Becoming an Entrepreneur is not a Solo Effort
What does it really mean to be an entrepreneur? The label is often vaguely used as a way to describe anyone who “came up with a good idea and found a way to make money off of it,” says Dale S. Richards in his article on Vistage.
There’s actually a huge range when it comes to income and success of entrepreneurs. To really maintain a sustainable operation—not just a side job—Richards says you have to go beyond the idea of just working for oneself. Being a true entrepreneur requires management and organization.
According to Oxford, an entrepreneur is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.”
A fully operational startup business needs a strong core of flexible and dedicated team members. Often, people assume that being an entrepreneur means being a lone wolf, but it turns out that is a myth. Successful entrepreneurs can only go so far without a startup team to collaborate with and share responsibilities with.
Richards’ article covers three main areas that need to be managed by your team: finance, production and marketing. A good team should be made of motivated individuals offering their own individual talents towards the common goal. “The key element is to recognize your weaknesses and fill your team with stronger members that can improve your business,” Richards says.
To read the original article in its entirety, please visit Vistage International.