The entrepreneurs born with these management skills come from a rare breed of people with intelligence, great heart, and creative skills.
They are visionary and self-confident, good communicators with unlimited energy, and have a strong passion for what they do. Fortunately for those of you who were not born blessed with these skills running through your blood, i know that the most critical skills in launching and running a new venture can be learned.
Entrepreneurs are directly involved in the dynamic, and very complex, interrelationship between financial management and business strategy. This is the significant difference that sets entrepreneurial management apart from all business management practices. In almost all cases, the person making the decisions has personal risk at stake.The worst-case scenario for folks “at work” is getting fired.
The worst case for entrepreneurs is losing their home, personal credit, and lifestyle, as well as the destruction of family relationships.It is important to understand the construct of risk and uncertainty. Businesses have always faced risks. As i discussed in another paper, recent events around the world in the last few years have provided dramatic evidence that, in today’s business world, risk is now a reality.
source
http://blog.gcase.org/2011/10/24/what-is-entrepreneurial-managment/
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