Entrepreneurial employees will have a go at most things.
The importance of finding and retaining entrepreneurial employees
The kind of people you hire can make or break your business. The ideal employee does not have to be an entrepreneur, but it will help your organisation if you have some in the mix.
An entrepreneurial employee is much more than someone who simply shows up on time, follows directions, and exhibits desirable character traits. Here are some important considerations.
Entrepreneurial thinking can strengthen businesses. non-profits and even reinvigorate entire communities. Globalisation of new technologies and different ways of doing business are all having an impact on everyone. For those with an entrepreneurial mindset, the changes signal opportunity rather than the threat of decline.
We’re living in a new era where old methods of doing business are no longer delivering the outcomes everyone wants. The entrepreneurial spirit embodies the essence of a solution based perspective. It is about cultivating new ways of doing things rather than doing things the way they have always been done. It requires more collaboration, cooperation and encouragement of the freedom of expression.
Entrepreneurial employees are innovators
Employees who have an entrepreneurial mindset don’t just do their jobs; they look for ways to do their jobs more efficiently and effectively. They proactively engage in creative problem-solving and decision making.
In some cases, they can contribute significantly to innovation and growth by creating an entirely new product line. At the very least they will help you to encourage and motivate other people in your organisation.
Strong leadership is critical if your vision of a transformed organisation is to be realised. Not all employees begin their career with thoughts of becoming an entrepreneurial leader. But if you don’t encourage those who do you will be subjected to constant worry about them. Stay close and work together to achieve each other’s goals and aspirations.
Entrepreneurial employees are results-oriented
Entrepreneurial employees are not people who simply do as they are told and stick rigidly to their job descriptions. They are the can-do and go-to employees or volunteers. They want to see the fruits of their labour and are outcome driven. As a result, they accomplish more than what’s expected of them.
Entrepreneurial employees act like business partners. If you have an entrepreneur on your team, then you have someone who is looking out for your interests, as they take more ownership of their role and are continually striving for improved performance.
They exercise more care when performing their day-to-day duties. They’re also mindful of the organisation’s overall performance and do what they can to contribute to making the business more successful
Entrepreneurial employees take more calculated chances
Even though entrepreneurs are not great risk takers they will always analyse the risks more than most, before they take action. It pays to understand and appreciate the willingness of an employee to take chances and back their own judgement.
Entrepreneurial employees aren’t afraid to innovate. The fear of failure does not prevent them trying new approaches or tackling the businesses challenges that others may be unwilling to tackle.
Beware, if you have an entrepreneurial employee and you don’t meet their expectations, they will become frustrated and leave. While money is important it is not their driving force, unbridled achievement is what motivates them.
“I had failed on an epic scale. An exceptionally short-lived marriage had imploded, and I was jobless a lone parent, and as poor, as it is possible to be in modern Britain, without being homeless”. J.K Rowling
Encourage entrepreneurial thinking
Want to encourage entrepreneurs out of the staff you already have?
- Ask your employees for advice. If you want your employees to think like entrepreneurs, then treat them like you would a trusted partner.
- Reward entrepreneurial employees with additional responsibility. If they are showing entrepreneurial attributes in their current role, then they’re likely to follow them when they’re given additional responsibility.
- Work with others in your community. In regional, rural and remote areas, entrepreneurial thinking can extend through the whole community. There may be a number of people doing similar things in your community to encourage entrepreneurship. This would mean that everyone could take their ideas further if they worked together.
- Provide the right incentives. Choose carefully the incentives you offer entrepreneurial employees, remember they are not necessarily motivated by money. They will realise that their own success is tied to the success of their work, which encourages entrepreneurial thinking. Allowing them to solve important problems, allowing them to travel for experience and giving them more responsibility are better ways to reward entrepreneurial performance.
There is a common tendency to blame someone or something else for not getting what you want. However, once you truly understand the value of entrepreneurial employees you can change your current struggles into more desired outcomes.
Stop waiting for something else to help you, and your community, look for the help you need from within. Become one of those organisations who help to inspire the next generation of business owners. This may surprise you as it can suddenly attract the right type of employees and volunteers who have previously been so difficult to find.
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The realisation that you and only you are responsible for what you create is an essential component of being an entrepreneur. There is no such thing as a guaranteed income in an entrepreneur’s thinking.
Even though training entrepreneurs is highly likely to encourage them to follow their own initiatives and passions, don’t stop. It is far better to have an entrepreneurial employ for a period of time than to not have one at all.
You will also find that if you have invested in them they will give you plenty of notice before they resign, giving you time to find the right replacement.
Developing new ideas and adapting to change is one thing that will help today’s businesses, non-profits and communities to be successful into the future.