If you delegate tasks, you will raise up doers. If you delegate authority, you will raise up leaders.
— Craig Groeschel
Charisma can exist without substance, but only for a very short time. Flashy and glitzy behavior may capture the attention of people, but eventually they will want something substantial beneath the facade. A charismatic leader must not only talk the talk, but also walk the walk. Charm gets him the face time, and substance closes the deal.
One of the attributes of charismatic leaders is that they often tend to watch themselves. They are aware of their powerful personality, and the fact that their followers are watching them constantly. For this reason, they consider it important to portray a good image of themselves to their followers. This can be achieved only with self-monitoring.
A charismatic leader understands that he has certain qualities that make him different from others, and that these are the qualities that get him attention and make him charismatic. So he also knows how important it is to continually improve himself.
“It’s all about who you know.” Smart leaders know that there is a lot of truth to that saying.Leaders understand the value of building long-lasting relationships with people in their industry and make a point to pursue partnerships whenever they can.Building a network of valuable people is critical for your long-term success.
Understanding of opportunity cost:
Leaders know that many situations and decisions in business involve risk and there is an opportunity cost associated with every decision you make
An opportunity cost is the cost of a missed opportunity. This is usually defined in terms of money, but it may also be considered in terms of time, person-hours, or any other finite resource.