The Business of Leadership
Keep Learning, Stay Relevant!
Top 10 Ways Leadership Development Boosts the Bottom Line
By: Bonnie Benkula, BSHCA, MBA
Certified Coach, Speaker, Trainer
The John Maxwell TEAM The Leaven Exchange Bonnie @ Benkula. com
Has your company invested in you lately? Have you invested in your own development? In order to grow personally and professionally and to remain competitive in the market, adults of all ages are investing in leadership development. By continuing to invest in one’ s own growth, you develop new skills and even greater confidence. These are characteristics that feel good at any age.
Ask yourself, do you have the necessary leadership skills to lead your company, your family, your community or even your own children? Do you believe that leadership can be learned? Even if you are a so called born leader, if you do not invest in improving your skills, you will level off and you will not live up to your potential. It’ s not just about individual leadership skills, research proves that companies that invest in leadership development have a great return for both individuals and their return on investment.
Find a program that you can relate to and invest in yourself and your team. My favorite is a proven program by John Maxwell. John has sold over twenty million books on leadership and has a leadership team that has trained over six million leaders in every nation. His methodology on The Five Steps of Leadership is a comprehensive growth process and development track for the growing leader.
John Maxwell’ s Leadership training will get people inspired to lead beyond their titles. Companies can put programs in place that inspire people to develop strong relationships that lead to higher production. They will retain high potential employees and can begin to create a culture of leadership within a company. When this occurs, one can sit back and watch how their business is transformed from the inside out!
Top 10 Ways Leadership Training Boosts the Bottom Line
1. Better communication among teams- > therefore reduced stress levels- > less meetings about meetings- > reduced costs- > increased bottom line
2. Increased trust- > more creative discussion rather than tension and arguments- > improved and desirable culture- > happier employees 3. Increased collaboration- > tailored communication- > greater understanding based on improved knowledge of personality types and motivators 4. Increased trust and communication- > increases efficiencies- > increases bottom line 5. Increased engagement- > greater competitive advantage- > increased sales- > increased revenue 6. Higher client satisfaction due to higher employee passion- > employee passion leads to more effective leadership. 7. Improved employee retention- > reduced costs- > increased bottom line 8. Decrease interpersonal challenges- > increased connections- > increased relationship capital 9. Increased confidence- > decrease competitive culture- > increased collaborative culture 10. Increased job satisfaction- > increased engagement- > increased confidence in leadership team
Too many leaders never reach their full potential because they allow their title to define their leadership style. One who has developed into a complete leader has learned that there is so much more to leadership than position. Everyone in an organization can be positively influenced when the company decides to develop their leaders from within.
The great news is that companies that invest in their employees keep them longer and most important those employees do better while they are present. Good leaders know how to master difficult situations and have difficult conversations without devastating consequences. The ultimate payoff for companies is that they will experience a greater payoff to their bottom line in both revenue, staff longevity and staff satisfaction.
30 MOMENTUM / October 2018