Three skills all successful leaders develop

Image source: ft.com

Michael Saltzstein firmly believes that most of the successful business leaders in the world have similar mindsets. One of these mindsets is the determination to acquire and develop new skills continuously.

For this blog, Michael Saltzstein shares three crucial skills, which the most successful entrepreneurs have developed throughout their careers.

Hiring and managing effectively: While hiring and managing people are skills that every entrepreneur should have before they even set up their first business, hiring and managing people effectively is a different matter altogether. A company goes through different stages in its existence, and develops many moving parts, knowing how to hire and manage people throughout these stages and in the various departments and teams is a key leadership skill.

Image source: news.blr.com

Utilizing the latest technology: Almost every business today is driven by technology. On the downside, so many companies close down because owners don’t adopt or invest in technology. Another significant skill for business leaders is to at the very least, know which of the latest technology can greatly help their company and learn how to use it. Almost all the owners of the biggest companies today have a good grasp of the newest technology.

Anticipating trends: Michael Saltzstein mentions that the Bill Gateses, Steve Jobses, Richard Bransons, Jeff Bezoses, and Elon Musks of the world all saw how much the world would need the products they had in their minds. They anticipated that a single release of a product would spark a trend that would be followed by millions.

Michael Saltzstein is an expert in alternate risk financing, loss control, technology solutions, workers’ compensation, crisis leadership, strategic alignment, change management, and growth strategies. Visit this page for more reads on business and leadership.

Comments

Michael Saltzstein Highlights Why Employees Create Silent Workarounds When Processes Don’t Work

  Michael Saltzstein Reveals How Silent Workarounds Reveal Deeper Process Failures In many workplaces, broken systems stick around not because no one notices, but because no one feels comfortable speaking up. Instead of raising concerns or challenging inefficient processes, employees often create quiet workarounds just to keep things moving. As Michael Saltzstein points out, these behind-the-scenes fixes aren’t signs of creativity or resilience. They are red flags that something important is missing, which is psychological safety. A workaround may be as simple as using an unofficial spreadsheet instead of a clunky CRM or copying a coworker’s workflow to avoid dealing with red tape. While these silent fixes keep daily operations from stalling, they also mask inefficiencies and prevent systemic improvement. Why Employees Stay Silent The silence surrounding broken processes often stems from fear of being seen as negative, resistant, or difficul...

Michael Saltzstein Explores Practical Ways to Help Families Displaced by Wildfires

Michael Saltzstein on How to Support Families Affected by Wildfires Wildfires often displace thousands of families, leaving them with little more than the clothes on their backs. The immediate aftermath of such disasters is challenging, with families facing the loss of homes, possessions, and a sense of security. Michael Saltzstein explains that w hile the road to recovery is long, communities and individuals can play a vital role in supporting those affected. From donating essential items to offering emotional assistance , there are many meaningful ways to help families displaced by wildfires. Donate Essentials and Financial Aid One of the most immediate needs for displaced families is access to essentials like clothing, food, and hygiene products. Local shelters and disaster relief organizations, such as the American Red Cross or local food banks, often coordinate donation drives to provide these necessities. 1. Financial Contributions ...

Michael Saltzstein Explores the Principles of Lean Management and Their Impact on Reducing Costs and Boosting Productivity

Michael Saltzstein Explains How Lean Management Helps Businesses Eliminate Waste and Improve Efficiency Lean management is a proven methodology that businesses across various industries use to eliminate waste, improve processes, and maximize operational efficiency. Originating from the Toyota Production System, lean principles focus on creating more value for customers with fewer resources. Michael Saltzstein remarks that b y identifying and removing activities that do not add value, companies can streamline their operations, reduce costs, and improve overall productivity. Understanding the Core Principles of Lean Management At the heart of lean management are five core principles: value, value stream, flow, pull, and perfection. Each principle serves as a guide to help businesses identify and eliminate inefficiencies. Value: The first step is to define value from the customer’s perspective. Understanding what customers truly need allows busines...

Michael Saltzstein

Search This Blog