How do business leaders continue to create wealth and jobs whilst also evolving their approach to leadership?

Columnists | Financial Services | Funding | Growth

Mark Pearson

Mark Pearson is the founder of investment fund Fuel Ventures, which specialises in early-stage companies and offers a London-based incubation studio to its start-ups.  

He previously sold Markco Media (parent company of My Voucher Codes) to the publicly listed mobile payments firm Monitise plc in a reported £55m deal.

In my experience, creating wealth and jobs goes hand-in-hand with leadership – after all, a leader’s job is to ensure that his or her business continues to be a success, therefore opening the door for more employees to join the company.

However, to be a leader, you need to have people to lead.

That is where every entrepreneurial journey – every leader’s journey – begins.

As an entrepreneur, you are essentially a lone wolf; unless you start your business with a co-founder, you are on your own. However, entrepreneurs are natural leaders – they start by leading themselves in the right direction before leading others.

Entrepreneurs are risk-takers and rule-breakers; they are the people who carve out a new path of their own. And more often than not, they will not be alone for long.

Rule-breakers

It is very rare for an entrepreneur to become successful without help. As I said, these are the rule-breakers, and people tend to follow those who stand out from the crowd. Entrepreneurs think differently to other people, and they will step outside of conventional methods of recruitment to attract the right talent.

They are also more likely to attract like-minded talent; people who not only like the business they work for but believe in its vision enough to take a risk, jump out of the corporate bubble and join a start-up.

As a result, entrepreneurs build a ‘following’ of employees, investors, business partners and other people who trust in and buy into that company’s future.

Little by little, you see your customer base grow and your revenue begins to grow with it. That’s how entrepreneurial businesses start to gain momentum.

As the business profits from that momentum, it begins to create both wealth and value.

There comes a point when entrepreneurs and founders have to shift their approach to leadership though, by appointing people to manage those tasks, and in turn inspire others themselves.

There is a saying from Warren Buffett I refer to quite often: “One of the best things you can do in life is to surround yourself with people who are better than you.”

Don’t make the mistake of shutting people out of your vision. Instead, empower your team and you are likely to see more leaders rise from your ranks to further your success, ultimately creating more jobs in the future.

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