Business
How to foster a culture of entrepreneurship in your organisation
Published : 2 years ago, on
By Roger James Hamilton, CEO and Founder of Genius Group
When it comes to the ideal employee, there are a few things that spring to mind. Someone who’s a self-starter, someone who can own and drive projects forward, someone who’s accountable, ambitious and results-oriented, someone who knows how to get the best out of their team. These qualities tend to be entrepreneurial.
Most founders think that these are innate qualities, that people just either have them or they don’t. But what if I told you that your organisation can encourage these types of personalities to emerge in their business? That these qualities aren’t just given to ‘superstar’ employees, but are instead produced as a result of three main factors: job satisfaction, personal ambition and company culture.
Creating an entrepreneurial culture in your organisation is a great way to encourage personal ambition and improve job satisfaction – enabling employees to take responsibility for their development and success.
Give your employees flexibility and autonomy in their role
If you want great people, then you have to give them room to be great. Strict job roles, rigid systems and an inability to be creative will make a brilliant employee bored and unmotivated. Of course, there are some roles that require employees to follow strict guidelines and ways of doing things, but for the roles where things don’t have to follow rigid procedures, give your employees wiggle room to make the role their own and see what works. Be firm on the results but flexible on the method.
Create an environment where it’s okay to make mistakes
Nobody sets out to make mistakes but sometimes that’s how we learn what works and what doesn’t. As long as everyone is learning from the mistakes they make and they’re not repeating them, you should look at mistakes as a mentoring opportunity, not something that’s wholly negative. Having a space where people feel they can make mistakes and learn will encourage them to try new ways of working, be adventurous and push beyond their comfort zone. And some of the best outcomes are made by taking those bold steps.
Forget individualism, everything is about teamwork
Of course it’s great to have superstars, but no employee should be indispensable. Instead, encourage strong performers to mentor other people in the team, so that you can have a team of strong performers and success isn’t just down to one person. Additionally, when creating teams at work, ensure each person can play to their strengths. Whether that’s project management, idea generation, or risk assessment – make sure teams are created of people with different qualities so everyone has a chance to prove themselves. The Wealth Dynamics profiling tool is a great way to simply find out the profiles of each team member.
Reward employees adequately
In an age where talent is so hard to find and retain, employees are wise to the fact that loyalty doesn’t necessarily pay, and are more likely to job-hop for a better offer. The way to keep the employees you value is to make sure you’re attuned to their wants and work to those. Benchmark salaries and offer benefits that don’t necessarily have to cost – flexible and remote working, peer mentorship, a clear career path with what they have to do to get to that next level, and a good work-life balance.
Creating an entrepreneurial culture is not something you can do overnight, and will take time to foster. Making sure your team is happy and engaged in their work, and nurturing an open, supportive culture, will go a lot further than you think.
About the Author
Roger James Hamilton is a New York Times bestselling author and Founder and CEO of Genius Group (NYSEAM: GNS), a multi-million dollar group of companies, headquartered in Singapore, which currently includes companies such as GeniusU, Entrepreneurs Institute, Entrepreneur Resorts, Education Angels, E-Squared Education, Property Investors Network and the University of Antelope Valley., Genius Group has an acquisition plan to add in further acquisitions in 2022 to the Group. GeniusU is an Edtech company and platform providing over 2.9 million students with personalised learning paths and a platform used by partners to share their learning through customized learning journeys. GeniusU attracts 7,500 new students to join GeniusU each week, starting with the entrepreneur quiz to identify their path to wealth and find their next step to take right now. Genius Education Angels and E-Squared Education provide education courses for young people from 0 to 25 years old. Entrepreneurs Institute, Property Investors Network and the University of Antelope Valley provide adult training courses for 25 to 100 years old, and Entrepreneur Resorts is a market-leading group of entrepreneur-focused luxury resorts and lodges, beach clubs and city co-working hubs, offering business leaders professional educational retreats in exotic destinations around the world. Entrepreneur Resorts holds destinations in Singapore, Bali and South Africa and soon the U.S., and has license holders launching properties in the UK, U.S. and Greece. Entrepreneur Resorts will be expanding this year by adding on further properties and license holders. Roger is also the creator of Wealth Dynamics, Talent Dynamics and Impact Dynamics profiling tools, used by millions of entrepreneurs to find and follow their flow.
About Genius Group
Genius Group is a world-leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed in today’s market. The group has over 2.9 million students in 200 countries, ranging from ages 0 to 100. The group includes four pre-IPO companies (the “Pre-IPO Group”), and four companies that were acquired at the time of or shortly after the IPO (the “IPO Acquisitions”).
The entrepreneur education system of our Pre-IPO Group has been delivered virtually and in-person, in multiple languages, locally and globally mainly via the Pre-IPO Group’s AI-powered, personalized GeniusU Edtech platform to adults seeking to grow their entrepreneur and leadership skills.
The Pre-IPO Group includes Genius Group, GeniusU, Entrepreneurs Institute and Entrepreneur Resorts. This group of entrepreneur education companies has grown through organic growth and acquisitions, with a focus on adding value to each company through GeniusU, which is being developed to provide AI-driven personal recommendations and guidance for each student. The Pre-IPO Group is now expanding its education system to age groups beyond its current adult audience, to children and young adults. The four IPO Acquisitions are the first step towards this. They include: Education Angels, which provides early learning in New Zealand for children from 0-5 years old; E-Square, which provides primary and secondary school education in South Africa; University of Antelope Valley, which provides vocational certifications and university degrees in California, USA; Property Investors Network, which provides property investment courses and events in England, UK and Revealed Films Inc., which launches docu-series covering topics such as wealth building, health and nutrition, medical issues, religion, and political matters in Utah, USA.
Genius Group’s plan is to combine the education programs of the IPO Acquisitions with its current education programs and Edtech platform as part of one lifelong learning system, and it has selected these acquisitions because they already share aspects of the Genius curriculum and its focus on entrepreneur education.
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