Giving and receiving recognition is a powerful force in business

Business men in a row clapping their handsPay someone a genuine compliment. Now watch a small miracle take place as the recipient visibly takes on a more energetic demeanor for the rest of the day.

When leaders at all levels of accomplishment receive recognition from colleagues and peers, a notable change occurs. It’s simply the way we are wired.

In fact, if business owners realized just how powerful it is to give and receive recognition they’d probably be looking for more opportunities to interject those moments into their hectic schedules.

There is a way to build that recognition into your entrepreneurial life without jeopardizing your competitive advantage.

When CEOs from different, non-competing industries come together, the opportunity to recognize those stellar achievements within the group proves crucial to building personal confidence. Leaders who exhibit strong self-confidence are more likely to successfully steer a company through a crisis than those who are afflicted with doubts, because they lack a safe sounding board.

When you reach the top of the boardroom, the peers left around your circles of influence are rather sparse. Busy executives have little time to engage in sharing those potent ideas for improving business efficiency and increasing the scale of an enterprise. Yet something very important is lost in the time crunch that so often ensnares business leaders in mundane details: Camaraderie.

The old adage “two heads are better than one” is one that still holds true. Imagine how quickly a thorny business problem could be solved if one could tap the expertise of other CEOs from non-competitive industries? That kind of business connection could rock your world!