Become an entrepreneur after MBA

A list of some of the major responsibilities an entrepreneur undertakes on daily basis

Unlike popular belief, entrepreneurs have the hardest jobs in the world. After all to start something from scratch and then building it block by block is not an easy task. It requires a strong work ethic, a go-getter attitude and a lot of commitment.

Entrepreneurs wear various hats at the same time and juggle between numerous roles and responsibilities. Some of the most common responsibilities of an entrepreneur are listed below.

Be a leader

An entrepreneur has to assume the role of a leader. At every point in time, you have to be the first one to take the action, to motivate your team in the time of crisis, to make the hard decisions for the betterment of company. Being a leader doesn’t mean that you go on about dictating everyone and assigning the responsibilities to them. You have to remember that, everyone else is going to take only as much interest as you, in developing your project.

Be accountable

You have to be accountable for everything that is happening in your company. Everything from maintaining the finances and accounts to simple admin operations is your responsibility. And by this, I don’t mean that you should run around your office like a maniac and try to do everything by yourself. No, but hiring, training and motivating your staff, to perform all these tasks, is your responsibility.

Be the figurehead

Being a figurehead is different from being a leader. Assuming a leadership role is intrinsic in character, which means that you act as a leader for your employees. But people outside your company are going to associate your company with your name, which makes you a figurehead for your business. Your business is going to be only as credible as you are. People will view your brand/business in the light of your personality. Therefore, it is absolutely imperative that you make a good impression on your consumers.

Be the decision-maker

You probably have heard that with great power comes great responsibility. Since you are the owner of the business, therefore it is you who will be making the final decisions about everything. The success of your business greatly depends on the decisions you take in difficult times. And your responsibility doesn’t finish with making the decisions; you also have to deal with the consequences afterwards.

Entrepreneurs shape the future of an economy and their business can greatly impact the lives of other people. In addition to being responsible for the operations of your business, you should also take the responsibility of the impact your business is having on the society.