Collaboration and Entrepreneurship – Collaborate to Succeed
Whether you are just a budding entrepreneur, or you have been in the business for quite some time, it is important for you to have the ability to work with other people.
The truth is, researchers, academics, and business leaders who are studying entrepreneurship all recognize information sharing and collaboration as important as the more obvious set of skills like determination and opportunity recognition.
There are many studies and research that included collaboration as among the most crucial elements of an entrepreneurial mindset, which is a critical mixture of the success-oriented attitudes of intelligent risk-taking, initiative, opportunity recognition, and collaboration.
In a way, the important role of collaboration goes against the stereotypes and ideas most people have when it comes to entrepreneurs, wherein they are often thought as tinkering genius loners who toil in a suburban garage.
This does happen but the truth is, this part of the arc of entrepreneurship is more closely aligned with drive and persistence than working alone.
The truth is entrepreneurs are not just good at sharing ideas and information. They are usually eager for the reviews and opinions of others, and include the other’s best ideas into their own thinking. Although it may be possible to unravel a great idea on your own, turning inspiration into implementation as a one man team is a very unlikely path.
Thriving entrepreneurs usually cite knowing what they are not doing well as crucial to their success. According to definition, it is a requirement to be able to collaborate.
Even aspiring and proven entrepreneurs, you will still hear fears which stem from the thought of sharing an idea. Almost all creative thinkers who value their idea feel hesitant when it comes to sharing which is often rooted in the fear of idea theft. It is definitely real fear to worry about someone who steals a great idea. But, this is not usually a real thing.
The ones who don’t really get past such concern understand that the benefits of collaboration in entrepreneurship far outweigh no matter what the risk might be involved. The truth is, more and more in the world of shared economy and open platforms, brand new great products all come together as the result of numerous collaborators.
Embracing and understanding the necessity to collaborate is so essential that almost all courses and programs that teach entrepreneurship incorporate team-based project work. There are now curriculum which start with team innovation challenges. Through starting in competitive and small teams, students saw the perks of collaboration in attaining a common goal.
With the development of entrepreneurial skills, and you can experience, the best entrepreneurs also embrace collaboration as one way to include and seek out different views. This by itself already has real value. Based on reports, companies that have more diverse top teams were top financial performers a well. This is probably not a coincidence.
If you are an entrepreneur, especially if you are merely starting, collaboration is not only important because it is as important as the very idea itself. Make sure that you make collaboration part of your journey to entrepreneurship.
- Globalie Blog Team
( Globalie - The Global Innovation Ecosystem, or Globalie, is an independent, non-partisan, coalition of international leaders focused on social enterprise )