Ideas to Action – How Entrepreneurs Navigate Uncertainty

Quitting your day job and leaping into being an entrepreneur is often a scary task.  Have you ever wondered how some people seem to make the leap with few headaches (at least that’s how it appears to you) whilst others have great ideas but repeatedly fail to take any steps from idea to execution? 

Life in The Clouds

‘The Cloud’ is what we call software and data that lives on the servers external to your computer.  These servers are generally in large dedicated warehouses around the world and you generally access the data by logging in over the internet.

Don’t be the smartest person in the room

As the saying goes ‘If you’re the smartest person in the room, you’re in the wrong room”.  So with this in mind we’ve been out-n-about the last month at various business events, learning from others.    

So what have we gleaned from others this past month?

Discover Your Business WHY

Do you know your why? It’s so important to really understand this as it will be the key to how you connect with your clients, staff and suppliers. To have their answer when people ask why they like your product or service be ‘because it feels right’.

Creating a Culture for Innovation

We explored the Innovation Engine – devised by Seelig in 2012 book of the same name.  In the model Attitude, Knowledge and Imagination are contained in the middle and overlap as they represent the individual’s mind.  Whereas external factors such as Culture, Habitat and Resources influence the inner factors and in many ways guide and shape the mind of the individual.

Do you need an Insider or an Outsider?

When it comes to succession planning we often look outside the business for the next CEO rather than internally.  In a recent HBR article Joseph Bower explores the trends in S&P 500 companies, finding that 80% promoted insiders in the past 12 months.  So, which strategy is more successful and why?

Ready, Fire, Aim!

When I start to reflect on discussions, interactions and business dealings with entrepreneurs over the past years they all seem to have some things in common.  Typically, they have a good appetite for risk, but more importantly is that they are able to think quickly and make changes in their business that allow for adaptation as they realise what it is the market wants.

Are you a Shogun with a Suggestion Box?

No doubt we’ve all been in an organisation where managers attempt to garner team involvement in growth and decision making through a suggestion box.  Sometimes it works, or works for a time, and other times there’s either no involvement from the team (no suggestions) or nothing that is relevant in the eyes of the decision maker.

Fostering The Entrepreneurial Spirit

If we don’t actively encourage true problem solving and endless opportunities to try and fail until they succeed so they learn how each feels and to get up and try again our children will have a hard time as adults in the future job market.

Unlock your Innovation Barriers by Implementing these 2 Techniques

We often are faced with problems to solve in business but struggle to generate multiple solutions.  Often, we miss the solutions that are in plain sight as we can’t get past the traditional uses of products or ways of doing things – this is termed “functional fixedness”