If you don't know who Steve Stoute is, here are some facts on the business mogul. Steve was a top executive at Interscope Records and is solely or partially responsible for launching the careers of Nas, Mariah Carey and Will Smith to name a few. He is the founder and CEO of Translation LLC a leading advertising agency based in New York City. He is also the Chairman of leading beauty products company Carol's Daughter. His partner is non other than Jay Z. He is responsible for putting some of the biggest names in music together with some of the biggest brands in the world. He is also the author of the best selling book "The Tanning of America". New York Times sat down with the busy Mr. Stoute to get his take on what one has to possess to be successful in business today.
Q. What are some important leadership lessons you’ve learned?A. One of the hardest things to do is run an organization. And teaching people who work for you is a very important skill set that requires patience. I’ve seen a lot of great leaders fail to execute because they couldn’t get a team to rally behind them. You meet a lot of entrepreneurs who want to build great businesses and they have great ideas, but their leadership style doesn’t allow them to have any patience to teach people.
