No everyone will start a business, lead teams or rise to CEO, but all employees can create a big impact where they work by thinking like an entrepreneur.
Entrepreneurs are problem solvers. They generally start businesses to solve an existing problem, provide an improvement or innovate for new ways of doing things. That means they are paying attention with sharp awareness to their environment, the way work is done or how to make life better or easier.
Thinking like an entrepreneur, even for the entry-level employee, means looking for methods of doing your own work in an innovative and efficient manner as if you were the CEO, but it also means understanding the bigger picture and not just the role you play defined by your job description. It’s easy to get heads down in an isolated silo and take responsibility for only what you need to get done within your own department. Yet, to add the most value and be seen as a strategic asset, you have to step beyond what you do in the day-to-day. Apply the following seven tips to help:
Seek knowledge about cross-departmental roles and objectives
Ask employees in other departments about their jobs and comprehend what each department’s role is in the organization. How can you work together better or collaborate on issues that impact the entire organization?
Know your product or service
You should get a thorough briefing on your company’s products or services when you join a company. If not, make it your goal to educate yourself and stay abreast of any product enhancements. Think like a product manager yourself. What can be done to improve products or services over time? Always accepting the status quo is no-no for the entrepreneurial mind.
Understand the market you serve
Think outside the organization to recognize the market your company serves and constantly look for economic or social trends that could impact that market. Also, tune in to the customer mindset.
Acquire knowledge about company financials and revenue goals
Just because you don’t have a seat at the C-level table, doesn’t mean you should not be as deeply concerned about the bottom line as company leaders. You’ll feel more engaged and eager to contribute if you take just as much responsibility as those at the top for achieving revenue goals.
Stand in the shoes of your CEO
What is it like to be the CEO? How does he or she have to look at the business to meet revenue expectations and improve the company from both financial and cultural perspectives? See a problem. Present a solution.
Envision the future
Always have an eye on the future and what might be. Imagine the impossible now that could be possible tomorrow. Dream big, about your own role and the company’s growth potential.
Thinking like an entrepreneur with fill you with more passion for the work that you do and make you feel more involved in the success of the company. You will be thinking like a leader, constantly growing and challenging yourself, and increasing your value to the company.