What Makes a Good Leader vs a Good Entrepreneur- Satish Patel - Leadership in Action- Episode # 035

Are all great entrepreneurs great leaders? What do great entrepreneurs have in common? What tools do great leaders possess? These are the questions that Satish Patel answers in this episode, based on his long and prosperous entrepreneurial journey. You’ll learn about what you can be doing to better listen to your team, the differences and similarities between leadership and entrepreneurship, and how to ensure you have a successful career.   Takeaways  Leadership and entrepreneurship are not the same concepts. Entrepreneurship is about seeing problems as opportunities and changing the world. Leadership is about guiding a group towards a common goal. There are some shared traits between leaders and entrepreneurs, such as vision. However, someone may be a great entrepreneur but a terrible leader and vice versa. Some of the shared traits among successful entrepreneurs include risk-taking, passion, and resilience. Some of the shared traits among good leaders include good social skills, empathy, and delegation. The reason that a company has turnover is that it is not listening to its employees enough. To avoid higher turnover, consider adopting greater transparency, ‘town hall’ meetings, and an open-door policy. Here are the four things to remember in order to have a successful career: 1) You have to love what you do; 2) You have to be good at what you do; 3) There has to be a market for what you do; 4) Be open to other ideas. Entrepreneurs need to avoid their perfectionist tendencies to keep work to themselves so as not to risk someone else making a mistake. Instead, delegate to your team and let them learn and grow. Don’t be afraid to start working with a coach early on to help yourself grow as a leader.    Links:  LinkedIn: https://www.linkedin.com/in/satishnpatel/ Email: [email protected] Twitter: https://twitter.com/Satish_Analytix?s=20&t=7vR4LDaPYL_7JOzUWE1OoQ Company website: https://www.analytix.com/   Quote of the Show “It's easy to be on the top and not be aware of the ground-level reality” - Satish Patel   Ways to Tune In: Apple Podcast - https://podcasts.apple.com/us/podcast/leadership-in-action/id1585042233 Spotify - https://open.spotify.com/show/2t4Ksk4TwmZ6MSfAHXGkJI Stitcher - https://www.stitcher.com/show/leadership-in-action Google Play - https://podcasts.google.com/feed/aHR0cHM6Ly93d3cubGVhZGVyc2hpcGluYWN0aW9uLmxpdmUvZmVlZC54bWw Amazon Music - https://music.amazon.com/podcasts/4263fd02-8c9b-495e-bd31-2e5aef21ff6b/leadership-in-action YouTube - https://youtu.be/lBzeJsLkcyQ