Founder of James River Capital, Paul Saunders is the chairman, and Chief Executive Officer of the independent investment firm since its creation in 1995. James River Capital is located in Richmond, Virginia approved to operate as a commodity pool operator through the CFTC, commodity trading advisor, and an investment advisor through the SEC. As it stands the focus of James River Capital is fixed income arbitrage, managed futures trading, asset backed security, corporate credit, and equity strategies. Under the direct leadership of Paul Saunders, the independent investment firm has grown into a successful business that continues to grow.
Paul Saunders understands the importance of leadership skills to run a successful business; therefore, he shows his support to his fellow entrepreneurs by giving insight into what makes an effective leader. It is important for a business leader to be able to motivate their employees to work together for the sake of reaching a shared goal. Before becoming a leader, it is recommended to hone leadership skills to develop one of two leadership styles that are both highly effective in motivating employees. The first leadership style is transformational leadership. This style of leadership focuses on motivating employees to continue grow leading to continuous improvement in an employee’s work. This type of leadership requires a leader to be passionate, energetic, and sensitive to the emotions of others to fully draw out their employees’ potential. To be most effective in using this leadership style it is important to remember that being able to motivate employees to continuously grow is most beneficial when a business leader works with employees in making sure they have the resources needed to do their best work. The second leadership style a business leader should have is democratic leadership. This form of leadership is high in employee satisfaction and internal promoting. This is because democratic leadership values an employee’s opinion allowing them to have a say in business decisions. Allowing employees to have a say in the business increases their motivation and commitment to the business making all want to work their hardest to reach their shared goal. For any new entrepreneur new to running their own business it is important to have one of these two leadership styles to be an effective business leader. By having one of these leadership styles it can increase the chances of a new business having a strong team capable of keeping it running smoothly.