Running a small business can be a challenge. Once businesses get going, many will need to hire additional employees to handle a lot of the day to day tasks. There is a saying that it is hard to find good talent and one of the ways to keep valuable employees around is with outstanding leadership styles. Paul Saunders, the founder and CEO of James River Capital, has some helpful leadership advice for those who are looking to take their business ideas to new heights.
James River Capital is one of the leading Commodity Trading Advisor companies in the country. It was founded back in 1995 by Paul Saunders and his partners. Since that time, Mr. Saunders has turned this company into a global leader. In his free time, Paul Saunders is heavily engaged in a variety of philanthropic efforts. He also enjoys providing advice to young business entrepreneurs and recently discussed leadership.
In order for a business to be successful, the CEO needs to maximize his or her effectiveness as a leader. There are multiple types of successful leadership styles and people will need to blend them together to make them work. The first example is a transformational leadership style which involves consistent improvement. These are leaders who motivate employees to expand outside their own comfort zone, pushing them to be better. Another important leadership style is a participative leader. This type of leaders will value the opinion of his or her employees when it comes to major projects and business direction. Making employees feel valued is an important part of pushing them to new heights and will play a role in keeping them alone. It is also important for businesses to take the time to teach. Teaching employees will help keep them motivated and increase their value to the company. The value of a strong leader in a business cannot be understated and is essential for business growth and success.