CEOS SHARE LEADERSHIP TIPS FOR A SUCCESSFUL

How great leaders are adjusting their strategies to fuel the success of their business this year.

As any good leader knows, success starts from within. To start off the year on a high note, executives must make adjustments that will achieve bigger and better things

• Recover from failures quickly- "Every time you take on a challenge or make a decision, there's a chance you may come up short, and that's alright," said Aaron Meyers, President & COO of Hammer & Nails. What's not alright is to let that mistake or temporary failure define you. In fact, moving on from mistakes - and quickly - is critical to success.
• Reverse the hierarchical pyramid- "The very best leaders understand that they actually work for the associates as opposed to the other way around," says Larry Sutton, Founder and CEO of RNR Tire Express. "This key tenant of servant leadership suggests that reversing the roles allows businesses to develop a culture based on service and support that ultimately makes a tremendous lasting impact on an organization's success."
• Take a stand on social issues- As a leader, how do you make sure your company is living up to changing social norms?  First, conduct and audit of your policies. Then ask for feedback from all your stakeholders -- both internal and external -- to see if your company is truly in alignment.

Provide guidance and direction-More than ever, leaders are being asked to be the example in time of challenges and trials that will inspire a team to push through and achieve outstanding results.

• Focus on profit-As most entrepreneurs are hyper-focused on revenue, we have always pushed management to shift focus on profit," said James Aguayo, CEO of Sushi Sake. Financial transparency with your team can be a key indicator of a business's health. Transparency can fuel the following questions: Is it really worth the effort when revenue is XX and profit is XX? Most importantly, is it sustainable? Not really.

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