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Founder's Journal

How to Start Building #6: The Evolution of an Entrepreneur

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 29 October 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Welcome to the 6th and final installment of our How to Start Building miniseries. In this episode I breakdown the skills entrepreneurs must adapt over the life of their business. Check out the full transcript at https://foundersjournal.morningbrew.com to learn more, and if you have any ideas for our show, email me at alex@morningbrew.com or my DMs are open @businessbarista Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everyone? This is Alex Lieberman, co-founder and executive chairman of Morning Brew.

0:05.9

Welcome back to Founders Journal, my personal audio diary, where I give you the business builder,

0:12.0

the tools you need to think better in order to build better, whether that's building a business,

0:17.5

a team, or a new product. So you're listening to the sixth episode of our How to Start Building

0:23.4

mini-series that is focused on how to turn your business ideas into a reality. If you're not caught

0:29.7

go back and listen to the five previous episodes that are all part of the series this week.

0:35.0

Today I am talking about the evolution of an entrepreneur. This is for anyone that's building

0:41.2

a new product or a business either as a standalone startup or as a side project or a business

0:48.3

within a larger company. Let's hop into it. If you are going to be an entrepreneur or an entrepreneur,

0:58.5

you have signed up to be a builder. You will always be a builder, but assuming you find success,

1:05.0

what you are building changes. And that means the skills you need to build successfully and the

1:11.6

interests you have to stay engaged with what you're building needs to change as well. And so I

1:17.8

generally bucket the job of the entrepreneur or the entrepreneur in two ways or two parts of

1:23.9

the life cycle. Chapter one of an entrepreneur is what I call the doer in chief. And chapter two

1:31.2

of an entrepreneur is what I call the delegator in chief. What you will find when building anything

1:38.0

and I definitely found this in Building Morning Brew is that the skills and interests of the doer

1:43.3

in chief and the delegator in chief are not only very different, but they're often at odds or

1:49.4

experience tension with one another. And in order to do a good job as a delegator in chief,

1:55.1

chapter two, you need to unlearn many of the priorities and skills that were essential for you

2:01.2

to be successful as the doer in chief. For some entrepreneurs, they both enjoy and are great at

2:07.5

evolving from doer to delegator. And for others, they are either unable to or don't have an

2:13.2

interest in that evolution. So now what I want to do is break down how the focus, the skills,

...

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