. But her lovable rescue Staffordshire bull terrier Hunter has changed all that, giving her the confidence to get out and about and talk to people they meet in the street.
“For me things have changed because I have company in the daytime now and someone to talk to and a reason to get out and about and I feel more confident on my mobility scooter if I’ve got the dog with me,” Rachel said.
The research collated by Blue Cross showed people feel significantly less lonely than non-pet owners after eight months of pet ownership. Similarly, those reporting feelings of loneliness three or more times a week dropped from 36% to only 13% within just a few months of owning their new pet.
Among those who had a pet, seven in ten reported talking to more people outside of their home, including other animal-owners and non-animal owners.
“Just the comforting patter of paws in a home can make us feel safe, secure and loved,” said Tracy Genever, Head of Education at Blue Cross.
“Pets can help us in so many ways from rescuing us from loneliness, giving us confidence and motivation to calming and supporting us.
“While we would always disagree with giving a pet as a surprise present, Christmas can actually be a perfect time to introduce a new companion into your home if you’re on your own at this time of year and bring much joy and love to a home.”
Photo By Infomastern