1. Decide if you really want to be a leader. In some cases, brilliant technical experts or Sales people should continue to be brilliant in their field - and not feel obligated to become managers.
2. Make peace with ambiguity in decision making. There are usually no clear right answers when making complex business decisions. Even CEOs are guessing.
3. Gather a reasonable amount of data, involve people, then follow your gut and do what you think is right.
4. Accept the fact that you are going to fail on occasion. All humans do.
5. Have fun! Life is short. Why should you expect your direct reports to demonstrate positive enthusiasm, if they don't see it in you?
6. Once you make a decision, commit and go for it. Don't continually second guess yourself. If you have to change course, you have to change course. If you never commit, all you will ever do is change course.
7. Demonstrate courage on the outside, even when you don't feel it on the inside. We are all afraid on occasion -- that is just part of being human. If you are going to lead people in tough times, you will need to show more courage than fear. When direct reports read worry and concern on the face of a leader, they begin to lose confidence in the leader's ability to lead.