Mr Entrepreneur, Please Stop!

Just Don’t Try To Make Everyone In Your Team an Entrepreneur!

To start a new business is really tough. Right from getting right people on board to bring in revenue to brand awareness everything is time taking, frustrating and trying your patience. But once your new business gets beyond the initial start-up phase, there comes a new phase.

Also Read: Are You Fully Charged?: The 3 Keys to Energizing Your Work and Life

It is obvious that when the business starts expanding so is the job responsibilities of the teammates. The business owner expects everyone to put in more efforts to grow the company. This may take the form of reaching out to untapped target populations, creating different products and services for new market and developing offshoots from the primary business line.

Also Read: Six-Week Startup: A step-by-step program for starting your business, making money, and achieving your goals!

There is no denying the fact, that these ideas are good, but many business owners make some errors while engaging their teammates in various entrepreneurial activities. Let not you join the bandwagon. Here what you should do instead:

Know that each of your team members has a different personality

Some business leader thinks that everyone is the team is an entrepreneur who will take initiative in different work areas. If you lead an organization and have more than 2 or 3 team members, several types of team members are most likely to represent your organization. However, understand that not everyone in your company is an entrepreneur or wants to be. Invest some time in knowing who have entrepreneurial skills and can perform better.

Also Read: Straight Talk for Startups: 100 Insider Rules for Beating the Odds — From Mastering the Fundamentals to Selecting Investors, Fundraising, Managing Boards, and Achieving Liquidity

Learn how you can motivate your staff member

The majority of start-up entrepreneurs think that everyone in the staff needs some kind of encouragement, which is very much wrong. Every person has a different skill set and a different working pattern and falls in different personality hence, need a different kind of motivation. If you don’t understand this you are at greater risk of misleading your team members.

Also Read: The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want

Utilize every employee’s strength at fullest

There are business owners who think that getting more and more number of employees in the project will do well. So untrue!! Rather one should know the skill sets of the employees and know how to use the same in the said work. Getting known about their skillsets and putting them into the right work and getting out their experience and skills to the fullest will help your business grow.

Also Read: The Startup Checklist: 25 Steps to a Scalable, High-Growth Business

Don’t assume that the employees who think and acts as an entrepreneur are meant to become entrepreneurs. There will more frustration and zero productivity. Use your resources wisely. Yes, you need smart, intelligent people in growing business but don’t engage your employees in various entrepreneurial activities. Figure it out which are the skilled people and motivate accordingly so that you are right on the track, growing and expanding.

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Nomad | Early Stage Investor | Wannabe Anthropologist | Technology Evangelist | Curious, Inquisitive & Experimental Entrepreneur

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