What Is Leadership?
Leaders are people who do the right thing; managers are people who do things right. – Professor Warren G. Bennis
The word “leadership” can bring to mind a variety of images. For example: A political leader, pursuing a passionate, personal cause. An explorer, cutting a path through the jungle for the rest of his group to follow. An executive, developing her company’s strategy to beat the competition. Leaders help themselves and others to do the right things. They set direction, build an inspiring vision, and create something new. Leadership is about mapping out where you need to go to “win” as a team or an organization; and it is dynamic, exciting, and inspiring. Yet, while leaders set the direction, they must also use management skills to guide their people to the right destination, in a smooth and efficient way.
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How to Be a Great Leader: The 3 Keys to Managing Yourself
When we talk about leadership development, we often focus on the skills and qualities that have to do with leading others. But this ignores a major aspect of being a great leader: Being able to lead yourself. In fact, out of the 28 leadership competencies that are essential to leadership success, seven are related to being a self-leader. Most leaders, however, ignore these skills, making them less balanced and effective.
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Bouncing back after a bankruptcy may not be easy but it can be done. The most prosperous of the rebounders analyze their past shortcomings, chart a better route, then march full force into the future.
In 2013, more than 750,000 households legally escaped their financial obligations by filing Chapter 7 bankruptcy. The sense of relief that comes with unloading debt obligations is often tempered by feelings of failure. It doesn’t have to be the end of the line, though. For some, discharging debt was not the final destination, but a launching pad to a greater and more secure economic future.
Like Henry Ford and Donald Trump, the typical profile of those who bounce high after a trip to bankruptcy court is a resilient risk-taker who learns from the past. Here are just a few people who transitioned from the depths of economic despair to a soaring net worth. Everyone can learn a thing or two from their pre- and post-Chapter 7 experiences, they say — as do the experts who help the insolvent rise and shine.