No small business can thrive without good direction from the top. If you’re looking to boost your leadership skills to keep your company on the right path, keep reading for several tips on being a good leader.

Be a Planner

A huge part of leadership is planning ahead. Leaders who appear caught off-guard instantly lose credibility, while those who foresee and proactively solve problems are much more inspiring. For a helpful planning paradigm, try using the SWOT analysis model, which is based on identifying your company’s strengths, weaknesses, opportunities, and threats.

Have a Vision (and Share It)

If you don’t have a clear vision of what you want your business to achieve, it will be difficult to get employees to follow you. As defined by the Queensland government’s business website, your vision identifies where you want your business to be in the future. To help clarify your vision, it can be helpful to write a vision statement. This statement defines how your business fits into the world and its long-term goals. Be sure to share this statement with your employees so that they know your view and can support it.

Be Decisive

Timely and effective decision making is another key component of sound leadership. The previous two strategies can help here: Planning ahead can reduce the likelihood you’ll be caught off-guard by a tough choice, and your vision statement can be a helpful resource to return to should you need to make a hard decision.

Set a Good Example

Even if you have all the business skills in the world, people will have a hard time following you if you don’t set a good example. You will be a much more inspiring leader if you respect people’s time, genuinely listen to them, and set your employees up for successes of their own.

If you want more tips on running a business, be sure to take a look at Steadfast Funding Partners’ other blog posts.