Saturday I said, “It’s innovation, no matter where it’s done, and MAP that drives jobs,” and that I would expand on MAP’s role today.

Ask people what an entrepreneur does and their description will usually say something about starting a company.

But there is a critical psychological difference between entrepreneurs that has nothing to do with investment, revenue or even employees.

• It’s the difference between creating a company and being self-employed—even if you have 50 employees and $50 M revenue.

• It’s the difference between trusting others and what those in the startup world call founder ego—the belief that you can do any job better than anyone you hire.

• It’s the difference between making yourself central to every action and decision within the company or hiring well, delegating and then getting out of the way, so people can do their jobs.

• Simply put, it’s the difference between holding on and letting go.

And it is that difference that often decides not just the company’s success, but whether the founder sticks around or leaves—willingly or with help from the board/investors.

Flickr image credit: http://www.flickr.com/photos/helga/3436664563/

This entry was posted on Monday, September 20th, 2010 at 1:15 am and is filed under Business info, Innovation. You can follow any responses to this entry through the RSS 2.0 feed.
Tags: delegate, entrepreneur, success
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