Do you have entrepreneur know-how?
As a business coach, I’ve found that leaders and executives often make great entrepreneurs. After all, many have grown through the ranks in an organization, and understand what it takes to succeed in business:
- Facilitator
- Teacher
- Pragmatist
- Motivator
- Visionary
- Mystic (magnetism)
You see, as an entrepreneur, you’ll wear many hats. Knowing which aren’t a good fit—and knowing what you don’t know—allows you to focus your time, energy, and attention on areas where you excel.
The Many Hats of an Entrepreneur
Generally speaking, your passion will stem from your knowledge or experience with the technical aspects of your business: the first three hats. Successful entrepreneurship requires a solid understanding of logistics, including resources, supply chains, and production, as well as marketing, finance, and everything in between.
As you take on more responsibility (and grow your business), the role of facilitator, teacher, and pragmatist can be taught to others, delegated, or hired out. Your role will shift to motivator as you encourage others in their performance.
As a visionary, you’ll share your ideas, identify possibilities and opportunities, and make connections others may miss. Even without a team yet in place, you’ll be called on to communicate your vision and inspire action from others: creditors, investors, and clients. This requires social intelligence, charisma, and magnetism; it requires the mastery of mystic.
The Hat of Mystique
Mystique is a transformational, rather than transactional, quality. It affects our internal—not external—state. The charismatic entrepreneur changes the way we feel about ourselves, our values and our beliefs. Our behavior and performance are therefore influenced on a deeper level. How?
Consider your formative life experiences. It’s not about what happened to you, but how you responded. For example, if something traumatic raised your self-awareness; if it caused you to question, reflect, gain insight and ignite your passion, share this with others.
“Talent is insignificant. I know a lot of talented ruins. Beyond talent lie all the usual words: discipline, love, luck, but most of all, endurance.”
James Baldwin, author and activist
In challenging times, charismatic entrepreneurs can unite a group and inspire focus, more so than any other force.
What do you think? What do you need to take your entrepreneurship know-how to the next level? I’d love to hear from you. I can be reached here, on LinkedIn, or give me a call: 561-582-6060.
