Leaders and entrepreneurs belong to two different categories. They’re crucial in a company, but they have different tasks. An entrepreneur builds the path, while a leader transforms it into a great highway. An entrepreneurial leader can work miracles. Steve Jobs (Apple), Herb Kelleher (Southwest Airlines), Henry Ford (Ford Motor Co.), Yvon Chouinard (Patagonia), Bill Gates (Microsoft), and Sam Walton (Walmart) are only a few examples of such amazing entrepreneurial leaders who did more than just alter our lives; their transformed life. So, if you want to become an entrepreneurial leader, first you need to understand the difference between these two positions. Take a look at the next questions to determine what could work for you.
Do you prefer to make promises or keep them?
To start with, you need to know that entrepreneurs must have a clear vision of what they want to do. Besides, they have to make numerous promises, and they must keep them. In order to succeed, they have to envision things, and generally, this leads to a wide range of amazing innovations. The problem is that sometimes, these innovations stand in the way of their promises.
On the other hand, leaders have to execute. Usually, they keep all their promises, but they get help from other persons. In fact, you should know that both successful leaders and entrepreneurs are helped by three important individuals: an operations manager (COO) who has to keep the promises of the business, a financial person (controller, CFP, bookkeeper) who has to pay for all these promises, as well as an administrative/ executive assistant whose job is to help leaders and entrepreneurs keep their own promises.
Do you like to work independently or as a team member?
Numerous entrepreneurs make their own companies because they prefer to work alone. They have an idea which they turn into a passion, and this passion becomes their business. Anyway, in order for a company to have success and develop, an entrepreneur needs employees and clients, and this means that he has no other option but to work as a team member.
Entrepreneurs have to establish professional relationships with their clients, workers, partners, salespeople, and even with their rivals, no matter if they like collaborating with them or not. An entrepreneur assesses his success according to the impact that his ideas have on the company. Conversely, a leader evaluates his success according to quality and quantity of the relationships he develops.
Do you inspire others?
This question is a very relevant one, since the way you answer it will show you which position suits you best. Therefore, if you can inspire others, it means you’re a great leader. But if you are inspired, there’s no doubt that you can be a successful entrepreneur. If the second situation applies to you, take a look at the following qualities that an entrepreneur has to possess. If you think you have them, them this is the position for you.
- Great leadership qualities
If you’re the go-to person, if your opinions matters to your colleagues, if they ask for your help regularly and you’re willing to guide them, it means that you can be a great entrepreneur. Additionally, you need excellent communications skills, and you have to be able to encourage a whole team of individuals to work together so that they can accomplish the main goals of your business. Besides, your employees must trust and respect you in order to help you succeed.
You should know by now that most successful business entrepreneurs have strong personalities. You won’t be able to achieve success if you sit back and wait for a miracle to happen. Successful individuals state their opinions loud and clear and struggle to change the world. Note that a great entrepreneur loves to be challenged and he will do his best when it comes to solving issues that can affect his success. What’s more, entrepreneurs are visionary individuals and keep establishing new goals for their companies.
- Willingness to fail
Successful entrepreneurs like taking risks and they know that sometimes they might fail. However, they don’t let this thought influence them and they struggle to make the most appropriate decisions, even though the situation looks really bad. They accept the idea that things can go wrong and that failure is inevitable in some cases. But they always manage to stand up and follow their goal, no matter how many obstacles they have to deal with.