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5 Ways to Spend Your Leadership Equity Wisely
When you walk into a leadership opportunity, you go with a little bit of equity by virtue of your position and the inevitable honeymoon period during which those you lead will let you get by with just a bit more than they will a decade later.
But you have to be very careful with that equity.
Every decision you make, and every risk you lead your organization to take will require an investment of some of your leadership equity (the trust people place in you).
Make good decisions and your equity will grow.
Make poor, costly decisions, you lose trust equity and it’s nearly impossible to lead when you’re bankrupt of influence.
So how do you handle the equity you have?
1. Risk It, Don’t Horde It
Jesus Christ once told a parable about three investors. One of them buried his lent wealth instead of risking it — he got in big trouble! The two earned a return and were entrusted with greater opportunities.
You can’t walk by faith without taking risks. You can’t reach the summit of success without risking your current position.
