Leaders come at all different experience levels. What they have in common is their passion to improve themselves while striving to meet the highest standards. There are a variety of leadership skills embraced by senior-level executives that can translate to the success of any employee.

According to The Ladders here are five behaviors and habits of successful leaders. Implement these skills in your business strategy and become a better leader.

Know your objective and execute accordingly

Expert leaders drive everyone towards a common goal. They can envision what they want their team to achieve in both the long and short term and execute with precision. As a successful leader, it’s imperative that you lead by example. Instill confidence in your team and teach them proper problem-solving techniques and skills that will help them improve in the long run.

Establish an environment of effective communication

Successful leaders understand that effective communication is imperative and without it innovation can stall, production is slower and mistakes can happen. Winning leaders also share the overarching plan with their team and trust them to do their job. At the same time these leaders communicate with their employees on a personal level and take the time to know them and their interests outside of work.

Practice precise time investment

It’s important to have a clear understanding of which areas of the business will provide the greatest ROI. Effective leaders invest their time in these areas and evaluate each employee based on performance related to these areas.

Embrace risk, loss and failure

Never be afraid to try new ideas that have the potential to fail. Successful leaders view failure as one step closer to success and understand that risk often drives rewards, as opposed to allowing setbacks to discourage them.

Stay disciplined

Winning leaders make a habit of excellence and make sure everyone stays on course as well. They don’t get sidetracked, lose interest and or allow themselves to settle into bad habits. What pushes someone to the next level is strict discipline and drive to not only improve themselves, but others as well.