ENTREPRENEUR TO LEADER Flashcards

1
Q

problems entrepreneurs face:

A
  • Rapid growth; stress on systems
  • Production; coping with the extra demand
  • Cash flow; the danger of overtrading
  • Space; the need for more room
  • People; increased hours
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2
Q

overcoming difficulties

A
Stress management 
 Education; qualifications
  Mentor; gain advice and support
  Delegate and trust; utilise qualified 
employees to lighten the load and take 
responsibility
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3
Q

difficulties of becoming a leader

A
  • Accept responsibility and adjust your mindset
  • Need qualities such as confidence
  • Sharing ownership and control of the business
  • Stress; larger responsibility
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