3 Entrepreneurial Strengths That Can Also Be Weaknesses

3 Entrepreneurial Strengths That Can Also Be Weaknesses

Many of the qualities responsible for getting us where we are today can also hold us back. Watch out for these three double-edged traits:

Persistence
Willingness to persevere despite obstacles has created many great innovations and is often the foundation for successful start-ups. However, persistence can easily turn to stubbornness. Stick with your ideas when you know you are right and have supporting evidence. Be willing to abandon your position when signs show you need help or redirection.

Control
Early phases of company growth require the founder be involved in all operations. But as the company scales, that maniacal attention to detail can be counterproductive. Recognize the importance of delegation and let go when it’s time.

Loyalty
Close ties inevitably form when people work together day in and out, and loyal relationships can yield great results. However, you need to know when loyalty is clouding your judgment in assessing capabilities and skill gaps.
Today’s Management Tip was adapted from “Why Do Most Entrepreneurs Fail to Scale?” by Anthony Tjan.

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