Letting Go

Entrepreneurs have fun starting and building a company. They are involved in all functions and cherish control over details. There does come a point in time when they have to let go.

Parents have a difficult time letting their children venture out on their own – from the first play date to leaving home for college.

Entrepreneurs are not so different. When their businesses grow and new management is required or when Entrepreneurs need to move on to other things in life, they have a traumatic time letting go.

Successful companies are not built on single individuals, but a strong organizational team of management leading the employees. The Entrepreneur’s role is to build the management team, inspire them with the vision, and let them execute the mission.

Enlightened Entrepreneurs accept the process of letting go gracefully, while some hold on by pretending to delegate management responsibilities but continually interfere.

Entrepreneurial company management is a fine balance between letting go and holding on.

Ravi Patel

Published in: on August 27, 2019 at 4:28 am  Leave a Comment  
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A Balancing Act for Entrepreneurs

Starting and building a company is fun and exciting for Entrepreneurs. They are involved in all functions and cherish control over details. However, there comes a point in time to let go.

Parents have a difficult time letting their children venture out on their own – from the first play date to leaving home for college.

Entrepreneurs are not so different. When their businesses grow and new management is required or when Entrepreneurs need to move on to other things in life, they have a traumatic time letting go.

Successful companies are not built on single individuals, but a strong organizational team of management leading the employees. The Entrepreneur’s role is to build the management team, inspire them with the vision, and let them execute the mission.

Enlightened Entrepreneurs accept the process of letting go gracefully, while some hold on by pretending to delegate management responsibilities but continually interfere.

Entrepreneurial company management is a fine balance between letting go and holding on.

Ravi Patel

www.patelCFOservices.com

 

Published in: on October 29, 2013 at 4:56 am  Leave a Comment  
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Have a Balance in Life

Entrepreneurs are always on the go and want to accomplish great things. Sometimes it behooves them to step back and take account of their life.

The holiday season allows you the opportunity to decompress and look at he big picture.

Many years ago, I attended a week-long leadership program and one thing they taught us that I still remember is that all great leaders need balance in their lives. I believe the lesson is appropriate for Entrepreneurs.

Think of your life as a square having four corners. One corner is you; the others are family, business/career, and community. In order to maintain a perfect square, or balance in life, each corner needs equal time to be devoted to it. You need to take care of yourself and your family. Of course, your business and career are important drivers. Lastly, you need to give back to the community in which you live.

There are occasions when one of the corners demands more time, but over a long period you need to strive to devote appropriate time to each corner in order to maintain a balance in your life and be “successful” in the real sense.

Ravi Patel

www.patelCFOservices.com

Published in: on December 18, 2012 at 5:05 am  Leave a Comment  
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Balanced Life for Entrepreneurs

Entrepreneurs are always on the go and want to accomplish great things. Sometimes it behooves them to step back and take account of their life.

Many years ago, I attended a week-long leadership program and one thing they taught us that I still remember is that all great leaders need balance in their lives. I believe the lesson is appropriate for Entrepreneurs.

Think of your life as a square having four corners. One corner is you; the others are family, business/career, and community. In order to maintain a perfect square, or balance in life, each corner needs equal time to be devoted to it. You need to take care of yourself and your family. Of course, your business and career are important drivers. Lastly, you need to give back to the community in which you live.

There are occasions when one of the corners demands more time, but over a long period you need to strive to devote appropriate time to each corner in order to maintain a balance in your life and be “successful” in the real sense.

Ravi Patel

www.patelCFOservices.com

Published in: on November 6, 2008 at 6:30 am  Leave a Comment  
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