1.5.6 - Moving from Entrepreneur to Leader

Question 1

What are the difficulties of transitioning from entrepreneur to leader?

Answer 1

• The need to delegate
• Trust and verify
• Learning to listen
• Having an open mind
• Being less reactive
• Developing emotional intelligence

Question 2

Why is ‘the need to delegate’ a difficulty when transitioning from entrepreneur to leader?

Answer 2

• Entrepreneurs need 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

Question 3

Why is ‘trust and verify’ a difficulty when transitioning from entrepreneur to leader?

Answer 3

• As a leader it is important to trust your team member to do their job effectively
• It is also important to verify that tasks are being completed correctly and on time
• Finding the right balance between trusting your team and verifying their work can be a challenge

Question 4

Why is ‘learning to listen’ a difficulty when transitioning from entrepreneur to leader?

Answer 4

• Entrepreneurs are often more driven by their ideas and visions
• As a leader, it’s important to listen to the ideas and perspectives of others

Question 5

Why is ‘having an open mind’ a difficulty when transitioning from entrepreneur to leader?

Answer 5

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

Question 6

Why is ‘being less reactive’ a difficulty when transitioning from entrepreneur to leader?

Answer 6

• Entrepreneurs are often used to taking quick action and making decisions on the fly
• As a leader, it’s important to take a more strategic and measured approach to decision-making

Question 7

Why is ‘developing emotional intelligence’ a difficulty when transitioning from entrepreneur to leader?

Answer 7

• 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

Question 8

What are the characteristics of entrepreneurial leadership?

Answer 8

• Brilliant tactician
• Single minded in pursuit of goal
• Unshakeable self confidence
• One to one persuader
• Idea generator

Question 9

What are the characteristics of CEO leadership?

Answer 9

• Brilliant strategist
• Inspiring figure head
• Gravitas and presence
• Able to reassure large groups
• Idea prioritiser