The entrepreneurial spirit is a top characteristic of desirable team members. Those who have it push themselves to achieve more and do things faster. What is the entrepreneurial spirit? It is having a development-oriented mindset. When you have this type of spirit, you know that your skills can be improved and perfected. People who have a development mindset keep their attention on learning. This means that they don’t focus on whether they can do something. Instead, they focus on growing and improving.
Do you have the entrepreneurship spirit? Here are six characteristics of people who usually do.
1. They’ve Discovered a True Passion
Consider the last time you talked to someone who was passionate about something. Regardless of whether you were interested in what they were telling you, it’s likely that they were speaking with conviction and genuine enthusiasm. This alone can captivate others.
When someone is passionate about something, they learn everything they can about the subject and gain an in-depth understanding of it.
Hiring people who are passionate will give your company the best chance of success. The reason for this is that they are always looking for a better way to do things. This comes with the benefit of efficiency, which will help your company see higher profits.
The brain is a complex organ, one with 100 billion neurons that are capable of continuous learning. When you learn more information and apply it to something practical, you’ll increase your intelligence, ability to adapt and resourcefulness.
2. They are Mainly Optimistic
People who are natural entrepreneurs are generally optimistic. They don’t waste time thinking up reasons why they can’t do something. Instead, they come up with ways that make it possible. When starting something new, the chances of being successful are usually against you. This is when an optimistic attitude is most needed.
If you’re hiring people with the entrepreneurial mindset, keep an eye out for job seekers who become excited when you mention tough challenges and major goals. These are the employees who will search for new and better ways to do things.
To encourage your current staff toward the entrepreneurial mindset, make sure that your team goals are clear and reachable. Also, stay current on your field’s best practices. Review what others in your industry are doing. Then, release conventional thinking and focus on creativity. It’s okay to let things become messy and chaotic for a bit.
3. They Have a Fear of Failing Financially
People who have entrepreneurial thinking fear financial failure. They’ll pinch pennies and create new ways to recycle to keep their businesses in operation. This characteristic can help your company trim its overhead, increasing profits.
How is it that some people easily overcome challenges while you might struggle?
4. They are Willing to Take Risks
Not only are people with the entrepreneurial mindset optimistic, but they are also willing to take risks. This doesn’t mean that they take action without considering the potential consequences. Instead, they take planned steps while knowing that they are not guaranteed success.
People with this mindset also know how to work on their own and are generally resolute about making decisions. In the past, the term “entrepreneur” typically referred to someone who started a company or developed a new business. Today, according to Forbes, most professionals consider an entrepreneur to be a person “who sees opportunities and pursues them.” The financial journal also posted that 58% of millennials think of themselves as entrepreneurs.
5. They Follow Through
People with entrepreneurial thinking follow through on their ideas. They take their ideas out for a test drive to get in-person feedback and determine whether their plans work as intended. When it comes to team members, you’ll want to look for those who execute their ideas regardless of the situation.
6. They Make Things Fun
Those who are natural entrepreneurs make things fun. When an environment is safe and fun, it automatically engages the brain. This helps your staff relax. It also relieves stress. Put people in charge who tend to make work fun and productive. Doing so is likely to create a work environment that people enjoy. A happy staff is a more ingenious one.
How Can You Develop the Entrepreneurial Spirit?
Six steps can help you foster the entrepreneurial spirit for yourself and your team. The first step is to consider life and opportunities from the viewpoint of a coworker, client, friend or even your child. This will allow you to experience life from a new perspective. Entrepreneurs generally try to see things from the perspective of a customer. For instance, they’ll consider how a customer would use a product or a service.
The next step is to go for it. Ignore the desire to do everything properly. Instead, take a leap and let yourself try. When you encourage your staff to try, they’ll be more creative and likely more productive.
Step three is to collaborate. Encourage your people to share their ideas and welcome the suggestions of others.
The fourth step to developing an entrepreneurial spirit is to grow in the face of uncertainty. When you are unsure of things or situations, take it as an opportunity to learn and be patient.
Step five is sharing your victories. In business, success is rarely solo. Be sure to give credit where it is due.
The last step is to allow yourself and your team the time to dream. Go ahead and imagine what the future holds.
Propel Your Company to Greatness
What is the entrepreneurial spirit? The entrepreneurial spirit is what inspires people to take risks. It helps them believe that anything is possible and pushes them to achieve new and wonderful things. It will propel your company to great things. To learn more about how to encourage the entrepreneurship spirit, contact us at the Productivity Intelligence Institute today.