Wednesday, 14 November 2012
If your motive is only to make money
.....you are more than likely to make very different choices than if you want to change the world Enterprise Tuesday has had its next inspirational speaker – Dr Darrin Disley – parallel biotech entrepreneur and founding CEO of Horizon Discovery. His talk was focused on motivation and mindsets. Darrin talked about two basic mindsets – one that says I have what it takes and now I shall go forth and leverage that (fixed) and the other which is growth oriented that says I shall keep on learning and adapting. Of course Darrin is British – and I am kind of with him on this – there is a third way – the transitional mindset – whereby if we accept we are who we are then we begin to realize what we need to do to change – but if we are delusional about our mindset being completely open – then we may well actually be stuck!! There is an irony – and only your own strong sense of self-awareness and a reality check from people who care and are honest will affirm this. Why is it important? Entrepreneurship and entrepreneurial behaviours require us to have an appreciative mindset; where we always see opportunities for new things, see possibilities in events, people and actions. A strong analytical mind that looks for pitfalls and problems will too quickly focus on narrowing down options when in reality we need to be open and adapt to changes. We need to be agile, alert to opportunities and be able to listen to customers and general feedback. Of course this does not mean you park your common sense or critical ability. This kind of mindset turns problems into opportunities and perhaps reduces a fear of failure too – which is so important in entrepreneurship. I think it is only when the desire for success out weighs the fear of failure that we can act. On the topic of motivations – Darrin set out the literature on the topic of the hot buttons that exist to get people moving towards a purpose. In his case – a strong sense of independence, desire to help, need for recognition were among the drivers. Until we know what ticks our boxes and those of our team members we will not have a united team that functions towards a common purpose. Darrin told us his story via the “good, bad and ugly” companies he had started and worked on. In the end – it is very clear that in the case of this entrepreneur – vision and values are the bigger drivers than economic gain – although economic gain is also finally important – after all how do you measure the eventual ability to give back unless you make something in the first place. His current success is Horizon Discovery and several investments in startups. Thank you Darrin.