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Everybody in the industry wants to be a successful business leader unless they have to do what is expected of a leader. Business leaders cannot think and perform like the average individual. They have to think of doing what is best for their team and not just for themselves. Being a great leader takes a lot of sacrifices, firm discipline, and a commitment to excellence. Many people lack these qualities that disqualify them from being suitable for the leadership position. 

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Beyond these qualities, some other essential qualities or traits play a crucial role in shaping great business leaders. If you are in a leadership position or interested in being a leader in the future, you will need to make sure that you possess the following traits to be a great yet exceptional leader. 

Adaptability 

Successful leaders are adaptable and solution-focused. They face unexpected situations with a brief that they will develop a solution to make things work. When they meet the solution's direction, rather than focusing on the problem, their minds offer ideas and resources that allow them to take the right actions and get results. The key is to stay curious, flexible, and open to possibilities. 

Emotional Intelligence 

It's easy to say 'emotional intelligence,' but it is so much more. Successful leaders understand who they are first as the basis for understanding others. This awareness of self and others offer an authentic relationship built on trust. With a foundation of trust, those in a relationship have permission to challenge one another, resulting in better decision-making. 

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Transparency 

Being secretive with your team is a possible way to create distrust and have a team full of disloyal people. Nobody is perfect. So, it's better not to act like you are. You will open communication by being open with your team, even you must share the mistakes you have made. It leads to a more productive ecosystem for your team. 

Innovation 

You are dealing with many competitors who want the same reward as you, top market positioning. Therefore, you will need to be uniquely innovative to create a competitive advantage for your business. Whether you bring a new product or a new way of doing things, you need to develop some edge that separates your business from the competitors. 

Perseverance 

Perseverance is another common trait observed in successful people. They have an uncanny ability to push through, forge ahead and stay focused on what's important to them. There's no room for drama, chaos, and noise to disrupt their focus on achieving goals. Even during a moment to pause, they discern and think through, pick themselves up by the bootstraps, adjust, and fuel forward. 

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Stoicism 

You cannot afford to have an emotional breakdown when negative things happen unexpectedly. It will only cause you to make rash decisions fuelled by personal feelings rather than rational thinking. One business leader must learn to accept the bad that has occurred and deal with it by finding a solution instead of expanding the problem. 

Authenticity 

All successful people across the world are faithful to their calling. You cannot fake real success. It comes from being 100% authentic to what you're meant to be in this world. Many people pretend to be happy, and businesses that appear successful on the surface out there. A leader who wants to succeed never should be one of them. Live your calling. That's when you will, indeed, find success. 

Risk-Taking Capabilities 

Another trait of a successful leader is the innate ability to identify and seize opportunities, even when it terrifies them. This is the reason some successful people dismiss their achievements as luck, as they often say, "I was just in the right place at the right time." It's not luck, but the ability to recognise an opportunity and take a risk in pursuing it. 

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Empowerment 

A leader must be capable of motivating the team to perform at a level that they did not even know they could operate at. You have to know the strengths and weaknesses of each individual in your team and know which buttons can be pushed to get the best out of them. You have to look at yourself as a coach of a professional sports team. If facing competition, you must know how to put individuals from your team in the best position that leads to a team win. 

Accountability 

Successful leaders in any walk of life tend to own their decisions and hold themselves accountable for what they accomplish. They often don't fall into the trap of blaming others and coming up with excuses for failures. They see setbacks as learning opportunities and act proactively instead of reacting to challenges they face, avoiding procrastination.