Leadership in Manufacturing - E42: Challenges around entrepreneurship (the good, the bad and the ugly side)

E42: Challenges around entrepreneurship (the good, the bad and the ugly side)

07/05/22 • 35 min

There's no doubt that entrepreneurship is exciting and rewarding. But there's also a lot of hard work involved. And sometimes that hard work isn't glamorous at all. That's why curiosity is important. Curiosity helps you understand the not glamorous side of entrepreneurial life. In this episode, we have guest Eric Lo, CEO and Co-founder at Krado Inc. Eric talks about the "pretty" and "ugly" sides of entrepreneurship and shares his experience when starting Krado (a plant care startup using data from sensors, and guidance from expert growers). He talks about the one thing you really need as an entrepreneurial person is curiosity, you need to be interested in the unknown and want to dive deep into it, this is the most important thing for you to keep yourself alive in this business. Eric also talks about the need for entrepreneurs to be "on their feet" learn new things constantly and adapt to constant rapid changes. "The biggest thing you have to do is believe in yourself. That's the biggest hurdle" Eric Lo. Key Takeaways: Entrepreneurship is a journey of learning. The biggest thing you need to do is believe in your ability to succeed. That's the biggest obstacle Failing means you're pushing hard. Failing means you're learning When you're curious about something, you ask questions. You don't just sit back and take things for granted. You explore, experiment, and try different approaches. Curiosity also means being willing to explore new ideas, new ways of thinking, and new experiences. Entrepreneurship is a journey, and you need to be open to exploring new paths, new places, and new people. In short, curiosity makes you better prepared for entrepreneurship. You can reach Eric on LinkedIn: https://www.linkedin.com/in/eric-lo-krado/ or visit Krado: https://www.krado.co/ For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #futureofwork #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #startup #communication #problemsolving #peoplecentric #companyculture #professionaldevelopment #podcast #innominders

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E41: Don't underestimate the value of internal communication

As organizations become increasingly complex, innovative, and fast-paced, they need leaders who can build strong relationships within their teams and across organizational boundaries. Communication is essential because it helps you understand where your team members are coming from and what they need. Internal communication also allows you to build trust between your team members and yourself, which leads to better collaboration and faster decision-making. Change management is a critical factor in any organization. It requires planning, communication, implementation, and evaluation. Change management is not just about changing the status quo; it’s about creating new behaviors and attitudes. It’s about building a culture of continuous improvement where people are empowered to improve processes and outcomes. In this episode, we have guest Caleb Gardner, Founding Partner & Managing Partner at 18 Coffees. Caleb talks about effective communication and how important it is for managers to communicate with their teams and to their managers. He also talks about what it takes to succeed with change and that it's really important to get the right team together to lead the change at all levels. Another key point is how we underestimate the value of internal communication amongst our employees and staff and other stakeholders. You need to be able to get people involved and use communication as an important part of the toolkit and start planning for communication up front when working on change management. "If we don't get the people who are actually doing the work bought in on this new direction, it's not really going to be successful" Caleb Gardner. Key Takeaways: That the pandemic showed us that our assumptions about the nature of work were based on norms not necessarily anything that was of value. Communication planning is an essential part of the toolkit for change management. It has never been more important for businesses to build strong teams of employees who can adapt to changing conditions. But internal communication isn't only about sharing information. It's also about keeping everyone informed and involved. So don't overlook internal communication during the early stages of your change management initiative. We need to be curious about what others may have done before us and be open to trying new things. We must be collaborative and allow other people to contribute their own ideas. And we should always disrupt ourselves and our environment to see what else might come out of it. you can reach Caleb on LinkedIn: https://www.linkedin.com/in/calebgardner/ or learn more right here: https://calebgardner.com/ For more content like this, subscribe to Mind The Innovation on Apple or Spotify or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #futureofwork #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #communication #problemsolving #peoplecentric #companyculture #professionaldevelopment #podcast #innominders

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E43, Entrepreneur or corporate explorer? A new choice for innovators

Corporate explorers are people who use their experience within a corporation to help launch new ventures. The biggest difference between corporate explorers and entrepreneurs is speed. Entrepreneurs tend to focus on creating a great product and growing it organically, whereas corporate explorers tend to focus on finding a market and scaling rapidly. In this episode, we have guest Andy Binns, Director and Co-Founder of Change Logic, LLC Andy talks about how corporate explorers are individuals who build innovative businesses within corporations. He talks about the rise of corporate explorers as one example of how companies are stepping up their efforts to find, nurture, and deploy new technologies. Corporations already own the ideas, resources, and critical talent to create disruptive innovation. But they need a way to bring these innovations to market quickly and efficiently. He also talks about how corporate explorers are an important part of this process because they can help identify promising technologies that might not be obvious or easy to develop on your own "I look at a Corporate Explorer and I see not only somebody who is driving a new business and new business model and new capability but also incubating a culture." Andy Binns Key Takeaways: When you hire a Corporate Explorer you should expect them to bring new ideas into the company, and help change the culture Corporate explorers are people who use their experience within a corporation to help launch new ventures Creativity is the most important skill in today’s workplace and creativity is about originality, innovation, and risk taking Corporate explorers can bring their knowledge of how things work in a big company to the table. They understand what resources are available to them, and can leverage those resources to make a successful business. The role of corporate explorers is evolving as companies look to build more strategic partnerships with startups and other external partners, but it’s still critical to have them in place. As we move into a new era of innovation, where technology will play a larger role in driving business growth, these corporate explorers will become even more essential. Corporate explorers are the bridge between your company and the startup ecosystem. They help you understand what’s happening on the ground, how startups are using emerging technologies, and how they can be applied to your own products or services Explorers don’t just look at things from one perspective. They see what others might miss. Explorers think differently about problems. And they take risks. So how do you become an explorer? Start by asking yourself some questions. Are you curious about everything around you? Do you like learning new things? If you answered yes to both of those questions, you’re ready to start exploring. You can reach Andy on Linkedin: https://www.linkedin.com/in/andrewjmbinns/ or learn more about the Book: Corporate Explorers: https://www.thecorporateexplorer.com/book For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #futureofwork #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #corporateexplorer #startup #communication #problemsolving #peoplecentric #companyculture #professionaldevelopment #podcast #innominders