An entrepreneurial Mindset is like a "secret ingredient" in the "success recipe" for your life, careers and businesses.
An entrepreneurial mindset is one of the X factors that contributes to great achievement of successful people, and yet it was not commonly mentioned in their success stories.
If you are an employer or HR practitioner, you may consider more consciously looking out for this quality in your candidates and employees as these people can do wonder for your company.
What is an "Entrepreneurial Mindset"?
Entrepreneurial Mindset is the ownership attitude that is inbuilt in vital people who take full ownership and responsibilities of situations that happen to them or even to people around them by being commited to do what it takes to make things happen. If something goes wrong, these people will be focusing on solving the problems rather than looking for someone or other external factors to blame on.
People with a entrepreneurial mindset are the ones who often come up with a lot of good ideas, effective solutions to problems, feasible action plans and continuous improvement projects.
Just imagine, if you have many high performing employees who care and treat your company like their own, you will have more people whom you can trust to help you run your business, and your business will be well taken care of even when you are away from the office. As a business owner, you can then afford to become a "pilot" flying with the auto-pilot mode on.
If you have managed to have some entrepreneurial minded employees, you are lucky. If not, it is also possible to train your employees to exercise their entrepreneurial mindset.
For instance, if they are asking for your decision on something, you may encourage them to try to think from the perspective of a business owner, and let them propose the solution/decision to you with the reasons why.
Another way is to always train your employees' way of thinking with the "why" when you teach them on how to do something or when you guide them on how to handle a situation. When they can understand your decision-making rationale, they will be able to apply your decision-making concept to a similar situation in the future.
Bear in mind that nowadays highly capable employees are not meant to be hired for their ability to strictly follow instruction, but they are meant to be hired for their deep expertise and ability to add value to your company and business.
Do tap on to your employees' expertise and knowledge before imposing a new idea, assigning them a new project or offering them a solution to a problem, you never know sometimes your employees may have a better idea to share.
Author: Natalie Guo