Cayenne Consulting

Self-Knowledge Makes You a More Effective Entrepreneur

Self-Knowledge Makes You a More Effective Entrepreneur

If you are going to be a real entrepreneur, it’s important that you know yourself well. After all, you won’t have a direct manager charged with giving you feedback, and your direct reports probably will be afraid to tell you what they really think.

In any case, your skills, talent, knowledge, personality, and strengths are your best assets as an entrepreneur. I’ve extracted many of the following points about knowing yourself from a book aimed at women professionals, called “Career GPS”, by Ella L. J. Edmondson Bell, Ph. D., but I see them applying equally well to every entrepreneur, man or woman. Let’s see what you think:

When you understand how you work most effectively, you will do a better job of delegation, use of outsourcing, and selection of partners and employees. Figure out what you love to do, and what you can do well, then hire people to complement your abilities.

If you are by nature a big-picture person and have trouble with follow-through, then you need to find a detail task manager to fill in the gaps. On the other hand, if you get bogged down in systems details when you should be working on the long-term strategy, get yourself a mentor to keep you on the right path.

In fact, there has never been a better time or more opportunities for entrepreneurs. The recent economic disaster demands a transformation of business processes and cultures, beginning at the startup level. Now is the time to know yourself and believe in yourself – and use this power to win.

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