Do You Think Like An Employee Or An Entrepreneur?
Thursday, August 18, 2011
Posted by: Rhette Baughman
Do You Think Like An Employee Or An Entrepreneur?August 17, 2011
Speaker, Social Media Strategist, Influence & Chan, SOBCon / Inside-Out Thinking
After reading Sober Entrepreneurship: Why Modern Entrepreneurs Won’t Succeed Under the Influence byThe New York Times bestselling author of The Entrepreneur Equation, Carol Roth, I reflected on how people think—people who both work for and with corporations and small business.
She speaks to the idea that, "we need to ensure more successes, avoid
the number of true failures and make sure that we have the right people
pursuing the right opportunities at the right time with the right
Carol got me thinking about working entrepreneurs. I’ve met many
entrepreneurs who work in corporations. I’ve also met self-described
entrepreneurs who work at home, but are really employees working for
more than one client business—not unlike employees hired to execute
similar roles within the business, such as accountant, copywriter,
designer or administrator.
The location of the work isn’t the defining difference. The
difference between an employee and an entrepreneur is the way the person
relates to the work, the business and the working business.
The way we think about our work and business is crucial. My personal
success in business has hinged on understanding that I relate to
business like an entrepreneur. I’ve been able to contribute my best work
with employers and clients that valued my entrepreneurial view. I’ve
learned to recognize that I’ll never quite fit with employers and
clients that prefer to work with people who view business like
employees.Identifying your personal business mindset is invaluable to
forging business relationships that work long term.
Do you think like an employee or an entrepreneur?
Whether we choose to work for a business or to start our own, our
ability to identify our business mindset as well as the mindset of the
organizations who pay us can lead to successful business relationships
or disaster. Organizations that value entrepreneurial thinking tend to
undervalue folks who think like employees. Those that value employee
thinking tend to find entrepreneurial thinkers disruptive, difficult to
manage and counterproductive to the organizational goals.
Here are 10 ways to tell whether you think like an employee or an entrepreneur.
1. An employee thinks about the work as the business
An employee is about a good day’s work delivered for a good day’s pay. Employees care about execution.
2. An entrepreneur knows the business supports the work
An entrepreneur is about a good business functioning well. Entrepreneurs care about performance and process.
3. An employee supports a solid structure as foundational to the business
Employees understand their part and execute that
part. The organizational chart defines how things work and who does
what. Employee managers understand the boundaries of their job role and
their place inside them.
4. An entrepreneur sees a fluid process as core to the business
Entrepreneurs see how their part fits within the
whole and want to ensure that the parts come together well every time
over time. The organizational chart is a reference at best.
Entrepreneurial managers want to blur the boundaries of their roles to
work more closely with others who impact their work.
5. An employee is a doer first
An employee knows the methods, techniques, tools, and tactics. Employees see the finished work as the goal.
6. An entrepreneur is a planner first
An entrepreneur is a negotiator, a visionary and a
thinker. Entrepreneurs see the work and the tools as a means to the
goal.An entrepreneur builds strategy and is constantly testing it.
7. An employee sees "business controls and necessities” as other people’s work
An employee is disinterested in and often frustrated
by tasks and meetings that get in the way of the "real” work—the skills
and specific talents they were hired to use.
8. An entrepreneur uses "business controls and necessities,” to track and manage the work
An entrepreneur wants to do more of what works and
quickly lose what doesn’t. Those tasks outside his or her specific
skills inform the entrepreneur how the "real” work should go. Without
access to the information they provide, the entrepreneur is frustrated
by feeling unconnected to the business. They don’t want a job.
9. An employee focuses on what is his or her responsibility
They want to know how to grow a client base, how to
build a product line, how to establish an operational process, how to
shore up the infrastructure.
10. An entrepreneur focuses on interconnected responsibilities
They want to know how the infrastructure has to grow
with product offers at a rate that matches the customer base with an
eye toward reasonable risk parameters.
Like structure and expression or form and function, every business
really needs both kinds of thinking to be in best form to grow.An
employee protects everything that has made the business great.An
entrepreneur questions everything past and present to make sure it
Too much entrepreneurial thinking might just land you with a pile of
ideas and a start that burns cash faster than it earns it. Too much
employee thinking might keep your business sound but too risk averse.
Whether you work alone or in an enterprise, you probably think like
one or the other. Did you find yourself in the group that you thought
you would be? It’s important to recognize and understand the strengths
of the other.source: http://www.openforum.com/articles/do-you-think-like-an-employee-or-an-entrepreneur?extlink=em-openf-SBdaily