The principle of “founder trap” is alive and well, but not only in the small to medium size enterprise (SME) which is the area traditionally thought of when talking about founder trap, but it is alive and well in our not for profit (NFP) space.
When we talk about founder trap, typically we are talking about a trap that many entrepreneurs fall into. It describes the phenomenon where people with good craft skills are successful in growing their enterprise to a point where it requires professional management. The trap that many fall into is assuming that they are equipped to manage such a business despite the lack of education and training in management. This phenomenon is well documented in the literature related to SME’s.
The area where it is not well understood is in the not for profit (NFP) space. Continue reading