7 Habits of a Highly Effective Business Leader

7 Habits of a Highly Effective Business Leader

business leader

Stephen Covey famously wrote the best seller, “7 Habits of Highly Effective People”.

I was working at Equinox Fitness in 2008 when a friend and fellow personal trainer gave me Stephen Covey’s book as a birthday gift.

I recently had a lecture where the professor put a business spin on the seven habits.

I’m going to briefly review an updated version of “7 Habits of Highly Effective Business Leaders.”

Starting off with…

#1. Be Proactive, rather than reactive.

Being a leader who takes initiative is paramount.

#2. Being with the end (goal) in mind.

Establish goals for yourself and organization, then pursue them.

#3. Put first things first.

Prioritize and manage tie efficiently. Knowing what is coming is most important.

Ask yourself, “what is going to yield the most return on investment?”

Putting first things first also relies on a high level of self-management.

#4. Think win-win.

The art of collaboration and working with people and not against them.

Thinking in terms of “win-win” also prevents a business leader from burning any bridges.

#5. Seek first to understand, then be understood.

It is important that a leader learns to listen.

Let the other person speak and take in as much information as possible.

Listening to people also allows a leader to hear where a person’s mentality it at.

What their needs are.

#6. Synergize

The whole is greater than the sum of its parts.

Owning a job versus owning a firm or company.

Don’t be the business leader who wants to do it all.

Synergize within a team of specialist who you rely on upon through efficient delegation.

#7. Sharpen the saw.

Never stop learning.

Here I am at 39, back in school pursuing an undergraduate degree in Business.

This is an example of the principle of self-renewal.

#8 Always Remeber Parkinson’s law

AKA procrastination.

Also, workers in an office environment do not want to be the oddball who works hard.

An employee or worker who takes two hours to do one hour of work.

An employees work will expand to fill the time allotted.

 

The last habit is a bonus.

I wanted to provide a sticking point that is apart of human nature.

It’s built into the system whether a person knows this or not.

Every manager or business leader must always

5 Traits of The Big Five Personality Test

5 Traits of The Big Five Personality Test

This semester at Berkeley College (NYC) I took the big five personality test assessment. The test highlighted strengths and weaknesses I can improve to become a more effective leader.

You can see and read about my test results here.

personalityThe Big Five Personality Traits of Effective Leadership. Also known as the five factor model (FFM).

 

The Big Five personality traits, also known as the five factor model (FFM), is a model based on …. of professions, individuals were asked to take a personality test and have two evaluations completed by directly supervised subordinates.
1. Surgency

Surgency is comprised of high energy, extraversion, and dominance.

Dominance is an important trait for leaders to have to be effective and successful. Dominance shows that successful leaders assert themselves and want to be managed, while still having the drive to lead.

Extraversion is not an absolute. We all as humans fluctuate between moments of being introverted or extroverted.

When a leader is acting in an outgoing fashion, looking to meet and engage with new people, while remaining open and willing to being assertive or confronting others.

Introverts are more analytical, observant and reserved in leadership roles. Many online forums and discussion boards have referenced introverts as shy or timid. For the big five personality test, introvert references someone who excels within themselves, versus externally.

High energy with ambition.

Many leaders are naturally influential. Leaders with high energy are infectious. They have the ability to channel their energy into productive and to achieve goals.

2. Agreeableness

Agreeableness is based on sociability, sensitivity, and emotional intelligence.

Sociability and sensitivity reference people who will seek out enjoyable social interactions. Those who are friendly, easy to talk to, and courteous would be scored high on the big five test.

The sensitivity aspect is understanding group members as individuals. Even though a majority of people in a department are black or Muslim, they are not all the same. This insensitivity can derail a leader or organization.

According to the Big Five Personality Test results, Emotional Intelligence is the ability to work well with others utilizing the following:

  1. Self-awareness: Emotions and how they affect one’s personal life
  2. Social awareness: The ability to understand others
  3. Self-management: Controlling all of those inner impulses, rants, fits, and bouts of anger that surface emotionally.
  4. Relationship-management: While working well with other, displaying an ability to harmonize self-awareness, social awareness, and self-management.

3. Adjustment

Adjustment includes traits of emotional stability and self-confidence.

Emotional stability is one’s ability to consistently remain in control of their emotions. There will be those who perform well under pressure and those that respond abysmally. How emotionally stable a leader is can be referenced in how they manage their emotional stability.

Self-confidence is one’s effort to control the continuum from strong to weak. Those moments of error as a leader and how they own up to their mistakes, take ownership and move forward. Having an accurate reference point for our own weaknesses and strengths allow us to continually improve.

4. Conscientiousness

Conscientiousness is comprised of the traits dependability and integrity.

This was one of my three strongest traits, referenced in my big five personality test results.

Dependability is how a leader, manager, or employee balances being responsible/dependable or irresponsible/undependable. There are life and professional factors that an individual makes decisions within at all times.

Conscientiousness is how someone can have a continuum where they show up on time, get the job done, and execute quality work over and over again.

Integrity is being honest and ethical. Ones decision not to be can be a shortcut to how trustworthy an individual is. To be successful and profitable, leaders need integrity.

5. Openness

Openness includes characteristics of flexibility, intelligence and internal locusts of control.

Flexibility is one’s ability to adjust to the chaos and different situations within a workplace or life. People who are not flexible will struggle to succeed or adjust to change.

Intelligence is someone’s ability to think strategically, critically, to solve problems and make decisions.

Locus of Control is the inner mentality that an individual relies on as an internal compass. It is the inner beliefs that take control over one’s life destiny.

Externalizers believe they have no control of their lives beyond what they are fated to.

Internalizers believe that they have control over their fate, life, and destiny. They understand how their day to day behavior leads to their long-term performance.

Take the Big Five Personality Test or the Myers Briggs Personality Test.

Citations

Sheldon, K. M., Ryan, R. M., Rawsthorne, L. J., & Ilardi, B. (1997). Trait self and true self: Cross-role variation in the Big-Five personality traits and its relations with psychological authenticity and subjective well-being. Journal of personality and social psychology73(6), 1380.

5 Ways Your Boss Exploits Business Ethics

5 Ways Your Boss Exploits Business Ethics

Business Ethics

Do business ethics matter, or is it true that profits are all that matters in business?

How do you handle a corporate culture where the leader or manager in charge sets a bad example?

What are the ways business ethics are manipulated by poor leadership?

  1. A Higher Purpose: A person who rationalizes their poor behavior by referencing a higher purpose or organizational mission. Ex. Lie, Cheat, Steal, then saying its good for the organization. Or being forced by your manager to do something you know is wrong.
  2. Displacement of Responsibility: The process of blaming one’s unethical behavior on others. Ex. “My boss told me to fudge the numbers.”
  3. Advantageous Comparison: Comparing oneself to others who are worse. Ex. “I call in once a year. John calls in sick once a month.”
  4. Distortion of Consequences: Minimize the harm caused by the unethical behavior. Ex. “If I inflate the figures, no one will know, no one will get hurt, and I probably will not get caught”
  5. Euphamistic Labeling: Use cosmetic words to make behavior sound acceptable. Ex. “terrorists” sounds bad, but “freedom fighter” sounds noble.

What are the top 5 reasons why executives, corporations, and managers get derailed practicing poor business ethics?

  1. Intimidating: Being unapproachable only means that you will miss out on feedback that will guard a business leaders blind spot. Bullying is also a relied upon a style of management that leads to poor performance and low self-esteem or confidence within employees.
  2. Arrogant: Every one of us has been led by an arrogant manager or leader. When serving in the Marine Corps, there were plenty of arrogant officers or higher ranking enlisted members, who paraded around as if they were God’s gift to the United States Marine Corps. The leaders who choose to be cold and cocky can still succeed, but the people they lead will suffer from lower morale.
  3. Betray Trust: The fastest way to violate someone’s trust or reliance on a persons consistent and honorable behavior is through not being loyal. People in office spaces (or anywhere) love to gossip. Living in New York, I’ve learned that people love to ease drop. It’s easier than you think to betray someone’s trust when something is being said, that should be spoken, and someone who should not be involved overhears a conversation.
  4. Overly Ambitious & Thinking About the Next Job: The type of leader who is an opportunist and looking to take advantage of anything. A self-centered leader cannot effectively lead or take care of others. It is nearly impossible to strategize with one foot out the door.
  5. Over Manage & Fail to Delegate: Working for a business leader who does not trust that an employee knows what they are doing. Or the manager who does not properly plan, organize, staff, lead, and control their department.

Business Roles in Tech, Society, and General Business

business roles in tech, society, and general business

Business Roles in Tech, Society, and General Business

When it comes to business roles in tech, society, or general business, the following roles will always be present.

One person may execute within multiple roles.

However, in larger organizations, a firm will employ individuals to fill each role separately.

Interpersonal Roles in an Organization

The interpersonal leadership roles:

Leader: Responsible for performing management functions to achieve organizational objectives.

Figure-head: The leader or manager who represents the organization as a symbol.

Liason: The liaison role is filled by a leader when they are interacting with people outside of the firm. Networking to establish and nurture relationships, participating in committees outside of the firm, or attending industry related conferences or meetings.

Informational Roles within an Organization

Monitor: The representative who gathers information, analyzes the information, then makes a recommendation to management. This role can also be identified as an internal consultant.

Disseminator: Sends information to departments or groups throughout the organization.

Spokesperson: People within the organization who provide information to people outside of the firm.

Decisional Roles within an Organization

Internal Entrepreneur: Even within an organization, a leader must act as a business leader who can innovate and create new or improve products or services. The monitor role provides a great deal of insight into how a leader can develop their internal entrepreneur role.

Disturbance Handler: Someone who takes corrective action during a crisis.

Negotiator: Someone who represents the organization during some sort of transaction where bargaining skills become paramount.

This is not an all-encompassing list.

It is a list that points out the most important business roles in tech.

6 Important Factors of Business Leadership Skills

business leadership

Business Leadership

These are the fundamental business leadership skills that most leaders use to successfully lead an organization.

The primary purpose of business leadership is to influence someone towards doing what they may or may not want to do.

Technical Business Leadership Skills

Technical leadership skills refer to a leaders experience and education proving them a 100% understanding of what their employees are doing. They need to know as much about a job or task they are having someone else execute. The focus of technical leadership is to ensure the job is being conducted in an efficient, accurate, and quality manner.

Conceptual Leadership Skills

Conceptual leadership skills are where a leader hones their problem-solving skills. It is through developing conceptual leadership skills that will allow a manager to make decisions, gather appropriate data, peruse options to finally choose an objective to act upon.

Human Communication Skills

COmmunication skills access a leaders ability to read, write, and articulate themselves. Non-verbal communication becomes important since people and employees are always observing and making judgments. The leader who can accept this ongoing scrutiny and use it to influence others will find it works to their advantage when sending their message to their employees.

Motivational “Inspirational” Skills

A leader’s motivational skills will display their ability to inspire themselves and their employees. Knowing what gets you up early allows you to be the self-aware leader who gets to know and understand each individual employee and what motivates or inspires them. Knowing how to motivate someone else does not have to be a guessing game. Asking questions, being curious, and truly caring about those who are under the command of a leader will allow them to motivate people in active and passive ways.

Emotional Leadership Skills

The emotional intelligence of a leader is paramount. A leader who is aware of their own feelings and the feelings of others will always have the advantage. Understanding a group or individual emotionally prevents or mitigates drops in performance and morale of a leaders employees.

A leader with low emotional intelligence will compare and contrast irrelevant abstract ideas and concepts.

A leader with high emotional intelligence will control their emotions when angry or upset, while also exhibiting an ability to control the feelings or emotions of others.

Destructive Emotions in Business

Anger is the worst professional emotion to express because it shows that you cannot control your emotions.

Crying is acceptable in the workplace but comes with the professional stigma because crying is perceived as a weakness.  If someone is crying, as a leader, let them cry before trying to speak with them. They will not hear you due to being emotionally charged. Reproach them once they have calmed down.

When you are overwhelmed or emotionally charged as a leader, pause, then re-evaluate.

 

How to Buy a House for 100 Dollars

How to Buy a House for 100 Dollars

My name is Kaynea “Kay” Bingham, a licensed real estate agent and full-time investor. I have been a CFRI member since 2017.

I currently flip houses in Central Florida and have a few rental homes in Orange County.

Kaynea, how did you find a house to buy for $100?

The house I found was brought to me by a real estate colleague who knew that I was an investor. She wasn’t sure that I could help her client who had inherited possession of her deceased father’s real estate portfolio. She would have to come out of pocket at closing to traditionally sell the property and pay off the mortgage. The mortgage balance was $119,000 with an interest rate of 5.125%. The original loan amount was $128,524 back in 2013. Although the seller could have rented out the property, she wasn’t interested in being a landlord. There were also a lot of minor repairs and some updating. The concrete block home is in Orlando, FL.

Are you getting a quality house for $100?

It’s a three bedroom, two bath with a one car garage located on a quiet cul-de-sac. The home was built in 1977 and includes 998 sq. Ft. and has an enclosed sunroom on the back. It had been occupied by a tenant who was paying $800 a month even though the mortgage on
the property was $900 a month, including taxes and insurance. I was able to acquire the home in March of 2018 by legally taking over the payments on the mortgage “subject to” the existing mortgage. I got help from CFRI Business Member and attorney Joseph Seagle with PCS Title to do everything correctly. The trustee on the property was able to work amicably with the tenant so that they would move out of the home. They had a month-to-month lease. The tenant left peacefully.

What did you do to add value to the home?

After I acquired the property, I cleaned up the outside, refreshed the kitchen by repairing kitchen cabinets, installing granite countertops and new appliances, remodeled the entire guest bathroom, restored the master bath, and painted the whole inside of the house and replaced the outlets and fixtures. It was important to me to ensure that we were renting out a clean, safe, updated home that could provide maximum rental income. The rehab took a little less than a month, including finding a new tenant. We decided to ask for rent at market value for the area at $1,300. This price point was a $400 increase from what the previous renter was paying. We were overwhelmed with many people wanting to rent the home. We were able to rent the house in 8 days.

Here are how the numbers break down for the property:

How to Buy a House for 100 dollars

Editor’s Note: You can read the full newsletter here to learn more about how to buy a house for 100 dollars.

Big Five Personality Test

The Big Five Personality Test

This report compares Daniyel B. Bingham from the country USA to other men between 21 and 40 years of age.

This report estimates the individual’s level on each of the five broad personality domains of the Five-Factor Model.

The description of each one of the five broad domains is followed by a more detailed description of personality according to the six subdomains that comprise each domain.

The Big Five Personality Test

As apart of a course I’m currently taking a Leadership course at Berkeley College, New York City campus. The objective of our professors having us take the Big Five Personality test assessment was to allow us a standardized format to discover leadership traits about ourselves that we may have neglected, while also showing areas of concern we should address to influence and impact those we lead in corporate environments.

Table of Contents

  1. Learning Summary

  2. Strengths

  3. Weaknesses

1. Learning Summary

I need to develop my ability to create an open space that is seemingly less cold,  confrontational, or not wanting to be disturbed. One of the sticking points within this assignment has been understanding what there is to gain from self-sacrifice. The three glaring score results that showed weaknesses were trust (1), emotionality (1), and altruism (13). While the results that reflected my strengths were assertiveness (94), self-efficacy (97), and conscientiousness (98). There is a correlation between the characteristics that made up my strengths and weaknesses. The traits I would need to develop are all centered around learning that I can trust others while making it more acceptable to express themselves authentically.

I can see how the people that I lead feel like they have to meet me at my level, as opposed to feeling like I was someone they could connect with or readily approach. Furthermore, my strengths reference the same deficiency my weaknesses indicate in relating to others, as they are self-interest based. One surprising lesson from this assignment was realizing how many things my parents have instilled in me. Many people rave about my discipline and how the Marine Corps produces the most disciplined men. They do not know that my parents gave the Marine Corps a teenager they had already disciplined.

There were many years I resented the way that my parents chose to raise me, yet as I was going through my test results, my parents’ influence was overwhelmingly evident. Every moment of my life displays the impact my entire family has had on it. However, the Big Five Personality test results did indicate that people do not relate to me as quickly as I would like them to and provided starting points for me to address them. I do not foresee a lack of emotionality inhibiting my growth as a leader much longer.

What I specifically learned from taking the big five personality test is that I need to connect with people emotionally. I need to develop my ability to create an open space that is seemingly less cold,  confrontational, or not wanting to be disturbed. One of the sticking points within this assignment has been understanding what there is to gain from self-sacrifice.

The three glaring score results that showed weaknesses were trust (1), emotionality (1), and altruism (13). While the results that reflected my strengths were assertiveness (94), self-efficacy (97), and conscientiousness (98). There is a correlation between the characteristics that made up my strengths and weaknesses. The traits I would need to develop are all centered around learning that I can trust others while making it more acceptable to express themselves authentically. I can see how the people that I lead feel like they have to meet me at my level, as opposed to feeling like I was someone they could connect with or readily approach.

Furthermore, my strengths reference the same deficiency my weaknesses indicate in relating to others, as they are self-interest based. One surprising lesson from this assignment was realizing how many things my parents have instilled in me. Many people rave about my discipline and how the Marine Corps produces the most disciplined men. They do not know that my parents gave the Marine Corps a teenager they had already disciplined. There were many years I resented the way that my parents chose to raise me, yet as I was going through my test results, my parents’ influence was overwhelmingly evident. Every moment of my life displays the impact my entire family has had on it. However, the Big Five Personality test results did indicate that people do not relate to me as quickly as I would like them to and provided starting points for me to address them. I do not foresee a lack of emotionality inhibiting my growth as a leader much longer.

My big five personality test results

2. Recognized Strengths from the Big Five Personality Test

I have witnessed enough leaders to know that most people can be taught the skills, knowledge, and abilities that would make them an effective leader. It is also my conviction that I was born to lead others. The Big Five personality test results confirmed many of the ideas I have known and concluded about myself as a leader. I am observant and often choose to situate myself in a “cat, bird seat,” where I can analyze and assess inherent obstacles or roadblocks, then intuitively provide solutions to those problems.

My higher big five personality test results

To me, conscientiousness means to have perspective and self-regulation in the way that a person executes tasks and influences others. Being able to focus in on a goal and organize the steps needed to achieve the desired result, considering the given (human) resources. I grew up in a conservative, middle-class, Jamaican household where my parents were entrepreneurial and professional. My father influenced all of his children by being a stoic provider of masculinity, discipline, and work ethic. In the Bingham household, children were meant to “be seen and not heard.” A skill that has led to me developing emotional and cultural intelligence when motivating others. However, the “be seen and not heard” philosophy also influenced me towards an introverted nature. My parents were the type of parents to create a traditional environment where they would lay out intellectual breadcrumbs for me to logically reason the decisions I was making.

My father, Oliver Bingham, would exemplify an easy example of these mentally stimulating situations. He is an electrician and craftsman by trade. I can recall going to work with him when I was seven. As he was working, I started out being his assistant. He’d say, “pass me a flat head screwdriver,” then, “pass me the pliers,” and I’d have to know what each tool was to pass it. However, then he said, “you need to watch what I’m doing and know what tool I’m going to need next, and then hand it to me before I ask for it.” At that moment he nurtured my intuitiveness and ability to impact the external environment using my imagination, rational logic, and reasoning. A skill set that served me in the Marine Corps where I often was able to lead others, knowing what was coming four steps ahead, and the ideal way of approaching the situation to achieve an objective.

My parents brought out parts of my character, in the most formative of years, and empowered me on how to utilize them in ways that would inspire others.  Today I’m a visionary, helping small business owners and entrepreneurs build companies using data and foresight, which has resulted in my personality test reflecting a high conscientiousness score.

big five personality test

3. Recognized Weaknesses from the Big Five Personality Test

The Big Five personality test also identified weaknesses I can leverage to grow as a leader. Admittedly, I have struggled with my ability to connect with my subordinates emotionally. Much due to being primarily a thinker, I understood from a young age how emotions often cloud a person’s ability to make rational decisions. I have learned to address this by learning to recognize the expressions, gestures, and subtle body language of people who are more sensing and feelings based on their style of communication or behavior.

The big five personality test confirmed that I have a low level of emotionality, where I am cold,  detached, or uncaring of anything more than accomplishing a mission. An insensitive habit formed while leading Marines in combat scenarios, where being upset, crying, yelling, angry, happy, teary-eyed, or emotionally overwhelmed heightens the risk of death or a failed mission. Both in business and personal life, I have been able to remain objective. I have been able to suspend my feelings to turn a profit or accomplish a mission. It is my conviction I can demand of my followers everything that I have done myself. Moreover, they know this because I lead by example, as I leave them my example. One of the tools I frequently use as an entrepreneur is to determine whether I am working with a thinker or a feeler. Am I working with someone who potentially will be more inclined to making decisions based on the inner pulses and feelings they have within or are they the type of person who thinks before they act?

This idea has led to me often leading with asking what someone is thinking, or what someone is feeling. Having a minimum amount of emotionality means I can not only improve in being more emotionally connected, but also in the agreeableness category, where I scored on low levels of altruism. Altruism has been a challenge for me as a leader because from a young age my mother raised me to advocate for myself while being ambitious about my goals and desires. As long as no one was stopping me from pursuing my goals in life, I should not inhibit others from seeking their own. She instilled in me that it was my responsibility to work hard and let my actions speak for the character within me.

Having an objective outlook on life has allowed me to see things for what they are, as opposed to how I feel they should be.

My big five personality test

4. Conclusion and Afterthoughts

Can I lead with logic and reason above the sentiments and feelings of those that follow me? Yes, because I am an INTJ who is self-aware of my inner feelings, while observant of others and their mental and emotional state. Ignoring emotionality and the impact developing it can have on those that I lead is not my mission. My mission is to put my team and followers in ideal positions that empower them to utilize their strengths to achieve success.

Myers Briggs Personality Test

Myers Briggs Personality Test

Four years ago I took the Myers Briggs personality test at PersonalityHacker.com and discovered I was an INTJ.

The four letters INTJ meaning, (I)Introverted, (N) Intuitive (T) Thinking (J) Judging.

The way that my brain processes information is called a cognitive function.

  • (Ni) Introverted Intuition
  • (Te) Extraverted Thinking
  • (Fi) Introverted Feeling
  • (Se) Extroverted Sensing

My purpose was to take a free personality test that would provide insight into the inner workings of my introverted world, then use that information to better myself.

I’m a lover of self-help. I love learning.

I love developing the inner child and helping him mature.

The test took less than 10 minutes, and my results have been life-changing.

Many times people say things similar and it makes me cringe.

I’ve taken the test, received my results, and four years later I hold firm to my convictions.

The way that I have been able to leverage having a better understanding of myself has been profound.

This post is the first official blog post on DaniyelBingham.com,

but I wanted to share a resource that I know will benefit you all, as I start to post on this blog.

Find out how to get your personality test results for free below.

Who: The Myers Briggs personality type indicator instrument developed in the 1940’s by Katherine Briggs and Isabel Briggs-Myers.

What: Their goal was to make the theory of psychological types described by C. G. Jung understandable and useful in people’s lives. Many including, including myself, have used their system to get a better understanding of the way we interpret and process the world.

How: The mother and daughter duo developed a personality indicator, that took the insights of type theory, and made it pragmatic for everyday life. The result was 16 distinctive personality types that result from the brains cognitive function.

Show me an example:

Myers Briggs Personality Test
The Myers-Briggs Type Indicator® instruments are listed here display what is known as a “type table.”

For a free description of your MBTI type,

Click here to take the Myers Briggs Personality Test Free.

 

Stephy_xox

In other news, I did that Myers Briggs personality test and turned out I’m an INFP.

itsmckennak

My brother & I just took the Myers Briggs personality test (he got ENFP, I got INFJ!) and now I’m wondering …

 

Hello world! I have INTJ Personality Type.

Hello, world!

Welcome to DaniyelBingham.com.

I have INTJ Personality Type.

Click here to take a free personality test

and see how your personality compares with others.

This is the first post by Daniyel Bingham.

I chose not to Edit or delete it.

I just decided to start writing!

This blog will be about all things relative.

Primarily my INTJ personality type (find out yours).

My love for business, fitness, $$, and being introverted.

Poems I wrote 20 years ago.

Songs I wrote 10 years ago.

Business plans I’m currently EXECUTING!

Back to that personality type indicator jargon.

intj personality
I am an INTJ. I will dig into how to make my understanding of my brains cognitive function work for me in relationships, career, and life.

I will document the 40+ mentality and journey here.

Take this test if you do not know your personality type.

Then come back and comment with your type!