CHAPTER 9Developing Future Leadership

The entrepreneurial ventures that grow into multimillion‐dollar businesses usually are founded by one person, or perhaps a couple of family members from one or two generations. The founders are the natural leaders of an enterprise built on their dreams, ideas, and sweat. However, the qualities that make for great entrepreneurs often are not the attributes that sustain a fortune, a family, or even a business through multiple generations.

Open almost any list that details the traits shared by entrepreneurs and you'll find characteristics such as passion, tolerance for risk and uncertainty, creativity and open‐mindedness, goal direction, hands‐on management style, and commitment to the business.

In general, ...

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