Startups

Keep up to date via our blog on current news and trends affecting start-ups, with advice, tips and inspiration...

View by category:

Leaders need to stand for more than a well-run company

24th August 2017

By Chris Sheppardson, Trustee

As an entrepreneur myself, who has met and dealt with many hundreds of other entrepreneurs over the years, one commonality we all have is that failure has played a central role in our success.  Despite this, so many entrepreneurs have their mind set dominated by a fear of failure that could, in truth, unleash the true power of their potential.

In the UK particularly, there is an underlying fear of failure.  This creates a barrier not just to personal development but also to business leadership.  Innovation continues to be of importance to businesses today and many entrepreneurs want to actively encourage disruption within their sector but how many can truthfully say they have activated real innovation within their business? 

I believe there is two barriers that come into play here, the first being that corporates are generally risk averse.  They have developed strong internal processes to manage business and there is simply no chance that disruption will succeed.  Change is therefore needed; leading strategic thinkers are also moving beyond a focus on traditional product and service categories to seek out innovations in business processes, distribution, value chains, business models, and even the functions of management. So which school of thought is correct and will win at the end of the day?

If the former is true, then it suggests that those with vision and open to taking on risk will encounter barriers along their road. If the latter, then company cultures need to also accept that failure will happen and that there needs to be a major change in the cultural psychology of business - but people need to trust leadership again for this to happen.

Some also believe that the younger generation of entrepreneurs are not accountable but is that really true?  I would argue that perhaps they simply lack the confidence to take risks.  Is the truth more likely to be that the system they grew up in, does not allow for failure? 

share this article:

close article

NEWS

The Brand Foundation is often mentioned in press articles where comment relating to startups and entrepreneurs is needed; keep up to date with the latest news and features...

View by category:
  • A journey into intrapreneurship and disruption with Jerry Brand

    Think Tank - Book Your Tickets Here

    24th March 2017
  • Britain’s startup community reacts to Theresa May’s plans to trigger Article 50 next week

    Elite Business

    21st March 2017
  • How to improve your company's cash flow - and avoid going bust

    Management Today

    17th March 2017
  • How to Bounce Back from a Business Failure

    Natwest Content Live

    13th March 2017
  • How to be a happy entrepreneur

    Virgin.com

    27th February 2017
  • Jerry Brand launches FREE business modelling tool for entrepreneurs JERRY BRAND LAUNCHES FREE BUSINESS MODELLING TOOL FOR ENTREPRENEURS

    Just Entrepreneurs News Coverage

    21st February 2017
  • Jerry Brand Launches Free Business Tool fro Entrepreneurs

    Just Entrepreneurs

    21st February 2017
  • Deal with the objection: You’re a startup, so can we have a better deal?

    Business Zone News Coverage

    31st January 2017