1.5 - Moving from entrepreneue to leader

Question 1

Why is moving from an entrepreneur to a leader challenging?

Answer 1

Because as the business grows, it becomes too large and complex for one person to manage alone. Entrepreneurs may lack the specialised skills needed to lead a team, manage departments, and handle strategic issues.

Question 2

What is the key difference between an entrepreneur and a leader?

Answer 2

An entrepreneur typically focuses on starting and building a business, often handling everything personally.

A leader focuses on guiding and inspiring others, delegating tasks, and developing people to grow the organisation sustainably.

Question 3

What are the main challenges entrepreneurs face when becoming leaders?

Answer 3

Communicating and leading effectively

Delegating tasks and trusting others to handle responsibilities

Developing an open mind to listen to others’ ideas

Becoming less reactive and more strategic in thinking

Building emotional intelligence – understanding and managing their own emotions, and influencing the emotions of others

Question 4

Why is emotional intelligence important in leadership?

Answer 4

Because it helps leaders build better relationships, handle conflict, motivate others, and respond appropriately to the emotional needs of employees.

Question 5

What mindset shift is needed to go from entrepreneur to leader?

Answer 5

Entrepreneurs need to shift from a do-it-yourself mindset to a collaborative and empowering approach. This means trusting others, stepping back from micromanagement, and focusing on developing people and long-term strategy.