Entrepreneurial Vision

Every Entrepreneuer Lives off Their Vision

Archive for the category “Organizational Vision”

Think Like an Entrepreneurial Visionary to Inspire Employees

Everyday top team members are needlessly lost. Why? Not a single person at work gave them a convincing reason why they should be there.  It didn’t matter how much money they were banking or how big their corner office was. What they wanted deep down was to be a part of something bigger than themselves. Many of these lost employees (and maybe a few of yours) went to work for an entrepreneur. A good entrepreneur knows how to communicate a vision that leaves all who hear in awe. He or she will convince a top executive to leave their job for something as simple as an idea on a napkin. People will risk their entire financial fortunes to be a part of the vision the entrepreneur has created.  If you learn to take on an entrepreneurial mindset, you too will inspire your organization from the bottom up.

Give your employees a sense of ownership- This is an absolutely essential component to engaging and inspiring employees. Many entrepreneurs have nothing but an idea. They convince valuable people they want in their company that the idea will work and whoever works for them can have a piece of the success from the idea. Many people who have gone on too long without a pay raise or are underemployed can become very attracted to this. The most common example of ownership in a company is stock options. I love stock options because workers will put their heart and soul into something they truly own. If you can offer your employees equity options proactively promote the option anyway you can. When your workers own equity, they will have a true sense of ownership which will inspire a sense of loyalty you have never seen.

Reward all ideas, good and bad. This is a fantastic way to create a culture of innovation. Most ideas fail but remember quality comes from quantity. What is important is to encourage the process of ideation just as much as the value of any ideas. Schedule regular time to allow employees to participate in small group brainstorming sessions. Give them different problems to solve related to their work so that they can have a sense of ownership in the solutions. If a group comes up with an idea that may add value, delegate them the authority to ensure it gets implemented. Have them give you regular update on the progress. Google follows this by allowing employees to spend 20% of their work time on projects of their choosing. Since the 20% rule was established, it has produced 50% of Google’s products.

Remind employees how they are making the world a better place. People don’t just want a paycheck; they want to make a difference. Create and communicate a vision of what your product does for your customer. The more mundane your offerings appear to be the more important this is. For Instance, if you sell payroll services you might get a testimony from the business manager who can now go home on time every Friday and play with her kids because her payroll is now handled by your business. This is something that should be nested in your vision and mission statement. To really get the ball rolling check out this article I wrote on creating a dynamic vision statement.

As you begin to implement these practices, remember visionaries are made not born. Read this informative article by David Frick which goes into examples of entrepreneurial visionaries and the character traits they displayed. After everything is said and done the most important trait for an entrepreneurial visionary is persistence. It doesn’t matter how many times you fall, only how many time you are willing to get up. How do you inspire people you work with?

 

 

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Why Your Company’s Vision Statement Sucks

Bland, generic, meaningless, white noise. These all describe that paragraph buried in your ancient fifty page business plan you lost. The way business strategies are created is quickly changing. Investors and other stakeholders (especially employees) are no longer interested in reading about static company strategies they don’t understand. Everyone is bombarded with information due to the web 2.0 era which is resulting in regular information overload. Your employees now need a vision they can interact with. The question is how do you make an interactive vision statement? Just condense it. Now I don’t mean cut it from a paragraph to a sentence or two. Give them something that supports your vision but they can really use. Any ideas yet? Let’s look back a few hundred years to find our solution.

Yoga and monks have been around for a very long time. Part of the reason is they know how to make their followers a part of the something larger than themselves. One way they do this is through something called a mantra. It is a chant that sums up everything they are achieving. Mantras range from a few words like “Just do it” to one syllable, “OOOhhhaaammmm.” The mantra is better than a vision statement because it is dynamic, easy to learn, easy to remember, and serves as a simple rock to guide all decisions. People also enjoy mantras because they create the opportunity to demonstrate you are a part of the culture.

Making a mantra for your company does not have to be difficult. If someone asked you, “tell me how your organization will change the world in five words or less” what would you say? When you decide on one use it casually and when others ask what it means explain to them it’s how you want to remember what this company is all about. End your meetings with the mantra, when making a sales call tell the mantra to the nearest co-worker. This is meant for your company to build an inclusive and excited culture so be excited about it. If an employee uses it and you catch it, give him positive reinforcement. This incremental innovation is an excellent way to make your company up-to-date while making a dynamic business environment.

5 Ways to Successfully Communicate Vision to Others

    Have you ever had a fantastic idea and proceeded to share it with your co-workers only to have it shot down with a lump of embarrassment? Chances are the problem was not in your idea but in how you communicated it. Many revelations never materialize simply because the creator failed to share the vision in a way that is understandable and inspiring. Here are 5 ways to increase you chances of being seen as a visionary with others.

  1. Visualize the vision you have with as much detail as possible. Not only will you have a better concept of what you would like to see but the small details are helpful when others you work with need to get real “feel” for what you are thinking.
  2. Find an analogy for your thought. This communication device allows complicated concepts and translates them into familiar terms that help make a connection. When Jesus was explaining the premise of heaven he knew many people would not understand so he used parables which are a type of analogy. If you wanted to start a prom dress rental store, you might say “our store is the Netflix of prom dresses.”
  3. Involve stakeholders in creating the vision. People are more invested in what they help make. Rather the shoving your all too brilliant idea down throats try talking with someone in a way that makes them feel like they contributed. Asking open ended questions after explain your vision is one way to do this. Examples are “how does that sound” or “what are your thoughts?”
  4. Have results for your vision you can share. Take the initiative and complete tasks that assist in showing the results of what you are thinking. This is especially helpful with ideas that are overly complicated. They may not know exactly what you have in mind but they can see the benefits that will come for themselves and the organization. Perhaps you have an idea for a ground breaking product, try getting potential customers to send you a letter of intent showing their interest in purchasing what you have visualized.
  5. Give more credit than you take. The only thing better than you enthusiastically sharing your idea is having others do it for you. When others have contributed to your concept generously give credit where credit is due. Not only will they be on board but they will be changing the culture to make the idea the norm and not the exception.

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