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EntreLeadership

20 Years of Practical Business Wisdom from the Trenches

By Dave Ramsey
12-minute read
Audio available
EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches by Dave Ramsey

EntreLeadership (2011) shows that by combining the traits of an entrepreneur and a leader, you too can build a successful company. Author Dave Ramsey draws on his some 20 years of entrepreneurial experience to share his professional secrets on how to start and grow a company from one to 400 employees from the ground up.

  • Business managers, entrepreneurs and CEOs
  • Anyone thinking of starting their own business
  • Employees looking to step up to managerial roles

Dave Ramsey is the author of several bestselling books on finance and leadership, including Financial Peace and The Total Money Makeover. He founded and is the owner of The Lampo Group, Inc.

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EntreLeadership

20 Years of Practical Business Wisdom from the Trenches

By Dave Ramsey
  • Read in 12 minutes
  • Audio & text available
  • Contains 7 key ideas
EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches by Dave Ramsey
Synopsis

EntreLeadership (2011) shows that by combining the traits of an entrepreneur and a leader, you too can build a successful company. Author Dave Ramsey draws on his some 20 years of entrepreneurial experience to share his professional secrets on how to start and grow a company from one to 400 employees from the ground up.

Key idea 1 of 7

An EntreLeader combines the best qualities of an entrepreneur and a leader.

What sort of qualities do you expect from a start-up founder?

A start-up founder certainly needs to be comfortable taking risks, and should have the go-getter attitude of an entrepreneur. What’s more, she needs to be comfortable thinking outside the box, as that's how she’ll create new products and find the right market niche.

It's also necessary for a start-up founder to be a great leader. She should be disciplined, yet humble. She also needs to keep her cool under pressure, especially during the hectic early days.

Ultimately, an effective start-up founder should embody just the right combination of qualities from great leaders and great entrepreneurs. In other words, you need to be an EntreLeader.

An EntreLeader is a risk-taker who can spot gaps in a market. She is a passionate individual with a strong desire to succeed, but she’s also a capable leader who can motivate a team and can make tough decisions with integrity.

A company’s leader determines a company's culture. Thus a leader needs to have strong EntreLeadership skills if she wants to succeed.

Many CEOs today struggle with this. They don't always realize that strong leadership skills are just as important as strong entrepreneurial skills.

The author too struggled with being an effective leader. In one of his earlier ventures, he managed 14 employees. Although he was passionate about his work, he was often frustrated that his staff didn't share his passion equally. He often overreacted to small issues, such as employees showing up late.

Letting his anger overwhelm his reason, the author once forced his whole staff to sit outside on a chilly day, telling them that being late would “leave them out in the cold.”

Unsurprisingly, this demonstration didn't go over well with his staff. And his failure to be a balanced leader didn’t only bring down the spirit of his employees, but it also hurt his business.

The good news is that leaders can always learn and change. When you adopt the necessary skills to become an EntreLeader, you can bring your organization great success.

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