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Entrepreneurship

Delegate Meaning and Techniques

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Delegate Meaning and Techniques

The word “delegate” comes from Latin de-legare which literally means “send with a task”. Nowadays more commonly defined as the act of entrusting a task to another person (generally less senior). As such, the delegation act implies a trust relationship between two people in which one person gives a task to the other one. Hence, only when a trust relationship is established between the two parties then an act of delegation might happen. It is very important to underline the trust factor as this is the main difference between the act of delegation and the act of assigning a work/task. Delegation means sharing authority, responsibility and accountability.

Then why do we need to delegate? And when and what do we need to delegate? There are essentially two reasons why people should delegate: either because lack of time or because other people might do the work better (or faster or cheaper). This is valid for both personal life and in business. Mastering the different delegation techniques can even be instrumental for the success of a person no matter of how he/she defines it.

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Characteristics of an entrepreneur

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Characteristics of an entrepreneur

“Entrepreneur is not a title but a mindset. It requires a good dose of madness for an incredibly rewarding life” said Vincenzo Carrara, CEO of Todd & Marlon LLC.  The successful entrepreneurs have an Entrepreneurial Spirit which is generally defined as the attitude to pro-actively seeks out change and challenges the status quo. However, the entrepreneurial spirit is only one of the many characteristics of the entrepreneurs. So what are the most common traits of an entrepreneur? And is the entrepreneurial spirit ‘condicio sine qua non’ for becoming a successful entrepreneur?

Often entrepreneurs believe they are wired differently from other business people. They believe their way to think and function is totally different and that entrepreneurs are born with this mindset. They recognize many characteristics that confederate the entrepreneurs under the same umbrella – some traits are common to other business people but the combination of all those characteristics is what sets the entrepreneurs apart. In the following section we underline the top ten traits.

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