Reinventing the Entrepreneurship Game

In my November blog I described how important it is to unleash the power of innovative entrepreneurship in our digital & connected world.

How doing this manifests an optimistic, abundant & positive futures that:

  • Maximises the potential of entrepreneurs to see & solve 21st century wicked problems, innovate new businesses that successfully compete, achieve exponential & sustainable growth in VUCA times.
  • Creates the best environmental conditions for people across differing & diverse demographic & geographic segments to deliver sustainable & inclusive business developments that deliver a triple bottom line (people, profit & planet).
  • Models & replicates how successful entrepreneurs lead & build entrepreneurial companies that accelerate access to new markets & ultimately become scalable, high-growth businesses, within collaborative eco-systems.

Taking collective action

Achieving this requires us to take collective action in questioning, rethinking, renewing & reinventing our habitual ways of working & doing business.  Because, as prosperous individuals, teams & organisations, we can no longer afford to sit on our laurels.

We have the opportunity & perhaps, even the responsibility, to unleash our people’s innovation potential.

By collaborating & sharing new ways of maximising the “triple-e’s” education, employment & engagement, now matter where we are located.

In a world, where according to a recent McKinsey Report, in Asia today, there are more than 1.1 billion youth aged 10 to 24, which represents 26% of the total population where;

  • 220 million youth are not engaged in education, employment or training.
  • Among those who are, achievement is low.
  • 36 million youth are unemployed, with another 300 million underemployed.
  • This does not account for those in vulnerable working conditions (e.g., part-time work, jobs in the informal economy)

A pool of human possibility

The report states that “these numbers are staggering and it would be fair to argue that the world has never had a greater pool of human potential at risk” or is it a greater pool of human possibility?

To create a new pool of innovative entrepreneurs who can rethink, reinvent & renew their corporations, basic civil systems, communities & even their nations?

To become the “crazy ones who spit in the eye of the status quo” with compassion, creativity & courage, fuelled by a passionate purpose to make their dent in the universe.  Which is what is necessary for creating equilibrium & a successful & more sustainable world.

My ongoing entrepreneurial learning journey

In my last blog I shared how shocked I was to see in my calendar that was exactly 30 years since I exited my corporate career. I outlined some of my many mis adventurous occurring in the first ten years in the management consulting & learning & development space. I also shared details describing my first three learning’s as a serial female entrepreneur.  So here is the next instalment of my ongoing personal entrepreneurship story.

From the second ten years 1998-2008

  1. Being accountable & holding others to account

Being an associate with Corporate Vision for over 12 years enabled me to develop & hone my corporate training knowledge, skills & experience across the culture, leadership & team development domains. It was an awesome learning experience, especially when we developed an innovative & experiential learning approach to training leaders in accountability in major Australian organisations.

It seems that accountability is a subject that everyone seems to talk about, yet finds difficult to define.

Yet, to be effective & successful as an entrepreneur, you have to be willing to be accountable 24/7, especially in the early stages, when there is only self to rely upon.

This involves doing what you say you will, being trusted to keep your word & ensuring that others you count on, keep theirs. It also requires a certain type of boldness, deep integrity, strong intrinsic motivation & smart risk taking. As well as taking personal responsibility for delivering the desired outcomes, & applying  milestones as guiding lights & score cards along the way.

  1. The power of team cohesion & collaboration

Whilst I was associated with Corporate Vision, I facilitated a vast number of team development programs, largely for IT business units, in a number of major financial services organisations. Being largely project based, developing diverse, cohesive & collaborative, & hard-core agile teaming skills were the critical success factors for effective project execution & delivery.

Because team leaders have a profound impact on their team’s ability to coordinate, execute & deliver outcomes, I focused on developing the most resourceful mindsets, behaviours, skills & practices of both the team leaders & members.

This involved applying a vast number of diverse team diagnostic tools & processes, providing both data representing quantitative measures of team effectiveness. As well as a qualitative assessment of the key messages driving individual & collective behaviours & their impact on performance. I then shared these results with the team & designed & delivered their customised blended learning journey. These incorporated adult & experiential learning methodologies that provided opportunities for team leaders & members to safely learn by doing.

I moved on from Corporate Vision & boldly established my own learning & development organisation, Compass Learning Pty Ltd.  Initially, in collaboration with my experiential learning provider, Team Focus International, we co-created & facilitated a series of customised top team alignment learning journeys. Where we aimed at developing for our clients, the mindset & behavioural changes needed to create high performing leaders & aligned executive teams in ways that were ethical, sustainable & enduring.

Successful entrepreneurs understand & focus on unleashing the innovation potential & power of people. They develop an ability to work cohesively & collaboratively with others effectively.  By candidly & bravely maximising differences & diversity, taking smart risks & by experimenting with doing things differently. They successfully engage, enrol & align people to collectively solve the intractable problems of starting a business, in the hope of satisfying a customer or user, anywhere, anytime, with anybody.

  1. Mindsets are foundational to any change process

Individual, group & team functionality is based on understanding and working with people’s underlying needs, values, beliefs & emotions. These are usually then expressed as thought & feelings & presented as a unique worldview or mindset.

Facilitating high performing teams involved co-creating clarity of purpose, agreeing roles & responsibilities, setting team goals & developing trusted relationships. Then developing effective team communication, decision making & problem-solving processes & habits for working together cohesively & collaboratively within a Team Charter.

To be successful, I noticed that I needed to calibrate & work with, at very deep levels, each individuals’ unique needs & values sets, & their varying ranges of emotional & cognitive responses to what went on for them personally, & in the team. I did this to ensure that people felt & thought that their contribution meaningful & purposeful, & could therefore align both emotionally & cognitively, to enact the Team Charter.

This made it easier to introduce & train teams in the necessary teaming skills, & also created the foundations for developing constructive team cultures, practising mutual accountability & improved performance.

Successful entrepreneurs understand & leverage the power of co-creating purposeful & meaningful work, by understanding the power of mindsets in creating powerful & constructive messages that engage & enrol people in change processes. They focus on quickly developing the most useful mindsets that enable & empower people to acknowledge & maximise differences & diversity & co-create, embody & enact a passionate purpose for change & cultivate entrepreneurship.

Being a congruent role model 

Over these ten years, I deeply learnt what it means to be both a team leader & a team player, how to be accountable & how to hold the line in holding others to account. I also learnt how to design & deliver customised blended learning journeys for transformational leadership & top team clients that delivered what they promised.

Finally, my fascination with power & role of mindsets in change processes led me to play even more deeply in the transformational leadership, team coaching & organisational culture development space. To progress even further in the next ten years, in my most recent re-invention, as the Founder & CEO of ImagineNation™.

Watch out for my third blog in this series – the next ten years 2008-2018 & the continuing entrepreneurship journey & my next re-invention, through the creation of ImagineNation™ & my next 3 major learning’s as a female entrepreneur.

Join the next free monthly webinar in our Making Innovation a Habit Series – “Coaching Innovation.” It’s on Wednesday, 12th December 2018 at 5.00pm Melbourne & Sydney. Register Now.

Find out about The Coach for Innovators Certified Program, a collaborative, intimate & deep personalized learning program, supported by a global group of peers over 8-weeks, starting January 22, 2019. It is a deep blended learning program that will give you a deep understanding of the language, principles & applications of a human centered approach to innovation, within your unique context. Find out more.

Contact us now at janet@imaginenation.com.au to find out how we can partner with you to learn, adapt and grow your business in the digital age.