"As entrepreneurs and leaders we need to magnetize (i.e., to become talent magnets) and not to minimize (i.e., to become so filled with insecurity and conceit that we crowd other talented prospective partners out by the magnitude of our own egos)." - Douglas E. Castle
Entrepreneurs are not necessarily technologists, applications developers, geeks, nerds, or wild-eyed visionaries busily thing of ways to attract a venture capitalist's or accredited angel investor's funds for "experimentation."
While entrepreneurs are many types of persons with a diversity of talents and abilities, the successful ones are business engineers -- they are masterful at identifying and recruiting greater minds and greater management into their young companies in order to accelerate progress and ensure sustainable growth.
The most successful entrepreneurs are talent scouts, seeking those other special individuals who have expertise or experience in those areas where they realistically acknowledge that they, themselves, might be deficient. This requires several abilities on the part of the entrepreneur at the center of any start-up or high-growth potential enterprise. To expedite and secure success, every entrepreneur must be able to:
1) Search for and recruit talent;
2) Be persuasive and generous in offering those skilled individuals (the ones he or she has scouted) a great deal in return for their sweat equity and for their portion of the assumed risk in working for an unproven organization;
3) Put personal insecurities and ego considerations aside in the interest of project development, implementation and management - it is often very difficult for an entrepreneur to hand over the reins to others, but the rewards are greatest where he or she surrounds himself or herself with high-quality, well-motivated people;
4) Create positions and job descriptions around those areas where these talented individuals have an intersection of their greatest contribution value and their true passions - don't try to partner with a brilliant mind, only to stifle it, underutilize it or misplace it. As an entrepreneur, your people are truly Human Assets. Allow these sentient, innovative assets to help you to find their best place within your organization's management structure and critical path to success;
5) Constantly weed out the feeble asset choices from the powerful ones -- work to diversify your company's collective skill set and to maximize intellectual and emotional synergy. Try to acquire the partnership of those persons from whom you can learn and grow - do waste time finding people to simple "fill pre-carved slots" or to boss around. The wrong people in the wrong positions quickly turn into dangerous liabilities.
The most important thing to remember is that your partners are your entrepreneurial investment portfolio. Trade out of "bad positions" and trade into "good positions." Don't be afraid of strengthening your average per capita corporate IQ. Push the envelope. Good recruits will help you in your conquest of profitability and prosperity.
NOTICE: This article is Copyright © 2011 by author Douglas E Castle with all rights reserved. It may be republished without permission provided that it is published in full, with all hyperlinks and exhibits left intact, and with full attribution given the author. This article does not contain or constitute medical, health, psychological, legal, regulatory, investment, securities, financial, tax, or any other form of professional advice -- the reader acknowledges and accepts this disclaimer. Further, the reader indemnifies and holds harmless both the author and all publications in which this article appears of any damages, claims, loss, responsibility or liability emerging from the reader’s utilization of any information contained herein.
About This Author: Further information regarding this author’s professional experience, expertise and service offerings can be found at ABOUT DOUGLAS E CASTLE
Other Blogs And RSS Feeds By This Author: A comprehensive list of blogs and RSS feeds on various subjects written or moderated by Douglas E Castle may be found by clicking on the orange icon below.
This Blog Is Powered By TNNWC Group, LLC ™
Contact This Author Directly: Click HERE for an instant pop-up form.
You may follow Douglas E Castle on TWITTER
The author highly recommends that each of his respected readers becomes Pinglerized (a Lingovation™) in order to maximize SEO, search engine ranking, and to exponentially increase both unique visitors and recurring traffic to your website or blog. Leverage this wonderful technology.
The author wishes to thank the following resource providers:
- Entrepreneurs Are Made, Not Born, Says New Survey (livescience.com)
- Economic Stagnation Ignites Entrepreneurial Innovation with Capital Online Revenue (prweb.com)
- Top 5 Things to Know to be a Successful Entrepreneur (drdianehamilton.wordpress.com)
- Entrepreneur India 2011 (enterprisers.in)
- A Resource for Nonprofits: Recruiting Entrepreneurial Leadership (bjconquest.com)
- Why Entrepreneurs Should Take A Break From Brainstorming New Ideas (businessinsider.com)
- Entrepreneurial Stress? You Need Some Quick Music Therapy. (douglascastle1.wordpress.com)
- Global Entrepreneurs - Shaping The World's Future. (theinternationalistpage.blogspot.com)
- Commanders, Visionaries and Entrepreneurs. (takingcommand.blogspot.com)
- Learn more by diversifying your interests, and watch your networking productivity FLY. (takingcommand.blogspot.com)
- Government Bailout Money -- What Did You Do With Yours? (imagesbydouglascastle.blogspot.com)
Forward/Share This Article With Colleagues And Social Media: