Related to the general thesis that different situations call for different leadership skills and orientations, this article focuses upon the changing leadership needs of one type of political party ‐ the ‘entrepreneurial issue party’ ‐ as it matures from birth to institutionalisation. Drawing upon relevant literature on leadership of revolutions, leadership of social movements, leadership of organisations, and leadership generally, the authors present empirical evidence for the argument that different leadership needs exist at three stages of party development: the periods of identification, organisation, and stabilisation. Related propositions are addressed from the experiences of entrepreneurial parties in Denmark and Norway.