Category: Money

James River Capital’s Tips Becoming a Good Leader

In the modern business world, it is not uncommon for businesses to morph and evolve with the times. James River Capital Corp is a company located in Virginia. It was originally born as an alternate company under a parent brand, but that changed in 1995 when Paul Saunders and Kevin Brandt stepped up. As a pair of senior level workers, they acquired the business for independent operations. In a recent company blog article, they describe a series of tips for an effective leader.

 

The most effective way to becoming a good leader is not down to simple science, but rather its more of an art form. It requires unique personal traits that differ person to person. A healthy first step is to become part of the team. The team leader who supports form the sidelines is not going to see the same success as one who activity gets involved with the project. By directly supporting your team, they will see how much the project truly matters. Learn more: http://jrccblog.net/

 

The presence of a leader in the workplace is a double edge sword. A leader who is overbearing or obnoxious will never get the same level of support as a leader who listens to their team. Studies have shown that 85 percent of employees will likely hold back important information to their bosses. This is out of fear of negative consequences for speaking up. A good leader should create a safe work environment where team members can freely speak their mind. The creative process only work when team employees don’t have to hold back.

 

Lastly, the blog recommends encouraging each member to speak up. Even in the most open groups, there are always going to be a few quiet and shy individuals. A simple solution is to regularly ask them if they have something to contribute. Another way to keep track of who is speaking up and how frequently, then focus on those who’s voice haven’t been heard. A good leader who takes into account everyone’s opinion will see longer term success.

 

The path to being a good leader is one that requires time and practice. The approach to one team, might not work another team. A good leader is someone who is loved by those around them, and adapt to the task at hand. Follow James River Capital on LinkedIn

 

James River Capital’s Advice on Refreshing Your Style of Leadership

In most offices, employees withhold crucial information from their employers. An employee will hesitate to come forward with an important idea if they are afraid of their employer. To develop a good working environment, communication between you and your employees should be easy. Here are more 3 ways to help refresh your style of leadership.

 

  1. Psychological Safety

 

A good leader makes the working environment psychologically safe for their employees. When your employees are psychologically safe, they will be very innovative. It also makes engaging and collaborating with your employees easy. As a leader, you will be able to focus on coming up with ways to make it easy for others to come to you when faced with challenges. To do this, you have to encourage growth and be concerned about each employee. It is also good to congratulate an employee when they make progress. Letting every worker voice their opinion during staff meetings makes it psychologically safe for them.

 

  1. Motivate Workers to be Great

 

As a leader, you should recognize the best skills each of your workers has. You have to be compassionate and look beyond what is obvious. Once you identify and harness the potential of your employees, they will be at ease, confident, productive, and rise to great heights. Learn more: https://www.behance.net/jamesrivercc

 

  1. Give Every Employee a Chance

 

You should always support your employees. When you support them, they will not hold back. They will be open whenever they have ideas. To ensure that every employee gets a chance to speak during meetings, call out individuals by name and ask for their opinion on the matter at hand. However, do not be pushy; just let them know that their ideas are valuable.

 

James River Capital

 

James River Capital is a company in Richmond that offers advisory services on investment. The company was established in 1986. Back then, it went by the name KP Futures Management Corp. All its customers are in America. Some of the services they offer are advisory, investment management, commodity trading among others. In 1995, Paul Saunders acquired the company from Kidder, and it became independent.

 

About Paul Saunders

 

Paul Saunders is the founder of James River Capital. He is also the C.E.O., chairman, and principal at this company. He has always been passionate about finance, which is what led him to an investment banking career. Paul is keen on making the working environment-friendly for his employees. In one of his recent articles, he talks about how important it is to help workers avoid burnout. By successfully avoiding burnout, the workers become more productive, which in turn leads to the overall success of your business. Saunders has one wife, Vicki, who he has been married to for 39 years. Both have a passion for philanthropy.

 

Why the simple changes make an impact in leadership according to James River Capital

Even though to some people being a leader comes naturally, they still need to work on some aspects to become effective leaders. According to James River capital, a financial investment firm based in Virginia, becoming an effective leader is all about the simple changes that one makes in the way they do things.

 

For instance, an article posted on the firm’s blog advises leaders to shift their focus from leading to being supporters of their teams. Such a change might seem simple, but it has been working miracles for companies like Facebook, where instead of leading, the management team acts as a support system to the junior employees.

 

Encouraging communication

 

Another way to increase effectiveness as a leader is clearing any obstacles that render you unapproachable. This makes your team members more comfortable in approaching you whenever they have suggestions or information that might help propel your team to success. Breaking the ice between you and your juniors isn’t that hard. It only takes the simple things, such as appreciating them each time they achieve something, no matter how simple it might be, and always being considerate of what they have to say.

 

Being respectful of their opinions

 

Lastly but not least, leaders have to be attentive to what each of their team members has to say if they want to become effective and boost their team’s success. One way that a leader can ensure that everyone’s thoughts are taken into account is by giving each team member a chance to speak up during a meeting.

 

They can ensure this by preparing a list of all those who’ll be in attendance before the meeting begins, and then marking off all those who’ve had an opportunity to air their thoughts. As the session comes to an end, they should review their list, and note those who haven’t had a chance to speak, then give them the opportunity to do so. Nevertheless, they should prioritize the comfort of each team member, and if one doesn’t feel like speaking, then they should not force them to do so. Learn more: https://www.turtletrader.com/trader-jamesriver/

 

About James River Capital

 

Headquartered in Richmond, Virginia, James River is an investment firm that became fully independent in 1995. During its inception in 1986, the firm served as a department to a more prominent investment firm known as KP Futures management Corp.

 

What changed?

 

It became a fully functional independent company after Paul Saunders, and Kevin Brandt completed its acquisition from KP. Since then, it has grown in heaps and bounds and now serves as an official investment advisor firm under SEC and CFTC’s commodity trading advisor.

 

Due to the great leadership that Paul and Kevin have exhibited over the years, the firm has bagged multiple accolades. For instance in 2014 JRC was the recipient of the US Hedge fund performance awards and Invest hedge awards.

Connect  James River Capital on  LinkedIn

James River Capital: Dealing with Employees Who are Burned Out

Repetitive working conditions, especially inside office buildings and factories, is one of the recipes for employees feeling burned out. This is a serious condition, and it could affect the workflow and the job quality of those who are involved. Companies around the world have been dealing with this kind of situation, observing how their employees behave and trying to come up with a resolution. James River Capital, a company specializing in financial and investment management, pointed out some of the causes why employees are becoming burned out. The company is known for their effective handling of employees who are burned out with their jobs, and through extensive research about the condition, the company was able to return their employees to their normal self, becoming more productive than ever. Learn more: https://vimeo.com/272365860

 

The James River Capital stated that one of the reasons why the employees are burned out is because of the repetitive tasks that they are doing at work. The company highlighted the importance of providing various tasks that are not repetitive, which would allow the employee to engage actively without feeling bored. The company also encouraged other businesses to give their employees sufficient time every day to write down their goals for the day, and try to reward them if they can finish all of the tasks assigned to them. With proper schedule management and distribution of tasks, employees will feel more productive, and they can accomplish a lot for the day, compared to others who are distracted by overflowing tasks and unclear working schedules.

 

Transparency is also important when dealing with employees. Other businesses are promoting their employees based on their relationship with the management, but this is wrong on so many levels. Promotion should not be based on how close an individual is to the boss of the company, but it should be based on their merit and credentials. By choosing the right person for the job, employees will be inspired to do their best. It would also affect their performance inside the company, making them more competitive to become promoted. This is a great way to deal with employees burning out, and it has a positive advantage to the business.

 

Finally, the management should prevent creating a toxic environment for the employees. They should always consider the rights of the people working for the business, and be considerate enough especially if they have family-related problems. The James River Capital successfully prevented their employees from burning out by creating a positive working space, giving them time to grow, and sending them to workshops and other related activities that would allow them to develop their skills in leading the company and developing a good relationship with people, especially their officemates and higher-ups.

 

How to Be a Better Leader according To James River Capital’s Founder Paul Saunders

Not everyone is cut out to be a leader. Holding this position and effectively directing its duty calls for a proper combination of both business and social skills. More importantly, it calls for open-mindedness and having the desire to keep on learning new skills that enable you to delegate the roles of this position successfully. According to Paul Saunders, there are simple things that business leaders can do to improve their leadership style and in effect increase productivity within the institutions they run. These include:

 

Being part of a team

 

Every leader must learn to be a supporter of the teams they lead as opposed to playing directors. Supporting instead of leading increases effectiveness in that, it enables them to change their approach to interactions with their juniors. Follow James River Capital on LinkedIn

 

Opening up to ideas

 

Paul is also of the opinion that business leaders should encourage vertical communications between senior and junior staff. He particularly emphasizes on this factor because the harder it is for employees to communicate with their bosses, the tougher it will be for them to reach out to them when they have information or ideas that could help the business grow.

He argues that when leaders create a smooth rapport with their subordinates, the easier it is for both parties to bring ideas to life. Ease of communication also makes it possible for employees to reach out when they have problems that might hold down their productivity. Learn more: https://www.levo.com/paul-saunders

 

Encouraging divergent views

 

Apart from offering support and creating a good rapport, another way for leaders should also allow and encourage everyone to air their divergent views regardless of their rank. Allowing everyone to give their input during a meeting or any other function boosts productivity as many ideas are brought together to create something unique. They should also avoid coming off as pushy by trying to force views out of an employee as this might create fear.

 

About James River capital

 

James River capital is an investment firm headquarters in Virginia. The firm was established in 1986 as an alternative investment department for another firm. However, Paul Saunders and Kevin Brandt took over its reigns in 1995 and steered it towards operating independently. Currently, Saunders is the majority shareholder and serves as the chief executive officer, portfolio manager, and chairman while Brandt serves as the president. The firm specializes in investment management, commodity trading, and advisory services.