Innovator versus Executive Entrepreneurs - by Ravi Patel

 

Entrepreneurs generally start businesses as they have ideas and expertise that they want to commericalize for profit. Some of these ideas are innovative and involve technological or biological advances of a break-through nature. Others might be related to new or proprietary ways of doing things.

 

Some Entrepreneurs might be innovators and they have a life long pursuit of developing something new all the time. However, they might not have the executive capabilities to successfully implement the business strategy to commercialize their ideas.

 

Entrepreneurs who are innovators at heart might want to bring in CEOs to help them achieve the business potential of their ideas. Clinging to the CEO role, while totally focusing on being an innovator, might leave the company short of meeting its revenue and profit potential.

 

Recent Tweets