So this is the third video of my intrepreneur video series.
So if you haven't checked out the first video,
which is all about what an entrepreneur is and the second video about
what is the difference between an entrepreneur and an entrepreneur and the
similarities, please do. So.
And this video is going to talk about what companies can do
to have that entrepreneurial culture and have your
employees feel comfortable enough to venture
into becoming one. So, hello.
My name is Shevonne for those who don't know me and I talk about management,
productivity, and organization videos.
I work in a company that has that entrepreneurial
culture and they are always advocating for their employees to be one.
And so I want to share with you what I've learned from being in this company,
as well as what I learned when I was doing my MBA and was learning about
companies like Pixar, which amazing company,
and as well as LEGO, hopefully this video is helpful for you.
And as I said before, one thing is,
is that you can start off as an entrepreneur to get those skills and also
have the safety net of your company while branching into
becoming an entrepreneur. So if you haven't subscribed,
please do so now hit the notifications.
So there'll be deemed every time there is a new video,
and also please sign up for the newsletter and let's go ahead and start talking
about what companies can do to have an entrepreneurial culture in their company.
So the first one is very obvious is being open and
transparent with your employees.
One thing that you don't want to have is a company.
That's all about the hierarchical organizational
structure, and Oh,
you can't speak to this person before you talk to this person,
those companies,
you're never going to have that entrepreneurial culture flatten the structure in
a way that if this person who is reporting to this
person, and then that person is reporting that person,
this person can go ahead and directly talk to this person without the person in
the middle of feeling offended, especially if they're just trying to get, uh,
questions answered that maybe they seen what this
person appear has been able to achieve.
And so the person wants to know, Hey, how did you do that?
What can I do to achieve that?
So definitely have your company be more flat and
not have a person feel like they can't go to someone who is the higher
up.
Even if it's the CEO you want to have your employees feel comfortable enough to
go to whoever they want in the,
in order to get their questions, answers,
have that rapport or whatever they want to do.
So I definitely think that that is the first step it's just being open
and just have a culture where anybody can go to
anyone.
So then one person doesn't feel like they're stepping on their toes or feeling
having that person feels like have fear that if this person finds
out that they went to that person, they're going to get fired.
So definitely have that open atmosphere in your company.
A second tip that I have is give your employee time
to build those side hustles that will benefit your company.
So there are companies like Google,
like I know that they give 20% to their employees to do whatever they want with
it.
And that is a way to have them build whatever they want
to build, create what they want to create without feeling like,
Oh, if I work on this, I'm going to get in trouble.
So I think that's really nice is having the time to do
that because you don't know what that person's life is outside of
the 40 hour work week, they could have a family,
they could be caring for an elderly parent.
They could have a hobby that is very important to them.
And so giving them time within the work schedule
will help them feel comfortable and happy to be able to get those creative
energies going and create something that will benefit
them as well as the company. The third tip is don't punish failure.
Everyone is going to fail. They're all, everyone is going to stumble.
So those companies that have that environment, where if someone makes a mistake,
they are not punished mercilessly for it.
It are the companies that will have those creative people and probably will
have less employee turnover. And so that is one thing that, yeah, if,
if a person makes a mistake or to just mentor them and
help them see what they learned from the experience.
So they are able to apply it to future ones,
instead of making them feel like crap about it. My fourth tip is recognition.
Make sure to recognize those employees who are trying to
build something for themselves in the company.
Even if they have a misstep here or there,
you still want to recognize what they're trying to achieve.
So make sure that you do that because it doesn't matter how young or how
old you are.
You always want to have a level of appreciation and know that
who the people around you appreciate your efforts.
So make sure that you're doing that and you make them know
that you're you appreciate what they're doing. And lastly,
make sure that you are training your employees.
There are classes on having that Intraprenuerial spirit or even
being an entrepreneur. I know my, the school that I went to,
where I got my MBA, there was actually an innovation MBA.
That's for people who want to be entrepreneurs.
And I know that there are just classes and I believe there's also
bachelor degrees that are about that.
So make sure that you are all about
someone learning,
bring a training consultant to come in and train people who are
interested in it,
but definitely offer trading because sometimes someone can have a great idea,
but they don't know where to start.
So having someone who has gone through it train that person
will go a long ways.
So definitely offer training as much as possible and that's with anything.
I always think that training is always important.
And so make sure that you're offering training to your employees. Well,
I hope that this series was helpful.
Please let me know what questions you have about being an entrepreneur.
I will answer them. And if I can't answer them, then I will do the research,
talk to people who do and get back to you with the answer.
But I hope that you have a wonderful week here.
It's finally sunny and it's not cold and snowing and ice.
So I am already happy about that.
So everybody have a good rest of your February.
It'll talk to you soon. Bye.