Young minds with fresh and innovative ideas having potential are aided to establish their own firms under the guidance of experts. There is a strong willingness among aspiring entrepreneurs especially amidst the youth to take risks and a vision to establish business models that would generate revenues and employment. Startups are strong pillars that directly contribute to nations’economic wealth as well as social development.Startups are the key to re-define and re-shape everything, from products and services, to governance, organizations, processes, people, economy, institutions, business and technology. Innovation fulfils the needs which cannot be met by conventional products, processes and institutional forms and can have a significant impact in terms of social and economic value. Startups are all about change and related opportunities to improve access, affordability, sustainability, efficiency, productivity and competitiveness.
MIDAS helps to bring out the entrepreneurs’ sense of self-efficacy which can play a major role in how they approach goals, tasks, and challenges. Entrepreneurs with high self-efficacy, that is, those who believe they can perform well, aremore likely to view difficult tasks as something to be mastered rather than something to be avoided.Knowledge or skill that one gets from doing something rather than just reading or observing is certainly an experience to learn from and remember.
To raise value-based, ‘no-excuse’ anti-fragile leaders who are appropriately skilled to deliver world-class goods and services in their sectors of influence.
Subheader: Youth Entrepreneurial Leadership Skill
Entrepreneurial leadership is the ability to help people in an influential way to have an increased capacity to recognize and exploit entrepreneurial opportunity.
From students to executives, our diverse programs can help you acquire the essential entrepreneurial leadership skills needed to shape the future.
Entrepreneurial leadership is both a skill set and a mindset—both of which can be taught. Entrepreneurial leaders stand out because they put people first and manage in a relational way. They inspire an entrepreneurial approach, which has the potential to create strong risk managers, exceptional uncertainty navigators, and highly skilled ambiguity explorers. These three traits work together, enabling entrepreneurial leaders to take action, solve problems, and create value while others are still analyzing the situation.
This goes far beyond business, allowing entrepreneurial leaders to impact organizations, the economy, and society as a whole.
No one is born with an entrepreneurial gene. The skills necessary to become an entrepreneurial leader risk management, continuous learning, deep collaboration aren’t reserved for a certain class, race, or gender. It doesn’t require dropping out of school to launch the next unicorn. Anyone can practice and develop entrepreneurial competencies and skills.
Entrepreneurial Thought and Action is a proven methodology for developing the skill set and mindset needed to not just launch a new business but also make change in an established company, lead a team, or create social impact. It allows leaders to effectively navigate uncertainty by continuously taking action in order to move forward.
You can apply it to innovating within a family business, creating a charity, or solving global social issues Midas allows for the establishment of sustainable organizations that can have a positive impact on the economy, as well as the environment and society.
War and pandemic. Climate change and clean water. Poverty and hunger. Racial and gender inequality.The endless list of complex challenges confronting humanity today is daunting. Plus, many are persistent problems that have plagued the planet for decades or longer. The real problem isn’t the problems themselves. One thing that keeps me up at night, as a leader, is why do we have these long-standing problems and challenges in the world?
By developing entrepreneurial leaders, measuring their capability and impact, we’re going to be more intentional and effective in promulgating Entrepreneurial thought & action in ways I don’t think we’ve even dreamed that we could do a few years ago. I think what we will see will be extraordinary.The necessary skills of entrepreneurial leaders, including cognitive flexibility and social competence, another process to grow the capability of entrepreneurial leaders, increasing collaborative efforts to tackle complex problems and create value.
The world has experienced some significant changes in the last 15 years.
Consequently, the world is experiencing increasing levels of a phenomenon collectively known as volatility, uncertainty, complexity, ambiguity, and hyperconnectednes.
This new world requires a different type of leader—the entrepreneurial leader.
Entrepreneurial leaders are not just risk managers; they are ambidextrous and are experts at navigating uncertainty.
On the other hand, uncertainty is about the unknown world: unidentified customers, uncharted markets, unproven technologies, unverified products, and untested business models. Uncertainty is full of unknowns, unsupported by data. We can’t calculate uncertainty. One has to make decisions without a spreadsheet and what-if analysis. Uncertainty navigators make decisions and take action even when data and spreadsheets aren’t available
Interested in doing the work to become a different type of leader? From finding opportunity and working with a team, to thinking big and taking action, here are eight steps to becoming an entrepreneurial leader.
For leaders, the first step in how to be entrepreneurial is to focus on opportunity.
An entrepreneurial leader is observant of their surroundings. They talk to people, they look at situations, and they read and see between the lines. You’ve heard it as “out-of-the-box thinking,” but it’s more than that. It doesn’t take a brilliant creative mind to be an entrepreneur if you’re a keen observer, you can see what others may not and that’s what it takes to identify opportunity, one of the most essential skills in entrepreneurship.
An entrepreneurial leader takes an opportunity-focused approach to situations and people. They ask themself what they can learn, what a new perspective could teach them, and how to find people and situations that can accelerate an opportunity.
More critical skills in entrepreneurship follow on this list. Next, remember that you don’t know it all. Students who have worked with me know that my mantra is that “the best leaders are learners.” The more you can develop a learning mentality, the better you’ll be at staying open to hearing new ideas, considering contrary points of view, and arriving at improved decisions.
Entrepreneurs start with the means at hand—like cooking a meal when you should have gone to the grocery store, but you ran out of time. It’s amazing what you can whip up in the kitchen with whatever is hanging around in the fridge and the pantry. Being entrepreneurial begins with what you know, who you know, and what you can find. Chief among those are other people.
Entrepreneurs as leaders think beyond their first idea and seek the input of others. Your ability to see beyond your first view is essential to identifying opportunity, inviting others in, and creating a welcoming culture for continuous innovation. This inclusive leadership style keeps in mind that there is more than one best way to achieve a goal. If that weren’t true, there wouldn’t be so much competition driving our world. Your ability to step back and let others offer their ideas is an important aspect of being an entrepreneurial leader.
This is where your personal network can come into play, the one you spent time building and maintaining. Networking is an essential part of being an entrepreneur and something that should practiced on a regular basis.
Don’t just find people; enlist and enroll them toward a common purpose. Entrepreneurs as leaders know how to get a group to truly operate as a team, creating collaboration and high performance that sparks more innovation. They also focus on how to bring out the best in others. Your curiosity and interest in what others are interested in is a key signal that you care about their ideas, experience, and point of view. By investing in your team and team members’ development, by having integrity in leadership, you build trust, loyalty, and engagement that is a key driver to making things happen.
Entrepreneurs as leaders imagine new possibilities, and paint the picture for others. Your ability to provide a vision of why the work you’re doing as a team is important, and where the team is going, is a key component of being an entrepreneurial leader.
Embracing entrepreneur abilities means being flexible and adapting to context, people, and feedback. Approaching situations with a learning mindset enables entrepreneurial leaders to take in new information and navigate shifting landscapes. A key to doing so is to consistently seek out and incorporate feedback from as many people and contexts as possible. As you gain further input, you build your vision for the future more strongly.
With the eighth and final step we come to one of the most important skills in entrepreneurship: the drive to take action. Being entrepreneurial means moving forward, even into the unknowable, ready to learn from both successes and setbacks. And, while some don’t exactly embrace ambiguity, entrepreneurial leaders recognize that one of the simplest ways to learn is to take a step, see what happens, adjust, and learn even faster!
Entrepreneurial leaders take initiative without waiting for orders. They take action and demonstrate progress toward identifying, shaping, and capturing opportunities. Rather than wait for permission, they are opportunistic and see possibilities where others see obstacles. They usually have a positive outlook about the future, as they are always trying to improve things.
Seasoned entrepreneurial leaders are problem solvers. They love a challenge. Through problem solving, these individuals can change the dynamics or help an enterprise’s competitive position in the market. They try to bring new value to the enterprise or society.
They forge forward into the future with disciplined and deliberate experiments that combine both emergent and analytical strategies. Entrepreneurial leaders understand when to use predictive, analytical thinking and when to use creative, emergent thinking. In essence, they act their way into tackling unknown problems with unknown solutions. The most successful leaders are pragmatic, and tend to fall in love with the problems, rather than falling in love with their solutions.
Failure does not deter entrepreneurial leaders. They would rather try and fail than not try at all, and they are often good at bouncing back from failure. This is revealed in a self-deprecating sense of humor and a willingness to laugh at oneself, as well as a strong internal locus of control. They believe that they alone are responsible for the outcome of their actions, and do not blame others for their failures. Those with an external locus of control usually attribute their failure or inaction to an external factor or source their bosses, their customers, industry regulations, their enterprise, or even national culture.
Agriculture is the engine that drives the economies of many low- and middle-income nations. But many young people do not see agriculture as a viable way to support themselves. They’ve watched their parents struggle and, instead, choose to migrate toward urban centers hoping for better opportunities that often fail to materialize.
Growth and self-dependency can only be achieved through adopting strategic activities that involve the youth. The youth embody the strength and hope for a better tomorrow in every community. Unfortunately, youth are often rendered incapable of living up to that expectation. Youth, especially in rural communities, are mostly uninformed or limited by a dearth of knowledge and access to resources. These challenges stand in the way of a bright future. However, mitigating these challenges is possible through the collaborative efforts of people and organizations who are passionate about the progress of this revolution.
The youth we work with are constantly growing, whether it’s starting small businesses or paying it forward in their communities, they are in the process of becoming the leaders of tomorrow.
Whether you’re passionate about fashion, cosmetology, music, or any other skill, we have the tools and guidance to help you succeed. Join our community of changemakers and take the first step towards a brighter future. Enroll now and start your journey to success with MIDAS!”
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