10 Common Weaknesses of an Entreprenuer

10 Common Weaknesses of an Entrepreneurs

Multitasking to the extent of Crashing:

Entrepreneurs often have a thousand things going in their mind. Many can switch so rapidly from one to the other that they leave many people confused. The result is that important tasks get short shifted. Relationships often suffer. Don’t let multitasking surpass your focus. Concentrate on your customers’ needs.

Demanding Perfection from all:

Entrepreneurs are perfectionists. Most are never satisfied with their own work, as well as the work of others. This can cause delays and costs in the business. Mostly it will cause friction and frustration in relationships with team members, partners, and customers. The late Steve Jobs survived this imperfection and it made The Apple famous.

Strong convictions bordering on Stubbornness:

The best leaders have strong convictions. When push comes to shove they listen to others, and are willing to compromise. Whatever needs to be done to move the ball forward. In business, if you refuse to compromise and meet the needs of customers, your competitors will replace you. Business is no place for stubbornness.

Not a team player:

Most Entrepreneurs start their business because they perceive an unseen need in the market. Many times they want to be in charge. Most often just don’t like working with others. In time, however, every business requires a team. Giving up control becomes a constant struggle. Some entrepreneurs simply jump ship and start again.

Over-confident to the point of being Egotistical:

Letting your ego drive decisions is not a good thing. Build your business on confidence that is based on knowledge and trust. While entrepreneurs need a healthy ego for body armor, it can quickly become the negative trait. Confidence can be confused with arrogance if not tempered. Be confident in what your product delivers. Being proud of your product can never be considered egotistical. Bragging about what your product delivers or putting down your competition is never a good thing. Never condemn your client’s previous solutions. Pointing out the “flaws” in past solutions can be considered egotistical and insulting.

Procrastination on certain challenges:

Sometimes I talk to some very smart entrepreneurs who struggle with tough issues, like building a website. They may ignore these challenges or try to pass them off to a business partner they trust. The positive effects of learning a new skill or disciplines just don’t appeal to some. It’s OK to step away from a challenge.  A timely decision to remove yourself from a problem is sometimes needed to grow your business.

Paranoid reaching delusional proportions:

Caution is a good trait of being alert when approaching new people and new business partners. If not kept in check it can easily grow into paranoia. Most new entrepreneur trusts no one and thinks all deals are a potential scam. The best entrepreneurs strive to find a win-win relationship with partners and investors.

Work-life balance and workaholic tendencies:

Most entrepreneurs will admit to being a “Workaholic” at some stage of their startup. Ultimately this desire may be considered a negative trait by potential partners. Believe it or not, working too much can stifle and limit your business growth. If you choose to micromanage a project you can ruin any momentum you may have.  You can still manage your business while migrating to a positive solution of delegation. You need to focus on building an organization. This will give you the flexibility to work on aspects of the project that you feel needs more time and attention.

Often emotional and temperamental:

Passion and Sensitivity are key traits in every good entrepreneur. In some cases, these traits can seem to escalate to mood changes and emotional outbursts for no reason. At this point, the leader may make less rational decisions that may lose the loyalty and trust of associates and customers. Directing your emotions to “Celebrating” success instead of reacting to setbacks will energize your clients, partners, and employees.

Looks at the world through colored lenses:

Successful entrepreneurs can easily lose sight of the real business world. Once the perks of Influence and Trust set in, weak leaders become philosophers instead of entrepreneurs. We see this all the time when business leaders focus too much on the Social Component of their business. Placing and promoting a social agenda over your product will lead to disaster. The time to worry is when you start seeing compassion as a character flaw, rather than a positive trait.

Conclusion:

Every successful entrepreneur can probably relate to these not-so-positive traits. In many cases, most will attest that without one or more of them, their startup would likely have failed. The question is whether that makes them good traits.  Can these traits be learned and nurtured by every young entrepreneur who is striving to be great? I think not. There has to be a better way.

A Simple way to Start:

Networking and always presenting yourself at every opportunity builds a huge circle of potential clients fairly quickly. When presented with an opportunity to meet someone new, every starting Entrepreneur looks for a unique hook that makes them stand out from the crowd. Many will spend hundreds of dollars trying to create an engaging first impression. I stumbled upon this great solution.

There is a little company called Qme.World that makes the most engaging Digital Business Cards that you host right on your Smart Phone. Firstly the design is simple and elegant. Easy to use and even easier to share with their Tap to Share Buttons or unique QR Barcode that makes sharing your business card as quick as taking a selfie.

Since your business card is hosted at Qme.World any changes update everyone that has your business card quickly and quietly. Suggesting your client host your business card on their Mobile Phones Home Screen puts you in mind everytime they look at their phone screen. The Tap to Call or Tap to Text Buttons put’s you at their fingertips. Now your solution is just a “Tap” away.

Visit their website at Qme.World

Try it for 30 Days for Free. If you like it get the basic package for $1.00 a month. Less than a cup of coffee. If you want a full blow branded version for you or your organization the price ranges from $3.00 to $10.00 per card.

As the team at Qme.World says, “You never have a second chance to make a First Impression.”