How To ‘Thrive In An Unpredictable Economy’

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Who knows what is going to happen tomorrow? No one knows what is going to happen in the future.

But we can get to work. Because tomorrow starts today, right now. If we want the future to be better, we have got to be better.

Attitude is key. If you assume everything, even a problem, is a gift, it invariably will be.’

Before beginning anything new, ask yourself this: ‘Is this something I really want to do?’

Failing is an important part of the act. Learn. Build. Repeat. model. Unfortunately.’

Mistakes are simply part of the learning process. The ‘secret’ is to make sure that they don’t cost you too much and that you do, in fact, learn from each one and build that learning into the next step you take.’

You need to put your thoughts into action to see if you are right about there being a potential audience/customer for your idea (and learn what you need to change if there is not). Thinking by itself doesn’t accomplish anything.

‘What if you can’t come up with an idea to get yourself started? The place most people begin is by asking, ‘What am I good at?’

‘The people who are best at dealing with uncertainty are serial entrepreneurs.’

‘If you aren’t spending at least six hours a week- about an hour a day- preparing for your next career, you run the risk of falling behind. Start today.’

Instead of searching for the perfect job, why not create it?

‘There is a proven path for dealing with uncertainty: proceeds as proven entrepreneurs do. After all, there is nothing more uncertain than starting a business, and these people have done it successfully. What has worked for them will work for you.’

Source:

Paul B. Brown (2014). Own Your Future: How to Think Like An Entrepreneur and Thrive in an Unpredictable Economy

RecruitTheBest Daily Digest- ‘Entrepreneurial Leadership’ In Action

Realise you will need different operating systems for different tasks as you move from manager to leader. Be flexible and patient with yourself as you try on different lenses.’

Don’t let your brand limit you to the familiar. Understand your meta brand and its possibilities.’

Every entrepreneurial leader needs a plan to help him or her escape the strong gravitational pull of work.’

Set boundaries on your work to make room for nonwork interests and communities.’

Work hard to articulate a clear purpose, a desired end result, what winning looks like.’

Break down your mission into a limited number of goals that can be measured by meaningful, qualified, and time-bound deliverables.’

Ensure your goals align with your values and with the actions necessary to achieve them.’

Make sure everyone in your organization can recite its top three goals.’

Correct misalignments unless they are over values. When values aren’t aligned, someone must leave the organization.’

Invest in culture by rewarding those who behave consistently with it and coaching or removing those who violate it.’

‘Teams succeed and fail together.’

Trust is enhanced by delivering on promises.’

Source:

Joel Peterson (2020). Entrepreneurial Leadership: The Art of Launching New Ventures, Inspiring Others, and Running Stuff