Ending Soon! Save 33% on All Access

Why True Leaders Acknowledge Reality (And Their Own Mistakes) Brian Tracy lists a few important traits that crop up in strong leaders.

By Brian Tracy

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Brian Tracy talks about the attributes that make a good leader. They include:

  1. Good leaders know honesty and integrity are the foundations of leadership. There are difference between those who are successful young, those who are temporarily successful and those who remain successful. The differentiating factor among these people is strength of character and integrity. In othe words, leaders do the right thing because it is the right thing to do.
  2. Leaders keep their promises.
  3. Leaders are not fearful of speaking with honesty. They are also not averse to facing the truth or to see the world as it really is.
  4. Leaders need to be able to be courageous but also receptive to the fact they may be wrong. Tracy notes that with technology moving things forward and changing society so rapidly, it is easier to trip up or make a mistake. You may not be in the wrong, but as long as you are open to the possibility you may be wrong -- you will improve your own leadership abilities.
  5. Leaders are fair when other are unfair. In these instances, it can be helpful to follow the mantra of former First Lady Michelle Obama, who advised, "when they go low, we go high."

Click the video hear more about what makes a good leader.

Related: A Business Coach May Just Be the Resource You Need to Refresh Your Company Mission

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

Brian Tracy

Chairman and CEO of Brian Tracy International, Speaker and Author

Brian Tracy is chairman and CEO of Brian Tracy International. He is the leading coach on the topics of leadership, self-esteem, goals and success psychology. Learn more at BrianTracy.com

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Brian Tracy

The Personality Traits That Define a Successful Problem-Solver

Go From Unmotivated to Goal-Oriented With These Hacks

Successful Leaders Incorporate These Steps When Creating a Company Vision

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Marketing

What I Learned From Spending $5.9 Million on Marketing Last Year

Road-tested tips to 6X your revenue per lead, double your social media leads and increase sales conversations. I know because I lived it!

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.