Tuesday, February 22, 2011

 

Stand Out As An Entrepreneur

Your mindset is what you think and the way you think. As a mindset, mood, motivation expert and author no one is smarter than you and you are no smarter than anyone else. What makes us well versed in an area are our knowledge, expertise, relationships, and experiences.

What makes entrepreneurs stand out is the practical application of knowledge, expertise, relationships, and experiences. This is called an entrepreneurial mindset. An entrepreneur and business owner differentiates themself with this trait. In order to grow we have to go from a fixed mindset and into an entrepreneurial (grow) mindset. Why? Because eventually the growth you may be experiencing in a fixed mindset becomes exhausted and unless you can find additional applications for your services and products there will be declining business and margins.

Dr. Carol Dweck, a Stanford university researcher, professor, and psychologist wrote the book, Mindset. She describes the characteristics of a fixed mindset and a growth mindset. How do we go from a fixed mindset cross the bridge into a grow mindset? My mindset tool you can use to go from a fixed mindset to a grow mindset is called an adaptability link. There are four types of adaptability links:

1. Learning is the catalyst for positive change.
Learning comes in many forms. It can come from school, books, professional speaker programs, cds, and dvds, training, watching an interview, and through conversation.

2. The people you meet and the relationships you form.
Identify people you can serve, those you can network with, or use their services and products to make your services and products more competitive.

3. Through other peoples experiences
We gain insights and tips to adapt and model their experiences to our situation. Everything not attributed to nature a person or group of people created.

4. Your experiences
Be productive and creative to produce practical applications.

For each adaptability link above, list examples relevant to what you are working on. If you are not able to, you need to motivate yourself to find examples. What are you doing to apply them to your efforts to produce a practical service or product? One people will buy because they like, need, or want it. Invest in the four types of adaptability links for a return on investment. The practical application of knowledge, expertise, relationships, and experiences determines the level of your entrepreneurial success.

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Thursday, April 08, 2010

 

Corporate Entrepreneurship

Corporations are a vital part of an economy. So are foundations, government, and faith based initiatives. In corporations employees are starving for a new direction to create a new economy and adapt. Corporations are largely responsible for more business transparency because of the push for information technology (IT) and access to relevant information. Look at what information can be gathered from a Google search and now we can go directly to the consumer via Twitter and most importantly made our voices heard to produce positive change.

If you’re in a corporation trying to catch the next trend, then see what you think of this approach. Instill corporate entrepreneurship by:

1. Find Your Entrepreneurial Spirit

Answer the following questions:
Have you created anything new, improved a service or process to get work and get it done better? Are your employees excited like kids or dragging in with a bewildered look? Are you proactive in your industry or reactive? Do your employees even know what to do with an idea and how it flows through your organization? Are you finding the right partnerships to serve the marketplace in a unique and better way? Are you creating new relationships and do you really understand how to grow an idea and what it takes to germinate?

2. Maintain a Winning Mental Mindset

Employees need to know and believe what they are doing really makes a positive difference. They are more interested in having serious fun at work hundreds of days a year versus the weeks of vacation they receive. Work on instilling the mental motivation skills so your employees can be proud of the work they do to compete in a capitalistic marketplace. Put winning back into the workplace culture. More successes increases confidence and builds a foundation for mental motivation skills through confidence. This acts as a resource to grab from to create more successes. Increasing your employees’ mental motivation skills to learn at another New Best Level is the fastest way for performance improvement to grow, profit, and evolve.

3. Use Leadership Teamwork

The top down structure of leadership has been diminishing more and more and this will continue because of the will of the people and technology. Sure, for every decision there is a decision maker or group of decision makers. As a decision maker or non-decision maker are you involved in facilitated sessions or retreats to help decipher what your team really wants, prioritize, and produce goals and metrics? My research indicates that the majority of employees want to be on a team. However, the dynamics of a team are missing because they are not empowered to input for various reasons. Therefore, they feel isolated and this disrupts their mindset by putting their thinking in a rut. Sure, they can be fired but isn’t the purpose of a corporation to develop and grow each employee as an individual with unique talents and skills as well as a teammate. You’ll be surprised that instead of handling moral and attitude issues they will be forcing you to look at ways for you as a leader to grow, distribute, and incentize them to make your job easier and corporation more productive and profitable. Empowerment is not a buzzword. It is real and if you are willing to garner its creative force it will create the excitement you are looking for as a leader, boss, and employee.

Your clients will see the difference in your work and offerings. Spruce up your entrepreneurial spirit, winning mental mindset, and leadership teamwork on a regular basis. It’s not a one shot deal. You’ll have more serious fun. It just takes investment of work, time, and money. That’s real good because you receive a return on investment. It will make the hundreds of days at work just as exciting as those vacation days unless, of course, you’re going on an all expenses paid trip to Hawaii.

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