By Matt Ehrlichman Founder and CEO, Porch
Five indicators that demonstrate that the entrepreneurial spirit is alive and thriving in someone.
1) They are in-tune with their passion.
Think of the last conversation you had with someone about something they were deeply passionate about. It doesn't matter if the subject is completely uninteresting to you, the conviction in their voice and the authentic enthusiasm they have for it is captivating. Passionate people know what it's like to dive deep into a subject and completely understand it. This is something we look for when hiring at my startup Porch.com. When people are genuinely passionate about the problems that your company is trying to solve, they will be energized by any challenge that stands in their way.
2) They are always questioning how it can be done better.
Mark Twain once said, "Whenever you find yourself on the side of the majority, it is time to pause and reflect." The average person rarely considers how ordinary things can be made better or improved--those with the entrepreneurial spirit can't help themselves. They are continually questioning why things are done the way they are and aren't afraid to go against the majority to make changes. It's impressive in an interview when a candidate has real questions for the business and suggestions and ideas on how existing product could be improved.
3) Optimistic about all possibilities
To be entrepreneurial by nature is to be optimistic. People with the entrepreneurial spirit don't spend time thinking about what they can't do, but instead ask themselves, "Why can't I?" When starting up, the odds of success are strongly against you, so you really need people are optimistic more than ever. Look for candidates that get excited by the idea of aggressive challenges and big goals. They are the ones will push the boundaries of what was once thought impossible.
4) They take calculated risks
In addition to optimism, entrepreneurs are predisposed to a high tolerance for risk. But it doesn't mean they jump blindly into action, it's instead the opposite. Those with the entrepreneurial spirit make calculated moves while understanding that there are never any guarantees of success. It's also the ability to work autonomously and be decisive. The playbook isn't always clear, so it's ideal to be able to say agile and adapt in a high degree of ambiguity.
5) Above all, they execute
I can't count how many times I've had aspiring entrepreneurs come up to me for advice on their untested ideas. My response is always to go out and act on your ideas first to get real feedback. That's because ideas are meaningless until they are acted on. Those with the entrepreneurial sprit realize that execution is everything when it comes down to success or failure. Find hire the people that have the drive to execute at all times, no matter what the circumstances.
Entrepreneurial spirit is a mindset. It’s an attitude and approach to thinking that actively seeks out change, rather than waiting to adapt to change. It’s a mindset that embraces critical questioning, innovation, service and continuous improvement.
Key Facts on Entrepreneurship
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Something, such as a thought or conception, that is the product of mental activity or An opinion, conviction, or principle.
The idea is the building block or seed that motivates the entrepreneur to move forward.
Entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure.
An entrepreneur is a person who starts a new business and usually risks their own money to start the venture.
Curious if Entrepreneurship is for You; utilize the A.S.K. Worksheet to help you gather a greater understanding of your passion and also take the Entrepreneurial Potential Assessment
These 20th-century entrepreneurs changed the world - Article by The Love Money Staff. Press below to see who those entrepreneurs are:
Cher Hale is the founder and director of Ginkgo Public Relations – a national boutique agency that believes in using storytelling and public relations as a force for good. They specialize in boosting visibility for underrepresented or marginalized authors, experts, and entrepreneurs through comprehensive communication and media relations efforts. As a first-generation Taiwanese-American, Cher is passionate about leveraging the power of media to tell diverse stories through online, print, TV, radio, and podcast mediums so she can play a role in reshaping how our society views social justice, give-back initiatives, feminism, and multiculturalism.
Where did the idea for Ginkgo Public Relations come from?
I had been freelancing online for a couple of years when one of my clients asked me if I would be willing to pitch podcasts on her behalf. Thanks to a couple of well-timed internships, I had the skill set to give it a try. Within six months, that service generated a record amount of income, and I was able to hire help to sustain the growth.
Since then, we’ve added more traditional PR services like editorial, TV, and radio pitching as well as outreach for speaking gigs.
Recently, we rebranded from my name to a separate agency name so I could let the business build its own social and economic capital.
I chose “ginkgo” as the primary symbol of the brand because it represents everything I want myself and my clients to remember: that, with the help of PR, our stories and the impact we want to make, can stand the test of time and that we’re resilient enough to keep speaking up — even in the face of certain rejection.
email - firstname.lastname@example.org
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