Thursday, June 23, 2016

Why the Entrepreneurial Spirit Will Always Be Vital to a Business

Why the Entrepreneurial Spirit Will Always Be Vital to a Business

The entrepreneurial spirit is vital to the the continued existence of small businesses and companies of all shapes and sizes. Fostering and growing the entrepreneurial spirit in the staff can be a challenging but worthwhile task to make a business profitable again, keep it profitable or increase profits. Of course, not everyone is an entrepreneur, but there are different ways to foster it in a staff, so a collective of employees can still work together, while maintaining some important traits.

The Importance of the Entrepreneurial Spirit

An entrepreneurial spirit has far more meaning than wanting to forge out and open a new business, despite it being the case with many businesses. This important economical spirit holds values like innovation, creativity and passion. Having one or all of these traits is important for each employee too. If they want to have a rewarding career, then they will need to find personal motivation. Imagine a staff of employees infused with this kind of passion, creativity and motivation. Any business with a staff like this would flourish beyond the owner's wildest dreams.

Bring on the Creativity

The marketing department or the owner of a small establishment is always expected to do all of the creative thinking. If a staff were to be convinced it was acceptable and encouraged to think outside of the box, then it would benefit any business in an amazing way. The resource pools opens up dramatically when staff is encouraged to do some creative thinking outside their duties but within their scope. When an entire staff of 10 or even 1000 is contributing ideas, then growth makes a dramatic upwards movement. Even interns and janitors should be encouraged to offer creative ideas about their jobs.

Leaders Infuse Passion into an Organization

A passionate leader is more prone to inspire employees to allow this important spirit to infuse their careers. A business can also lose steam and money if the leader is struggling to re-ignite the passion and drive of the entrepreneurial spirit. An owner should re-evaluate their reasoning for getting into business for themselves. There are a lot of positive aspects to being one's own boss, and there are a lot of positive aspects for a staff, which has decided to build their careers or resumes under a person with the drive and passion to take a financial and personal risk. Once passions are rekindled within the leader, then the receptiveness of employees to work harder and accept influence will be increased and even contagious.

the trend. Expect others to follow, or be left further behind.

Ronn Torossian is the Founder and CEO of the New York based public relations firm 5WPR: one of the 20 largest PR Firms in the United States.

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