#11) A Leader by Example
Entrepreneurs not only lead themselves through self-motivation as self-starters who jump into tasks with
enthusiasm, but they are also skilled at leading others. They know the importance of teamwork, and they understand
the need to appreciate others, support them, and reward them accordingly. True leaders do not become
indispensable, otherwise things fall apart in their absence and they can never rise to the highest level of
entrepreneurial freedom and prosperity. Neither do they squander the potential of those working under their
guidance. As renowned business consultant and retired United States Air Force Major General Perry M. Smith once
wrote, “Leaders who share their power and their time can accomplish extraordinary things. The best leaders
understand that leadership is the liberation of talent; hence they gain power not only by constantly giving it away,
but also by not grabbing it back.”
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