The Successful Leader
What does it take for successful leadership?
When some of the greatest leaders are asked this question, what kind of answers do you think they would share? I remember at a business meeting one time when the speaker was asked this question and without hesitation, he remarked, “my success is based on the fact that I surround myself with people that are smarter than I am. All I have to do is point them in the right direction and GET OUT OF THEIR WAY!”
Have you ever worked for someone that was constantly over your shoulder impeding every move you made? Did you notice when they took the day off, the team was able to accomplish so much more? Did you notice their jealousy when someone else came up with a great idea (instead of them)?
Henry Ford wound up in court defending himself on his intelligence. He was asked a question to test his level of intelligence and his answer was a shock. His answer was that he had a row of buttons on his desk and if he needed an answer to a question, he would press one of the buttons and someone would come out and answer his question. He further stated that he didn’t need to clutter his mind with worthless information that took his attention away from what he needed to focus on. Henry Ford’s was a Successful Leader because he knew how to lead a great group of people.
THE SUCCESSFUL LEADER
In the recent post, What Tax Rate Will You Pay, there is the following quote:
Judge Learned Hand
“Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one’s taxes.
Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any
public duty to pay more than the law demands.”
The purpose of the blog is so we here at Compumatrix can begin preparations for our tax responsibilities. One comment that was written mentions paying whatever taxes her accountant tells her to pay. We are no longer “employees” but we are business owners. This means we need to take the responsibility for our businesses.
We have to be The Successful Leader that surrounds himself/herself with the people that are smarter than we are in the regards to tax law.
We are at a crossroads whereas most of us come from a background of being “employees” and being told what to do, when to do it and how much we can earn. Now, we are crossing over to the real World of business (as business owners). We are the ones that will be responsible for the success or failure of our businesses.
Recently, I was reading a book on Real Estate Investing. In the book, the author wasn’t talking about flipping houses or buying one or two rental units but he was talking about Big Time Investing. Part of the book, he discussed gathering your team. Here is a partial list of people he was talking about: accountants, attorney, mortgage banker, appraisers, construction engineers, property managers, etc.
Here’s my point in referencing this: THE INVESTOR WASN’T THE SMARTEST ONE ON THE TEAM! He/she added people to the team that were smarter in the areas of their expertise. The Successful Leader finds teammates that are smarter and GETS OUT OF THEIR WAY!
Compumatrix is just a part of your team. Who else will you add to your team?