That poet has a great imagination. He imagines people will read his poems!
It is often assumed that entrepreneurs are inveterate dreamers who will turn a blind eye to risks in order to create a successful venture out of their dreams. But no entrepreneur will like to be compared to the “imaginative-poet”. On the other hand, they would argue that they are unadulterated realists. So where is the dividing line?
Realism has to do with a set
of behaviors that show an inclination to accept the facts of a situation as a
basis for action, rather than being influenced by feelings that have no real
basis.
What characterizes realism for
a true entrepreneur? That’s a difficult question to answer, but I believe two
characteristics can help us understand this better.
Omniscient
Trouble-shooter and A Details-person
- Knowing it all, means knowing the details of pretty much everything, which is
a pretty convenient thing if what you're trying to do is create a sense of
entrepreneurial purpose. A realistic entrepreneur happily and always immerses
the team with all the relevant details; the aim is to ensure that they cannot but believe in the vision
and the entrepreneurial purpose!
Verisimilitude
and Transparency in Communication – verisimilitude is nothing
more than a sexy word meaning truthfulness. Realistic entrepreneurs go out of
their way to make sure that they get their facts straight. They use simple,
transparent language rather than fanciful strategic plans as an effective tool
to get a commitment to objectives.
When it comes to managing the
venture and the employees, realism should dominate. Being realistic when
creating the business plan will allow the entrepreneur to stay humble and make
decisions based on the facts presented, rather than relying on mere aspirations or
feelings.
As well as being more open to
criticism, realists are able to identify and address problems with ease, and
are more down-to-earth with their personal goals and endeavors. With an
analytical mind, realists are also able to address concerns for their business
with a level head.
Realism rejects imaginative
idealization in favor of a close observation of outward appearances. Herein
lies the challenge for entrepreneurs who aspire to sustain success in their ventures.
1 comment:
Good inputs for an entrepreneur 👌👌👌 Most important is the “Problem” the entrepreneur offered to “Solve” with his/her Solution and/or Product and/or Process. Backed by the Passion, Details, and Transparency (as Truth is always questionable is it not ?) 🙏🙏🙏
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