• 20 Jun 2017 9:05 AM | Anonymous

    Dear Members:

    My younger daughter recently graduated from high school. As she reached this major milestone I was reminded by my older daughter’s gift of how much we are influenced by the people around us. How much impact one person can have on another person’s life. By now you’re wondering what does this have to do with business. I’ll get there.

    The gift my daughter, Hope, gave to my younger daughter Jordan, was the book by Dr. Seuss, Oh, the Places You’ll Go. She asked the most important people in Jordan’s life to write her a letter. The letter their grandfather wrote said all the things you would expect from a loving grandfather. But he went a step further and gave my daughter strong guidelines for a business manger. I’m going to share an excerpt with you:

    “As I progressed through the management ladder I found that while a degree was important it did not determine success. The most important quality to managing people was the ability to lead them in a manner that would implement and follow the policies of the company, so that the company would be successful and profitable.

    I found there are just a few principles to successfully manage people:

    Always treat everyone as you would like to be treated.

    Let them know they work with you -not for you.

    Maintain the highest level of integrity.

    Never look down on anyone-no matter their position.

    Treat everyone fairly.

    Always keep in mind it is nice to be liked, but more important to be respected, and this can only be accomplished by the example you set. All of these principles apply to everyday life."

    As I look back I realized that I have incorporated these values my father so eloquently worded to my daughter into my life and that both my daughters have been incorporating  those values into their everyday life.

    Work hard, …….

     

    Peggy White, PCCC Executive Director


  • 12 Jun 2017 10:52 AM | Anonymous

    Dear Members:

    Years ago while working in an art gallery in Texas, and later in Virginia, I came to the realization that artists posses an entirely different mindset from entrepreneurs;  one that is geared towards creativity,  but not towards business finesse.  Years later while owning a business, and observing the approach of my father-in-law (who came from a pure academic background and at one time served as the Dean of Admissions for Davidson), I realized the difference in academic and business mindset. There is nothing wrong with different mindsets, and that is certainly what makes the world go around, but it is important to understand these mindsets since it effects the approach to problem solving.  I found an article written by  Kerry Ann Rockquemore that addressed these differences from a professor's journey from professor to CEO.

    There were five major differences between the academic and entrepreneurial mindset, which I will share her words with you now.

    1. Academics move slow. Entrepreneurs move fast.

    As an academic my approach to change was to move slowly, deliberately and cautiously. I believed that the best way to minimize mistakes was through extensive conversation, committee meetings, producing volumes of written material, etc. In other words, the best way to make a decision was by slowly moving through a process that involved lots of talking, thinking and analyzing before doing anything. As an entrepreneur I act first and analyze later. Quick movement is essential because my goal is to get into action and fail as fast as possible. Every time I fail, I can evaluate what worked (and didn't work), make quick adjustments, and get back into action. Failing gives me lots of data that I can use to adapt as I'm moving forward.

    2. Academics study problems. Entrepreneurs solve problems.

    As an academic researcher, my primary goal was to thoroughly analyze the cause of problems. I would spend my time going as deeply as possible to the root of the problem and fleshing it out in all its glorious complexity. As an entrepreneur, problems are to be solved and the cause may (or may not) be relevant to an effective solution. Being solution-obsessed means I spend my time experimenting with solutions and measuring outcomes.

    3. Academics function in constraint. Entrepreneurs create possibility.

    As an academic at a public university, I was embedded in an environment of shrinking resources and a culture of constraint (there's no budget - state funding is shrinking, you have to do more with less, etc.). This was such a constant pressure over time that it shaped the parameters of my thinking to the point that any brainstorming about solutions started with, "What can be done with no resources." As an entrepreneur, it's critical to first dream up solutions without any constraints and then figure out how to make what you imagine a reality. Instead of assuming no resources are available, entrepreneurs trust that resources can always be generated to fund good ideas.

    4. Academics focus on patterns. Entrepreneurs focus on the exceptions.

    When I talked about starting a business, almost every conversation with an academic involved the data on the percentage of new businesses that fail. Most of these conversations occurred with social scientists who observe patterns and calculate probabilities as part of their research. The implicit message was that most businesses fail, the probability is high that yours will fail, so why bother trying? The entrepreneurs I talked to focused on the small percentage of businesses that are highly successful. The implicit message was that there are exceptions to every pattern, so you'll want to focus on how to be one of the few who succeed.

    5. Academics loathe promotion. Entrepreneurs live to sell.

    From my academic mindset, promoting myself, my work, or my ideas was unseemly. I was professionally socialized to believe that people should quietly do good work, submit to the review of others, and then let that work speak for itself. As an entrepreneur, I'm in love with the solutions I offer so I'm constantly making invitations to people to step into our programs because I've seen the transformations that occur as a result. There is no shame in my game whatsoever; in fact, I feel it's a disservice not to let people know what we have to offer.

    Reading about the differences between an academic and entrepreneurial mindset may have caused a bit of discomfort! Whether they resonate with you or not, I'm drawing out the differences because I want to raise your awareness that while an academic mindset is perfectly suited to teaching, knowledge production and campus life, it may keep us from quickly getting into action when it's time to make our big ideas a reality.


    Work hard, be productive and above all else stay positive.

     

    Peggy White

    Executive Director

    540-674-1991

    peggywhite@pulaskichamber.info


Pulaski County Chamber of Commerce

4440 Cleburne Blvd., Dublin, VA 24084

540-674-1991

info@pulaskichamber.info 

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