Success in Action

Three Principles to Make Yourself an Entrepreneurial Leader

The power to inspire others

Ferris Watt
ILLUMINATION
Published in
3 min readMar 21, 2020

--

Photo by Franck V. on Unsplash

Many entrepreneurs of the 21st century appear in companies such as Tesla, 3M, and Google. Today entrepreneurship shows massive in forms of strategy rather than the size of the company. Active entrepreneurs are vision-driven leaders who can tolerate doubtfulness, reduce risk, effectively commercialize, and innovate.

These entrepreneurial leaders seek out and pursue opportunities by carefully allocating diverse resources required to create new markets and engage inevitable competition.

Three Principles

Myths still surface about entrepreneurs; among the many is the thought that leaders are born, not made. The grounds of this thinking reflect an old era, when kings and queens were royalty and leadership was part of the aristocracy. Leadership is an extremely complex phenomenon heavily depending on the leader, situation, task, and those being led.

The motivation behind entrepreneurial behavior can differ between founder, CEOs, and inventors. But, in theory, these three principle needs motivate people.

1. The Need for Achievement

--

--