Leadership is a great skill to have when running a business, and a skill that many people continually work hard to achieve. Whether you run a large or small business, chances are you have employees who look up to you and need your guidance. Here are four traits of effective business leaders. 

1. Flexibility

Technology and best practices for running a business are constantly changing, so the best leaders in their field need to be ready to adapt and thrive with these changes. While it is important to have a long-term vision for your company, it is essential to keep an open mind and have plans to overcome any unforeseen obstacles that might get in the way.  A successful leader adjusts his or her plans when they no longer prove to be effective, quickly changing the way they go about long and short-term goals. 

2. Honesty

Competent leaders know that trustworthiness is one of the most important, if not the most important, traits to have among employees and employers alike. Employees like to know sooner rather than later if they are doing a good job in their position, and employers appreciate knowing if you are having a problem with a certain project or meeting a deadline. Integrity within a business goes a long way in terms of attracting and maintaining a customer base, both in terms of buying a new product and entrusting a service to your company.  

3. Engagement

Great leadership involves asking for feedback and opinions from those who you interact with at your company. While some personality types may have a difficult time delegating tasks to others, it is important to consider the skills of the group you are working with and assign tasks to those who are most competent to complete a particular assignment. The ability to consider the opinions of people in your group also goes a long way towards gaining trust. 

4. Passion

A great leader does not necessarily need to be an extroverted person, but they should have a passion for helping people and the work that they are doing. This attitude will rub off on your employees and lead them to be more enthusiastic and productive. People who are passionate about what they do are also less likely to become unmotivated after a failure or setback. 

With these four traits, you are on your way to bringing effective and productive leadership in your workplace.