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It hardly seems possible, but the time has come when high-potential millennials are assuming leadership roles.

If you take the long view, it makes sense to prepare your best, young professionals now for the big promotional step that their predecessors typically had to wait 10, 15 years or longer to expect. They’re already so “up to speed” on so many essential, differentiating aspects of the competitive marketplace that they add value now that renders the typical career maturing process obsolete. You want to keep them. And to keep them often means promoting them at a more accelerated rate than you might have normally.

Here’s the problem: They’re still young. And in many ways — judgment, emotional intelligence, perspective — they’re still immature. Fast-tracking their career path means that they necessarily skip essential skill-building and seasoning experiences that typically helped their older colleagues make wiser choices. To their credit, they know they need that extra support around critical developmental areas. (read more…)

See part 1 here.

Many people owe their careers to their ability to make small talk with senior people in their companies.

When you learn how to speak informally, you will demonstrate that you are someone who is comfortable in your own skin. And that trait is important to advancing your career.

  (read more…)

Want to be a better leader? Try improving your vocabulary.

No, I’m not talking adding the latest management and leadership buzzwords or jargon to your repertoire. If that’s what you’re looking for, try the Wall Street Journal’s Business Buzzwords Generator. You’ll be able to walk around uttering leadership gibberish such as “Moving forward, it’s time to act with strategic vector and transform our team bandwidth” and “Looking forward to 2015, ideation will be key to our ability to impact the solutions holistically.”

I’m talking about adding some powerful phrases to your vocabulary that will engage and motivate, encourage people to come up with ideas, and inspire commitment.

It’s not an exhaustive list – just a collection I’ve picked up over the years – so please feel free to add your own in the comments section.

  1. “How can I be a better leader?” Credit goes to Marshall Goldsmith for this one.
  2. (read more…)

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One of the more puzzling and precarious realities about how owners lead businesses these days is the vast numbers who do so with little to no accountability. Every other employee is subject to scrutiny and performance reviews. Except if you’re the company king, The Boss Boss. But is that truly viable and sustainable?

Kudos are certainly due to owners for having the smarts, vision, courage and stamina to own the company. Many of you actually founded it. Congratulations. But owners would readily admit that nothing automatic comes with ownership. Infallibility, impeccable judgment and vital leadership skills are not “bundled” with the ownership package. And we all espouse the wisdom of continuous improvement — for our staff.

It just doesn’t occur to many of us owners that we need someone to hold us accountable. It’s an honest mistake. After all, we are accountable every day in so many ways to customers and employees and market forces. (read more…)

The Young Entrepreneur Council is an invite-only organization comprised of the world’s most promising young entrepreneurs. YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses. Read previous SmartBlogs posts by YEC.

Q. What is one thing I can do to ensure that we are actively promoting and/or recruiting qualified women to higher levels in our organization?

yec_Maren Hogan1. Reach out

With all of the social tools and professional networks at our disposal, you can virtually trip over great talent and reach out to them. A surprising number of the workforce is willing to make a job change for the right reasons. Give them those reasons. — Maren Hogan, Red Branch Media

yec_Travis Steffen2. Be gender-blind

I’m not a huge believer in a gender-balanced workplace just for the sake of having it. As an employer, the most important thing to me is getting the job done as well as humanly possible. (read more…)