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July 18, 2019

Developing an Entrepreneurial Mindset Throughout Your Company

One of the best things about entrepreneurial business owners is their attitude toward their work. You’ll never hear a business owner say, “That’s not my job.” If it needs doing, they figure out how to get it done. Promoting that type of entrepreneurial mindset in the staff of your own company has distinct advantages. It can give you an edge over your competitors, help improve your products or processes, and attract new customers and retain quality employees.

So what is an entrepreneurial mindset? It is the shift from being reactive to being proactive. People with this mentality are continuously generating new ideas, always strategizing ways to find growth, and they are creative problem solvers. They want to work smarter, serve customers better, and they take the initiative to put their ideas into action. Doesn’t that sound like a great attitude for a team to have?

There are huge benefits to developing an entrepreneurial mindset among your staff. Great ideas can come from anywhere, not just C-level management. In fact, having your “boots on the ground” employees come up with ideas that can streamline workflows, improve customer service, or work out the kinks in your processes is a great practice for achieving success. And think of all the problem-solving management does on a day-to-day basis. Imagine if you could increase the number of employees who are invested in and dedicated to solving both your toughest and most mundane organizational issues.

It can be a challenge for some to overcome the “just an employee” mentality, so how can you encourage an entrepreneurial mindset? The most important thing to do is ensure your company culture is accepting of challenges to the status quo, questions about processes and presumptions, and rethinking how things are done. You also need to let employees make decisions without micromanaging every step they take. By building their confidence in their decision-making abilities, you will encourage them to make bigger decisions on their own and embrace the ownership that comes with it. If you create an environment that is safe for new ideas, you’ll be surprised at how many you find.

Employees with an entrepreneurial mindset can be a large part of your formula for success. If you see someone who shows exceptional entrepreneurial spirit, mentor them and let them develop and submit ideas for improvements. They can be an example to others and may even inspire their coworkers. Their resourcefulness and innovation can contribute significantly to the strategic and economic growth of your organization.

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