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The psychology of leadership – when are you ‘ready’

The Psychology of Leadership – When are You ‘ready’?

In coaching clients on Leadership we’ve noticed an early sticking point. Though different people give different reasons, there is a common theme: at this point, the clients seem to be showing resistance to ‘stepping up’ to Leadership. They of course don’t accept that it’s resistance; from where they stand it seems impossible to assume Leadership, ‘…until…’

Here are some of their ‘untils’:

“Until ‘they’ accept my role, and I am officially ‘anointed’ as leader”; “until I’ve got ‘all my ducks in a row’ – finished everything I have to do”; “until I’ve managed some tricky interpersonal issues”; “until I’ve got somebody in place to replace me ‘doing’ all the tasks I’m currently spending all my time on”; “until I’ve got my MBA”…

It’s as though they regard growing into leadership as an incremental process – a place you get to after completing all the prior steps. In fact we’ve met people who assume that because they have mastered a busy and complex managerial job, they are now qualified as a leader – as if it’s the next step on the career ladder!

A ‘State Change’

But growing into leadership isn’t incremental – it’s a ‘state change’. It doesn’t take time; it takes a transformation – of outlook, courage and focus. Most of us still have to ‘manage stuff’, even after assuming leadership – we don’t have the luxury of having staff to delegate to, and time in the diary to ‘be a leader’. So management is different from leadership – not better or worse, just a different state. What’s needed is the kind of state change that happens (hopefully!) when you realise you’re the only person who’s noticed the house is on fire! You don’t wait for permission, or to have your position ratified, or for people to like and accept you – you take control and do whatever needs to be done to put the fire out!

You’ll Know it When you See it

And you can see it and feel it. If you’ve ever been lucky enough be present when somebody ‘gets’ it, there’s a visible and palpable difference in the way they talk, move and hold themselves from the way they did before. What that difference is, will be different from person to person. Some get louder and more obviously forceful; others may remain quiet and unassuming – but you’ll still be able to see the difference.

When you’ve experienced this state change for yourself, you may finally realise that what you have been calling Leadership is mostly actually ‘management’ – at a very senior level maybe, but ‘management’ nevertheless. Leaders are as different from managers, as eagles are from chickens – both essential, functional in their own way, but different creatures. And, just as good managers aren’t necessarily good leaders, so great leaders aren’t always good managers. Once you know they are different skill sets, and have experienced the difference in ‘feel’ between them, then you are well placed to assess your weaknesses and create a development programme to fill the gaps.

The Challenge of Being Both!

The real challenge for most of us is to manage the transition from management to leadership, not on a one-time basis (for we don’t have that luxury), but from moment to moment, day to day, as the requirements change. We need to learn to be both. To be able to do that, we need to have experienced the difference, so we can feel what state we’re in, and check that’s it’s appropriate to the situation at hand. And in answer to the question, “When will I be ready for Leadership?”, our answer is “Right now – if you really want to be!”

Beginners guide to online trading

Beginners Guide To Online Trading

Welcome to a whole new world of investing! As a newcomer in the trading business, much less in the online trading business, learn to calm down for a moment and not just dive into the middle of trading with your gut feel as armor.

You need to immerse yourself in the nitty-gritty details first before you start. The most important of them all is to get an online trading account. Hold on to your horses and do not just open anywhere. Here are the tips to help you get a good and safe head start:

•    Search for an online investing account

-Be careful though since you have to make sure that the online account is backed up or supported by a reputable financial institution.
•    Equip yourself with tools and research support
-You could try those free software applications found in the internet.
-They offer speed, 24/7 customer support and of course, all the analysis and signals that you will need.

Even though you’ve landed yourself with the best to support you with your quest towards greater profit, are you adept with the common jargons being used by the traders? Don’t be left out in the circle since knowledge of the trading business is what gives you an edge.

Bull and Bear markets don’t talk about the sale of animals but the status of a country’s economy. A country with a bull market means they’re very much bursting at the seams with good employment rates, their currencies are very strong and foreign investments just keep on pouring in.

The Bear market is it’s opposite. You see, the perfect example is what the global environment is at now – a plethora of unemployment, currencies seem to be falling down like shooting stars and foreign investments are quite shy and minimal. Just like what is happening to the United States of America as well as other countries. They are under recession and well, sometimes, this is the best time to buy or trade since shares of stocks are going down.

Best learn the fundamentals before you go to online trading. Since you are indeed a beginner, you may find it so appealing and you just can’t wait to load your wallet with enormous sums of money. Take time to find your way and surely, your wallet will rejoice from the loads of Benjamins instead of those Lincolns.

Do not be frustrated with the word Loss since you’ve got to win some and loose some in order to find out what strategies work best for you. There is no standard rule in this game of odds. Be persistent and determined. Do not loose hope.

On your spare time, read reviews that are made available in the internet. There you can also gain some insights from various newcomer and seasoned trade investors as well. They’re not that selfish in sharing some notes since once you consider them your mentors, they will feel elated all the more as a source of inspiration.