In entrepreneurship, every step towards development and growth is inspired by great vision and ambition for innovation. The world needs more visionary leaders to create and build products and services that bring value to our lives and solve important problems. Entrepreneurs must know the value of strong leadership and must aim to becoming visionary leaders, leaders who are able to predict the future market trends and are able to plan and act accordingly to these predictions. Continue reading
“The secret of leadership is simple: Do what you believe in. Paint a picture of the future. Go there.People will follow.” quote from Tribes
The company culture of a startup can be different in so many levels and ways from the company culture of all big organizations and large companies. Entrepreneurs are fully responsible for the success or the failure of their company and one of their biggest assets is the strong and highly motivated team. Hiring the right people is just not enough, entrepreneurs must know how to manage, lead, inspire and motivate their employees in order to build strong team with devoted members. Continue reading
The importance of leadership in entrepreneurship is essential factor for the future success of the company. Being an entrepreneur doesn’t automatically make you a leader. There are many personal characteristics which differentiate good leaders from bad leaders. But how do you become a leader? Many people say that you should be born a leader in order to be one, while others argue that every person can become a leader by developing their personal skills. Which one do you believe is true? Continue reading
Business leaders must think out of the box when it comes to creating innovative products and services that can become strong foundations of impactful businesses and remarkable brands. Visionary leaders understand the importance of measuring not only what is tangible, but, even most importantly, they tend to concentrate on what is intangible in their companies: how inspired their employees are, how satisfied their customers are, how honest their business partners are and so on.
During the dotcom bubble burst, the CEO and author Chip Conley started to look for a new way of leadership thinking, a new business model based on happiness and learned that success in business and in life comes from what you count.
In his TED Talk, he mentions Abraham Maslow’s hierarchy of needs and relates it with the need of hierarchy at the work place, especially for people who lead and manage teams. Influenced by Maslow’s work, Chip Conley created “the transformation pyramid” by starting to ask key questions to the company’s employees, questions like: Do you know the mission and vision of the company? Do you believe in it? Questions to the customers: Do you feel emotional connection with the company? Watch this very interesting talk and learn how valuable is to measure the intangible along with everything tangible in order to become better leaders.
Not all managers are good leaders, but all good leaders are successful managers. Leadership is an essential skill for entrepreneurs and has its differences compared with traditional management. Managers often fall into the trap of constant micromanaging and ruin their role as productivity motivator. Leaders, on the other hand, know how to delegate and give their employees more freedom and flexibility, more room for creativity and responsibility.
Leaders are people who do the right thing; managers are people who do things right. – Professor Warren G. Bennis
The company culture of a startup can be different in so many levels and ways from the company culture of all big organizations and large companies. Entrepreneurs are fully responsible for the success or the failure of their company and one of their biggest assets is the strong and highly motivated team. Hiring the right people is just not enough, entrepreneurs must know how to manage, lead, inspire and motivate their employees in order to build strong team with devoted members.
There are many things that entrepreneurs must do to inspire and motivate their team members and the approaches they use can be very individual. Transparency, honesty, flexibility, good communication, delegating skills, empathy, mentoring and inspiration are just a number of qualities and actions that successful leaders can implement in their behavior. Managers are great at controlling work processes, leaders succeed into establishing trust and feeling of responsibility in their team members.
Managers follow specific rules, but good leaders think out of the box and often create their own rules. This is the main reason why entrepreneurs with good leadership skills succeed more often – they are ready to experiment in order to innovate, they create the rules, don’t just follow the pattern.
Managers aim to achieving stability at the work flow, but leaders are more likely to seek the opportunities in the uncertainty by embracing the constant changes of the business world. Many managers want to control the work flow without supporting creativity and flexibility, but, on the other hand, leaders inspire and encourage innovative approaches and ideas.
Entrepreneurs must use their entrepreneurial skills to create innovative products that actually bring specific value to the customers. They know how to see the opportunity in situations in which others see nothing, or worse, a disaster.
Visionary entrepreneurs manage to achieve more with less, to inspire others and lead them to creating extraordinary services and products by concentrating on growth before concentrating on profit. The business world needs good leaders and entrepreneurship often creates and shapes visionary leaders who are ready to change the world.