As a result they understand their product well but have no idea how many people will want to buy it. Entrepreneurs like to spend most of their energies creating new things rather than manufacturing or selling them, because it's more fun. These business owners would be well advised to hire strong executives to fill these management gaps. Entrepreneurs don't want to take an active role in financial matters. Entrepreneurs are leaders, not managers.
Entrepreneurs have large egos, perceive they are always right, and are generally pig-headed.
Once they have established a position, they resist change. In some cases, they will allow the company to slowly fail rather than admit they might have been wrong. Never look at a failure within a business as not having the capacity to teach. Entrepreneurs of strong character who fail and make it a point to always learn from their mistakes and failures, will be stronger and more successful business people because of those failures. Earliest info on new businesses, homeowners Insurance Center Covering the needs of small business owners Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies.