Berkshire Hathaway CEO and business mogul Warren Buffett have a serious following as a business leader. It easy to understand why the guy is one of the wealthiest people in the world, a Wall Street investing legend, and a master communicator inspiring people all over the world.
So when Buffet speaks people listen, according to Robert Locke, he has written extensively about his business success and is in high demand as a speaker on leadership, here are ten leadership lessons every leader can learn from Warren Buffett.
1. Love what you do.
“There comes the time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?” – Warren Buffett
2. Learn how to communicate effectively.
“You’ve got to be able to communicate in life, and it’s enormously important. Schools, to some extent, under emphasize that. If you can’t communicate and talk to other people and get across your ideas, you’re giving up your potential.” – Warren Buffett
3. Choose your business associates wisely.
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours, and you’ll drift in that direction.” – Warren Buffett
4. Don’t micromanage.
“Hire well, manage little.” – Warren Buffet
5. Plan for the future.
“The primary job of a board of directors is to see that the right people are running the business and to be sure that the next generation of leaders is identified and ready to take over tomorrow.” – Warren Buffet
6. Transparency is highly appreciated.
“If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end—people like myself—should be paying a lot more in taxes. We have it better than we’ve ever had it.” – Warren Buffett
7. Patience is a virtue.
“No matter how great the talents or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.” – Warren Buffett
8. Manage your time wisely.
“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.” – Warren Buffett
9. Be prepared to take risks and learn from mistakes.
“Risk comes from not knowing what you are doing.” – Warren Buffett
10. Treat everyone equally.
“Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far, but I know I can do it better.” – Warren Buffett
About Gifford Thomas
I am the founder of Leadership First and the author of The Inspirational Leader, Inspire Your Team To Believe In The Impossible. At Leadership First, we are committed to publishing the very best inspirational leadership quotes and articles to inspire our 230,000+ community of leaders to believe in the impossible, while creating an environment free from toxic, fearful and intimidating leadership. We believe everyone can and should enjoy their work, but it must start with the leadership leading by example. Follow our community of leaders HERE, and let's change the leadership status quo to help inspire and motivate our leaders to make a difference and create an organization their people will love.
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