Some may say being an entrepreneur is a lonely task. Being the one to either build up a company from scratch based on a brilliant idea or take on multiple business concepts with the intent to harness multiple streams of income can only be done with success by ONE individual. But what we don’t seem to take in consideration is that there is no ‘I’ in ENTREPRENEUR.
What stands out in in the word ENTREPRENEUR is “ENTRE” which is close to the word entree’ meaning to go before the main course of a meal. Some may recognize an entree’ to be the main course but as you can see without an entree’ there is no main course. I will go one step further to say the entree’ could never arrive without a main course being planned. I say this to not make you feel hungry, I say all this as a metaphor, if you will, that if the entrepreneur is to exist, who is preparing and organizing the ‘main course’ (business)?
It takes a team of people to execute the vision of the entrepreneur to build and sustain a business. When the team succeeds, every member of the team deserves to take credit and when there’s failure, every member of the team should take credit in that too. Each team member needs to know that the sustainability of the business depends on them as much as on the senior executives. Leadership is the process through which an entrepreneur is able to influence a team to achieve the vision of the business. In order to be an EFFECTIVE leader, an entrepreneur must do two or more things:
- Build trust and confidence amongst its team
- Communicate effectively with them
Business Tip of The Week
“AN EFFECTIVE ENTREPRENEUR CAN ACHIEVE AND MAINTAIN A CONSISTENT RAPPORT WITH THEIR TEAM BY WORKING DILIGENTLY IN COMMUNICATING THEIR VISION AND BUILDING TRUST BY BEING AN EXAMPLE OF WHAT THEY WANT TO SEE FROM THEIR TEAM CAUSING CONFIDENCE, SATISFACTION, AND OVERALL COMMITMENT TO SEEING THEIR VISION BECOME A REALITY.”
This week we are going to break down what it really is to be the CAUSE and EFFECT of your business. It ultimately relies on YOU the business owner. The ability to be an effective leader is a crucial element to any business or business structure. Helping YOU be aware of what it takes to be successful in this area will bring forth ease and longevity to your business and your team. Understanding that seeking self-improvement by accepting responsibility for your actions (good or bad) helps you make better decisions on behalf of your business and identify those areas that you may not be strong in like being trustworthy, or being the example for others to follow, etc. will overall maximize your chances to succeed.
Tomorrow we will ask are you the cause or the effect of your business and break down those two areas needed to be an effective leader.
Onward and Upward!
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