1.5.6 Moving from Entrepreneur to Leader

Question 1

What is a key difference between an entrepreneur and a leader?

Answer 1

An entrepreneur focuses on starting and running a business, while a leader focuses on guiding and inspiring a team.

Question 2

True or False: Effective leaders do not need to have entrepreneurial skills.

Answer 2

False

Question 3

Fill in the blank: To transition from entrepreneur to leader, one must develop strong _______ skills.

Answer 3

communication

Question 4

Which of the following is a critical skill for leaders? A) Risk-taking B) Delegation C) Sole decision-making

Answer 4

B) Delegation

Question 5

What is one common challenge entrepreneurs face when becoming leaders?

Answer 5

Letting go of control and trusting their team.