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As a leader, leaving a great legacy is arguably the most powerful thing you can do in your career and life because it enables you to have influence well into the future – even after you are out of the picture yourself. 

Legacy building in business contexts can take the form of working to ensure the long-term viability of the organization and leaving it stronger, more productive, and more valuable than it was before. Or, in more dramatic scenarios led by entrepreneurs, creating an entirely new organization. 

Thinking about your legacy is also a great way to ensure that you are taking into account the long-term perspective of your organization and resisting the temptation to make myopic decisions that are overly focused on short-term gain.

Understand your legacy.

First, you need to really grasp why it's important to leave a legacy in the first place.

"The legacy we leave is part of the ongoing foundations of life," says business philosopher and author Jim Rohn. "Those who came before leave us the world we live in. Those who will come after will have only what we leave them. We are stewards of this world, and we have a calling in our lives to leave it better than how we found it, even if it seems like such a small part."

Look back on your own life, and you'll see legacy-leavers everywhere, from the founding fathers of our nation to your parents, former teachers and elder family members. All of these people left you with instructions on how to live—for better or for worse. And now it's your turn to decide what kind of legacy you'll leave for posterity.