Sometimes culture in entrepreneurship environments falls to the waist side to productivity, growth, and profit to meet your organizations goals. Culture is an immeasurable thing that holds all the pieces of your organization together. If you talk to almost any Silicone Valley executive, they will all have different opinions about how to evolve a company’s culture, but one thing they will all agree on is that a solid culture cultivates an organizations success.
Why do women want to become entrepreneurs?
I asked a couple that are in my graduate program and most common responses were to have freedom, be their own boss, and to hopefully empower other women to become entrepreneurs themselves. Personally, I have enjoyed to see the growth in female business owners over the last few years. In fact, I have been working close with two sisters on a gourmet ice cream business where we have a very niche product that is offered by other companies (that’s to be discussed in a later blog post).
In 2013, Cox conducted a survey that was given to 624 women entrepreneurs and business owners in North America. The survey asked the women participants various well-being questions in regards to business.
Eric Ries and Steve Blank are one of the early adopters of instigating a minimum viable product (MVP) as part of the startup process. Blank defines a MVP “not always a smaller/cheaper version of your final product. Defining the goal for a MVP can save you tons of time, money and grief.” Blank is an advocate for executing Learn Startup approach for almost a business. One strategy behind building and utilizing a MVP is not to use too many resources (eg. time and money). Get your MVP built quickly so you can start testing your hypothesis using the new product.
Mindfulness has become more than just a buzzword in 2015; it has become a way of life to be mindful. If mindfulness is a new concept, I invite you to learn more starting with Google searching mindful. In approximately 0.24 seconds you will have a search result over 32.7 million hits. Where do you begin with an overwhelming search result? First, I recommend refining your search to a specific topic of mindfulness you want to learn about. For example, I narrowed my search to mindful leadership.
What is mindful leadership and how will a body scan make you become more successful?
“Expect the unexpected because the unexpected should be expected” when operating in an entrepreneurial environment. An entrepreneur will have success when they have a proper growth management strategy set in place. Growth management when properly implemented helps alleviate pressures that early stage startups encounter.
What does strategy have to do with diagonal thinking?
Strategy should be your mindset with every decision. Strategy is the plan of action you set in place to solve the problem. If you have a strategy, diagonal thinking is your vehicle to solve it successfully. Diagonal thinking comes into the picture when traditional approaches don’t work. What if you are challenged with a deeper rooted problem solving situation at work? What if the situation requires thinking in the box but not using rows and columns, rather a diagonal approach? Continue reading
Before you go and start soliciting your business for funding, make sure that your business plan is concise, to the point, and specific to your audience (investors). You don’t want your business plan to be similar to the Goldilocks and 3 Bears story by having a bowl of porridge that was too hot or too cold. You want that plan to be to that last bowl Goldilocks tried that was just right! The way your plan feels, written, and the audience it speaks to will be contingent on if you receive funding. Just like the porridge, if your business plan has just the right amount of content then it will be eaten alive by the sharks (aka investors).The long and drawn out legacy business plans are quickly becoming a way of the past. Investors, Banks, and whomever else who is going to read your business plan does not really want to read your 60 page plan or even something as simple as a business model canvas.