Entrepreneurial Leadership

Entrepreneurship is not just for startups. It’s a lens which all organizations should use to view their strategy and leadership in today’s world to address organizational issues.

Startup leaders are often great visionaries and have brilliant ideas. While some of these leaders have been excellent people managers in their previous roles, there are a few of them who have also been great strategists. Skills required for being an entrepreneur leader are a quite a bit of mix and match of all of these and an entrepreneur needs to keep on juggling with these very frequently.

Let’s look at few essential skills/qualities which every entrepreneur leader should have:

A Vision for Future

You have to be dissatisfied with the present state of things; state of things at your home, may be in your life, or it could be state of things in the society. This should be followed by having a clear vision for future state – how do you want it be shaped up.

 Set Goals

To build a thriving company, leaders need to move out of the well-being zone and move into the learning zone. It is there that they will reach their potential. Entrepreneurs need to set new goals for their own self and their teams. Goals force people to move out of the comfort zone.

Follow up with Persistence & Execution

Once the goals are set, entrepreneur would then need to focus relentlessly on the activities that will get them closer to vision. Without execution, all goals are meaningless.

Be a People Manager:

Managing people is as much an art as it is a set of ideologies and tactics. It’s a lesson that is difficult for a lot of entrepreneurs, who are sometimes so enthralled in their brilliant idea that they believe people will automatically follow. Well, It doesn’t happen that way. To turn vision into a company—an abstraction into a tangible—entrepreneurs must be leaders of people as it is these people who will help you build what you dream for.

 Flexibility in attitude & An Ear for the feedback

Success is something all entrepreneurs desire, yet it eludes many — at least at the levels desired. It has everything to do with habits, principles, craving, flexibility and attitude. Often there’s nothing really different between one entrepreneur and another in terms of ability, as each person can do whatever he or she wants. What it all comes down to is having the frame of mind to set real-world habits and keep a balance between attachment and commitment and letting things happen.

Be open to new ideas, find ways to get consistent feedback on your work – You never know; you might get a better/shorter way to success.

Self Reflection and Continuous Learning

Quite a few of entrepreneurs view their companies and their own capabilities through a set of rose-colored goggles. But unfortunately, if you fall into this strata of entrepreneurs who think that they’re god’s gift to entrepreneurship, you’re going to fail.  Not only will you be unable to see how your company can and should be improved, you also won’t be able to effectively direct your team if you can’t see where their strengths and weaknesses lie.

Successful entrepreneurs on the other hand, spend time carefully evaluating the fortes and flaws of their leadership styles, the organizations they manage and the teams they lead.  By knowing where the company and its resources are strongest, they’re able to plan tactical moves that capitalize on their assessment of advantages

 For all of above mentioned elements, some people are naturals at some; others may need to be developed. At Leaderinu, through our business skill training and executive leadership training programs, we focus on getting entrepreneurs to understand and recognize their own leadership styles, as well as giving tools and techniques they can use to hold themselves and their teams accountable to their own execution.   For more information please logon to our website http://www.leaderinu.in/life.php or contact us at info@leaderinu.in

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