Some Advice to Entrepreneurs


Managing your psycho-dynamics
The emotional ups and downs, the energy that one feels from inside and sometimes one has to pump from outside, and managing that energy is part of an entrepreneur's psycho-dynamics. It plays a very big role in making or breaking an entrepreneur.
Listening to your inner voice
One can end up making wrong choices to a point where he can stop recognising his own motivations.
Have enough gurus
No one person will be full of vision and the world today is so complex that one single person cannot help face the ups and downs of entrepreneurship.
too many gurus can make one go mad listening and following everybody's advice and suggestions.
Ideally three to four people as gurus should settle the matter
Eventually giving it up at an appropriate time.
Two Reasons
One for the enterprise’s growth and evolution and
Second for entrepreneur's growth and evolution.
Traits and Leadership Qualities should be in an entrepreneur
          Visionary
          Persistence
          Hard worker and good in Networking
          Innovative
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Leadership Styles


What is a Leader?
A Leader is someone in authority to lead others to accomplish a goal(s).  A leader needs to be able to motivate others to accomplish a goal(s) while at the same time encourage others to work toward their own professional goals.
3 Styles of Leadership
Autocratic
·         Authoritarian    
·         Tells employees/students what they want done and how to do it (without getting the advice from others).
·         Works well if you dont have much time to accomplish goals or if employees are well motivated.
·         Generally, this style is not a good way to get the best performance from a team.
Democratic
·         Participative style

Entrepreneurial Skills Check List

Entrepreneur session by alumni
Entrepreneur session by alumni (Photo credit: Wikipedia)


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