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    Four Leadership Styles in Business: Leadership Style Quiz.

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    A business cannot function without Leadership, but it takes more than a seniority level or top executive position to become a leader. Leaders are everywhere and provide direction, motivation, and clarity and create confidence among the people in their circle – whether they’re employees or not.

    How you influence your peers and how your actions impact the overall success of your company or division is contingent on how you lead. There are indeed natural leaders, but every person can develop into an effective leader by learning the lessons of people in their lives and looking at their actions’ impact on the people around them. Successful leaders also understand how they can continuously improve their leadership skills.

    The Difference Between Leadership and Management

    It is essential to understand that the two areas of management and Leadership have distinct objectives and require different competencies. It’s also easy to misinterpret the two. In our daily life, we’ve learned to be respectful of those in high positions and our older relatives. However, job titles and ages play a more significant role in the management discussion and are very little or do not have anything to relate to Leadership directly.

    Leaders inspire. A manager provides direction. This is the distinction in an easy-to-understand way. Managers can lead as well. However, both require different approaches.

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    Types of Leadership Styles

    The German American psychologist Kurt Lewin is credited with defining the basic leadership styles in 1939. Lewin and his research team tasked children with an art and craft project while they assessed the behavior and reactions to different leadership styles. The aim was to determine which one was the most effective for business.

    Lewin identified three different styles that he identified as leadership styles: Autocratic, Democratic, and Laissez-faire. Over time, new leadership styles have been developed, and one that is typically grouped into Lewin’s three styles is Transformational Leadership. There are today many different styles of Leadership in the workplace. However, the four most common styles of Leadership that you’ll encounter include:

    • Autocratic
    • Democratic
    • Laissez-faire
    • Transformational
    • Let’s take a look at each separately.
    • Autocratic Leadership

    Sometimes referred to as Authoritarian Leadership, an Autocratic Leadership style is easily summarized by the instruction, “Do as you’re told.”

    In Autocratic Leadership, direction comes from the top, an individual who is the leader of a company or team. Autocratic leaders decide on the strategic policies, procedures, and how the organization will operate—business by dictating the entire process to subordinates. Authoritative leaders do not focus on working in conjunction with others who are in their circle. They are not interested in receiving feedback and prefer to control all the power and to be in control.

    In his research, Lewin observed four different behaviors and outcomes from the Authoritarian Leadership style:

    • The leader decides the policy of the organization.
    • Authorities can regulate methods and steps for activities in a series of steps, which means that future actions or methods are not specific.
    • The leader usually decides on the work assignment and each team member’s coworkers.

    The dominant has a “personal” in his praise and critique of the work of the team members. However, he is not interested in actively participating in the group in the event of performing. He’s friendly or unpersonal and not outright hostile.

    Autocratic examples are Martha Stewart and New England Patriots Head Coach Bill Belichick.

    Characteristics: Autocratic leaders usually have qualities that subordinates admire, including determination, self-assurance, and a steady commitment to their goals.

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    When It’s Effective: Although Autocratic Leadership or a “Don’t question my commands” approach may not sound like fun, there are instances where this style of Leadership is adequate and appropriate when needed, for instance, in emergency and chaotic circumstances that need an individual to control the group and take a quick and efficient decision.

    If it doesn’t work, If you’re working for an autocratic boss may be irritated and feel under-managed. Since the highest authority makes all decisions, the employees may depend on that individual for guidance and cannot make business decisions independently.

    Democratic Leadership

    Also called Also known as Participative Leadership, the Democratic Leadership method is a way of gaining input from your subordinates as well as team members so that everyone gets an opportunity to be part of making decisions. Democratic leaders are the primary decision-makers. However, their method allows everyone to feel involved and is involved in the end result. Democratic leaders are adept at generating imagination among their subordinates. Projects benefit when positive inputs come from everyone.

    Lewin’s study of Lewin’s research on Democratic Leadership style uncovered these four behavior patterns and the result:

    All policies were the subject of discussion in the group, and the Leadership facilitated and supported a decision.

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    Perspective on activity was acquired during the first discussion. The general steps towards achieving the group’s goals were sketched out. In cases where technical guidance was required, The leader suggested three or four alternative options from which a decision could be taken.

    The members were allowed to collaborate with anyone, and the division of work was the responsibility of the group’s leader.

    He was “objective” or “fact-minded” when praised and criticized and could act as an active group member in spirit but without performing too much work.

    • Microsoft: Corporation co-founder Bill Gates, Nelson Mandela, and Walt Disney, President of The Walt Disney Company, are frequently cited as examples of leaders who are democratic.
    • Quality: Democratic leaders possess a drive for curiosity that fuels their desire to hear from everyone. Their desire to be part of a participatory environment makes them excellent leaders, and their subordinates frequently have them within their reach.
    • When it works, The use of a democratic method for Leadership can yield positive results when the team feels like it is as if they are part of the cause. This can lead to more creative input and usually increases employees’ morale.
    • When it Doesn’t Work If it Doesn’t Work: Not every manager can succeed using the democratic method. There will always be some employees who feel excluded because their ideas or suggestions need to be considered. Furthermore, trusting the group to develop solutions could be problematic if the team isn’t trained or skilled to respond to the request.

    Laissez-faire Leadership

    Beware of letting the title fool you. Laissez-faire leadership isn’t a “Who cares?” approach. Instead, it is about giving your employees the power to do their job, remaining completely hands-off, and allowing them to do the job to be completed without constant questions or micromanaging. Laissez-faire leaders let decisions be made by their employees but remain in touch to offer feedback whenever required.

    According to Lewin, Laissez-faire leaders exhibit four typical behaviors and produce results:

    • Absolute freedom for any individual or group decision Without any involvement of the leader
    • The manager provided various materials and made it explicit that he would give details when asked and not take any other part in the discussions at work.

    Leaders who are completely non-participant

    Rarely do members make comments about the activities of members unless they are questioned, and there is no attempt to interfere or influence the flow of the events.

    • Past U.S. presidents James Buchanan: Herbert Hoover, Ronald Reagan, industrialist Andrew Mellon, and businessman Warren Buffet are often cited as examples of Laissez-faire-minded leaders.
    • Qualities: Laissez-faire leaders are skilled at delegating and instilling confidence in employees when they assign tasks without supervision. They can provide constructive criticism when necessary and are often regarded as trustworthy because they are willing to place the responsibility on employees.
    • When it works: Laissez-faire strategy often leads to quicker decision-making because employees don’t have to seek the boss for permission. It’s also particularly effective when employees as a group are educated and competent for the job that they are assigned to. They are highly competent and don’t need supervision. When supervised by a Laissez-faire leader, they can feel more fulfilled when they accomplish their job without the assistance of instructions.
    • If it doesn’t work, Hands-off is a problem if your team needs to grasp the goal. Furthermore, leaders who are laissez-faire could find that employees need guidance or supervision to accomplish more or do any of it. You should consider reconsidering this strategy if you need more confidence in your staff and their collective capacity to finish an assignment without supervision.

    Transformational Leadership

    Transformational Leadership involves developing a big vision and rallying employees around it. In this way, the team is determined to grow and change professionally and personally to reach the objective. With the team and the organization united, teams that work under a transformational leader are united behind a single goal and are willing to give their energy and time to the business.

    Transformational Leadership Qualities:

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    • Understanding the things that need to be changed
    • The ability to stimulate your brain
    • A knack for encouraging participation
    • The ability to communicate with authenticity
    • Loyalty
    • The sense of the bigger perspective
    • The integrity of the person

    An inspiring bearing/presence

    • When it works: Transformational Leadership allows employees to see the company’s goals and vision and remain productive and loyal as they work to fulfill their goals. Transformational Leadership creates workplace harmony because everyone works together, and communication channels remain open between the Leadership and employees.
    • If it doesn’t work When it Doesn’t Work: Although a fully active and engaged team is something everyone’s leader desires, Transformational Leadership has been associated with stress as employees strive to meet their objectives. This method also requires continuous interaction and feedback between leaders and employees. And should those lines be shattered by any means, employees may feel excluded from the bigger picture.

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    Seven YouTube Tips and Strategies to Grow Your Business.

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    YouTube is an effective instrument that companies can make use of to expand their reach and expand their customer base. With more than 2 and half billion active monthly users, YouTube provides businesses with an enormous platform to showcase their goods, services, and brand messages. With such a massive and popular user base, It can be difficult to stand out from the other videos and have your video seen by prospective customers.

    This is why we’ve compiled the following list of seven suggestions and strategies that you can make use of to expand your company’s presence on YouTube. From optimizing your YouTube videos to ensure SEO and adding annotations and ending screens to entice viewers to act, These tips can enable you to get the most value out of YouTube and increase your revenue.

    Seven YouTube Tips and Strategies to Expand Your Business.

    Optimize your Videos to be SEO-friendly

    If you would like your videos on social media to be seen by prospective clients, you must improve them to be optimized for SEO or search engine optimization (SEO). That means you should include relevant keywords within your titles and description so that your videos will appear more prominent on search results. It is also possible to use tags in your videos.

    Can add tags to make videos more optimized for SEO.

    Tags are words you use to identify your video. YouTube utilizes these tags to categorize and index your video content. By making a bit of work and effort, you can ensure that your videos on social media are doing their best to work hard to bring new viewers to your website.

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    Utilize End Screens

    Screens, in the end, are an enjoyable and effective way to advertise your other channels, videos, and websites. They can also serve as a guide and make it easier for viewers to subscribe to your channel or share your content. To add an end-screen to your YouTube channel, you must visit the YouTube Studio and click on the “End Screens” tab.

    In the next step from there, you can incorporate images, texts, or videos to advertise whatever you’d like to. Be sure to ensure that the ending screen appears towards the very end of the video and does not interfere with your viewing experience. If you’re creative, screen endings can prove to be an effective instrument for boosting the popularity of your Youtube channel.

    Create Engaging Thumbnails

    The most significant but still largely ignored element in your video is the thumbnail. It is the first impression people see as they view the video. Therefore it’s vital that it’s attractive and interesting. It’s good to know that there are a handful of steps that you can use to ensure that your thumbnails are top-quality. Choose images which is appropriate to the content of the video and which will draw people’s interest.

    Make sure that your image is at a high resolution. Then, make sure the image is of high quality and resolution. After everything, the goal is for the viewers to be able to clearly see the things they’re clicking. Also, you can add text to the thumbnail. It may be the title of your video or catchy slogan, or any other thing which will draw the attention of viewers. If you follow these steps by following these steps, you can make sure your thumbnails will be able to get more views and increase the number of views on your YouTube channel.

    Leverage Social Media

    If you’re the proprietor of a small or perhaps a mid-sized company, You’re likely aware of the importance of promotion. It is crucial to bringing customers and increasing sales. There are several ways to promote your product or services. However, the best and yet the most affordable is by using social media. If used correctly, the platforms can aid in reaching many people and increase the visibility of your content for a larger public.

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    How can you utilize social media to market the popularity of your YouTube videos? Make sure you publish your videos on each of your social networks. This can help boost the exposure of your video and ensure that they are noticed by the maximum number of people possible. Consider also making use of paid-for promotion tools, for example, Facebook advertisements or tweets that are promoted by Twitter.

    They allow you to focus on a particular group of people and greatly increase the exposure of your content. Remember to add hyperlinks to your videos within the signature of your email Signature and on your site. If you take advantage of each of these channels for promotion that you can use, you can significantly improve the number of viewers who watch YouTube video content and increase visitors to your site.

    Work with other YouTubers

    One of the best and best methods to gain increased views on YouTube videos is participating in collaborations with YouTubers with an audience similar to yours. There are several different ways that you can explore collaborating with other creators using YouTube.

    As an example, you can create a Q&A joint video and host one another in videos, or make sure you promote each other’s content through the videos you make. One of the most crucial aspects is to identify a YouTuber with a similar market as you do in order you can get new viewers via the channel.

    If you’re looking for a guaranteed amount of visibility for your YouTube videos advertising with paid advertisements is the best option. YouTube has options for ad formats. They include in-stream ads (ads that appear before and after, as well as during the content) as well as discover ads (ads that appear in the results of searches or are used as suggestions), and bumper ads (short non-skippable, short ads). Advertisements that pay are an effective method to increase the number of viewers to your content since they place your videos in the hands of people who are already curious about your content.

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    Make use of Copyright-Free Music and SFX.

    Music that is free of copyright and royalty-free music and SFX can provide great methods to add an additional dimension of excitement to YouTube videos. There are several sources of copyright-free music and SFX available online, and many of them are accessible for use at no cost. It is important to be aware of the conditions of each source prior to making use of any content from them.

    Some sites may ask that you attribute your music and SFX to them. However, others permit you to utilize it with no attribution. After you’ve identified an option you’re happy with, take the music files as well as the SFX files and incorporate them into the video. With a small amount of thought and preparation, you can quickly add copyright-free music and SFX to YouTube videos and provide them with the professional look you’re searching for.

    The End of the Story

    These are some of the strategies you can utilize on YouTube to increase your sales and profits. If you are willing to put in the effort and energy, you’ll be stunned by the speed at which you’ll see your positive results! Making a YouTube channel successful requires patience, perseverance as well as creative thinking, and some trial and trial and time at the end of the day.

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    Do You Want To Use Your Home As A Business Location? There are 5 Things To Consider.

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    We’ve discovered through the COVID outbreak that many of us can work in the comfort of our homes. This is why there’s been an increase in the number of people who want to make their Home for business purposes.

    Making your Home an office space has many benefits. In the beginning, you’ll lower costs, such as rent and other rates. Additionally, you’ll be in control over the working conditions.

    However, it’s not smooth sailing. There are some drawbacks to be conscious of. This article will explore certain things to be aware of before utilizing your house as an office premise.

    5 Reasons to Think About Using Your House as Your Business Location

    1. Know the difference between Converting your Home to work from the comfort of your Home

    First, you must know the differences between turning your Home into commercial premises and working as an employee from at Home. If you’re running an enterprise from Home and want to expand your business, it’s necessary to modify your Home to make room for the situation.

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    Know the difference between converting your Home into a Work From Home. For instance, you might have to create an area for work with distinct phone lines and internet connectivity and ensure that your insurance policy will cover business-related actions.

    2. Take a look at the legal aspect

    Additionally, there are legal issues that you have to be aware of. As an example, you’ll have to consult with your local authority about what you have to do for planning permits or permits.

    It is also necessary to ensure that your company complies with all relevant laws and regulations regarding health and safety. In addition, if you employ employees who work for you, you’ll have to follow the rules regarding employment.

    Zoning regulations are yet another factor to think about. The regulations may differ between different areas, and it’s essential to determine the laws for your specific area.

    3. Think about the financial implications

    There are various issues with finances you’ll need to be aware of. In particular, you’ll have to ensure you’re still in the tax-free zone or benefits for which you have a right.

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    Are You Planning to Make Your House a Business Location – Five Things to Think about – Consider the financial implications of how your homeowner’s insurance affects your company. If you’re a homeowner with any mortgages on your Home, it is essential to inquire with the lender to determine their restrictions regarding using your Home to run a business.

    4. Consider the practical implications

    Consider thinking about how your company can impact family time. Also, it is essential to consider the noise level, parking, and deliveries. Also, you must ensure that you have sufficient space to allow for the growth of your business.

    If you are dealing with products you want to wrap or ship and then keep, you must ensure you have enough storage space. Suppose you decide to go using top-quality custom packaging by StickerYou. In that case, it is essential to consider the area for the packaging products and the room needed to pack and transport them.

    Also, it is essential to consider where your customers can collect their items if you provide local delivery or pickup in-store.

    5. Think about the Tax Implications

    If you are using your house as your office, it is necessary to inform HMRC that you are doing so. Also, you will need to consider how your company will be taxed.

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    In other words, you must be taxed on income profits even as a sole trader. If you decide to create a limited-company and are a corporation, you must pay tax on your earnings.

    Be aware of the tax ImplicationsIn short, changing your house into a commercial location can be a fantastic option to cut costs and gain more control over the working space. However, it is essential to take into consideration a number of factors prior to you making the move. When you’re sure you are able to handle the consequences, then you are able to enjoy the advantages.

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    How Does Business Car Leasing Function?

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    Suppose you want to enhance your professional profile or benefit from the tax advantages of business cars. In that case, leasing can be a straightforward and economical way to access high-end vehicles for yourself and your employees.

    For entrepreneurs who are sole traders or limited companies, as well as those who are in fixed partnerships and limited Liability Partnerships, a business lease car lets you change your car’s model every couple of years at an affordable monthly fee.

    In this article, we’ll detail how business leasing deals for cars are made, how they differ from personal leasing, and how you can cut costs through a lease for a business car.

    What exactly is business car leasing?

    Instead of purchasing a vehicle for yourself, leasing a business vehicle lets you access brand-new cars with a fixed monthly fee, which is typically spread over one and five years.

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    Since you’re not paying for everything associated with the car, a company car lease is cheaper than other forms of finance, such as Hire Purchase. Additionally, if you use the vehicle only to travel for work, you are entitled to reclaim 100% of the tax on rental payment and servicing expenses, as well as miles and fuel. Any personal use of the car will decrease the amount of VAT you could claim back.

    What is the process for leasing a business vehicle? Operate?

    Models and makes available vary depending on the provider; however, whether you require an executive vehicle or a transport van, leasing a business vehicle can help you locate an automobile that meets your needs at a meagre cost per month.

    To qualify to be eligible, your company must operate, be able to show solid results and undergo a credit screening to confirm that you can pay the lease’s monthly payments.

    At the beginning of your lease, you’ll have to make an initial payment of between 3 and 12 monthly instalments, which are later deducted from the total cost of the lease. This will be called ‘6+23’, meaning you’ll pay 6 months in advance and the rest over 23 equal instalments.

    It is also possible to agree on a maximum annual mileage for your vehicle with your supplier, which could vary from 8,000- 40,000 miles per year. If you are more than this number, you’ll be required to pay an extra mile cost, so make sure you’re realistic in your estimate and, in the event of a mishap you’re unsure, allow yourself some breathing space.

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    Leasing for business vs personal

    The most significant difference between commercial vehicle leasing and personal leasing is the possibility of claiming the VAT back from your monthly rental payments and a maintenance charge, which can help you save as much as 20% off the expense of an equivalent vehicle on a personal lease.

    But the moment you utilize your car in a mix of personal and business trips. However, you’ll only be able to claim a small portion of the VAT. If your employee uses their car for private motives, they’ll need to pay a tax on benefits-in-kind that is calculated and determined by the price list of the vehicle and the CO2 emission. The lower the emission and the less tax they pay, the less.

    Pros and cons, as well as tax advantages

    Pros

    • Cost-effective: access new vehicles for a minimal monthly cost and claim VAT
    • The leasing company absorbs the expense of depreciating the value of your car, which means you won’t be charged.
    • Make sure to write it off against your income – it is possible to include your leased car in your balance sheet and then write it off against the profits.

    Cons

    • Charges if you over the miles, return your vehicle in a damaged condition, or do not maintain it correctly. You’ll be charged.
    • The vehicle must be returned to its original condition, and you will not be permitted to change it or label the car in any manner.

    Some insurance companies provide ‘complete care’ plans. If not, you’ll have to take responsibility for taking out an appropriate insurance plan. It is important to note that the leasing firm is the owner registered to the car. If you don’t, it may make any claim unenforceable.

    The next step

    The problem is that new vehicles are costly and could be wiped out by the majority of their initial value in three years. For small businesses with strained margins, leasing cars let you enjoy a brand-new vehicle at a fraction of the price.

    Alongside benefiting from the most recent technology and security features, you and your team can present an impressive image on the go and access various vehicles that can meet demands. Make sure you are realistic about the amount of mileage you’re planning to drive and look around for the most affordable price.

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