I read an article that said our children are more and more interested in entrepreneurship. I find this interesting, as most small businesses fail with in the first two years. My daughter recently entered college and they are offering courses in entrepreneurship as well.
However, I ask myself what this could include?
How to be accountable and to whom?
How to create conflict that will benefit the growth of the organization?
Do you have a mission/vision statement that will direct you?
Can you manage your resources?
Can you create strategy in an ever changing environment?
How do you communicate your vision/mission statement?
And so many more…..
I have a MBA and these things were never taught. It has taken years of experience, outside courses and actually hiring a business coach to help me focus myself on what is important for the corporation. I actually had to change the way I saw the business in order to make better decisions.
Specifically, I had to realize that “I” was not the business. There were so many other factors: economy, buying habits, product lines, opportunities created with technology, employees, legal and compliance issues. I was the leader!
This was truly eye opening. It assisted me in making difficult decisions when I knew it was for the good of corporation.
Over the next few weeks, I would like to share some of the awesome experiences and things I have learned. My hope that is that all entrepreneurs will start to see things differently in order to be more successful.
Creating a buzz….
Leaders need confidence in their decision making ability. Allow a team/family member to make small decisions and see the consequences. Even a failure is good for developing a leader. After the process, ask the person about the experience. What process did you go through to make your decision? Were you satisfied with the outcome? What would you do differently, if any thing?