What does it take to be a leader? Although it can be defined in many different ways, a true leader takes his personal characteristics and puts them toward a specific goal or cause. Interestingly enough, being a business owner does not instantly make a person a leader.

Business owners and managers go through several different stages in business. Some are good, and some are bad. However, there are 3 distinct phases in which they are forced to focus on the future of the business. SBN reporter Abby Johnson discusses these three stages in this video broadcast.