If your motive is only to make money
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If your motive is only to make money

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In support of talk by Darring Disley on mindsets and motivations of entrepreneurs

In support of talk by Darring Disley on mindsets and motivations of entrepreneurs

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If your motive is only to make money Document Transcript

  • 1. If your motive is only to make money you are more than likely to make verydifferent choices than if you want to change the worldEnterprise Tuesday has had its next inspirational speaker – Dr Darrin Disley –parallel biotech entrepreneur and founding CEO of Horizon Discovery. His talkwas focused on motivation and mindsets.We have posted his slides to www.xcxcxcxcxc I would look at them as they helpto summarise definitions of mindsets from literature.Darrin talked about two basic mindsets – one that says I have what it takes andnow I shall go forth and leverage that (fixed) and the other which is growthoriented that says I shall keep on learning and adapting. Of course Darrin isBritish – and I am kind of with him on this – there is a third way – thetransitional mindset – whereby if we accept we are who we are then we begin torealize what we need to do to change – but if we are delusional about ourmindset being completely open – then we may well actually be stuck!!There is an irony – and only your own strong sense of self-awareness and areality check from people who care and are honest will affirm this. Why is itimportant?Entrepreneurship and entrepreneurial behaviours require us to have anappreciative mindset; where we always see opportunities for new things, seepossibilities in events, people and actions. A strong analytical mind that looks forpitfalls and problems will too quickly focus on narrowing down options when inreality we need to be open and adapt to changes. We need to be agile, alert toopportunities and be able to listen to customers and general feedback. Of coursethis does not mean you park your common sense or critical ability.This kind of mindset turns problems into opportunities and perhaps reduces afear of failure too – which is so important in entrepreneurship. I think it is onlywhen 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 hotbuttons that exist to get people moving towards a purpose. In his case – a strongsense of independence, desire to help, need for recognition were among thedrivers. Until we know what ticks our boxes and those of our team members wewill not have a united team that functions towards a common purpose. Darrintold us his story via the “good, bad and ugly” companies he had started andworked on.In the end – it is very clear that in the case of this entrepreneur – vision andvalues are the bigger drivers than economic gain – although economic gain isalso finally important – afterall how do you measure the eventual ability to giveback unless you make something in the first place.His current success is Horizon Discovery and several investments in startups.Thank you Darrin.