What is entrepreneur syndrome?

Answer 1

Entrepreneur syndrome,

Entrepreneur syndrome is common where a person who has built a very large and successful business and during the process is forced, by the sheer volume of work, to employ people. The fun starts to go when they become more involved in managing people, dealing with banks and are removed more from the day to day operation of the business. This can create a feeling of loss or irrelevance. Loss, even though they still own the business and are enjoying a well above average income from their success.

Some reconcile themselves with their situation and remain attached but not involved. Other may sell, take the rewards and leave. Many stay and watch the business begin to decline.

This latter group will jump back in and with great vigor begin to rebuilt the business.

When the actions, of this last group, are analyzed we notice two key traits. There are many others but these are the two most prominent.

First they employ the wrong people and get upset when they do not do what they want them to do. Second they sabotage their business by over riding their employee's decisions, making changes to the business without consulting the management, alienating customers and a number of other actions that shrink the size and viability of the business.

In the end of the day they will say something like this. "The business got into trouble because we had the wrong people. I got back in and was successful in re-building it".