Entrepreneurship

Four Ways to Think like an Entrepreneur

The Premise


Entrepreneur in you

Today, a lot of things don’t work like they did before. And as a student, you know what’s happening in the world around you. A student has better idea than an existing professional about what the future is going to be, since she/he is already using stuff that would grow more popular in the future, thats the nature of your demographic. The best way to use this situation to your advantage is to think like an entrepreneur!

Why to think like an entrepreneur


Ownership –

The real reason why entrepreneurs are so valued is the sense of ownership that they bring to the table. In many ways, corporates and Startups alike love those people who take ownership. The ones who take responsibility, and own a particular metric, balance sheet, growth objective, business target – these are the people who are truly respected in the firm.

‘Hiding’ Information is not a long term competitive advantage –

In many ways, the truth about majority of industries today is that information has become much more fluid than before. This means that a lot of information, industry tips and tricks are available freely. An example of this is Google and Facebook share more data about their ecosystem than top media companies ever did. This means that you have to start thinking differently in order to stay ahead.

Achieving targets –

Every sphere of professional life is associated with a Business Goal. An entrepreneurial spirit is something that can drive you to transcend the ‘achievement’ aspect but in fact it should be ‘finding easier and scalable ways of achieving a target’.

Ways to think like an Entrepreneur


Way #1 – Competitive Benchmarking

One thing is for sure, every business line, right from HR to Analytics, has competition. Some competition within the company, some outside. Its very important to understand what works for these people, and adopt in many ways the best practices. At a firm level, there is also incentive to collaborate with peers in order to achieve a company wide goal. These collaborative projects form an ideal ground for yourself to benchmark against your peers, find your weaknesses and turn those on their head into your strengths.

Way # 2 – Intensity at work

A lot of times, intensity at work is a function of external factors such as push from top management, personal lives, even weather! This is not how entrepreneurs work. The best entrepreneurs don’t let these things act as impediments, but instead give their best intensity at work. That in a way separates the entrepreneurs from te rest.

Way # 3 – Knowhow – Read, Read and Read!

One way to create a difference at your workplace is to keep constantly reading about developments in and around you. If you are a developer, read about the latest Android update. If you are in Finance, read about the latest tool by Intuit. Read about Sales, Marketing, Ops – but surely, do Read!

Way # 4 – Problem Solving

In many ways, life has so many elements that can be traced back to one key theme – Problem Solving. This is the common thread that runs across functions, across seniority and across sectors in the professional world. A ‘Can Do’ attitude is what entrepreneurs bring to the table when it comes to Problem Solving. As such, this is what makes your professional life fun and worth it – whether you enjoy Problem solving in your expertise area or not!

In Conclusion


I feel a lot of times, our education system trains us for ‘jugaad’. Find the easiest way of doing ‘x’. To truly prosper at workplace, you don’t need the easiest way for you, but for the organisation. That takes some serious ‘un-learning’. This is the true spirit of entrepreneurship. Do check what Paul Graham has to say about Counter-intuitive aspects of startups and entrepreneurs –

Like what you read? Share in your network!
Standard

Leave a Reply