ENTREPRENEUR

Should Entrepreneurs Hire Entrepreneurs?

An interesting question came up the other day which warrants attention. The question was whether entrepreneurs should hire entrepreneurs. In thinking about how to answer this question, I started thinking about a book written by Michael Gerber entitled The eMyth.

In his book, Gerber discusses that an entrepreneur encompasses three roles: the technician, the manager, and the visionary. As a technician, the entrepreneur is able to perform the core tasks that the business performs such as baking a cake or coding software, etc.. As a manager, the entrepreneur is able to direct others in the organization to work effectively as a team. Finally, as a visionary, the entrepreneur is able to develop a picture of where the business should be in one, five, and ten plus years and plot the course to get there.

Gerber’s analysis sheds light on the question of whether an entrepreneur should hire an entrepreneur. In some respects, entrepreneurs should only hire

technicians and managers. These people will enable the organization to perform the necessary tasks effectively and provide value to customers and shareholders. However, if the employees are not entrepreneurial, will they be able to come up with new ideas and better ways of doing business?

Conversely, entrepreneurs within an organization can be a threat. They may constantly come up with new ideas that prevent them from expertly completing the tasks at hand. These ideas may also cause other employees to lose focus on the current execution strategy. Likewise, the entrepreneur-employee may be prone to start a competing business in the future.

In summary, there seems to be no right or wrong answer to whether hiring entrepreneurs is good or bad. There are positive aspects to hiring entrepreneurs as they will come up with new ideas that could positively shape the business. Conversely, they could pose a threat. The key seems to be in the entrepreneur’s

ability to effectively manage entrepreneur-employees. This can be accomplished via legal mechanisms (e.g., non-compete agreements), economic incentives (e.g., stock options, profit sharing) and constant monitoring and feedback.

Since its inception, Growthink Business Plan Development has developed over 350 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. Growthink has become the firm of choice for venture capital firms, angel investors, corporations and entrepreneurs in the know.

For more information on this topic please visit http://www.growthink.com/businessplan/ or visit our venture capital placement site at Growthink Venture Capital.

FREE REPORT The Ultimate Home Business
Become a financial trader from home no experience necessary
Learn The Secrets That Made Trading Legend WD Gann Millions

ENTREPRENEUR ARTICLES

Facing Your Fears As An Entrepreneur |Do You Have What It Takes To Be a Successful Entrepreneur |An Entrepreneur Article For Serious Contenders |Micro Entrepreneurs |An Entrepreneur s Biggest Cost |How To Become An Entrepreneur Fast Easy Money |The Heart of an Entrepreneur | Entrepreneur

HOME BUSINESS ARTICLES

Free Help Starting a Home Business |Diary of Beginning Home Business Entrepreneur Part 1 |Is A Consumer Printer Sufficient For Home Business |Home Business Network Marketing |An Ideal home business Home Page |Your Work at Home Business |Faster home business profits | Home Business

RELATED PAGES
FREE BUSINESS ASSESSMENT | BUSINESS BASICS FOR SUCCESS | MARKETING THE KEY TO BIGGER PROFITS | ONLINE BUSINESS | HOME BUSINESS | OFFSHORE | LEGAL ADVICE | OUTSOURCING | SALES | MARKETING | BRANDING | CUSTOMER SERVICE | STRATEGIC PLANNING | ADVERTISING