5 Annoying Habits of Entrepreneurs
Posted by Pierre de la Fortune on March 26, 2015 @ 12:07 a.m.
Written by Luke Landes
1. The competitive drive. Entrepreneurs constantly need to prove they are better than their competitors. Successful entrepreneurs are able to toot their own horn without blowing it. Competition is healty when it is a source of motivation, but there are some situations when its not socially acceptable. Say youve had a hard day at work; you come home and your partner says, I had a hard day today. You say, You had a hard day! You had a hard day! You wouldnt believe the kind of day I had. Theyre so competitive that they have to prove theyre more miserable than the person they live with. 2. Shutting down others thoughts. Goldsmith explains this by describing how entrepreneurs will start sentences with but, no, or however. This basically is communicating, Youre wrong and what I have to say is correct. No, but, or however means disregard everything that came before this word. Basically what youre telling the person is shut up. 3. Adding too much value. An entrepreneur in a management position knows her business well so well, that when suggestions are brought to this entrepreneur, she will improve it, making it her own. This has some consequences. From Goldsmiths point of view: The quality of the idea may go up 5 percent, but my commitment to its execution may go down 50 percent, because now its your idea, not mine. Its hard for an entrepreneur to realize that the effectiveness of execution is a function of the quality of the idea times this human beings commitment to make it work. 4. Playing favorites. This sounds like an overgeneralization, but Goldsmith says that entrepreneurs claim they dont like suck-ups, yet they unknowingly or knowingly favor those who fit that description, and this allows the sucking-up to continue.
To avoid playing favorites, ask yourself four questions. First, how much do your employees actually like you? You dont know how much they like you it doesnt matter. Its how much you think they like you. Second, ask how much are they like me? Owners who are engineers are often guilty of this. Theyll say, The employee may be a jerk, but thats okay, because hes one of us, hes an engineer. How much do they remind me of that ever so wonderful me? Third, how much do they contribute to our company, and fourth, how much personal recognition do I give them? 5. Obsession with goals. Goal setting, mapping out a path, and getting things done to achieve that goal is exactly what makes successful entrepreneurs successful. You pay for that obsession in personal relationships.
I worked with a guy on Wall Street who was clocking 80 hours a week, and he said he was doing it because he needed to make a lot of money. When I asked him why, he said that hed been married three times, and Do you know how much alimony I pay? Then I asked, Why have you been married three times? He replied, None of my wives understood how hard I had to work Entrepreneurs kill themselves, literally. They work themselves to death, they dont get physical exams, their health goes straight to hell. For what? You have to find balance. Looking back to You Call the Shots, by Cameron Johnson [my review], I see these traits in this example of a successful entrepreneur. I can see these traits in other successful individuals, regardless of whether they are entrepreneurs. There is social feedback at play. Are there other traits that might be helpful to those wishing to succeed as entrepreneurs but detrimental when exhibited in social situations? For more info please visit:: http://www.consumerismcommentary.com/5-annoying-habits-of-entrepreneurs/
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