An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Entrepreneurship is one of the resources economists categorize as integral to production, the other three being land/natural resources, labor, and capital. An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business.
Leaders help themselves and others to do the right things. They set direction, build an inspiring vision, and create something new. Leadership is about mapping out where you need to go to “win” as a team or an organization; and it is dynamic, exciting, and inspiring.
Yet, while leaders set the direction, they must also use management skills to guide their people to the right destination, in a smooth and efficient way.
Best Leaders and Entrepreneurs skills and behaviors:
- Honesty and integrity
- Inspire Others
- Commitment and Passion
- Good Communicator
- Decision-Making Capabilities
- Delegation and Empowerment
- Creativity and Innovation
What are the common misconceptions about leadership?
People new to leadership often feel under pressure to lead in a particularly dominant way. Sometimes this pressure on a new leader to impose their authority on the team comes from above. Dominant leadership is rarely appropriate, especially for mature teams. Misreading this situation, and attempting to be overly dominant can then cause problems for a new leader. One may experience resistance from the team causing and a cycle of negative behaviors and a reduction in performance
- There is always someone else.
- Always know the answers
- Making everyone happy
- People with a title
- Born to lead.
- Powerful personalities
- Best Worker
What is the difference between Outstanding and Standing out?
Outstanding is prominent or noticeable and standout is exceptional or noteworthy.
The main points of the outstanding are:
Good communication skills, Strong work ethics, Teamwork skills, Initiative, Skills, Flexibility / Adaptability, Relates well to others, Problem-solving skills, Technical skills
and standing out :
Communicates across roles and layers, See the connections, Have a strong network, Know how to influence, Solve other’s problems, Unique skillset, Know more, share more, Focus on the strengths of yours and others, Sharpen the skills that are in demand, Depth of skills, Breadth of understanding, Depth of skills.
The 5 dysfunctions of a team
- Absence of Trust
- Fear of conflict
- Lack of Commitment
- Avoid Accountability
- No attention to results