Difficulties Faced by Entrepreneurs Transitioning to Leaders
-Delegation
-Trust and verification
-Listening
-Open-mindedness
-Strategic approach
-Developing emotional intelligence
Delegation
Can be difficult for entrepreneurs as they are used to having control over every aspect of their business
Trust and Verify
-Balancing trusting team members to do their jobs effectively and also verifying their work can be difficult
Listening
Entrepreneurs are driven by their own ideas, but leaders must listen to other ideas and perspectives
Open Mind
Open to new ideas and willing to adapt to changing circumstances
Strategic Approach
-Entrepreneurs are often used to taking quick action whilst leaders take a more measured approach to decision-making
Emotional Intelligence
-Leaders need to be able to understand their emotions and their team members' emotions whilst entrepreneurs are driven by passion and leaders are driven by empathy
