Moving From Entrepreneur to Leader (Edexcel A Level Business)

Revision Note

Steve Vorster

Written by: Steve Vorster

Reviewed by: Jenna Quinn

Transitioning from an Entrepreneur to Leader

  • Moving from an entrepreneur to a leader can be a challenging transition

  • The skills and mindset required to successfully launch and grow a business are often different from those required to lead and manage a team

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Entrepreneurial leadership versus CEO Leadership

  • Some entrepreneurs are unable to make this transition and have to hire a CEO with whom they can work very closely to drive the business forward

Difficulties Faced by Entrepreneurs in Transitioning to a Leader of a Growing Business

The need to delegate

Trust and verify

Learning to listen

  • Entrepreneurs need to learn to delegate tasks and responsibilities to others

  • This can be difficult for entrepreneurs who are used to having control over every aspect of their business.

  • As a leader, it's important to trust your team members to do their jobs effectively

  • It's also important to verify that tasks are being completed correctly and on time

  • Finding the right balance between trusting your team and verifying their work can be a challenge

  • Entrepreneurs are often driven by their ideas and visions

  • As a leader, it's important to listen to the ideas and perspectives of others

Having an open mind

Being less reactive

Developing emotional intelligence

  • Leaders need to be open to new ideas and willing to adapt to changing circumstances

  • Entrepreneurs are often used to taking quick action and making decisions on the fly

  • As a leader, it's important to take a more strategic and measured approach to decision-making

  •  Leaders need to be able to understand and manage their own emotions, as well as the emotions of their team members

  • Many entrepreneurs are used to being driven by passion and enthusiasm rather than emotional intelligence and empathy

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Steve Vorster

Author: Steve Vorster

Expertise: Economics & Business Subject Lead

Steve has taught A Level, GCSE, IGCSE Business and Economics - as well as IBDP Economics and Business Management. He is an IBDP Examiner and IGCSE textbook author. His students regularly achieve 90-100% in their final exams. Steve has been the Assistant Head of Sixth Form for a school in Devon, and Head of Economics at the world's largest International school in Singapore. He loves to create resources which speed up student learning and are easily accessible by all.

Jenna Quinn

Author: Jenna Quinn

Expertise: Head of New Subjects

Jenna studied at Cardiff University before training to become a science teacher at the University of Bath specialising in Biology (although she loves teaching all three sciences at GCSE level!). Teaching is her passion, and with 10 years experience teaching across a wide range of specifications – from GCSE and A Level Biology in the UK to IGCSE and IB Biology internationally – she knows what is required to pass those Biology exams.