Entrepreneurail Studies

Knowing this the most sufficient leadership style for a young entrepreneur to have is a democratic style. It persuades others to follow by encouraging employees to participate in the decision-making process. “Great leaders possess inward qualities such as confidence and focus, also an outward presence, including charm and compassion, and

being able to create a vision and convince other to commit to it.” (Laura Pratt). A successful entrepreneur has to be a team leader, a figure head in the organization. A successful entrepreneur, implements strategic and operational decisions and detects potential problems, identify opportunities for improvement and turn those opportunities into action so that the whole organization becomes more competitive and more profitable. This is most resembled by a democratic leadership style.

One also must consider psychological capabilities such as your emotional intelligence quotient (EQ). This measures ones ability to perceive, process and understand the emotions of others. If a leader is capable of possessing all these or at least most of these, a

Some topics in this essay:
Laura Pratt, , Mike Abrashoff, Machiavelli Running, leadership style, democratic leadership style, democratic leadership, successful entrepreneur,