Have you ever asked yourself, “What makes successful people successful?” Whether you have a passing interest, or are curious in improving yourself, looking to those who define success through their positions is an excellent way to see what works and what does not. One person in particular that is worth taking a look at is Warren Buffett.
Considered on the most successful investors of the 20th century, Warren Buffett has created a name for himself through successfully building and maintaining an empire. With a salary in excess of 6 figures and a net worth around 58.5 billion dollars, Warren Buffett defines American success, wealth, and hard work. Even at 83, Warren Buffett continues to make news as a successful businessman. So, what is Warren Buffett doing right? Let’s take a look.
Warren Buffett Leadership Style
Like most successful business people, Warren Buffett defines himself through a work ethic and leadership style that is as unique as his fortune. In total, Warren Buffett breaks down his leadership style into 10 separate points.
1. Frugal: Wealth can’t buy happiness, so only spend on those things truly important to you. Happiness comes from pursuing your interests.
2. Optimistic: Optimism increases work ethic and daily living.
3. Courageous: Take calculated risks and don’t be afraid to speak up. The worst thing that can happen is that you fail and become better.
4. Confident: Believe in what you are doing and the reasons why you are doing it.
5. Humble: Not gloating is an excellent way to remain an individual who people will want to do business with.
6. Patient: Failure comes as frequently as success. Take the good with the bad and work to become better.
7. Honest: Knowing when you do not know something and being able to work towards an answer is essential to success.
8. Charitable: Money is never more then a means to an end. While wealth can help secure happiness through the purchase of goods, it does not lead to happiness by itself. By giving wealth away to those who need it, good can be done, and happiness can be drawn from that good.
9. Motivated: If nothing else, being motivated creates opportunities that can grow into serious business prospects.
10. Loyal: Loyalty is key in that business is at its core a series of relationships. By being loyal and having other people trust you, you become indispensable and trustworthy.