To be an entrepreneur is to be able to LEAD amongst the community and whilst building a team. 

Leadership

Endurance 

Amicable 

Determination

Here are 10 key responsibilities of an entrepreneur:

💫 Developing the Business Idea:

Entrepreneurs are responsible for conceptualizing innovative business ideas that solve a problem or meet a need in the market.

💫 Business Planning:

Creating a detailed business plan that outlines the goals, strategies, and financial projections of the business.

During last month’s MasterMind with new entrepreneurs the group was given time to write out a business plan for their company. This was as example I shared to help them complete the workbook. Then we developed a strategy to ACTion for each of their businesses to focus on throughout the second half of the year.

✨Accountability

✨Cadence

✨Timing

💫 Financial Management:

Managing the finances of the business, including budgeting, forecasting, accounting, and ensuring financial sustainability.

💫 Marketing and Sales:

Developing marketing strategies and sales plans to promote the products or services of the business and attract customers.

💫 Networking:

Building and maintaining relationships with suppliers, customers, investors, and other key stakeholders in the industry.

This is also important with fellow entrepreneurs. Our glowgetter community is a welcoming and supportive environment to share successful practises and empower each other.

💫 Hiring and Managing Employees:

Recruiting, hiring, and managing a team of employees to help run the business efficiently.

This is a huge part of a successful business. Hire from the top down to ensure a strong leadership team is in place with clear management markers and milestones.

💫 Risk Management:

Identifying potential risks to the business and implementing strategies to mitigate them.

A SWOT analysis works well for mitigating risk. Making a list of Strengths, Weaknesses, Opportunities and Threats to your business.

💫 Adapting to Changes;

Being adaptable and agile in response to market trends, competition, and other external factors that may impact the business.

💫 Innovation:

Continuously seeking ways to innovate and improve products, services, and business processes to stay ahead of the competition.

💫 Legal and Regulatory Compliance:

Ensuring that the business complies with all relevant laws and regulations to avoid legal issues. This includes insurance, correct qualifications and certifications.

These responsibilities may vary depending on the nature of the business and industry, but these are some common tasks that entrepreneurs typically handle as they work to build and grow their ventures.

If you’d like to book a VIP strategy session, complimentary discovery call or attend one of events please join our mailing list or connect on social.

Thank you for reading, if this was useful please 🩷 and if it could help someone in your network, please share.

Thank you ~ Diana x