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Welcome to SkillHub Management

Established in 2008, SkillHub Management has stayed as one of the premier in Singapore and specialised in professional and management development training, business management and consultancy services. SkillHub Management provides the business training to turn job seekers into professional entrepreneurs. An entrepreneur has a dream. Skill, hard work, and luck turn that dream into a business success. At some point, as the company grows and matures, the founder faces a decision - should he/she continue to manage the company or stay with the dream.

Should the founder continue with entrepreneurial management or is it time to engage professional managers so the founder can devote more time to the company’s core idea? It is a question that must continue to be faced as the company continues to grow.

When To Give Up Control
When is the right time for the founder to relinquish control of his dream to a professional? Some would have you believe it has to happen as soon as the founder begins to look for outside capital. Others would have you believe it is never the right time.

The Professional Management defines entrepreneur as “one who organizes, manages, and assumes the risks of a business or enterprise” and manager as “one that manages: as a : a person who conducts business or household affairs or b : a person whose work or profession is management”.

As you can see from those definitions, there is a lot of overlap between the two. That’s what makes the decision so hard. Many entrepreneurs are excellent managers. Often the founder’s decision to manage the company or “manage the dream” is a win in either case for the company. In many cases, the decision hinges on the founder’s definition of success. Does the founder want to grow the company into the biggest enterprise in its industry? Or would the founder rather limit growth to something that provides simply a good income and allows him/her to retain full control of the company and its goals and direction?

A tough choice
It is tough for any entrepreneur to decide when, or whether, to relinquish control of their dream for the growth and freedom a professional management team can bring to their company. If you have made the choice, let us know how you decided, and when. If you are facing the decision, post your situation on our blog, and see what guidance your peers can give you.