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The Sometimes Life Of The Early-Stage, Mid-Stage And Even Late-Stage Entrepreneur Can Be Scattered

The word entrepreneur has become a catch something like that before and even
all title for just about everyone and hiring a President or COO to run the ship
anyone who starts and or builds a and its structure so that you, the
business. I've always had a bit of entrepreneur can do what you do best,
trouble throwing that overused, imported create and build, direct and play.If you
moniker around because I believe it's not are a classic entrepreneur stand back and
always applied in the correct manner.Is look at yourself and your company. Yes I
an entrepreneur someone who takes the know that that may mean that you might
family business and keeps it going? Is it have to stop running around like a
the person who builds a new division of chicken without a head. Take a second and
the company where they're employed? Or assess what's really going on around
should it be reserved for only those who you.1. Are you trying to do too many
have put everything on the line in order things yourself?
to build their business? I'll opt for the 2. Do you have so much work that it
latter.I'll never forget being at an area seems like you're never finished?
Chamber of Commerce awards dinner some 3. Do you know what you want your
years back when I was surprised to find business to look like by the end of the
that the recipient of the Entrepreneur of year, three years and five years?
The Year award went to a gentleman whose 4. Do you waste time doing tasks that
father had started the business many you shouldn't be doing?
years before and built it into quite a 5. Can you delegate better than you do?
successful venture. By the time the son 6. Have you lost sight of your original
had arrived to run the company it was goal?
already a multi-million dollar operation! 7. Are you not as organized as you could
"Wait a minute", I said to myself, "How or should be?If you answered yes to one
can this guy be the entrepreneur of the or more of these questions it's time to
year when he was handed the reins of a sit down and write out an operations
large, seemingly profitable, expansion (OE) plan. The plan must
corporation?" Dad did all the risk taking include:1. A breakdown of the tasks
and sonny boy gets the awards, huh?!So involved in the day-to-day operation of
let's be a little cautious when throwing the business
around that wonderful 2. A listing of the priorities of those
term...entrepreneur. It's too near and tasks
dear to those genuine, "Hey I've got an 3. A clear vision of where you would
idea...I think it'll work...I'm quitin' like the company to be at year's end, in
my job and goin' for it" folks who really three years and five years
put their life on the line for the 4. A realistic understanding of the
challenge.The entrepreneur is an strengths and weaknesses of all
interesting study. He or she, by employees, including yourself
definition, is a person who organizes and 5. A breakdown of your typical day. This
manages a business undertaking, assuming may necessitate time charting your
the risk for the sake of their dreams and activities each day for a week.
hopefully profits (which may be one and 6. A outline of why you started the
the same).Entrepreneurs come in all company
shapes and sizes, yet there are some 7. An inventory of how organized, or
attributes that seem to be common in most disorganized, your office and/or work
of them.They are for the most part pretty area isWith the information in your OE
good at getting things going. They are an plan you can begin to structure yourself
excitable bunch. Caught up in the and your company. You may find that you
enthusiasm of their ideas and dreams they may be quite capable of taking your
rush forward with their embryonic plans company to the next level or that you may
until they become reality. They certainly be quite content leaving the structural
can organize and manage their business in part of that mission to someone else
the beginning, but then what?Many of them while you play the creative role and
get stuck. Why? Because they're still have the ability to reap the
entrepreneurs, that's why. The benefits without the stress of being in a
entrepreneur gets his or her juice from position that's uncomfortable.Take the
creating new things, conceiving great time to understand that entrepreneurs can
ideas and putting them into action. be great at one thing but as the entity
However, once the thrill is gone so is expands, not so wonderful at the tasks
the impetus needed to keep it going in an needed in the new environment that the
orderly fashion.Classic entrepreneurs growth they started brings. It's ok.
have trouble taking their businesses to Think of it as a parent watching their
the next level. I like to call it going child leave for their first of so many
from an entrepreneurial venture into a days of school. They'll do fine on their
corporation. Of course I realize that the own, they have a structured environment,
entrepreneurial venture may actually be a with good instructors and a president
corporation, but that's in name only. (principal) to oversee the situation.But
It's changing a mindset and beginning to when it comes time for some really
act like a corporation.That means important life decisions, the child comes
structure and manuals, policies and back to the parent (or entrepreneur) for
procedures. It also means less nepotism the insights and wisdom that only he or
and more qualifications.Unfortunately, she can provide.Dan Goldberg, MBA, is
the entrepreneur quite often doesn't President of Dan Goldberg Consulting
realize what he or she needs because L.L.C. a training, coaching and business
they're to busy creating and building to development firm located in the
worry too much about the details. All of Philadelphia, PA area. He is the founder
a sudden they turn around and they start and former owner of "For Eyes" the highly
to see that they could easily busy successful international optical company
themselves out of business. Yes, that is and an internationally recognized keynote
possible.Lack of a solid structure can do speaker. Dan is the author of the book
that.Entrepreneurs have a tendency to do "Stand Back A Second, Just don't fall off
everything themselves. That often comes the edge," and of "The Six Steps To Solid
from the way they started the business. Sales Success" and "The Seven Elements Of
But as the business grows that becomes Successful Management" programs. He is
impossible. Yet, too many of them can't Executive-In-Residence at Kutztown
let go. They become scattered, do too University and has been the subject of
many things, and at times compensate by stories in Newsweek, Business Week,
micromanaging. It's tough to watch your Playboy, Successful Business, Investor's
baby grow and realize that someone else Business Daily, major newspapers in New
can do this or that task better than York, Philadelphia, Washington, D.C.,
you.That doesn't mean losing that good Boston, Baltimore, Miami, San Francisco,
old family feeling or stopping the "Let's Oakland, St. Louis, Chicago, Los Angeles
go for a drink after work" routine. What and many other national and local
it does mean is beginning to realize that publications. In addition, Dan has
you're in need of a controller and hiring appeared on Good Morning America and
one, putting a person in the marketing other national and local television and
department who has actually done radio programs.




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