Introduction
In this article, we are going to discuss some of the best leadership principles that one needs to learn from Warren Buffett and Bill Gates. Let’s get started.
Both Warren Buffett and Bill Gates are immensely respected in the global business community. These men have achieved incredible feats in their life as well as in their businesses by doing what they love.
Warren Buffett, popularly known as the Oracle of Omaha, is considered as one of the world’s most successful investors. As of December of 2019, he has a net worth of $88.9 billion. Bill Gates, on the other hand, is best known for co-founding one of the leading technology companies in the world – Microsoft. Currently, he has stepped down from his day to day responsibilities at the company and focuses majorly on investing and philanthropy. As of December 2019, Bill Gates’s net worth is $109 billion.
Best leadership principles that we have to learn
Focus
When it comes to leadership, be it in life or business, it is all about focus. This is something both Warren Buffett and Bil Gates stand by unanimously. In the much-acclaimed documentary ‘Becoming Warren Buffett’ by HBO, Buffett mentioned how he and Bill Gates were once asked to write one single word that had helped them achieve success in their life. They both ended up writing the same word – ‘FOCUS’
Effective Communication
Warren Buffett has always mentioned how important the role of communication is in leadership. If you cannot communicate and talk to other people effectively then you wouldn’t be able to get across your ideas. That will then further lead to your potential going to absolute waste. Therefore, if you aim to be a great leader, then learn the art of effective communication.
Being Aware of The Value of Time
Being aware of the value of time is something that has always been preached by Bill Gates repeatedly. One of his famous quotes reads, “no matter how much money you have, you can’t buy more time”. This implies that Gates happens to value every single minute and prioritizes his daily activities accordingly. Irrespective of the immense amount of success he has achieved in his life. Bill Gates’s value for time has remained all the same. This is something that you need to pay a lot of attention to if you want to become an equally great leader like Gates.
Planning for the Future
Being able to effectively plan for the future is one of the key abilities of a great leader. Warren Buffett is the perfect example of this. He has already planned the management of his company, Berkshire Hathaway, once he decides to step down. The board has already chosen a candidate for each of the following- a CEO, a non-executive chairman, and an investment manager. Future leaders should always be able to think ahead about their successors and how they are going to be groomed for success.
This brings us to the end of our discussion on leadership principles one needs to learn from Warren Buffett and Bill Gates. Now, do let us know in the comments down below about some of your thoughts on the same.
