If you want to be successful, fostering trust with others is a great way to start. But leading by example isn't the best way to do so, says a Harvard-trained leadership advisor.

Most people think, "Let me demonstrate to you my competence as a leader, and you will come to trust me," Yasmene Mumby, founder of management consulting firm The Ringgold, tells CNBC Make It. But really, she adds, trust comes from people knowing "that you have their back, that they're supported by you and that your support isn't going to be used for exploitation later."