The one thing that a business owner wants from its staff is to come up with innovative ideas and execute them in a way that takes the business a notch higher.
But how often does that happen?
The answer to the above solution lies essentially in the work culture of a company and the opportunities being provided to them. However, if this isn’t the case, push employees to start thinking like entrepreneurs.
The growth of your company depends directly on the credibility, innovation, and the ability to challenge the status quo of employees. The more daring and accountable they are, more is the likelihood of your business getting an edge over others.
Successful company owners are always on a lookout for employees who possess a burning desire to innovate and aggression to pursue their passion(s). Employees with an entrepreneurial streak often turn out to be a great asset for a company.
When you encourage employees to start thinking like an entrepreneur, you are making them more responsible and accountable for their work. On the top of it, you encourage them to think out-of-the-box and come up with fresh ideas, approaches, and techniques to work.
Super-powerful tech giant Adobe has an interesting way to let employees present their ideas, product, and innovations to a large audience at their yearly conference - Adobe Summit.
Once it is done, comes the real feedback from real people as they vote for their favorite product at the end of the conference. Adobe needs a round of applause for at least coming up with something like this.
The way Adobe has embraced the entrepreneurial spirit across employees and is taking it further speaks the need for other businesses to replicate the same.
In fact, it’s a great way to boost morale and productivity within an organization. When employees are made to think and act like founders or owners, they treat their job in the same way as any business owner would do. Eventually, rational choices lead to increased profits.
Down below are some practical ways to instill the entrepreneurial mindset amongemployees.
Make employees listen to famous entrepreneurs such as Jeff Bezos, Bill Gates and Carlos Slim to make them learn how to put across their point clearly among others. The moment they let go of their hesitation to speak up, you might hear some innovative ideas and approaches from them.
If they aren’t speaking much at meetings, ask questions and encourage them to speak up. Speaking your mind without any fear of judgment is how entrepreneurs give voice to their ideas.
You have to allow them to enter unchartered territories and take risks. If they’re willing to take extra responsibilities, show them your support and trust. Let them take on challenging stuff and appreciate them for attempting something like this.
Taking risks is the second nature of entrepreneurs. If you really want to push employees to think and act like real entrepreneurs, let them take risks and allow them to fail.
Sometimes, the best you can do is to get up and show how things are done. Employees often follow the footsteps of their seniors, managers, and bosses. If they don’t have someone to look up to, they might get delusional about many things.
Make sure you embody all the necessary characteristics of that of an entrepreneur you’d like to see in your staff. Become a mentor to them. Let them know of your productivity secrets. Introduce them to project management tools you use to manage work and stay on track.
It’s not a cakewalk to grow and develop talent as not everyone would be willing to walk on that uncomfortable path. Spend some time knowing your team members, their strength and weaknesses. Know which entrepreneurial skill they need to possess to become a better asset. Use effective communication and see them bloom into entrepreneurs and kicking some ass.
Vartika is the Chief Marketing Officer at ProofHub. She has 6 Years experience in online digital marketing, brand optimization and SEO along with social media marketing and email marketing strategies. Vartika holds an MBA in Finance (Banking) & Marketing from the IBS Hyderabad.