Recently, I encountered a compelling case involving two women with 25 years of experience leading prominent brands. Despite their extensive knowledge, clear vision, and sufficient financial resources, they faced significant challenges as they ventured into corporate entrepreneurship.
Their main issues were a lack of business acumen and a reluctance to shift their mindset from that of managerial employees to that of entrepreneurial leaders. Their focus on managing expenses rather than driving sales led to a rapid erosion of capital and reliance on loans from friends and family. This misalignment ultimately resulted in internal conflicts and a strained partnership.
This experience underscores the critical importance of business acumen and adaptability in entrepreneurship, regardless of past professional achievements.
