Entrepreneurship and Leadership

Entrepreneurs are leaders willing to take risk and exercise initiative, taking advantage of market opportunities by planning, organizing and deploying resources, often by innovating to create new or improving existing products or services.

Managing a company requires solid leadership skills. But being a successful entrepreneur goes beyond basic leadership practice. Entrepreneurs have to create something from nothing. They must lead people into the unknown and devise structure where there is little or none. Not all of these skills are obvious, especially to the entrepreneur. Often entrepreneurs follow their passion for an idea only to realize they need to sharpen their leadership capability. With a little luck, they figure this out before it’s too late.

A successful entrepreneur is a good leader. They take responsibility for their goals. Mother Teresa exemplified this sort of leadership responsibility and captured it eloquently in this quote written on the wall in her home for children in Calcutta:

“People are often unreasonable, irrational, and self-centered. Forgive them anyway. If you are kind, people may accuse you of selfish, ulterior motives. Be kind anyway. If you are successful, you will win some unfaithful friends and some genuine enemies. Succeed anyway. If you are honest and sincere people may deceive you. Be honest and sincere anyway.  What you spend years creating, others could destroy overnight. Create anyway. If you find serenity and happiness, some may be jealous. Be happy anyway. The good you do today, will often be forgotten.  Do good anyway.  Give the best you have, and it will never be enough. Give your best anyway.”

An entrepreneur will be tempted to say no to opportunities they don’t want to pass up when they are feeling overwhelmed. But a good entrepreneur, being a good leader, is the master of their own emotions and reactions and when they build a mindset of being unstoppable, they will find a way to make it all happen.  If as an entrepreneur, you want to say yes to an opportunity but feel that there is too much on the plate, don’t doubt, just take action and find the support needed to make it happen. The only way one can become an entrepreneur is to take a risk. They risk their time, safety, money, security, reputation and so much more.

 

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