Business Affair

Tips from Francisco Lapid and Efren Sotto, from their book "21 Steps on How to Start your own Business":

In our GoNegosyo caravans, we always tell people that there are several RINGS to a business relationship (like marriage):

Business is a LOVE AFFAIR:

Engagement Ring = You court your idea

Wedding Ring = You commit to your idea and a baby business is born

Suffe-Ring = You take the ups and downs of commitment / marriage

Endu-Ring = You make do and hope for the best, 'til death do you part

God's Everlasting Offe-Ring

Leadership Attributes even for Employees

Entrepreneurial leaders have some specific leadership attributes. Entrepreneurial leadership is leadership that is based on the attitude that the leader is self-employed. Leaders of this type:

• take initiative and act as if they are playing a critical role in the organization rather than a mostly important one and energize their people,
• demonstrate entrepreneurial creativity, search continuously for new opportunities and pursue them,
• take risk, venture into new areas and provide strategic direction and inspiration to their people,
• take responsibility for the failures of their team, learn from these failures and use them as a step to ultimate success and strategic achievement.

Entrepreneurial leadership involves instilling the confidence to think, behave and act with entrepreneurship in the interests of fully realizing the intended purpose of the organization to the beneficial growth of all stakeholders involved.

Source: Vadim Kotelnikov