Differences between Entrepreneurs and Managers!

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An Entrepreneur and a Manager walk into a bar……….

Sorry to disappoint but we don’t actually know any Entrepreneur/Manager jokes. 😂

Let us start first by differentiating entrepreneurs from managers because they most certainly are two different species.

EntrepreneursManagers
VisionariesImplementers
Low EQ (Emotional Intelligence) Better EQ than Entrepreneurs
Focus on the long term (5-10+ years ahead)Focus on day-to-day operations.
Very good at starting projects and not finishing. Very good at executing tasks and ensuring projects are completed.

To truly understand the difference between these two species, try to think of people in terms of visionaries and implementers. Entrepreneurs can be categorised as visionaries since they are often thinking non-stop of innovative ideas. Even though managers could be great visionaries too, their focus is really on implementing plans and day to day operations. Emotional intelligence may be the biggest differentiator between entrepreneurs and managers. Most entrepreneurs tend to not have the best emotional intelligence, as their personality and ego may influence their understanding of the culture in the office. On the other hand, since managers are significantly more involved with all the employees from different departments, they tend to have a better understanding of the culture in the office. 

As a result of being visionaries, entrepreneurs tend to be thinking 5-10 years into the future when coming up with new ideas and this may cause them to come off as having their heads “in the clouds”. Routine and Homeostasis can be considered the two worst enemies of any entrepreneur since they are always in the pursuit of innovation. Entrepreneurs are extremely talented at starting projects based on their great ideas but they’re not the best when it comes to finishing each project. That’s when managers come into play, their ability to manage multiple tasks and different people is what makes them great at carrying out projects to completion.

Avoiding the clash

Just like anything else in life, having too much of the same thing is never a good thing and this couldn’t be more accurate when it comes to office culture. Entrepreneurs can have very strong personality traits such as Strong Sense of Self, Vision, Low Emotional Intelligence and Impatience, and the thing is that some people could exhibit those personality traits without even being an entrepreneur. This means you could have two entrepreneurs in your team without you even knowing. Think of having two entrepreneurs in your business as having 2 captains navigating the same boat. Obviously they both will be very creative and come up with great ideas but eventually, their ego or competitiveness will be the biggest downside, and inevitably, they will clash. 

Much like you can have two entrepreneurs right under your nose without you noticing, it is possible to end up with two people in your team exhibiting strong managerial personality traits such as being Team-Oriented, Performance Driven and Compassion. Think of having two managers in a business as having two coaches for one athlete. One manager will have a specific method for measuring and evaluating the performance of the team while the other manager might have a completely different approach to evaluating and communicating with the team.

Now that you know the downsides of having more than one entrepreneur or manager in your team…how can you identify people in your business that exhibit managerial and entrepreneurial personality traits?

We recommend that you carry out the following personality tests with your team:

  1. Kolbe Test
  2. Disc Assessment

Even though these two tests may set you back a couple of dollarooskis, they’re 100% worth it because they provide you with a clear idea of the type of people you have working in your team.

Now whether you are a manager, entrepreneur or simply an employee, you’ve made it to the end of this blog and as a way of saying thank you, we want to give you the opportunity to truly improve your Marketing game! How? Simply click HERE to receive your free “Facebook™ Marketing Toolkit” USB. (Thank us later! 😜)

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