To be highly successful in business you need to either have entrepreneurship or leadership skills or a combination of both. All too often people in various business fields today confuse these two terms thinking the terms are interchangeable. While there is a definite link between entrepreneurship and leadership there are distinct difference in the two.
An Entrepreneur is someone who is pretty much a self starter. They are the one who organizes, manages and assumes the risk of a business venture of business. Entrepreneurs normally assume the financial risks, of a start up venture or business, they organizes everything and manages how the money is spent. Entrepreneurs are usually a sole proprietor or partner of a small business and are the person who is the innovator. An Entrepreneur may not have the best leadership skills, but know enough to hire people who possesses those skills.
Leadership is the ability of a person to guide or direct a group of people to work towards a common goal. They tend be good at managing others effectively through communication and inspiration. (See this example of a good leader http://www.mylifeatail.com/leadership/american-income-life-sga-of-the-year-simon-arias/) A good leader doesn’t need to be a risk taker and may not actually invest any of their own money in the venture or business. They also may not be particularly innovative they just need to inspire those people who are. Here is a blog that shows how to inspire others https://twitter.com/simonaarias.
Which is Best Entrepreneurship or Leadership Skills?
Which set of skills you possess will set the path for your career. People who have entrepreneurship skills will often find themselves investing their own money in start up companies or engaging in social entrepreneurship that benefits many of people. Entrepreneurs are often filled with ideas and need to determine which ideas to put their energy and money in to get their venture off the ground. In some cases, an entrepreneur has such a good idea that other people invest in their idea lessening the financial risk to the entrepreneur.
People with leadership skills often lack the desire to take the financial risks necessary to become an entrepreneur. They may also lack the ability to come up with innovative ideas. What they do possess in an abundance of qualities that can encourage others to work together inspiring their own innovative skills and encouraging them to perform at their very best.
However, things are not always so black and white. Many entrepreneurs have at least some leadership skills, which is helpful when getting a new venture or business off the ground. While not every entrepreneur is inspirational many are inspiring enough to encourage others to believe in their vision. And more often than not a good leader often has some of the same skills that makes a good entrepreneur. http://simonarias.net/
Whether you are a entrepreneur or a leader perfecting your skills, and not giving up on your dreams is sure to make you successful in business and even in life. Learn more about being an entrepreneur and leader here: https://blogs.ubc.ca/randomthoughts/2018/01/23/simon-arias-the-inspiring-story-of-an-entrepreneur/