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Leadership Lessons for business owners from the Navy Seals

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Leadership Lessons for business owners from the Navy Seals

By , October 4, 2014

After a great keynote session to close the annual Exit Planning Institute confernece in Dallas Fort Worth, by Admiral Ray Smith ( Retired ) Commander of the Navy Seals, it is worthwhile to reflect on the application of these lessons and how they might apply to business owners ( all of whom lead teams – though probably not for the sames stakes ). Admiral Smith highlighted the training of Navy Seals ( youtube video class 224 ) and spoke about the training of their minds and attitude ( its not about fitness they are fit already ) . A few of his key lessons were:

Maximise opportunties to work with your employees.

“Know” your employees – they have lives outside the workplace.

Avoid Empowerment – Enabling your employees is the key to their self-esteem and productivity.

Leaders are responsible for Strategy, but they must retain a working knowledge of the organisations tactical environment.

Basic leadership maths = Authority + Responsibility = Accountability.

Manage ENERGY NOT TIME.

and finally .. Aristotle had it right! ” We are what we repeatedly do” – excellence then is not an act but a habit.

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.