Adding Entrepreneurial Aspects To Your Business
Entrepreneurs are business owners that are not tied to their service or product, but rather, innovation in and of itself. If you are a business owner that is looking for a breakthrough in your business here are some entrepreneurial traits to add to your roster.
Arguably the most important characteristic for an entrepreneur is innovation. Being able to take calculated risks, and being willing to work through the consequences with positive outcomes as well as setbacks is a cornerstone for progress.
One of the best ways to foster inclusion and a positive company culture is through a simple and easy to maneuver company structure. A looser organization style encourages independence and builds clout between seniority levels. Forgo the rigid company hierarchy for a system that allows employees to feel important, valued and well supported.
Everyone is a salesperson. All employees from top to bottom should be so deeply committed to the business’ products or services and be singing its praises if and when given the opportunity. It’s essentially free commercials and endorsements.
Ownership adds a new layer of participation for employees that is often overlooked by many business owners. Giving equity incentives is an amazing way to create clout and trust, adding a deeper sense of responsibility and investment.
Properly trained employees by virtue should have the ability to make decisions regarding their work. Micromanagement and lack of trust can very quickly deteriorate relationships in the workplace. Set your employees for success and then give them the opportunities to grow and learn at their own pace.
Open door policies are one of the pillars of successful entrepreneurial endeavors. Set an example for giving and receiving feedback with positive communication styles.