Entrepreneurial Leadership Bret L. Simmons, Ph.D. www.bretlsimmons.com
Today• Introductions• Entrepreneurial behavior• Leadership and work relationships• Participative exercises• Breaks• Questions
Introductions • Name • What do you do? • Why are you here? • Three words other people use to describe you
Entrepreneurial • Who is the most entrepreneurial person you know in your community or organization? • List three traits (personality/character/attitude) and three behaviors (things he/she does) that make this person entrepreneurial
The Typical Entrepreneur (Shane, 2008) • White man married in his forties • Has a working spouse • Was born in the US and has lived here his whole life • Has spent much of his life in the town where he started his business • Is just trying to make a living, not trying to build a high-growth business • Worked previously in the industry in which he started his company, something like construction or insurance or retail • Has no special psychological characteristics
Why Become An Entrepreneur? • 1/3 loose money • 1/3 just break even • 1/3 some degree of profit
Why Become An Entrepreneur? Satisfaction • Autonomy • Flexibility • Greater control over lives
Entrepreneurial Behaviors • Comfort interacting with customers, employees and investors • Curiosity • Creativity • Innovation
Opportunity Thinking People tend to discover opportunities related to what they know. When they don’t know about something, new information on the topic is lost on them and they don’t see opportunities. (Scott, 2009) If you want to be more entrepreneurial, what does this suggest you need to do?
Leadership • Who is the best leader you know in your community or organization? • List three traits (personality/character/attitude) and three behaviors (things he/she does) that make this person a good leader
Business priority and daily behavior• What should be the #1 priority of most businesses? What is the most important thing that everyone in your business needs to understand is the key to your future?• What is the most important thing you need to do on a daily basis to achieve this priority?
Loyal customersRemarkable products/services Remarkable operations Remarkable employees You