Entrepreneurship within an organisation does not necessarily refer to the start-up of a new company. It can also point to the potential start-up of drive and innovation or venture that affects positive change within a company.
Acknowledging that employees have goals and dreams, and supporting the cultivation of those dreams, benefits the employee and the employer. Upskilling and reskilling your staff ties well into getting them to identify their own potential and motivating your employees to take on their responsibilities with a sense of innovation and purpose.
To continually progress, companies need entrepreneurial minds at all levels of the organization. To achieve this, however, employees must feel that they are in an environment that values entrepreneurial, out-of-the box thinking.
1. Develop a mantra to encourage entrepreneurship
Employers need to encourage employees to upskill and reskill themselves to adapt to changing times and changing work environments.
2. Create a bond between employees and the company
This must be driven from the top at a senior level. The vision and strategic direction of the company is important for people to feel comfortable in their roles.
3. Don’t dismiss mistakes, but let people take accountability, and learn from it
Measure, adapt and improve where necessary.
4. Promote ‘intrapreneurship’
Each employee must fully believe in his/her value to move new ideas forward, and also take personal responsibility to see projects through to completion.
5. Pursue passions in and out of the company
Personal interests are important. People need to be passionate about things outside of work. Personal achievements create a good balance.
6. Entrepreneurship is a mindset
Company leaders can encourage this type of thinking by simply allowing their people the space to try new ideas and provide them with resources to see it through.
7. Recognise and reward.
Rewarding an employee for working hard goes a long way.
8. Build personal brands
Employers need to understand the skills roadmap that can potentially guarantee future success within the workforce.
9. Avoid micro managing
Micro managing may lead to a suppression of creativity and employee burnout. Managing from a distance is super important to encourage leadership inside your business.
10. Space, time, and stability
To balance work responsibilities during uncertain economic times, employees need space, time and stability to ensure adequate mental health and effective time management.
2021 is the year to focus on improving past systems and structures. There has never been a better time to adjust your previous way of doing business to an entrepreneurial mindset. Create entrepreneurs within your company and create a set of perspectives and values that allow them to achieve greatness.
Read more here on how Summit aims to motivate CEOs to upskill their staff to create an environment of innovation in the workplace. Read More
