According to a report published on Deloitte Insights, 86{b2c334eadc11e85d85e7d69ea6071353c57eb82a7d535ea251e0a34fd19231a4} of companies interviewed in a survey say that developing new leaders is an urgent or important need. This means that the majority of organizations would prefer to groom a number of their employees who have the potential to handle higher positions than to hire externally.

Taking up leadership training courses is a great way to boost your confidence and gain the additional skills and knowledge you need to be an effective leader. Once you think you’re ready to take on a leadership role, you can demonstrate your readiness and competency through these strategic actions:

1. Bring extra value to the table

When you were still applying for your job, during the interview, you were probably asked the question, “What can you bring to the table?” You probably answered this all-important question by enumerating a list of your accomplishments, skills, experiences, etc. But once you’re ready to take on a higher position, you’ll need to bring more to the table.

This means taking on more work that you’re sure you can do competently and complete. If you have a set of tasks you need to do daily, go beyond the norm and put in more effort in your output.

For instance, if you’re in retail, don’t just aim to close the required or minimum number of sales every day. Work on getting more sales and giving patrons better customer experiences. By going beyond what you and your boss are used to, you are showing that you’re ready for more responsibilities.

2. Solve a big or recurring problem

Problem-solving is one crucial skill that all leaders should have. You can demonstrate that you have this highly prized ability by actually solving a huge problem or one that never seems to go away in the workplace.

Take the time to study certain processes or the office overall. Find out what causes delays in operations, dissatisfaction among customers, and discontent among your co-employees.

Do some research and recommend research-backed strategies or solutions to solve these problems. Work with the HR team, manager or business owner, and your co-workers to know if these are feasible fixes.

Once the new processes will be implemented, make sure you take a proactive stand and take the lead in accepting and following these changes.

3. Take ownership of your work

Humility is another trait people look for in leaders, and it is something that you should have as well. However, you should also own your contribution to success.

When others (especially your boss) notice and praise your accomplishments, accept and thank them. If you took the lead in a successful project, acknowledge your teammates’ efforts, but make sure you are aware of the important role you played in its realization.

4. Generously give credit to those who deserve it

Unless you took on a project yourself, always recognize and call out the efforts of your teammates. This is a crucial element in demonstrating and cultivating great teamwork. Appreciating the work of your colleagues shows your boss that you are paying attention to other people’s input and that you understand how everyone’s work contributes to the success of the company.

Recognition is one of the biggest things employees want to get from their bosses for inspiration. Even if you’re not a boss yet, acknowledge your colleagues’ efforts; they (and your superior) will appreciate you for it.

5. Inspire others

Genuinely acknowledging the hard work of others is a wonderful way to get the respect and admiration of your co-workers. However, take your appreciation a step further by motivating them to be better and to perform at a higher capacity as well.

Aside from leading by example, find different ways to inspire your colleagues. If some of them are experiencing burnout, offer tips on how they can overcome this. In case you’ve already experienced the same thing before, share some things about what you went through and how you successfully managed it.

If some of your co-workers want to become better employees, or are also aspiring for a higher position as well, encourage them to join you in team coaching sessions. All of you will learn something valuable from these programs. It is also an amazing way to let others know you are thinking of their welfare and success too; this, in turn, will encourage them to strive for more.

6. Know how to listen

Listening to another person with an open mind is a highly admired quality. It is essential to building and sustaining quality relationships.

If you know how to listen with an empathetic ear and open mind, you can develop a culture of passion and energetic teamworks. This is a clear indication that you have what it takes to be a leader. These are also traits that employers and managers look for and value in their next leaders.

7. See the big picture

Developing the ability to see and think big now will help you become an effective employee and leader. This refers to the capacity to keep an eye on the bigger vision of successful leadership without getting affected or caught up in various obstacles or issues at work.

Big picture thinking will also enable you to act proactively instead of reactively. When you already have this trait, your boss will know you are ready for a leadership role. This is because this quality is highly helpful in effectively managing people and time, and with turning challenges into opportunities.

8. Find, define and strengthen your voice

Building your personal brand is a by-word in the corporate world today. This is something that job-seekers are encouraged to focus on.

Finding and building up your brand’s voice and standing out from the crowd in a positive way will also help others see you as a potential leader. This can also spill over to your convictions; staying true to what you believe in is a good sign of a remarkable leader.

There is nothing wrong with pulling out all the stops if you’re keen on taking a leadership role. After all, aiming for a higher position is a goal worth working hard for. It is rewarding in many aspects and it is a clear sign that you’re on the right track to achieving greater success.

 

1st Stage-Initiation:

There can be varied reasons for a business start-up but the main values in running the business are of those who are the founders. We can see that company exhibits the main skills of the founder in its spirits, for example, if the founder is an engineer, he will emphasize in production rather than sales and marketing which should not be neglected. Main efforts are centered on the acceptability of the product in the market. If the owner can provide the demands of business i.e. time, energy, and finances, he/she can move to the second stage. Otherwise, he/she will have to wind up their business as there is limited time for the company to stay at one stage. Here the main focus changes to establish the company and earn profits. With this financial push company will need to formalize the system and start record keeping, an unskilled manager can’t handle this all. After this, there will be demand for change in administration’s style because of increased activity in his business.

2nd Stage-Growth:

The moment a company moves forward to the expansion stage it should be able to earn a decent profit, but that profit will not go to the owner. This is because it will be invested in the business in order to assist in the capital demands of the company. It demands time for coordinating functional managerial activities; it demands complicated organizational structure mainly focusing on functional lines. Now research and development will be established in order to increase product range. At the start, it will be on a smaller scale because of lack of capital. If management continues changing its environment, the company can stay at this stage for some time. In many cases, owners sell their business at this stage for substantial benefits. The increase of new markets and product will demand more finances. This stage faces larger competitors who deal the situation by putting stress on emerging firm; this stress can be in the form of very low prices as well. At this stage over trading is the biggest threat if not handled properly it can lead the business to demise. As the company grows it need to extend geographical trading and distribution, so ‘supervised supervision’ will be required at this stage. If new competitors enter the market and the owner wants to maintain his shares, he will have to put more capital by himself or attract some partners.

3rd Stage-Expansion:

This stage demands proper management reports, budget control, and dispersed authority, along with a formal accounting system. Basic adaptation at this stage will be to systemize administrative roles which are keys to survival through this stage. The expansion stage demands stable long term funds which will be important and if there is not plan for partners then this stage must be considered right now. Although retained earnings are major forms of funds but dividends are the special attraction to the investors; at this stage these are inevitable. Now company’s track record will help in gaining long term loans but the company will have to give security in the form of assets.

4th Stage-Maturity:

At this stage main issues are about expense control, search for growth opportunities and productivity. The direction of authority can be towards functional lines or it is reorganized with production lines. As there is severe price competition, therefore, productions department should be the center of focus and authorities should emphasize on innovative moves towards betterment.

Now basic investments are in sales and marketing struggles and maintenance and plant up gradation. The company grows up to a level that income is sufficient to tackle this but occasionally more long term load prove to be a support. At this level firm may limit its operations or move on, normally acquisition or floatation in order to become a large corporation.

Whatever the situation, managers are pressured by shareholders to safeguard the future of the firm. However, the time of great trial falls to the founder. He built his business with great effort and sacrifices, and now he is asked to give it away.

 

Has it ever struck you that Ugandan banks could be alienating potential customers by not considering financial translation services and having their transactions done in the English language? Every Ugandan bank you go to has its receipts written in English. In fact even most of the tellers and other staff in these banks speak only the official national language – English.

It’s ironic that banks that are at the forefront of preaching the gospel of developing a savings culture are the ones doing all their official business in the English language yet they know that most Ugandans are not well-educated and even some of those who have attained formal education up to university level are still not fluent with the Queen’s language and prefer communicating in the local languages.

This situation in Uganda’s financial sector justifies the urgent need for financial translation services. In the capital city, Kampala, the local newspaper Bukkedde sells more copies everyday than Daily Monitor and New Vision. Even in western Uganda, Orumuri newspaper which is written in Runyankole-Rukiga sells like hotcakes because people generally prefer reading something written in their mother tongues.

This also explains why the glut of radio and television stations that saturate our country since the liberalisation of media in early 1990s are popular for broadcasting in local languages. Radio stations like Sanyu Fm, Radio One, and Capital Fm (to mention only three) which broadcast exclusively in the English language are only popular among the urban elite who are the minority compared to stations like CBS in Buganda or Radio West in Mbarara who have more listeners but broadcast in the local languages.

Need for a paradigm shift

It goes without saying that we need a paradigm shift in Uganda’s financial sector as far as communications is concerned. Those who cannot speak English language fluently don’t deserve to miss out on messages of financial and economic empowerment. Thus the time is now for banks and other financial businesses to hire financial language translators to always translate their documents into local languages for accessibility of those not articulate in the English language. Other translation services offered in various languages include;

Oromo translation services

Kinyarwanda translation services

Malagasy translation services

Somali translation services

Kirundi translation services

Chewa translation services

Tigrinya translation services among many others.

The other day a lady from one of the big insurance companies in Kampala came to persuade me to sign up for one of their educational insurance packages. She was Ugandan with a Ugandan name but she was speaking fast like a rapper and in a foreign accent that made it hard for me to grasp what she was saying. I asked her to speak in Luganda but she said she was not fluent in it though she was born and raised in Buganda. In the end I never signed up for the package she was selling because I just could not keep up with her foreign accent and fast speech.

This is another example of how the language barrier is costing business owners and financial corporations many potential customers. The proletariat who are the majority would rather keep their money in piggy banks or stash it under their mattresses than save it with banks because the banks and other companies are not speaking the language these ordinary folks understand. If they did, many banks would be booming because many people would be saving with them and we would have a robust economy. As a common saying goes, a word for the wise is enough!

 

Dealing with customers internationally or do you source the goods or parts from foreign vendors?

Then, this might interest you.

For a period, the stricter regulations under the US Department of Commerce, State, and Treasury have sent jitters to various companies. There’s no substantial reason to become non-compliant with the export regulations at all. Since the steps are taken for national interest, the vested interests would definitely find it unruly. But, the common citizenry applauds the state for taking such robust measures against perpetrators and traitors.

The ever-changing norms of export regulations are a cause of worry for the international trading community, especially the exporters. However, the different state departments are working on the way to remove the bottlenecks and ensuring seamless movement through the procedures. If you turn a blind eye to the procedures, then you may fall into a legal soup for violations, which has serious penalties amounting to rigorous imprisonment and monetary fines. The disrepute is an added burden to that.

In all, the trouble can be cut short in the midway. Generally, the ECCN classification involves several steps, such as consulting the Export Control Officer, developing superior knowledge about the product/service as well as export control regulations. If this wasn’t a phenomenal problem in itself, determining an item under ITAR or EAR would literally break anyone down. Quite not a feasible idea, isn’t it? Not only it’s time-consuming, but hampering the way business functions or functioned till date.

It’s appalling to see that some businesses have no qualms about it, leaving it to their fate as it is, instead of complying with the regulations. But, the delirium prevails elsewhere. Thankfully, the introduction of automated systems to identify products and determine the export license has benefited the businesses.

Trade compliance solutions through Automated Searches

Consistency is the key. Yes, it’s not a proverb in this context. A company, with its individual control program for exports, should ascertain consistency in the procedures. Otherwise, any dereliction would lead to severe penalization from the authorities. Similar it goes for the ITAR compliance measures. The problems of the Middle East are known to everyone, therefore, the magnified evaluation of exports to those countries is nothing new at all.

Eventually, the software vendors would get all the credit for offering superior software solutions with automated search options. Whether it is for identifying an article/item for export or checking out the trade partner’s credentials against restricted party lists, the software-enabled systems allow seamless functioning within an enterprise.

While the means of ECCN and HTS classification has been made available, it is of utmost importance that the searches are based on real-time and matching up to the standard requirement at the offices. For example, any business may tag a software with a dummy tool, only after witnessing that it’s too slow for bulk searches.

The reputable consulting companies, which offer trade compliance solutions and have industry experts in their core team would address issues of all kinds, even the petite ones with sheer experience. As a result, you have an advantage of preventing the problem at its start.