Schlagwort-Archive: habits

7 Wealth Habits of the World’s Richest People

Reaching the pinnacles of the super rich rarely happens overnight. It requires years and years of hard work, determination and the drive to never give up. For a select few people, their luck changed in a matter of a few seconds. For others, they worked hard over the years to build up their empires and get on the list of the world’s wealthiest people.

It seems the secrets to becoming part of the élite and wealthy have been well guarded. The likes of Warren Buffet, Mark Zuckerberg, Amancio Ortega, and Nick Woodman are ready to show their secrets about what made them some of the wealthiest people in modern times. As most of them have said, becoming a billionaire is not about the money, but about the psychology. 

If you are looking to earn much more money, start hanging around rich people. While this might seem extreme, it makes sense once you think about it. Hanging around seriously rich people is an easy way to see how they make the big decisions. If you want to be like them, take direct lessons and copy their positive behaviours.
Be not afraid. If there is a solid business idea you want to invest in, yet everyone runs away, follow your gut instincts. There are no real failures in business. There are experiences that you learn from it. Every successful person has a period of lows to go along with the highs. Inaction and letting fear drive is the only way you really lose.
One of the best kept secrets is that of owning copyrights and is widely shared by some of the world’s wealthiest people. The help of intellectual-property, which are also commonly called “wealth secrets”, you can defeat the forces of market competition. Seriously tying the hands of competition legally gives you a wider market to pursue. Copyrights can be given for names, product designs or service processes. Protecting your investment and ingenuity is critical to staying on top in any market.

Saving is something which all of us may have been taught to do from an early age, but small amounts will just not cut it. If you can increase your earnings every year, place money into tax-free investments for later use, there will be a huge improvement on the bottom line amount you can save over the years.
Amancio Ortega is the owner of the hugely popular fashion brand Zara. The company has been taken to new financial heights recently. Everyone from normal people to the Duchess of Cambridge has been seen wearing Zara. What does she have to say about her secrets? She concludes it is about appealing to a broader range of people. The desire for Zara fashion has become so fierce that even a few designs that have been similar to competing designers have continued generated millions in cash. Branding has been so successful for Zara that a certain amount of “buying for the label” is happening.
Amanicio Ortega Signature

If you are looking to be a ‘unicorn‘ in the technology industry, it is necessary to take the time and do all the requirements to get a patent. This way you protect the rights of reproducing similar items for several years and stomp your competition. You will be able to keep top financial position from that item and rake in the profits for a long time to come.
Sara Blakely, founder of the revolutionary Spanx, claims that hiring people you trust and like will get you far. They may not seem to have a wide base of knowledge in the particular business you start, but a little training will make them the loyal team you need for the future

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These 10 Leadership Habits Have Been Found in the World’s Best Leaders

Where are you in your own journey as a leader in relation to these characteristics?
  
     By Marcel Schwantes 
Principal and founder, Leadership From the Core@MarcelSchwantes

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CREDIT: Getty Images
  
If you're not familiar with the leadership movement known as servant leadership, you might want to grab a cup of java and pull up a chair. This may just transform how you lead your tribe moving forward.

What we are finding is that organizations around the world are changing their attitudes toward leadership. Yes, it's been written and talked about for decades, with great authors defining it in different ways, calling it different things.

In the end, most of these "thought leaders" have been talking about the same things–that leadership (and life, really) is about human relationships.

Consequently, servant leadership has emerged over the last 30 years on a grand scale in some of the most admired and successful companies on the planet, including many named to Fortune Magazine's annual listing of "The 100 Best Companies to Work For." Companies like Zappos, The Container Store, and Southwest Airlines have successfully integrated servant leadership into their corporate cultures.

To immortalize the movement, world-renowned management thinker Danah Zohar, in her groundbreaking book Rewiring the Corporate Brain, called servant leadership "the essence of quantum thinking and quantum leadership."

Giving Credit Where Credit Is Due
Before I give you the 10 practices of a servant-leader (or, if you can't wait, scroll down to "The Gold Mine" for the good stuff), I need to frame this article into its proper context and give credit to the right people.

Robert K. Greenleaf is the first person that needs distinct accolades as the founder of the modern servant leadership movement. Without his work and research, I don't have a basis for my work or speaking engagements.

As his bio states, Greenleaf's work continues to have a lasting impact on fields as diverse as systems thinking, management, leadership, organizational development, religion, assessment and evaluation, and scores of other disciplines.

Legendary management consultant Peter Drucker, Greenleaf's good friend and collaborator for over a decade, called him "the wisest man I ever met."

But there's another person worth noting in this conversation.

Meet Larry Spears
Allow me to introduce you to Larry Spears. He is deserving of his own bust on the Mt. Rushmore of servant leadership for advancing the movement after Greenleaf passed in 1990.

Spears, a prolific author and editor, has been called today's foremost authority on servant leadership. Through his writings, millions have been introduced to servant leadership. It didn't hurt having Stone Phillips interview him on NBC's Dateline in front of ten million viewers back in 2004.

After Greenleaf's death, Spears spent years combing over a truck-load of Greenleaf's personal papers and discovered previously unknown and unpublished essays written by Greenleaf over a fifty-year period.

This…was…a gold mine.

Chief Human Resource Officers take note. In his analysis, Spears was able to identify the ten characteristics of the servant-leader as being of critical importance to transforming an organization.

While by no means exhaustive, Spears says "they do serve to communicate the power and promise that this concept offers to those who are open to its invitation and challenge."

The Gold Mine
As I go over these, I want you to consider where you may be in your own journey as a leader in relation to these characteristics. Call this you new measure for leadership success.

1. Listening
Listening lands first on this list because it is a crucial yet frequently absent trait in leaders who are self-oriented. Greenleaf wrote that, "A true natural servant automatically responds to any problem by listening first." He further added, "True listening builds strength in other people." So practically speaking, this is a leader that automatically responds through active listening–to understand the other side. She will listen before she speaks, as she speaks, and after she speaks. In decision making, she listens completely before deciding. This takes practice.

2. Empathy
The second characteristic is empathy, which has been proven in this study to drive performance. Empathy is really an extension of listening, if you think about it. Servant leaders attempt to understand and empathize with others–to put themselves in others' shoes. This means listening without judgment. As empathetic leaders, workers are considered not only as employees, but as people who need respect and appreciation for their personal and professional development. This generates a competitive advantage.

3. Healing
What Spears meant by "healing" is that leaders recognize the opportunity to help make whole those with whom they come in contact. A servant leader tries to help people solve their problems and conflicts in relationships, because he/she wants to develop the skills of each individual. This leads to the formation of a business culture in which the working environment is characterized by dynamic, fun engagement and no fear from failure.

4. Awareness
Servant leaders have a strong sense of what is going on around them. They are always looking for cues, they know what's going on and will rarely be fooled. They're very self-aware.

5. Persuasion
Servant leaders don't take advantage of their power and status by coercing compliance; instead, they try to use influence to convince others. They are effective at building consensus within groups through influence and persuasion.

6. Conceptualization
This is the ability to look at a problem by thinking beyond the day-to-day realities. Greenleaf said that the servant leader can conceive solutions to problems that do not currently exist. They see beyond the limits of the business and focus on long term goals. They work their big hairy audacious goals, but they do it S.M.A.R.T.

7. Foresight
Foresight is the ability to foresee the likely outcome of a situation. It means understanding the lessons from the past, the realities of the present, and the likely consequence of a decision for the future.

8. Stewardship
This a commitment to not just serving the needs of others but also of the organization and its mission as a whole. It's holding your company in trust for the greater good of society.

9. Commitment to the Growth of People
Pretty self-explanatory. This is a demonstrated appreciation and open encouragement of others and their growth. In practice, this can include things like having a budget for personal and professional development, taking a personal interest in the ideas and suggestions from everyone, encouraging worker involvement in decision-making, and even helping out a laid-off employee find work.

10. Building Community
Servant leaders are what I call compassionate collaborators. They show appreciation and praise employees often for their contributions. They want to get to know what makes their employees tick, what drives them, what gets them up in the morning so that they can support them in those endeavors. As I've written before, building community can only happen through connecting and making relationships work.

Three Sections of the Full Spectrum
If you break down the characteristics into sections of the full spectrum of a servant leader, you'll see that the servant side of a servant-leader encompasses the listening, the empathy and the healing.

The leader side encompasses awareness, being able to persuade, conceptualization, and foresight. Every leader has to have those traits and be able to use them effectively.

And in the middle is where the two sides overlap into the servant-leader: stewardship, commitment to growing people and the building of community.

Put them all together, you have the best and most whole version of a leader, bar none.

A Few Questions in Closing
Now reflect, if you will, how you may have modeled some of these approaches in the last 24 hours. My questions in closing:

How have you been a servant leader reading the examples given?
What if we could think and act this way moving forward in our work? What would that do for your team, business, organization?
How would this change your roles as managers, executives, founders, board chairs, or even at home as spouses, fathers and mothers?

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