Part of being a strong entrepreneur is having a healthy Ego but the Ego gets in the way of many decisions (often the bad ones). In this case, it will certainly have an impact on the decision to “hang on”. Recognizing this and treading the fine line between pride and ego will dictate what the best decision is and put the entrepreneur in a better state of mind for the second round.
From the book BusinessThink
Here is a way of analyzing if your Ego is in the way
Warning signs:
Showcasing your brilliance
Seeking approval: Do you give the unvarnished truth?
Being defensive: Do you present your solutions as Hypothesis or facts ?
An Ego will:
1- Magnify information to get more meaning
2- Filter: discard information contrary to your position
3-Alter: Adjust information to validate your position
4-Fabricate: Information that suits your need
the Ego Test
- When someone is giving me constructive feedback I get defensive
- I often interrupt people because their point is irrelevant or inferior. I get uptight around people who are more powerful
- I’m afraid to share candid thoughts for fear others may not agree
- I spend more time talking than listening
- I perceive people surrounding me as bosses or employees more than colleagues
- When someone challenges my idea, I take it personally
- I am surprised when people don’t agree with me
- I sollicit feedback with the intent of hearing them talk favorably about me
Hi Alain,
You have never said it so true. It is a fact that as long as entrepreneurs let their egos get in the way, they will never obtain the results that they want. Since they are always looking for people to tell them the “truth” that they want to hear, they will never really have access to the real facts and it is crucial that they know, at all times, what is going on or how can they foresee any kind of negative situation that is coming their way. The truth is not always a “bad thing” but many people do not like to hear it because it does not always validate the position that they have adopted.
The most successful people have learned to “get their egos out of the way” in order to get the job done and reap the rewards.
Will you be suggesting, in future blogs, ways or exercises to “get the ego out of the way”?
It should make for very interesting reading.
Thank you,
Linda
[...] are in our current life. At some point, we also have bigger or smaller egos. See this article Ego and decisions from Startupcoaching. Possibly related posts: (automatically generated)Welcome to the Joy and [...]