your password has been reset successfully, Please login again.

3 Leadership Lessons That Every Entrepreneur Should Imbibe

Learn essential leadership lessons and become an effective entrepreneur as well as a leader
BY Jaspreet Kaur
Feature Writer, BusinessEx
Oct 10,2018

A leader plays a significant role in running an organization. In the absence of a directive, things turn haphazard and are unable to render decisive output. So, a leader is precedent who not only directs subordinates but also strategizes to withstand unforeseen business challenges.

Essentially, leadership is not an innate attribute. It is learned and imbibed into ones practice and then, carried out to achieve organizational aims. Being an entrepreneur does not make a person a successful leader. For that, the entrepreneur should know leadership lessons that enable him to understand his inmates better and build up a fortified team.

Not Every Entrepreneur is a Leader

It is true that entrepreneurship is somehow related to leadership. However, it should also be noted that not every entrepreneur can be a leader. Some of the examples of renowned leaders are Bill Gates, Warren Buffet and Steve Jobs. These leaders have some essential qualities that make them distinct from others and thus, under their guidance the organization thrives and employees prosper.

Ups and downs are uncontrollable events in the business; such events testify a leaders ability to combat and keep the organizational functions unharmed by these events. Such leadership qualities cant be attained merely from reading books but by religiously following some basic leadership lessons. To become a good leader as well as an entrepreneur, follow these three leadership lessons.

  1. Hyper-specialization an integral tool

Having specialization in a certain domain offers fewer good opportunities to the business. However, to sustain the challenging business world it is important to hyper-specialize. In essence, hyper-specialization creates a distinctive entity of the company in a particular niche. In addition, customers will know the organization for its hyper-specialization and thus, seek their help over other competitors.

So as to increment sales and revenue, an entrepreneur should invest into specializing in the domain. The entrepreneur should ensure that his organization would offer something more than the edge to the customers.

  1. Listen to the team

A leader is lone without a team; the team assists in achieving goals and thus, it is precedent to listen to them. A happy team correlates to a positive work environment. It attains organizational objectives and also, facilitates the smooth running of the organization.

Timely meets and simplification of operations will keep the team focused and contented. Furthermore, it will foster a healthy relationship between the leader and the team.

  1. Build your connection

Connecting with new people is really important as it helps to grow the business and learn fresh insights about the business. So, one should invest time in fortifying old relationships and creating new ones. Besides adjoining to new business partners, entrepreneurs should strengthen customer rapport too. A weekly automated message of product discounts and offers acts as a reminder and help keep the bond intact.

These leadership lessons are a key to become a master entrepreneur as well as a leader. Thus, imbibe these lessons in your nature and bring out the best leader in you.

Please add your Comment
SIMILAR Articles
August 16, 2019
With Series D Equity financing round, the valuation of ShareChat has incremented to $650 million. ...More
By Jaspreet Kaur
August 08, 2019
By discarding “special status” provision to J&K state, the economy in the province will boom and in ...More
By Jaspreet Kaur
August 05, 2019
For developing a connection, an employer needs to convey the ‘human consequences’ of a work to the e ...More
By Jaspreet Kaur
August 01, 2019
The food-tech companies have recently found cloud kitchen as one of the mediums to gain traction of ...More
By Jaspreet Kaur
July 31, 2019
According to media reports, CCD’s founder had leapt into Nethravati River, Mangaluru and after 36 ho ...More
By Jaspreet Kaur
July 30, 2019
The edtech company has raised its bars anew by closing its $150 million round of funding and in turn ...More
By Jaspreet Kaur
July 29, 2019
Amongst all, performance appraisal is one of the most crucial elements to motivate the workforce. ...More
By Jaspreet Kaur
July 29, 2019
In the last six-years, Bansal has made several investments – equity investments, debt investments an ...More
By Jaspreet Kaur
July 23, 2019
Since small and medium-sized enterprises contribute a significant number in the economy, it is vital ...More
By Jaspreet Kaur
July 19, 2019
As Shopclues has failed to attract buyers, the company has devised another plan to avert losses. It ...More
By Jaspreet Kaur
July 18, 2019
 Being an entrepreneur, one wants to have a fool-proof social media strategy, which can generate ins ...More
By Jaspreet Kaur
July 18, 2019
Inflation in fuel prices, high-priced parking and landing expenses and overdue debt are some of the ...More
By Jaspreet Kaur