Self20Leadership/ ENTREPRENEURIAL MIND.pdf

entrepreneur and entrepreneurship

1. GATE 4: SELF
LEADERSHIP

2. SELF-LEADERSHIP IS THE FOURTH GATE (MARKED
UNDER D IN EXHIBIT 1-8). IT IS ABOUT MOVING
FORWARD, MISSION AND MASTERY. THE
ENTREPRENEUR MUST NOT ONLY BE REASONABLE
BUT ALSO HAVE A HIGH ADVERSITY QUOTIENT (AQ)
IN ORDER TO STAND UP EACH TIME FAILURE OR
HURDLES ARE EXPERIENCED. WITHOUT SELF-
LEADERSHIP, MEANINGFUL CONTINUITY AND
PROGRESS WILL NOT HAPPEN. SELF-LEADERSHIP IS
NOT JUST ABOUT LEADERSHIP IN BUSINESS BUT
ALSO IN ONE'S PERSONAL LIFE.

3. MOVING FORWARD IS ABOUT HAVING THE GRIT TO
CONTINUE THE BUSINESS DESPITE OBSTACLES.
MISSION IS ABOUT PURPOSE OR THE REASON WHY
THE BUSINESS EXISTS BEYOND MAKING PROFIT. IT
CAN HELP ENCOURAGE OR MOTIVATE
ENTREPRENEURS IN KNOWING THAT THEIR ACTIONS
ARE NOT JUST FOR SELFISH OBJECTIVES BUT ALSO
FOR THE BENEFIT OF OTHERS, IN SHOWING LOVE
AND CONCERN FOR OTHERS, AND HELPING OTHERS
EXPERIENCE HAPPINESS AND ACHIEVEMENT.

4. MASTERY IS ABOUT BUILDING CAPABILITIES,
KNOWING THE NUTS AND BOLTS OF THE BUSINESS
WELL, AND ELIMINATING GAPS IN THE KNOW-
HOW. MASTERY INCLUDES KNOWING THE SELF,
THE ENVIRONMENT AS WELL AS THE OPERATIONS.
AS KNOWLEDGE HAS A SHORT SHELF LIFE,
ENTREPRENEURS MUST BE HONEST ABOUT WHAT
THEY KNOW AND DON'T KNOW, AND MUST
SPEND TIME UPGRADING KNOWLEDGE FOR
THEMSELVES AND THEIR TEAM CONSTANTLY.

5. THE 4-GATE MODEL OF PROSPERITY EXPLAINS
WHY THE FAILURE OF AN ENTREPRENEUR MAY BE
IN THE EXECUTION GATE OR EVEN IN THE SELF-
LEADERSHIP GATE. HENCE, 12 MS ARE NEEDED TO
ADEQUATELY EXPLAIN ENTREPRENEURSHIP.
EXHIBIT 1-9 SHOWS THE BIGGER PICTURE
INTERCONNECTING THE 3 CS KEY FACTORS FOR
FACTORS MATRIX.
SUCCESS TO THE FOUR GATES, WHICH WE SHALL
REFER TO AS THE 3 X 4 ENTREPRENEURSHIP KEY

6. Exhibit 1-9: 3 x 4
Entrepreneurship Key Factors
Matrix

7. Key Factors
for Success
Preparation Marketing Execution
Self
Leadership
Commitment Money Mindset Machinery
Moving
Forward
Coordination Model Market Method Mission
Competency Mentors Message
Management
Skills
Mastery

8. AN ENTREPRENEUR NEEDS FOUR DIFFERENT TYPES
OF COMMITMENT:
1. MONEY - COMMITMENT TO MAXIMIZE RETURN ON
INVESTMENT
2. MINDSET - COMMITMENT TO HAVE AN INNOVATION
MINDSET
3. MACHINERY - COMMITMENT TO CREATE AN
EFFECTIVE ORGANIZATION
4. MOVING FORWARD - COMMITMENT TO KEEP
ITERATING TOWARD OBJECTIVES AND GOALS

9. AN ENTREPRENEUR NEEDS FOUR DIFFERENT TASKS
OF COORDINATION:
1. MODEL - COORDINATE THE INTERDEPENDENCY OF A
BUSINESS MODEL
2. MARKET - COORDINATE CHOICE AND PENETRATION
OF THE TARGET MARKET
3. METHODS - COORDINATE PROCESSES NEEDED TO
ROUTINIZE OPERATIONS
4. MISSION - COORDINATE THE ESTABLISHMENT AND
FULFILLMENT OF A COMPANY'S MISSION

10. AN ENTREPRENEUR NEEDS FOUR DIFFERENT
GROUPS OF COMPETENCIES:
1. MENTORS - COMPETENCY RELATED TO SENSE MAKING AND RISK
ASSESSMENT THAT CAN BE PROVIDED OR GUIDED BY MENTORS
2. MESSAGE - COMPETENCY RELATED TO CUSTOMER-FOCUSED
COMMUNICATION, EXPRESSED IN TERMS OF A POSITIONING OR A
MESSAGE
3. MANAGEMENT SKILLS- COMPETENCY RELATED TO INITIATIVE AND
RESOURCE MANAGEMENT AND INFLUENCING PEOPLE SKILLS AS PART OF
CRITICAL MANAGEMENT TASKS
• 4. MASTERY - COMPETENCY RELATED TO ADAPTABILITY AND GRIT
RESULTING TO MASTERY OF STRATEGY AND CHANGE, AS WELL AS
CUSTOMER UNDERSTANDING AND SELF TRANSFORMATION.