Successful entrepreneurs understand the power of collaboration

There’s a lot of anecdotal evidence that supports the idea that women who are open to sharing their knowledge and abilities with others in a real spirit of entrepreneurial collaboration, are more likely to achieve the best results, and a number of scientific studies have backed this idea up. Knowing when to delegate tasks and when to tap the expertise an networks of others is a crucial business skill. It can help women to run their businesses more efficiently and effectively, and enable them to gain a competitive edge over others playing in a similar marketplace. In contrast, constantly trying to be a jack of all trades and micro-manage all aspects of a business can have disastrous consequences in the long-term for any business, as well as causing potentially unmanageable levels of stress and pressure. The best business leaders tend to be those who know how to put a good team together of collaborators and who then go on to make full use of everyone’s talents.