Posts Tagged ‘great leaders’

Thoughts on Leadership: Patience Is the Most Used Virtue of Great Leaders

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There are 7 billion people on the planet now – each unique in his or her own way. We engage in relationships – marriage, work, church, etc. – with people who are vastly different than we are and we often struggle to get along. One of the greatest challenges of leadership is learning to be patient with people. The payoff is huge, but it’s certainly not easy.

In his book, “Winning With People,” John Maxwell mentions five people principles, one of which is the “Patience Principle.” He explains that, “Our journey with others is slower than the journey alone.” This is so true, isn’t it?

Part of a leader’s job is to develop the people around them. With this in mind, it’s easy to see that the person you may be having a hard time with was placed in your path for a reason.

It’s not always the “other” person who presents the challenge, though. Sometimes we are the ones who aren’t easy to get along with. This is a humbling thought, but we certainly aren’t perfect in our relational skills either. This is why it’s essential for us to be even more patient with others.

How do you find that extra bit of patience?

It’s one thing to know you need to be more patient. It’s another to know how to practice it. Here are my thoughts on this:

  • See the gifts in people. Nobody is useless. Some people make themselves virtually so by their own destructive choices and when this happens in an organization, sometimes they have to go, but by virtue of creation, nobody is useless. Everyone has something to contribute.
  • See yourself in people. Try to find those characteristics of developing leaders that you once saw in yourself.
  • See the potential in people. Realize that your patience with someone today may give them a better chance at greatness, thereby extending your influence even further. Everybody has potential – some may not see it fulfilled – but everybody has it.
  • Make it a conscious decision. Patience with people doesn’t happen by accident. It’s purposeful and intentional. You know you’re going to encounter someone a little difficult today. Determine that you’ll have a predisposition toward graciousness.

Managing relationships is the tough side of leadership. Almost anybody can manage numbers and tasks. People make up every kind of institution and organization. Without people skills, we’re going nowhere, so make this your first and primary leadership discipline. Decide to be patient with people.

Without patience, we may not push through to the long-term results we desire. If we give up on people, we miss out on opportunities to help them grow. Not only that, we also short-circuit our own growth. In the real estate business, we may work with people who need extra attention and care. Dealing patiently with them is the best way to help them through those tough moments. It is impossible to control all the circumstances that can ruin our goal; in that case too, the only thing to do is to apply generous doses of patience.

Patience is a needed chapter in the book of leadership virtues. At Intero, we encourage everyone to develop patience and to recognize that patience can be developed in even the most impatient people. By gaining and maintaining a big picture perspective of your job and organization and by persisting with passion, you too can practice and perfect your patience. Seeing your patience succeed in the long run will be the best reward for your efforts.


Thoughts on Leadership: Learning to Ask the Right Questions

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“There are leaders and there are those who lead. Leaders hold a position of power or influence. Those who lead inspire us.”
- Simon Sinek, author of Start with Why

Learning to lead starts with learning to ask the right questions.

In the early 1900s, no man had ever successfully piloted an airplane. A highly qualified man named Samuel Pierpont Langley was dead set on doing it. He was a senior officer at the Smithsonian Institution and mathematics professor at Harvard, and he had the devoted support of his two close friends, Andrew Carnegie and Alexander Graham Bell, as well as the War Department (and its $50,000 grant).

Langley also had a dream team of some of the best minds and talents of his day, and the finest materials to work with. The press was following his every move. It seemed Langley would be the one.

But as we all know, he wasn’t. So, what happened?

Wilbur and Orville Wright ended up being the first ones to take flight. These two brothers didn’t have a college education and they didn’t have the kind of backing that Langley did. What they did have was an enthusiastic and dedicated team of people in their hometown who helped them as they worked on their flight machine in a small bicycle shop.

The brothers didn’t have the finest materials around like Langley and it was just a small group that witnessed them take flight in 1903 – not the gaggle of press Langley was getting.

What was the key to success? It obviously was not the connections, funds, education, or materials. If so, Langley would have been the first man to pilot an airplane. The key to success was why. The Wright brothers started with why. It was their greatest passion and dream to fly, and that passion inspired those around them to succeed. They truly led their team as opposed to just directing them.

The Wright brothers’ story shows that a contagious passion is the strongest component of leadership. Starting with why opens the doors – the right question.

This story is one of several that Simon Sinek examines in his book on leadership called “Start with Why.” In your leadership journey, he says, it’s important to start with this question of why and to learn to ask the right questions. This is because if you start with the wrong questions, eventually even the right answers will steer you the wrong way.

If two brothers who nobody knew could take this concept and become the first men to fly, then we as leaders can surely use this to truly lead our teams to success.

As Sinek says in the book, “There are leaders and there are those who lead. Leaders hold a position of power or influence. Those who lead inspire us.”

“Great leaders are able to inspire people to act. Those who are able to inspire give people a sense of purpose or belonging that has little to do with any external incentive or benefit to be gained. Those who truly lead are able to create a following of people who act not because they were swayed, but because they were inspired. For those who are inspired, the motivation to act is deeply personal. They are less likely to be swayed by incentives. Those who are inspired are willing to pay a premium or endure inconvenience, even personal suffering. Those who are able to inspire will create a following of people- supporters, voters, customers, workers- who act for the good of the whole not because they have to, but because they want to.”
- Simon Sinek


Thoughts on Leadership: How a Company’s Core Values Drive Everything

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“When you achieve complete congruence between your values and your goals, like a hand in a glove, you feel strong, happy, healthy, and fully integrated as a person. You develop a kind of courage that makes you completely unafraid to make decisions and take action. Your whole life improves when you begin living your life by the values that you most admire.” -Brian Tracy

When creating Intero in 2002, we made it a priority to immediately establish the company’s core values: integrity, compassion, loyalty, commitment and professionalism. We did not want to leave these key values to chance.

Many leaders neglect to create a system of values in their company from the get-go and are initially more concerned with what will bring the company financial success – investors, lenders, customers, etc. They let the company’s culture create itself, hiring those they feel have a moral head on their shoulders and hoping that consequently the combined principles of those employees will create a company with high values.

Great leaders do not leave their company’s values to chance. They take action and first create a company culture based on their values, knowing that they will attract the people who share their same standards of work.

Last Sunday, my mom handed me an issue of Inc. Magazine, with its headline story titled “How to be an Extraordinary Leader,” knowing that I would enjoy this article that promised to outline the strategies of four award-winning CEOs. When I read the article, I was excited to see that the strategies of the four CEOs were all the same: creating a strong set of core values in the company. I was intrigued by the diverse core values that each company embraced and focused on.

The two values that really stood out to me were:

Democracy at Namaste Solar
Every employee at Namaste Solar has the opportunity to vote on every decision the company makes. The CEO is “just another guy with a vote.” Decisions are made with a simple thumbs up, thumbs down vote and a 60% supermajority is required for something to pass.

We can learn from Namaste’s value of democracy. Everyone deserves to have his or her voice heard. Communication and collaboration when making decisions is critical to the success of a company because it creates a sense of unity and it ultimately leads to better decisions. Giving each individual a sense of authority and power in a company is important for establishing a genuine concern for the company’s success in every employee and for creating a sense of unity in a team. Democratic decision-making should take place on all levels and in all departments of the workplace. Confident leaders share their power with others.

Teamwork at Menlo Innovations
When hiring new employees, Menlo Innovations puts their applicants through “extreme interviewing” in which potential new employees have to work on various projects with different teammates. The entire interview consists of teamwork tasks and interviewees are judged on how good they make their teammate – the other applicant – look. Being a team player is critical in leadership. Strive not to be a supervisor, but to be a team leader.

Like Brian Tracy said, when you achieve complete congruence between your values and your goals, you develop a kind of courage that makes you completely unafraid to make decisions and take action to be a leader. Your whole life improves.


Thursday Thoughts On Leadership: If You Want To Lead, Grow

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“No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.”
– Heraclitus

Leaders and aspiring leaders would do well to heed this quote from Heraclitus, because, well, the ancient Greek philosopher had a point.

Things change. Constantly. And people who want to be effective in what they do change with them. If you’re not able to grow, to change, to shift and move with the times you will never be a great leader.

If you want to be a leader, you must always be learning and adapting. The hallmark of the humble leader is that they continuously strive to get better, to be open to the possibility that what they know and who they are today is not enough.

Pat Reilly, the great basketball coach, summed this up nicely:

“If you’re not getting better, you’re getting worse.”

Leadership is the single most important factor in the success or failure of a real estate office or company.  And getting good at leadership requires hard work – and a commitment to continuous improvement.

The good news is good leaders can be made. As legendary management scholar Peter Drucker wrote, “There may be such a thing as a natural born leader, but there are so few of them that they make no difference in the great scheme of things.”

So when an agent asks me on how they can one day become a leader and a manager in our company, I respond with these three things: 1.) Be coachable 2.) Be willing to grow, and 3.) Be in alignment with the Intero visions and values.

If you want to lead, you’ve got to grow.


Thursday’s Thoughts On Leadership: The speed of the leader determines the pace of the pack

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Market uncertainty has always played a role in our industry, but perhaps never more so than today. It seems each month there are new insights on what the market will do next. Have we hit bottom? Will it be a v-shaped recovery, or a u-shaped one? What does that even mean? As Realtors, our clients expect us to guide them through this process. Should I sell now? Should a buyer wait for prices to drop a little more… but what about interest rates? Change and uncertainty are difficult to manage and leaders need to navigate carefully without freezing in their tracks for fear of being wrong. We have to be careful how we lead in uncertain times but as renowned horse trainer D. Wayne Lukas once said, “The speed of the leader determines the pace of the pack.”

This does not mean you have to always be at full throttle. Being the fastest through the process is not always the answer. When I look at the most successful real estate offices I find that they are managed by good leaders that understand this. A good example is the manager/leader who goes to work everyday thinking, “what can I do to be better.” They are always looking for innovation and ways to improve their skills as leaders and managers. They understand that the process of leading is never complete. Their offices become mirror images of themselves. If the manager is motivated, the office is motivated. If the manager gets to work early each day the agents get to work early.

The legendary Green Bay Packer coach Vince Lombardi embodied this leadership spirit. He took a rag-tag crew of players and within two years molded them into champions. This wasn’t because of wholesale changes on the team. In fact, he only changed one player on the team that won 2 games in 1959 and won the championship in 1961. He did this by starting with himself. He said that, “Only by knowing yourself can you become an effective leader.” His uncanny ability to motivate others along with an insatiable drive to win molded him, but also shaped his charges.”

Many times in my career, I have witnessed agents without any business experience join an office with a great leader and take off because they are able to mold themselves into the image of the manager/leader.  I have also witnessed the effect of bringing new leadership into an office with little life and watching it explode. Bill Walsh had the same effect on his new team as did Vince Lombardi. He immediately created an aura of winning despite a history of losing in the years before he took over. Like Lombardi, he expected success first from himself and then from his players.

You can always improve and get better, and you can do it today, regardless of the market. Great leaders know this. This allows them to navigate through change. The manager/leader that goes to work every day working to improve is ready when a challenge or change presents itself, because they are already in the mindset that you have to adapt to whatever lies in front of you. This creates a focal point in the office that the agents can emulate. They too soon learn to come in every day deciding to be better than they have ever been. When this attitude infects the entire office, suddenly, uncertainty in the market does not present such a challenge.


Thursday’s Thoughts on Leadership: What makes a person an effective leader?

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In today’s world companies come and go every single day. This is caused by any number of reasons, but often you find that the ultimate demise starts with flawed leadership. It takes good strong leadership and management to guide an organization to success. While many people consider management and leadership to be synonymous, they are in reality two different concepts. A person can be a good leader, but if he does not know how to manage a company, that company will be destined to fail. Also, if a person has great management skills but lacks in leadership, no matter how good he is, if he cannot lead his employees towards the goal, then it is a failed attempt at success. Management is considered a job description whereas leadership is considered a trait.

So what makes a person a great leader? For one example, we can turn to the story of one of the most admired and respected leaders in American history, John D. Rockefeller. Among his many accomplishments, Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy.

In his decades of business, one of the key characteristics that propelled Rockefeller to success was his strong leadership abilities. It wasn’t his status, nor his age that made Rockefeller a great leader. Instead, it was his influence. People around him wanted to follow him; they were inspired by him to do more than they ever thought they were capable of. It was his ability to create a strong sense of teamwork and his own energy and passion that drove his workers and thus his company.

He was a real professional who possessed good character and above all a good sense of business. He knew his job and he understood human nature and the importance of caring for his workers. He possessed the ability to motivate his employees by setting the example and by being a good role model for the workers.

He was a great example of the fact that leadership is not a one way relationship. Because of his leadership, the people he worked with were inspired to achieve greatness too. Even his competitors joined him and achieved greater success following Rockefeller rather than competing with him! A successful New York refiner in his own right, Henry Rodgers, joined Standard Oil and became one of Rockefeller’s key men in the formation of the Standard Oil Trust.

By the time Standard Oil Trust was ordered to break up, it owned a 70% market share of the refined oil market in the U.S. It was broken up into 34 new companies. These included, among many others, Continental Oil, which became Conoco, now part of ConocoPhillips; Standard of Indiana, which became Amoco, now part of BP; Standard of California, which became Chevron; Standard of New Jersey, which became Esso (and later, Exxon), now part of ExxonMobil; Standard of New York, which became Mobil, now part of ExxonMobil; and Standard of Ohio, which became Sohio now part of BP. Pennzoil and Chevron have remained independent.

Quite the family tree and it all started with one effective leader.