How can we help you today?

Fill in the form below so we can explore ways to reach your goals or call us at 1800 577 346.

1 / 2
x
How can we help you?
One last step

Leave your details below and we'll be in touch.

Confirmation
2 / 2
x
Previous
Next step
Thanks! We have received your form submission, I'll get back to you shortly!
Oops! Something went wrong while submitting the form

The 4 Ps of Innovation and Entrepreneurship

The 4 Ps of Innovation and Entrepreneurship
What's new: K-Startup Grand Challenge 2020 for Australian/New Zealand Startups! More information here.

The 4 Ps of Innovation and Entrepreneurship

When it comes to innovation and entrepreneurship...

A number of core qualities or attributes are fundamental to success, which are best encapsulated by the following four Ps. 

Purpose and Persistence

Doing something new and truly disruptive is incredibly tough. Unless you really believe in what you are doing and it's driven by a greater purpose or good then you are unlikely to have the staying power to see it through to product market fit and scale.

Airbnb made $200 a week in their first year. They made their own line of cereal (called Obama O's) to make ends meet before they eventually broke through to become the US$30B company they are today.

Passion flows from purpose, not the other way around. People often say you need to be ‘passionate about your idea’ but unless that passion is met with a healthy dose of purpose, then it is unlikely to sustain you when the going gets tough.

Tip: Don’t just get into it for the money alone or because you find the lure of innovation and entrepreneurship intoxicating. Do it because you believe in the impact you’re working towards delivering. 

People

Michael Dell once said that “ideas are a commodity but execution of them is not” and getting the right people on the bus is key to execution.

You're unlikely to get far if going it alone or with the wrong team.

As Richard Branson says "I hire people smarter than me, empower them with a mission, give them the resources they need to succeed and get the hell out of the way".

Tip: Keeping the wrong people off the bus is just as, if not more important, than getting the right people on it. Be very careful about who you let onto your bus, particularly if it’s a ‘mini bus’ where one person can change the entire dynamic.

Proactivity

The first habit in Stephen Covey's classic 7 Habits of Highly Effective People is "be proactive".  

It's all well and good to attend a Tony Robbins event or *insert motivational seminar here* and walk away feeling super enthused with self-belief and confidence levels at an absolute high but what guys like Tony Robbins also talk about is acting on that belief.

Every. Damn. Day.

Less hypothesising inside of the building and getting things perfect. More doing, learning, iterating and moving towards whatever your definition of success is.

Tip: One thing that separates success from failure is doing the work even when you can’t be bothered, even when every fiber in your body says no and when the comfort and warmth of your bed seems the better option. Remind yourself that water cuts through rock not through power but through persistence and that the micro contributions of every day will slowly get you to your goals, even if it feels like you’re standing still.

Final thoughts

Getting out of bed in the morning is something even Roman emperors struggled with and had to self-talk their way in to.

The philosopher king Marcus Aurelius, mused in his journals almost two millennia ago, that “at dawn, when you have trouble getting out of bed, tell yourself ‘I have to go to work as a human being. What do I have to complain of, if I’m going to do what I was born for, the things I was brought into the world to do? Or is this what I was created for? To huddle under the blankets and stay warm?’ Don’t you see the plants, the birds, the ants and spiders and bees going about their individual tasks, putting the world in order, as best they can? And you’re not willing to do your job as a human being? Why aren’t you running to do what your nature demands?”

FREE EBOOK

100 DOS AND DON'TS FOR CORPORATE INNOVATION

To help you avoid stepping into these all too common pitfalls, we’ve reflected on our five years as an organization working on corporate innovation programs across the globe, and have prepared 100 DOs and DON’Ts.

No items found.

Steve Glaveski

Steve Glaveski is the co-founder of Collective Campus, author of Time Rich, Employee to Entrepreneur and host of the Future Squared podcast. He’s a chronic autodidact, and he’s into everything from 80s metal and high-intensity workouts to attempting to surf and do standup comedy.

Ask me a question!