Power of Entrepreneurial Mindset
We live in an exciting time. Humanity will change more in next 20 years than it has in the previous 300 years which means that we are about to enter this completely uncertain future where we have no idea what kind of companies will be successful and how society will operate and this trend is not slowing down its accelerating even further. So many if not most of the skills that you have today will become obsolete in next 5-10 years and what does that mean?
Well, it means that in order to be successful in this uncertain future we need to be way more adaptable, we need to be very good at figuring out a way to become agile so that we can adapt into this changing work environment where we can teach ourselves new skills that would be relevant in this uncertain future.
One of the most important thing to adapt to the changing nature of job and businesses around us is to have an entrepreneurial mindset and entrepreneurial attitude and the way of looking on how one can constantly reinvent ourselves. the most important startup of all is the startup of you. The start of a view of how you are going to be able to navigate in this uncertain future of skills you need to acquire, what kind of resources you need to process in order to create value for a future employer or if you are starting your own business for your future customers. Because everything is changing faster and faster and if you don’t have this entrepreneurial mindset you will most likely become obsolete. You will have a hard time adding value in this new type of context.
Most of the employers in recent days are looking for these entrepreneurial individuals as well. It is no longer enough to just have a basic skill set as an engineer or as a physicists or as an English major or whatever it might be. You need to be able to adapt to the world that is changing all around you all the time. No matter what industry it is or employer they are of, all these employers of big companies are looking into intrapreneurship. These employers are looking at how can we teach our employees to be more entrepreneurial, how can we help reinvent ourselves so that we don’t get run over by the next wave of garage entrepreneurs.
The biggest threat to most of the companies today is not their known competitors, it is the industry disruptors, the new startups that come in with a product that is ten times cheaper, ten times faster, ten times more user friendly which will completely disrupt an existing industry. There is numerous example of companies that have gone out of business in a very short time span. According to one if the research done in the US says that average life span of a company used to be 65 years has declined to 15 years only. This means the top companies we know today either won’t exist or would have been bumped down in just next decade or two.
Since everything is getting disrupted changing so fast we also need to think about how can we become more agile so we can navigate in this uncertain future. And the ways to become relevant to the uncertain changes is to have an entrepreneurial mindset where one has risk taking attitude, has ability to self-motivate and motivate people around them and creative mindset that could be changed into business reality.