Being an Entrepreneur

What takes up to being an Entrepreneur?
Five keys ways to unleash the hidden potential for innovative thinking in your business and achieve high levels of success.

THINK TWO GENERATIONS AHEAD:
Envision your company 50 or even 100 years from now, even if you don’t foresee your product or service lasting that long. Such forward-looking reflection creates an umbrella for long-term innovation to occur. Working back from your 50 or 100 year vision plan in 10 year increments, ask and answer the critical “who, when, what, where, why and how” questions about your business. For instance, who will be your target demographic; what will your core products and business focus be; where will be your office and facilities are located; when will key business milestones be achieved. Why will your business matter 10, 15 or 50 years from now and how are you going to achieve your business goals.

CONFRONT & PARTNER WITH THE UNCONSCIOUS:
Experts suggest that of all the experiences, knowledge and data stored in our minds, we are only “conscious” of and actively use just 10% of it. The other 90% resides in our “unconscious”- it’s this part of our mind we can tap into for valuable some aspect of your leadership process that you want to improve. The more you write about a problem, the more you will tap your unconscious for innovative ideas solving it.

AIM TO INCREASE ENERGY, NOT JUST EFFICIENCY:
Do a quick energy audit of your employees to understand what energizes them and fuels their personal growth. If you understand what energizes them, you’ll be able to implement actions that motivate your employees and increase productivity. Ask every employee to identify the three things that energize him or her most about their jobs. Also ask them to identify the things they’re not currently doing that would energize them. Then match your employees to the energizing activities that best fit their talents and skills and needs. Also ask your staff to identify the three things that steal their energy. Help your management tam reduce the activities that de-energize the workplace.

ESTABLISH THE FREEDOM TO INNOVATE:
Creativity drives change. So tap into your employees’ intuitive side by ritualizing “ingenuity time” on the job. Utilizing creative techniques can often help people see issues more clearly. Set aside enough money for your team to compete for an industry related contest. It will keep your top people on their toes. Encourage people to draw a diagram or depiction of their business problem or challenge in the form of a character or situation. Then ask that they sketch the conclusion they envision that would resolve the matter. Seeing their problem put to life often helps people envision the best solution.

START TAKING RESPONSIBILITY:
Any problem you are directly involved and which you wish to solve required reflection on your role and responsibilities related to that problem. While you may not be the primary cause of the problem, reflecting on your role will help you better understand and acknowledge how you may have contributed to it. When you have a problem employee, start the fix by asking yourself: “What changes do I have to make in myself to help this person perform better?” You may not always identify something that need changing, but the mere matter of asking and spending some time on reflecting will make you a better leader.
Source: www.entrepreneur.com; www.economictimes.com ;www.google.com