1.5.6 Moving from Entrepreneur to leader

What are features of entrepreneurial leadership?

• Brilliant tactician

• Single-minded in pursuit of a goal

• Unshakeable self-confidence

• One-to-one persuader

• Idea generator

What are features of CEO leadership?

• Brilliant strategist

• Inspiring figurehead

• Gravitas and presence

• Able to reassure large groups

• Idea prioritiser

Why is the need to delegate a difficulty in transitioning from entrepreneur to leader?

• Entrepreneurs need to learn to delegate tasks and responsibilities to others

• This can be difficult for entrepreneurs who are used to having control over every aspect of their business

Why is trust and verify a difficulty in transitioning from entrepreneur to leader?

• As a leader, it’s important to trust team members to do their jobs effectively

• It’s also important to verify that tasks are being completed correctly and on time

• Finding the right balance between trusting the team and verifying their work can be a challenge

Why is learning to listen a difficulty in transitioning from entrepreneur to leader?

• Entrepreneurs are often driven by their ideas and visions

• As a leader, its important to listen to the ideas and perspectives of others

Why is having an open mind a difficulty in transitioning from entrepreneur to leader?

• Leaders need to be open to new ideas and willing to adapt to changing circumstances

Why is being less reactive a difficulty in transitioning from entrepreneur to leader?

• Entrepreneurs are often used to taking quick action and making decisions on the fly

• As a leader, its important to take a more strategic and measured approach to decision-making

Why is developing emotional intelligence a difficulty in transitioning from entrepreneur to leader?

• Leaders need to be able to understand and manage their own emotions, as well as the emotions of their team members

• Many entrepreneurs are used to being driven by passion and enthusiasm rather than emotional intelligence and empathy