Being An Entrepreneur

960054_lilly_dot_com1More people are surfacing into the entrepreneurial spirit today than in past due to the economic situation we have before us right now. This being the case the actual slump is bringing some good to us. Some people that would have never considered being an entrepreneur are figuring out what can they bring to the table. They pool their resources trying to see a problem people are having and could they be the solutions provider.

So, that brings us to the point just exactly what is being an entrepreneur is all about!

Wikipedia: An entrepreneur is a person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. It is an ambitious leader who combines land, labor, and capital to create and market new goods or services.

Often on start up the funds will come out of an entrepreneur’s on pockets because banks would surely shy away from new ideas, especially in these hard times. Banks are not interested in start-ups in hard times. Of course another way to come up with funding one could consider friends or relatives. Being an entrepreneur is a good thing!

I read an article one time by Donald Trump he said “You better know as much as you can about a entrepreneur’s quest you seek, so you’ll know what you’re getting yourself into!”

The failure rate is very high but if an entrepreneur can identify a need that the main stream of big corporations are not nor addressing, this is a key factor. Top entrepreneurs seem to catch up on an exact formula as you’ll see them start up one after another. That way if one of his ventures is not panning out, they can cut their loses early on, moving forward with the rest of his projects.

These are a few points you can go by getting a head start and they are:

Create your plan then take massive action.

Start off by setting up clear goals, a vision of what you trying to accomplish.

Turn obstacles into opportunities.

Be willing and prepared to do whatever it takes to reach your outcome.

Build on your purpose, passions and not those of others

Ask professional advice from areas of the venture you have no knowledge of.

You may have to educate yourself turning your weaknesses into strengths.

Gain financial skills and vocabulary.

What is the best way to find out about a problem you being the solutions provider on an issue you identified you could cure? The safest way is to become an apprentice with someone who is an expert in that field.

Entrepreneurs are like explorers and pioneers of the movement’s from the past, that have reshaped and rekindled the way we live and think. Being an entrepreneur is a good thing and not just something that should be swept under the rug when you “get an idea!” All things begin from a single thought in your mind. A few of most famous are Oprah Winfrey, John D. Rockefeller and Bill Gates, who as of this writing is “The richest entrepreneur in the world!”


If you have the entrepreneur heart then I encourage you to go after for in oreder for anything to happen something must move!

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Team Effectiveness – 5 Factors to Manage

1167779_row_of_towelsTo improve a team’s effectiveness, it is first necessary to understand the factors that impact its performance. Once you understand these factors you can determine when and what team development is needed.

In order for teams to function effectively they must manage how they work together and how they interact with the rest of the organization. As a result of his studies, Richard Beckhard (“Optimising Team Building Efforts”, Journal of Contemporary Business, Summer 1972) states that for teams to be effective they must manage four areas internal to the team: goals, roles, processes and relationships. Further research has identified a fifth factor impacting performance: how the team manages its interaction with the organisational environment. Within these factors is a hierarchy with some factors affecting all of the others. These five factors become the focus of attention for the manager who wants to raise team performance, because teams that effectively manage these areas function more effectively than teams that do not.

Environmental Influences – the impact of the organisation and the outside world on team performance.

The organisation creates the context within which the team functions. The policies, procedures and systems within an organisation can either support or hinder a team’s effectiveness. An excellent example is the impact an organisation’s reward system has on teamwork. Organisations typically reward only individual contribution. Few organizations have found ways to reward teams.

Signs to look for: The team is physically distant, not given enough resources to do the job, individuals are not recognized for team effort.

Goals – what the team is to accomplish

A team exists when members have responsibility for accomplishing a common goal. An effective team is aware of and manages:

1. The extent to which goals are clear, understood and communicated to all members
2. The amount of ownership of team goals
3. The extent to which goals are defined, quantified and deliverable
4. The extent to which goals are shared or congruent
5. The extent of goal conflict or divergence

Signs to look for: The goals are unclear or not communicated, everyone is doing their own thing and not participating in goal setting.

Roles – who does what on the team

Do all members understand what they and others are to do to accomplish the task? Do they know their individual responsibilities and limits of authority? In new teams time should be spent discussing and defining roles and responsibilities. As the team develops it is typical for individuals to build expectations and assumptions of others which are seldom recorded anywhere. These should be discussed and agreed upon.

Conflict may occur as a result of differing expectations among team members. Overlapping roles can create conflict, especially when two or more team members see themselves as responsible for the same task.

Signs to look for: Responsibilities are poorly defined, there is a power vacuum, members act independently and avoid responsibility.

Work Processes – how members work together

Once team members know what they are to do and who is to do it, they must determine how they will work together. Typical considerations are:

Decision making – how will each of the team members participate in decision making. Communication – what should be communicated within the team, to whom, by what method, when and how frequently? Meetings – what is the team trying to accomplish, what subjects are to be covered, who is responsible for the subject, how will the meeting be conducted, who should attend? Leadership style – the leader and the team need to agree the best style to meet the situation and the leader should be open to receiving feedback on their style.

Signs to look for: Meetings are unproductive or poorly attended, decision making is dominated by one or two people, actions taken without planning or communication is one way.

Relationships – the quality of interaction among team members

As team members work together, relationships often become strained. Members need ways to resolve problems and to assure that a good working relationship continues. Sometimes relationship problems occur because of a difference in values or a personality or management style clash. Managers may need to take an active role in soothing relationships during times of conflict. The more energy that is siphoned off because of bad feelings, attitudes or strong emotions, the less energy is available for the team’s task.

Signs to look for: Personality conflicts, or members are defensive or competitive.

Team development is a process aimed at improving team performance in any one or all of the five factors in the team hierarchy. After examining your team’s performance in these areas, your role as a manager is to identify where your focus for team development needs to be.


Copyright © 2009 Chiswick Consulting Limited; Pam Kennett is Founder and Director of Chiswick Consulting Limited a management consultancy which provides advice and direction to clients in marketing and human resources. Pam has more than 20 years experience working with teams and leadership groups to raise performance. Contact her at pam@chiswickconsulting.com or visit http://www.chiswickconsulting.com .