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10 Things You Need to Know To Become a Great Leader - James Altucher

The Vision Rule

Once your company gets big in size, it is challenging to keep track and know everyone. So the leader unites them by a Vision Story, in which he shares his vision to all.

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10 Things You Need to Know To Become a Great Leader - James Altucher

10 Things You Need to Know To Become a Great Leader - James Altucher

https://jamesaltucher.com/blog/10-things-you-need-to-know-to-become-a-great-leader/

jamesaltucher.com

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Key Ideas

More Success For Others Than For You

Everyone around you needs to become better than you.
Figure out how your employees, clients, and customers can be successful in what they are doing.

Constructive Criticism

Don't just say NO to something you don't like or want to change.

Say, 'Yes, and.." then provide constructive feedback on what is good and what can be improved.

One thing you are grateful for

Practice saying and recalling things that you are grateful for. It changes your mindset positively, leading to better productivity.

The Vision Rule

Once your company gets big in size, it is challenging to keep track and know everyone. So the leader unites them by a Vision Story, in which he shares his vision to all.

Face your fears and be free

A leader is always prepared for change. And realizes that pain is just an opportunity to live in a bigger and more abundant world.

Treat yourself with Dignity

Learn to put your foot down and respect your priorities instead of working according to other peoples convenience and time.

The good reason and the real reason

In almost all conflicts and problems, there are two reasons, the real and the good.

The leader's health

A real, great leader progresses daily towards better physical and mental health.
Ensure that your surroundings and your thoughts are healthy.

Do the things you love

Be patient and persistent in things that interest you, with or without money.
Explore and follow what you love, find your true calling, and you will find that money comes as a side effect.

Lead Yourself

Before you lead your company, you have to lead yourself.
Get better at the things you're interested in. Try to understand more deeply the painful experiences you've had, and take care every day of your health: physical, emotional, mental and spiritual.

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Avoid coming in with a pre-conceived plan

Chances are you’re being hired to fill a void and address current challenges that have been highlighted to you. 

Do not make the mistake of coming to the table with a pre-determined plan...

Become a sponge

Before you can formulate the correct course of action, you’ll need to learn all aspects of the business quickly. 

Sit in on as many calls and meetings as you can, and don’t be shy about doing so. Make sure that the team understands that you’re doing it for learning purposes only, so your actions aren’t misconstrued as micromanaging.

Notice patterns first

Give yourself time to notice patterns, and ensure that the changes you make address real problems and not one-off happenings. 

Making too many changes too quickly, especially when it comes to making cuts, may scare the strong players away and lead your team to be guarded with you. Ensure that key stakeholders who brought you onboard are aware of your approach.

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Dee Hock - Founder of Visa Credit Card

“If you look to lead, invest at least 40 percent of your time managing yourself.”

Dee Hock - Founder of Visa Credit Card
Shortcomings of leaders

Being a leader is a little like being a parent. You have all the best intentions of how great you will be and how you will avoid the mistakes you see other people make.

But, people in a leadership role find it is not that easy; they have too much to do and not enough time; they don't properly think through their priorities; they assume that people beneath them will take care of a lot of problems.

Do a "character traits check"
  • Think of someone you thought was a bad leader and list any of the negative behaviors they displayed.
  • Ask yourself if you share any of those behaviors — score 1 for not likely to 5 for very likely: for instance, someone who kept important information away from employees, a micromanager, a vague communicator, a yeller, someone who didn't keep their word.
  • After you identify your potential areas of improvement, make a plan for how you'll work on them.

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Depression and medication

Doctors for long treated depression as something inside your brain, which can be treated with meds, with no outside influence.

Certain exceptions (like losing a loved one and this leadi...

Isolated diagnosis

To treat someone who seemingly has depression, while isolating this from any other situation, event or circumstance that might have triggered it is a flawed way to diagnose a potential mental illness.

The root cause of the problem of depression is not addressed in this way.

Happy pills

Antidepressant prescription and eventually their doses have doubled over the past decade, yet depression and anxiety are spiraling out of control.

The real cause of depression does not seem to be completely inside our heads, and pill-popping is just a stop-gap measure, which may even be harmful.

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