When Randy Nelson was in the Navy, he had to complete a series of exams before he was allowed to lead a submarine team. He qualified to be a leader. But he says the scariest thing about entrepreneurship is how there isn’t really a qualification. You just file the paperwork and jump in. As one of the founding members of the Raleigh-Durham, North Carolina chapter of the Entrepreneurs’ Organization, Nelson witnessed unprepared entrepreneurs lead some of the almost 70 percent of businesses that fail in the first 10 years. Now the author, speaker, business coach and founder of Gold Dolphins LLC, an executive coaching, mentoring and consulting company based in Clayton, North Carolina, is committed to creating entrepreneurial leaders.
“Entrepreneurship on its own is not enough. Leadership on its own is not enough. The two combined are powerful and more than capable of turning the failure rate around in the entrepreneurial community. Every company would benefit by having a greater capacity for both entrepreneurship and leadership in their organization.”
This article originally appeared in the June 2017 issue of SUCCESS magazine.