Entrepreneur as a Leader of an Organization

Entrepreneur as a leader of an organization P a g e | 0
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Entrepreneur as a leader of an organization P a g e | 1
Contents
Introduction..............................................................................................................................2
Building a Team.......................................................................................................................2
Enterprise and Fund Decision..................................................................................................4
Conclusion...............................................................................................................................6
References...............................................................................................................................8

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Introduction
A leader or a manager has a specific role to play in an organisation. But an entrepreneur has
to play every position in his company to find the desired success. If he is the profit earner, he
is the one who takes the maximum risk. Being an entrepreneur involves high risk, but if they
have excellent team support, they can achieve success with lightning speed. An
entrepreneur should have all the excellent quality of a leader who always motivates and
direct its team to achieve its goal. He should not only focus on his personal goals but should
also set a target for his team (Syla and Lecaj, 2015).
Nobody is a born leader but when can learn to be an effective leader. A leader should have
all the excellent quality of an able administrator. He should know his workforce well and
know how to delegate work with given skill sets. While hiring the candidates for his company,
he should look for skills he is looking for. To minimise the budget of hiring he should look for
multitasking or multi-skilled set of people. This way he will be utilising the scares resources
to the maximum. The organisation culture should be positive, and there should be respect
amongst each other. The leader should not only focus on its gains as it will not help in
achieving the desired organisational goals and success. They should inspire their employees
by not only setting goals and aim but also reminding them of the purpose of the business.
How an entrepreneur develops and guides his team to make a business idea a successful
business venture will be discussed in the given articles.
Building a Team
An entrepreneur, when playing the role of a leader has to develop a team. This team helps
the leader in achieving the organisational goals and ultimately the profits for the company. A
capable team can make even a tough task very easy. A successful leader's first target in any
organisation is to build his effective and efficient team. There are various ways by which he
can develop and lead his team. The significant efforts those a leader takes to make the team
are discussed below: -
Respect - A team where every member feels belongs and respected gives maximum output.
When their work gets recognised and gets appreciated for hard work, such teams show
maximum output as they feel happy to work with such organisation (Chen Yifeng and
Tjosvold, 2008).
A responsibility-a good leader knows how to delegate work and make people accountable
for it. If he micromanages everything, then he will make it difficult for the team to take the