1.5 Entrepreneurs and leaders 1.5.6 Moving from entrepreneur to leader Theme 1: Marketing and people Recap: What are the characteristics of an entrepreneur? 1.5 Entrepreneurs and leaders 1.5.6 Moving from entrepreneur to leader Edexcel Business

1.5.6 Moving from entrepreneur to leader In this topic you will learn about The difficulties in developing from an entrepreneur to a leader

Entrepreneurs and leaders An entrepreneur is a person who spots an opportunity and shows initiative and a willingness to take risks in order to benefit from the potential rewards A leader is a person that can inspire others and motivate them to meet objectives What do entrepreneurs and leaders have in common?

Difficulties in developing from an entrepreneur to a leader Many entrepreneurs find it difficult to move from being an entrepreneur to a leader, reasons include: Reluctance to hand over control making it difficult to delegate Loss of autonomy in decision making Learning to trust others and not feel a need to constantly oversee everything or micro manage Making the transition. http://www.huffingtonpost.com/paul-bernard/making-the-leap-from-entr_b_3785903.html Making the Leap From Entrepreneur to Leader of a Professionally Managed Business

Entrepreneur to leader Why might Steve Jobs and Richard Branson have managed to successfully move from entrepreneur to leaders? Why did Branson switch back from being a Plc to an Ltd? http://www.telegraph.co.uk/technology/steve-jobs/8811232/Virgins-Richard-Branson-Apple-boss-Steve-Jobs-was-the-entrepreneur-I-most-admired.html

1.5.6 Moving from entrepreneur to leader In this topic you have learnt about The difficulties in developing from an entrepreneur to a leader