As a seasoned investor, real estate developer, financial expert, and businessman, Jerold Novack has the decades of success to prove his knowledge of leadership. Drawing from his own experience in the business industry as well as knowledge from others, he created this presentation to highlight the qualities of a great leader.

1. How to be a Great
Leader
Jerold E. Novack, CFO & SEVP of Bluerock Real Estate

2. In the ever-changing environment of business,
how do you motivate, connect with, and inspire
your team?

3. Maintain your role as a
leader, but…
• Find a healthy balance between
leading and remaining
relatable to your employees
• Practice compassion
• Be someone your employees
are proud to work for and with
• For all leaders practicing
different leadership styles,
there are practical tips to
implement into your methods
to make you the best leader
possible

4. Here are six practical tips that can be applied to
a myriad of environments to help you lead and
lead great!

5. Emphasize the Why
When you take the time to outline why a project,
assignment, client, etc. is so important, it helps gain buy-
in from your team. It can motivate a team member to
finish a project in a day as opposed to dragging it out
over a few weeks. Letting them in on your rationale as
well as your expectations helps team members feel
they’re more valued

6. Practice Compassion
When a mishap occurs, and it will, exercise
compassion and empathy before coming
down on your employee or jumping to
conclusions. You should be hard on results,
but soft on the person giving those results
to you; understand what went wrong and
how best to help that individual from
making the same mistake again.

7. Skill vs. Will
Underperformance usually comes from one of two places: a
lack of skill or a lack of will. Taking time to uncover and
understand the difference between the two in relation to a
certain employee’s underperformance is key to fixing the
problem. Skill gaps are easy to close with the proper coaching,
training, and support, while will gaps are more difficult to close
and require more digging into where your employees
motivation lie.

8. Family First
Family issues are often unavoidable when
managing a group of people, and allowing
your team to make it their number one priority
in dire times is key to performance. If they
aren’t able attend to personal issues,
performance will most likely suffer, and they’ll
feel like their personal lives don’t matter
outside of the work environment. They do, and
let them know that.

9. Communicate
Frequently
While we all get caught up in our own daily tasks,
personal lives, and the like, it’s important to make
your team feel like they aren’t forgotten. Don’t wait
for a quarterly or annual review to give feedback
on performance, or even worse, for your team
member to ask for it. Stay ahead of the ball, and
regularly check-in with your staff to help them stay
motivated, productive, and heard.

10. Trust Your Team
Experience has shown that staff will go above and
beyond to keep an employer or managers trust, so give
them all of it. Meddling in the minutiae of what your
team is up to instead of giving them the tools and
support they need tends to produce mixed results. So
trust your staff, and they will produce great results.

11. To discover more ways to become a great
mentor, educator, and leader, visit Jerry
Novack’s blog at…
http://jerrynovack.net/