The principate resembled a modern constitutional monarchy, and is characterised by its attempts to preserve the continuance of the Roman Empire and the features of a republic.
A princeps had all the virtuous characteristics of an ideal leader and was expected to take care of Rome like a father figure.
Maius imperium proconsulare granted supreme power anywhere throughout the Empire and control over provinces, military treasuries, armed forces, and foreign policies. Someone with this title could also enter Rome without giving up their power; the power of a proconsul
Tribunicia potestas granted the power to veto legislation and was a highly respected (sacrosanct) position given by Augustus and subsequently later emperors; the power of a tribune
The princeps held supreme authority over the entire Empire, prompting modern historians to compare this position to an autocrat or dictator.
Princeps had power to act in other capacities which were once confined by other consuls/generals = things got done quicker because there were less barriers to get through
People loved Augustus as princeps as he was able to fulfill roles and complete tasks more efficiently, even if it did mean all positions were taken
The role of princeps absorbed functions of the Senate
Public revenue was separate from a princeps, meaning he could spend wherever he saw fit
Princeps were free from laws and traditions and had the absolute jurisdiction which let them veto anyone OR put anyone on trial