2. Accepts challenges Challenges, both known and unforeseen, are obvious to come when your business grows. A leader should be able to face them with a positive attitude and as you move forward, your confidence level will increase to face any unforeseen problems. Flexibility is one of the finest qualities a CEO should possess as business always demands its leaders to migrate to new innovative ways. A manager can accept challenges only when he comes out of his prejudices and look at every possibilities to solve the problems.