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9 Characteristics of Spirited Entrepreneurs

9 Characteristics of Spirited Entrepreneurs

Millennials have a new view of the world and it is causing us to expand how we look at entrepreneurship. The traditional definition centers around the goal of making money. The new definition uses the same methods, but with a different end goal in mind. We’re beginning to recognize entrepreneurship as a means to bring value to those who need it. Here are nine characteristics of spirited entrepreneurs.

1. They think of doing the thing first and making money second.

Spirited entrepreneurs are excited about what they are creating and the good that will come from it. They are driven to make a difference in the world and positively affect people’s lives. They also make money, but that’s not the primary goal. When they begin to make money from their entrepreneurship, they might say, “Oh, that’s cool, too.”

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2. They leverage their social networks to gather support.

Business is and always has been about relationships. There are relationships with customers, advertisers, suppliers, complimentary businesses, governments, neighbors and other stakeholders. Today it is easier than ever to build and nurture those relationships by leveraging the power of social media. Spirited entrepreneurs leverage social media to gain support for the good they want to create with their entrepreneurial venture.

3. They believe that business exists to create value in the world.

As long as human beings have traded goods and services, there has been a thing called “business.” We trade goods and services for the betterment of our lives. For example, Patagonia makes coats so people will stay warm while they are doing fun and exciting things, and they do it in a way that is environmentally and socially responsible. Spirited entrepreneurs put this idea of creating value in a responsible way at the forefront of their business instead of making money.

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4. They believe there is strength in numbers.

Nobody does anything meaningful by themselves. Spirited entrepreneurs are obsessed with leveraging the power of the resources that others offer to create their business. They use crowd funding and other social sharing or community-building technology to get their businesses off the ground. They know that in order to accomplish their mission, they have to find and leverage talent.

5. They want to actually make a difference.

Spirited entrepreneurs don’t want to just do something that looks good. They want to do something that actually makes a difference. They aren’t just looking for positive press or a pat on the back. What they are doing has to create the value they set out to create. Spirited entrepreneurs know they must measure the impact they are having to ensure they are doing the good they intended.

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6. They believe they have something to add.

They believe their background, experience and perspectives are valuable. Spirited entrepreneurs don’t want to keep their knowledge and experience to themselves; they want to share it with the world because they know it is valuable and will help people.

7. They get their facts together.

Never in the history of humanity has information been more easily available than it is now. Spirited entrepreneurs know that information is power, so they get as much power as they can by gathering as much information as possible. They leverage their network, social media and the Internet to gather facts about their customers, competitors and industry.

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8. They think we need more things like Airbnb, Uber, and Boatbound.

Spirited entrepreneurs are all about connecting people who have resources with people who need them. The new sharing economy allows people to have access to things without the burden of owning them. Connecting the resources with the people who need them requires innovation, and spirited entrepreneurs are eager to figure out better ways to accomplish this goal.

9. They share a bold expectation of leaving the world in a different state than they found it.

Spirited entrepreneurs aren’t just out to make money. They know they have a limited amount of time on this planet and that time is the only asset of real value they will ever possess. Because of this, they use their time to accomplish something meaningful and the method they have chosen is entrepreneurship.

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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