Are there any downsides to having an entrepreneurial mindset?
So, you have an entrepreneurial mind-set. Congratulations, you’re in a minority of people that has an idea and the ability to start a business and see it grow. Entrepreneurs are great at starting businesses, they need belief, single mindedness and resolve. They’re great at what they do, that’s why they’re successful. They also tend to be control freaks, believe no-one does it the way they do (or “as well as”) perfectionists and stubborn (they would say determined)
A growing business needs people, even the most dedicated control freak knows they can’t do it all on their own.
Hands up who wants a picky, stubborn control freak for a boss, not many takers I’m sure.
So the entrepreneurial mind-set that starts a business, isn’t necessarily the best mind-set for growing a business past a certain point.
80% of companies never grow beyond the highest turnover numbers that they achieve in their first five years.
Growing a business once established is more about stepping back and allowing your employees to make the difference. It’s very much about helping and coaching your employees to perform.
Growing your business requires a completely different outlook and set of skills than those you first needed when you were getting your business off the ground.
It’s your people that are going to deliver your vision for you.
Einstein said – “No problem can be solved from the same level of consciousness that created it”
So this is where business coaching comes into it’s own. A good business coach can provide a fresh pair of eyes and a different perspective on your current challenges and allow the growth past that plateau level.
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