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6 Tips to Help Managers Become Leaders

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You might be a good manager if you have the right skills, but it is hard to wear leadership shoes when your feet don’t fit. Many managers are in for a rude awakening as they learn how difficult it can be to become a leader. Managing people is not easy, and even worse, it’s not always fun. 

You need to stay focused on the job at hand, yet that requires taking time away from it. It also means being willing to make unpopular decisions and face backlash from those they impact. This is especially true if you’re leading a team or department of employees.

The Difference Between Managers and Leaders

Managing others isn’t about doing their jobs well; it’s about helping them do theirs better. If you want to be a great manager, you must understand that the best leaders don’t necessarily know the most about what needs to get done. 

Instead, they are the ones who inspire others to work harder, faster, smarter, and more creatively than ever before. They are the ones who can make the tough calls when everyone else is paralyzed by fear or doubt. They take action when no one else dares to move forward.

Here Are Six Tips For Becoming A Great Leader

1. Be Honest With Yourself

It’s easy to tell other people how things should be done, but you’ll never be able to lead effectively if you can’t admit your weaknesses. It’s not enough to say, “I’m too busy,” or, “The project just doesn’t seem important.” 

No matter how much you want to delegate responsibility, you will always be responsible for making sure everything gets done. And, as the leader, you need to be honest with yourself about whether you’re really up to the task. Are you delegating because you don’t have time to handle it? Or, are you afraid of failure? Leaders who are willing to take risks, even if they fail, are the ones who get things done.

2. Ask For Feedback

If you want to improve, you need to ask for feedback. You might think it’s an inconvenience, but you’d be surprised at how often people will offer constructive criticism if you ask. Even better, it will help you grow personally, so it’s worth putting in the effort.

3. Set The Example

People follow leaders, not bosses. You need to model the behavior you expect from your team members. If you want them to act professionally, you must act professionally. This includes things like arriving early and staying late.

4. Keep Your Priorities Straight

Being a leader means knowing where you’re headed and having the confidence to take action. If you don’t know where you’re going, you won’t get there. That’s why it’s essential to keep track of all the tasks, projects, and goals you have on the go. Having a clear vision helps you avoid getting distracted by urgent items and focus on the important stuff.

5. Take Responsibility

A great leader takes accountability for their mistakes, accepts responsibility for the consequences, and never blames others. A good leader knows that everyone makes mistakes, but they also know that learning from them is part of the process.

6. Learns and Develops Skills

Leaders are constantly growing. They learn new skills, take on new challenges, and work hard to improve themselves. If you want to become a great leader, you need to do the same. Learning is the key to growth and helps you adapt to change.

How Can A Leadership Coach Help

As a manager, you already know the importance of being open and honest with your team members. But there are many ways you can coach them to become better leaders themselves. One of the best ways to do this is through mentoring programs, which pair experienced leaders with less-experienced ones. 

These programs can help develop your protégés into future leaders. Another way to support your team is by teaching them to lead by example. When you take on a leadership role, you have to be willing to sacrifice your comfort for the organization’s benefit.

Coaches like Stavros Baroutas help managers become influential leaders. The Stavros Baroutas Android Application offers a fresh look at personal development with interactive coaching features and a goal-oriented approach. This app’s daily videos and podcasts will help you achieve your goals. After viewing these videos, you’ll have a different perspective on life because they’re so transformational!

How Can You Start Working On Your Leadership Skills

There’s no one-size-fits-all solution for becoming a great leader. You need to find the path that works best for you. However, some common traits are necessary for success regardless of the method you choose. 

You need to be self-aware, disciplined, and comfortable making unpopular decisions. You also need to be willing to take risks and accept responsibility for the consequences. To succeed as a leader, you must first recognize that you’re a leader. 

You must then commit to the journey, and you must be willing to put in the work. Finally, you need to believe in yourself and your ability to make a difference.

Final Words

Leaders are constantly under pressure. As the leader, you need to balance the needs of your team members with the needs of the company. This means making tough decisions, sometimes without consulting anyone else. It’s not always easy, but if you’re committed to leading, you need to embrace the challenges. Once you’ve made it to the top, you’ll discover that the rewards are far greater than the stress.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Derik Fay and the Quiet Rise of a Fintech Dynasty: How a Relentless Visionary is Redefining the Future of Payments

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Long before the headlines, before the Forbes features, and well before he became a respected fixture in boardrooms across the country, Derik Fay was a kid from Westerly, Rhode Island with little more than grit and audacity. Now, with a strategic footprint spanning more than 40 companies—including holdings in media, construction, real estate, pharma, fitness, and fintech—Fay’s influence is as diversified as it is deliberate. And his most recent move may be his boldest yet: the acquisition and co-ownership of Tycoon Payments, a fintech venture poised to disrupt an industry built on middlemen and outdated rules.

Where many entrepreneurs chase headlines, Fay chases legacy.

Rebuilding the Foundation of Fintech

In the saturated space of payment processors, Fay didn’t just want another transactional brand. He saw a broken system—one that labeled too many businesses as “high-risk,” denied them access, and overcharged them into silence. Tycoon Payments, under his stewardship, is rewriting that narrative from the ground up.

Instead of the all-too-common “fake processor” model, where companies act as brokers rather than actual underwriters, Tycoon Payments is being engineered to own the rails—integrating direct banking partnerships, custom risk modeling, and flexible support for underserved industries.

“Disruption isn’t about being loud,” Fay said in a private strategy session with advisors. “It’s about fixing what’s been ignored for too long. I don’t chase waves—I build the coastline.”

Quiet Power, Strategic Depth

Now 46 years old, Fay has evolved from scrappy gym owner to an empire builder, founding 3F Management as a private equity and venture vehicle to scale fast-growth businesses with staying power. His portfolio includes names like Bare Knuckle Fighting Championships, BIGG Pharma, Results Roofing, FayMs Films, and SalonPlex—but also dozens of companies that never make headlines. That’s by design.

Where others seek followers, Fay builds founders. Where most celebrate their exits, Fay reinvests in people.

While he often deflects conversations around his personal wealth, analysts estimate his net worth to exceed $100 million, with some placing it comfortably over $250 million, based on exits, real estate holdings, and the trajectory of his current ventures.

Yet unlike others in his tax bracket, Fay still answers cold DMs. He mentors rising entrepreneurs without cameras rolling. And he shows up—not just with capital, but with conviction.

A Mogul Grounded in Real Life

Outside of business, Fay remains committed to his role as a father and partner. He shares two daughters, Sophia Elena Fay and Isabella Roslyn Fay, and has been in a relationship with Shandra Phillips since 2021. He’s known for keeping his personal life private, but those close to him speak of a man who brings the same intention to parenting as he does to scaling multimillion-dollar ventures—focused, present, and consistent.

His physical stature—standing at 6′1″—matches his professional gravitas, but what’s more striking is his ability to operate with both discipline and empathy. Fay’s reputation among founders and CEOs is not just one of capital deployment, but emotional intelligence. As one partner noted, “He’s the kind of guy who will break down your pitch—and rebuild your belief in yourself in the same breath.”

The Tycoon Blueprint

The playbook Fay is writing at Tycoon Payments doesn’t just threaten incumbents—it reinvents the infrastructure. This isn’t another “fintech startup” with a flashy brand and no backend. It’s a strategically positioned venture with real underwriting power, cross-border ambitions, and a founder who understands how to scale quietly until the entire industry has to take notice.

In an age where so many entrepreneurs rely on noise and virality to build influence, Fay remains a master of what can only be called elite stealth. He doesn’t need the spotlight. But his impact casts a long shadow.

Conclusion: The Empire Expands

From Rhode Island beginnings to venture boardrooms, from gym owner to fintech force, Derik Fay continues to build not just businesses—but a blueprint. One rooted in resilience, innovation, and long-term infrastructure.

Tycoon Payments may be the latest chess piece. But the game he’s playing is bigger than one move. It’s a long game of strategic leverage, intentional legacy, and generational wealth.

And Fay is not just playing it. He’s redefining the rules.

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