I am the CEO of the CXP – CEO Experience. My mission is to provide resources to leaders who desire to learn fast to lead further. “How do I develop the leaders on my team when I barely have time to accomplish all my tasks and responsibilities?”
This is an internal struggle leaders are often faced with. While growing future leaders can seem overwhelming, having a good strategy can go a long way. Leaders who invest in their people see improvement in their people.
If you’re looking to develop your next-level leaders, here are five investments to consider.
The best gift a leader can give is their time. When a leader gives their attention to key people, it creates defining moments where values are shared and wisdom is imparted.
Schedule one-on-one meetings with your next-level leaders, or find other blocks of time to mentor them. Set goals on how much time you’d like to spend with each mentee every week.
A time investment conveys the importance of leadership development to the entire team, and especially to the leaders who are learning from you.
Let the old proverb, “Where your treasure is, there will your heart be also,” remind leaders that when their people succeed, they do too. Leaders who place a high premium on developing leaders understand the axiom that when their people get better, their organizations get better.
Financial investments in your team to help them grow professionally can inspire a person to lead at a higher level. People only get better when someone takes the time to equip them with new skills, abilities, and knowledge.
It is inevitable that your mentee will make mistakes. A test of belief for you is to give them support and freedom even in the midst of poor choices. Often, leadership lessons come in the form of personal mistakes and errors. Good leaders learn from them.
Consider your tolerance level for mistakes as you teach the next-generation leader how to lead well.
A vital component of training the next-level leader is being authentic and transparent. In teaching others, candor and truthfulness about different parts of the organization must be on display. This transparency includes being honest about how well your people are performing and what steps you are taking to correct behavior and changes in attitude. Consider the level of transparency you are willing to show as a mentor.
Successful leaders know how to enhance the strengths of their key people. Wise leaders know how much ability a person has and is using.
Put people into places where you see they have the potential to blossom and where they can be developed by new experiences and opportunities. When people have the right strengths and abilities, a leader will often find that a little investment in those strengths provides an enormous return. Good leaders know the strengths of their next-level leaders and how to enhance those strengths so that breakthroughs can happen.
Leaders who help develop their next-level leaders receive a great return on their investment. Leaders should never lead alone, for two can always produce more than one.