10 ways to create a spirit of entrepreneurship
Employers are looking for ways to bring creativity and innovation to their companies. Many of them are embracing the entrepreneurial spirit. They have found that entrepreneurs and an entrepreneurial spirit bring a variety of benefits for every level of business.
Instead of simply hiring entrepreneurs and people with a creative bent, many companies are working to create a company culture of entrepreneurship. Here are 10 ways to create a spirit of entrepreneurship in your company, starting today.
- Partner with Employees- While you still respect the employer-employee relationship, find ways to treat your employees like partners. Give them the opportunity to see your company as their company. Seeing them as your partner and co-contributor will give your employees the courage and creative freedom to bring new ideas to the table and make them feel invested in the outcome.
- Be a Role Model- If there is the behavior you’d like to see in your employees, make sure you model it. When you lead by example, you give your employees someone to follow as well as an outline for how you want things done.
- Encourage Employees- Give incentives, pep-talks, and general encouragement to employees on a daily basis. Let them know you appreciate the good things they are doing and that you want to see more.
- Empower Employees- Give your employees more responsibilities. Give them the freedom to take risks, even if they may fail. Encourage innovation and creativity. When mistakes are made, allow your employees to learn from those mistakes without browbeating them. When you empower your employees, you give them the freedom to create more opportunities for your business.
- Make Sharing Ideas a Priority- Inspire your employees to share their ideas. Either have weekly sharing meetings or some sort of unstructured creative meetings. Employees who feel safe sharing their ideas are more likely to stay creative and engaged.
- Ask Them for Their Opinions- Recommendations and opinions can often help businesses grow. As a CEO or manager, you can’t be in every department at once. There are going to be things you don’t see or simply don’t understand when you don’t deal with it on a daily basis. Allow your employees to voice their opinions and recommendations. Ask them what they think, how they would do things differently. Their input could make a change in your company that catapults you to success.
- Reward Great Ideas- Always reward useful input, creative ideas, and successful projects. Rewards for success and innovation create incentives for other employees to bring their best to the table too.
- Be Ready for Some Failures- Success is more about learning from mistakes than it is about hitting a homerun every time. Long-lived success is created through adjustments and small tweaks along the way. Don’t get bogged down by little setbacks. If your employees don’t feel safe taking risks, you’ll never create innovation in your company.
- Encourage Independence- Give your employees projects and let them follow through. Let them lead others and work independently so they can have ownership of their role in the company. Having ownership allows them to feel like a larger part of the company.
- Mentoring- Creating mentoring relationships not only helps grow your new employees or younger employees, it also creates strong bonds between employees. Mentoring allows you to share your knowledge, experience, and strategies with other employees who can add their own ideas to your company and carry on your dream into the future.
If you want to have an entrepreneurial spirit in your company, you’ll want to foster and encourage innovation, creativity, critical thinking, and communication. Encouraging entrepreneurial ideas and practices will strengthen your company. Technology is always changing, if you want to continue growing, you’ll need entrepreneurs and creative people working for you. Fostering these behaviors will improve your company’s success, increase loyalty, and encourage creativity for years to come.