1.5.6 moving from entrepreneur to leader

• an entrepreneur has ambition, initiative and a need to control rather than be controlled. this can make it hard to become an effective leader of a large business - because entrepreneurs are wary of delegation
• delegation

  passing authority down the hierarchy, to allow more junior employees some decision making power
• learning to delegate

  • they will develop systems within the business
  • the process of delegating gives the other person authorities to carry out a task or make a decision
• trusting other

  • when hiring employees or taking a business partner on entrepreneur will have to learn to trust others
  • often this will mean letting go of an idea that they have neem nurturing or delegating tasks out to new employees
• listen to others

  a good entrepreneur when moving to leader will need to have open discussions, its importance to make those also in the business aware that they dont believe...
• have an open mind

  you are open minded if you:

  • accept new suggestions, comments + questions
  • are always in search of new ideas + innovation
  • have a flexible mind, adaptive
• be less reactive

  • a true business leader will be less reactive to dynamic markets + more proactive
  • setting trends, see a gap in the market, beating competitors to new ideas
• develop emotional intelligence

  • self-awareness of emotions
  • self-management - controlling their emotions
  • social awareness of others emotions
  • relationship management controlling emotions to better focus and work together
• becoming a leader

  • delegate + trust
  • listen to others
  • proactive not reactive
  • emotional intelligence
• emotional intelligence

  • self-awareness: recognise your emotions
  • self-management: control emotions and steer them positively, remain flexible
  • social awareness: read others' emotions
  • relationship management: managing interactions