⚡ Get All Content for 20% Off ⚡

Should You Be the Leader of Your Small Business? Some entrepreneurs are born to start businesses, but not all of them can inspire greatness in the ranks. Here's how to tell if you're really cut out for leadership.

By Carol Tice

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Should You Be the Leader of Your Small Business?Some entrepreneurs are born to start businesses -- often more than one. But not all of these idea people really want to lead a company. They simply don't have the leadership traits that would make them the best choice to head the company, especially as it grows larger. That's why so many founders are replaced before a company goes public -- investors want to know that a vibrant, inspiring figure whose core competency is leadership will be there to drive growth.

It's common for founders to step back from being CEO and take on some other role -- common titles for founders who have stepped away from the top spot include chief technology officer, board director, chief operating officer or research and development director. Some people are full of creative spark and have a passion for coming up with new concepts or for marketing their idea. Others love to lead teams of people and inspire them to do their best.

But rarely do these two innate drives reside in one person. Many entrepreneurs cling to leadership simply because they fear the loss of control, even though their business would be better off if they brought a passionate leader to the helm and focused on the part of the business they love.

So how do you know if you should lead your business? Here are some questions you should ask yourself:

  • Do you get a bigger thrill out of energizing workers and seeing your employees succeed than you do when you are successful yourself?
  • Do you feel that you wouldn't know what to do with yourself if you weren't heading the company?
  • Do you know instinctively what you want to do when confronted with managerial problems such as a team that has failed?
  • Do you feel compelled to lead? Dave Logan, a management consultant and an associate dean at the University of Southern California's Marshall School of Business, recently wrote, if you feel you could do no other job,that's a strong sign you have the drive to continue leading your business to success.

On the flip side, if managerial tasks bore you, and you find yourself wishing you could get back to the lab/computer/workbench to tinker, your company might be better off without you at the top.

Do you feel driven to lead your business? Leave a comment and tell us if you'd rather take another role.

Carol Tice

Owner of Make a Living Writing

Longtime Seattle business writer Carol Tice has written for Entrepreneur, Forbes, Delta Sky and many more. She writes the award-winning Make a Living Writing blog. Her new ebook for Oberlo is Crowdfunding for Entrepreneurs.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Business News

Costco CFO Reveals Uncertain Fate of $1.50 Hot Dog and Soda Combo

CFO Richard Galanti reveals that the price will stay the same — but only "for a while."

Business News

The Most Unexpectedly Popular Side Hustle of the Decade Has Low Startup Costs and High Markups

A new report shows that vending machines are a popular investment — and the industry is set to grow up to $3 billion by 2031.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.