What is Executive Leadership?
What is Executive Leadership?
Executive leadership is a key component of the SCALEit Method™ for successfully growing, replicating, and expanding your business.
To grow your business to ten times its size, you will need to elevate your own personal growth and leadership by twelve times to handle all that growth.
Remember: being a leader is like life—it is an ever-evolving journey.
In Scale or Fail, author Allison Maslan includes a twelve-point leadership assessment to see where you stand up as a leader and areas you need to work on the most.
Take this leadership assessment periodically to check your progress toward being a great leader.
LeadING YOUR TEAM
Leading your team is quite different from managing and directing them—they need communication, guidance, support, independence, and, most important, inspiration.
As we discuss in Scale or Fail, your ultimate goal is to shift from being the boss to becoming a leader.
Your end game is to remove yourself from the equation and build a team-managed company.
Your role as the founder is to let go of the day-to-day operations, to strategize and build relationships to super-charge growth, and to inspire your team to achieve greatness.
This is your time to coach, mentor, and ask questions—not to dictate or berate.
Training YOUR TEAM
Leaders in executive positions are there to show the way, set the direction and vision, make the high-level decisions, establish the company organization and department structure, review annual revenue and profit targets, select and train the right people for the job, decide on new or existing products or services to improve or develop, determine budgets and capital expenses, and deal with anything of a legal nature.
Your team needs to be trained to become self-sufficient and empowered to make appropriate day-to-day operational decisions.
You need to establish a protocol where your senior employees or team leaders have approval authority—and then you must stand by it, despite the temptation to micromanage them.
Building Your Confidence
Executive leadership teams must work on their confidence all the time.
They have to be able to handle the entrepreneurial roller coaster: business shoots up, business plummets, business shoots up again.
Simply accepting this fact can help you become a more resilient leader.
When the roller coaster is at the bottom or creaking upward, you know that sooner or later you’ll once again be at the top and will come swooping down.
As Irish poet and playwright Oscar Wilde once quipped, “To expect the unexpected shows a thoroughly modern intellect.”
What constitutes success is how fast you get back up after being knocked down.
After getting KO-ed by a failed business deal, the resilient leader doesn’t curse, assign blame, or sulk.
Rather, she jumps right back on her feet and asks, “Okay, what are we going to do about it?” Her brain goes straight into solution mode.
Elevate Executive Leadership From Within
One of your roles as the team leader is to groom other leaders.
If you elevate and train your team to take on increased responsibility and move up the ladder, then you will be freed up to do even more innovative things and will have someone to cover for you when you need to be involved elsewhere.
To scale, you need to ultimately replicate yourself and surround yourself with other leaders, which will create a powerful organization and a motivated culture.
Executive Leadership for a Truly Successful Business
Pinnacle Global Network members routinely multiply their revenue within 6 to 18 months of joining the group.
The enhanced executive leadership that you develop, which stems from our enriching and comprehensive business coaching, could mean doubling or quadrupling your revenue—or even greater achievements.
When you have a dedicated mentor, on-demand resources, regular meetings with fellow owners and leaders, and so much more on your side, you put yourself in the driver’s seat on the road to success.
In other words, passing up the opportunity to join our exclusive network could mean giving up a massive portion of your company’s potential future revenue. Unfortunately, that’s not the only price you could pay for failing to seize this opportunity.
It’s all too easy to keep taking a brute-force approach to executive leadership—to waste time on activities that should be delegated to your staff and that fail to produce crucial, high-value results. In turn, that means wasted energy and feeling frustrated and drained. That can ultimately damage your health and personal relationships, just because your business demands oh-so-much attention.
You know that there’s a clearer path forward, one that connects you to resources that empower positive change and lead to real improvement. You have the power to optimize your company’s executive leadership, to invest in developing yourself as an effective owner and steward of your business. Pinnacle Global Network can transform that intent and desire into real results.