There are seven universal principles at work behind every choice, every interaction, every word that is said and every action that is taken. Understanding these underlying principles will help you grow and prosper as a leader and as a person.

1. Fairness

Fairness is a principle that's understood by children everywhere, but as we grow up, we each may develop our own individual concept of what is and isn't fair. On your team, there needs to be a common understanding of fairness, and it needs to be defined, communicated and demonstrated by you as the leader every day.

When you make decisions, be open and honest with your team about how they were made and why. People may be resentful or mistrusting of decisions that have been handed down arbitrarily or without input and explanation.

2. Honesty, Integrity and Trust

The people on your team want and need to trust you. They want to know that you've given them all of the facts and that nothing is being hidden from them. The way to gain that trust is by being honest and living with integrity.

If you meet this need for them, you'll gain their trust, understanding and faith. This can't be accomplished by what you say; it needs to be proven by how you live.

When you do make a mistake or a bad decision, disclose it. Don't blame someone else, lie or pretend it didn't happen. Be honest about it and move forward.

3. Potential

Everyone is capable of being and doing more than they are now. Everyone on your team - whether they're a rookie or a subject matter expert - needs to feel that you see his or her potential to grow, acquire new skills and develop.

People look to a leader to evoke that from them, inspiring and allowing them to grow, evolve and fulfill their potential so they're constantly improving and learning new things. Don't restrict their growth by assuming they'll adhere to your predictions of how they'll act, think or talk.

See each person's potential and not their limitations. Assume they're growing and evolving all the time, and this will empower them to grow into the next phase of their development, instead of stagnating where they are.

4. Growth

When you're tuned in to each individual's potential for growth and change, you can help that along, actively supporting the new skills they have acquired that will fulfill their potential. You can accelerate their growth by offering them concrete opportunities such as training and upgrading of skills or connecting them to a business coach or mentor.

Growth will occur through both positive and negative experiences, so encourage your team members to try new things and to learn and grow even through failure and mistakes.

5. Respect and Dignity

Respect is difficult to earn and easy to lose. Adopt the "golden rule"