The Nelson file Featured

8:00pm EDT July 26, 2010

What business lessons have you learned that would be helpful

to other leaders?

One thing that I have learned is that your ability to be successful is determined by making sure that you have the right people around you. You learn to trust them and support them and build a loyalty and a relationship that allows you and them to be successful. That first point is making sure you have good people around you. One of the hard lessons that we all have to learn is thinking that sometimes we can do it with average people around you. No. Make sure you build a strong team of people around you, and you, in return, show complete loyalty and trust in that person and that team. That is a lesson, certainly, I have learned over the years. You can see the sharp contrast when you haven’t done that, so that’s the first thing.

The second thing is to never lose sight of what has made your company successful and what are the strengths and weaknesses of your company. I’m a believer that you should always play to your strengths and try to eliminate your weaknesses as much as possible.

The third thing I would mention is a key component. We all know that in today’s environment we have to move very quickly at times and be very aggressive. But don’t forget the importance of being patient, especially as you’re dealing with key people that you work with. We all know that organizations do need to continue to change. Don’t get frustrated, realize that and be objective. Some change actually does take time. So appreciate the role that patience plays in certain initiatives and decisions.