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03 June 2010

5 Entrepreneurial Leadership Characteristics

"Always remember that your own resolution to succeed is more important than anyone else." - Abraham Lincoln, American president, 1861-1865

To become a fully functioning, successful person in all endeavor you choose to, you first cultivate the right attitude and behavioral traits. Nowhere is this fact more true than when we consider the dominant characteristics necessary for entrepreneur’s leadership.

There are effective managers and directors in many areas, but most leadership development programs either focus on increasing entrepreneurship does not employ innovative teaching methods. But you can acquire, develop and rigorously practice the necessary entrepreneurial leadership.

According to the late great expert Peter F. Drucker "The entrepreneur always looking for change, responds to it and exploits it as an option. Innovation is the specific instrument of entrepreneurship. (It is the entrepreneurial) act that endows resources with a new capacity to create wealth. "

Entrepreneur Extraordinaire, Sir Richard Branson explains why he changed his mind and became one because he originally "wanted to be an editor or a journalist (and) I was not really interested in becoming entrepreneurs, but I soon found I had to be (a) to keep my magazine going. "

So in a very real sense, Sir Richard, Bill Gates, Steve Jobs and others as those who already had attributes of the leadership mindset, and they behaved like leaders also do. If you hope to launch a commercial, governmental or public service activities, you need to learn, exhibit and embrace entrepreneurial leadership qualities.

What types of characteristics do entrepreneurs? Is the behavior really important? In a word, these properties important because if you have them, you will have lower chances in terms of business success. The characteristics are as follows

1. Risk Assessor - this very important aspect of entrepreneurship is probably the most misunderstood one of all. Many organizational leaders are willing to take any risk that presents itself as a breakthrough or never-before-tried occasion. But without taking the time and effort to thoroughly assess and examine the potential pitfalls in their new idea, they are not very likely to succeed in their project. In the course of doing business, you will always meet a number of challenges, problems and situations demanding your prompt attention, decision and resolution.

But after careful evaluation there are many risks worth taking, especially if their variables can be studied and then worked out, and if most of those uncertainties are judged to be good for business. At these times, you must be willing to be a risk price taker, otherwise you will not act in an effective entrepreneurial leadership capacity.

2. Wise, Smart and Acceptance of new ideas - Most people think that smart is all there is to be a successful executive - but wisdom, a willingness to learn new things and an acceptance of new realities and views are also necessary feature of To win in your business income business.

Of course, your wisdom, keen insight and witty interactions with other carry you far in your entire business. Whatever your position in today's complex and pressure-packed situations force you to show mental toughness, alertness to changing circumstances and intelligence on emerging trends. These features will help you earn the respect and confidence of your customers and all your employees or partners.

3. Executive Leadership Development - It still amazes us to hear someone say that leadership is just a talent some people are born with. Yes it is true that commodities and characteristics of leadership excellence can be difficult to detect or find among random or unorganized mass of individuals.

There are not many people who naturally have the kind of nerve it takes to lead. But today, innovative educational programs easily allow large groups of ordinary people to learn, understand and adopt the proven fundamentals of entrepreneurship leadership principles, practices and discipline.

Your executive leadership skills will serve your venture where your personal qualities and behavior help guide, influence, manage and direct people. These skills will enable you to handle your business affairs with greater ease and positive emotions.

4. An Inner Passion for your business - An essential characteristic of successful entrepreneurs is the size and scope of their enthusiastic, passionate zeal they have for their business. We have seen a high level of this emotional features in many public service, government and commercial leaders, who were also founding members of their organizations.

No executive leadership development or innovative training programs can "teach" you how to have an intense longing and desire for your venture. You simply must have, maintain and enhance your enthusiasm and uncompromising interest in your business pursuits. When your drive, determination and passion when a fever pitch, you'll be well on the road to success operating and growing your business.

5. Honesty, Integrity, Trustworthy - Every organization is built and depends on positive relationships. Some management experts say entrepreneurial leadership allocate and invest eighty per cent (80%) of your time in developing, organizing and strengthening relations with associates, customers and other stakeholders.

As a cinema director, Neil LaBute notes: "In a relationship you have to open yourself up." All leaders know this is true, because without being sincere dealing honestly with and providing access to your customers, the company will not go very far.

Your honesty, integrity and trustworthy nature will allow you to earn the loyalty, custom and goodwill of your community, buyers and sponsors and your colleagues.

Of course there are other characteristics and behavioral traits are needed to ensure success in your entrepreneurial leadership activities. The five properties listed above will help you handle most of your organizational responsibilities, duties and obligations.

These features also form the basis for a successful career in an industry or profession. But if you can equip yourself with the means to improve your performance, some extra time in innovative courses will put you over the top.

If you plan to use an executive leadership development program to enhance your competence in these properties, all you have to do is to study market developments closely, think of a couple of strategic opportunities for your venture, provide capital and you'll be ready to take entrepreneurs leadership action.

"The real issue is not talent as an independent element, but talent in relation to desire, pleasure and endurance. Talent without these things disappear and even modest talent with those characteristics grows." - Milton Glaser

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