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Advocates for Entrepreneurship/Intrapreneurship

At FountainBlue, we believe in the value of taking initiative, being proactive, thinking innovatively, whether in a corporate setting or while part of a start-up team. We believe in balancing the advantages of working in a small organization and the advantages in working in a corporation.
 

Advantages of being in the Corporate World:

  • Financial Strength

  • Marketing and Operational Strength

  • Brand

  • History and Track Record

  • Strategic Focus

Advantages of Having an Entrepreneurial Mindset:

  • Innovative, out-of-the box thinking

  • Self-Motivated

  • Passionate

  • No History and Track Record (advantage and a disadvantage)



Adopting an 'preneurial mindset has some key values:

CREATIVITY. Their work and thoughts fuel innovation.
PASSION. They are more likely to work harder and inspire others to do the same.
PERSISTENT. They are not easily deterred from their focus on producing results.
RESOURCEFUL. They find ways to get the money, people and support to get things done.
LABILE LEARNERS. They learn from their mistakes.

Qualities

Entrepreneurs

Intrapreneurs

CREATIVITY.

Pros: Their work and thoughts fuel innovation.

They have freedom to create without constraints.

Cons: At times, their creation does not support a market need

Pros: Their work and thoughts fuel innovation. They have resources and strategic focus of organization

Cons: The pace and processes in a corporation may frustrate intrapreneurs.

PASSION.

Pros: They are more likely to work harder and inspire others to do the same.

Cons: Sometimes passion does not address strategic or market needs.

Pros: They are more likely to work harder and inspire others to do the same.

Cons: The pace and processes in a corporation may frustrate intrapreneurs.

PERSISTENT.

Pros: They are not easily deterred from their focus on progress.

Cons: Sometimes progress is not well-defined and not strategic.

Pros: They are not easily deterred from their focus on progress.

Cons: The pace and processes in a corporation may frustrate intrapreneurs.

RESOURCEFUL.

Pros: They find ways to get the money, people and support to get things done.

Cons: Sometimes the lack of resources, the lack of alignment to market needs, the lack of support structure and other factors may limit an entrepreneur's success.

Pros: They find ways to get the money, people and support to get things done.

Cons: The people, pace and processes in a corporation may not welcome this behavior.

LABILE LEARNERS.

Pros: Entrepreneurs learn from their mistakes

Cons: Sometimes there is not enough time/resources to learn

Pros: Strategic initiatives adopted

Cons: Intrapreneurs may not be permitted to experiment

Articles about Entrepreneurship

FountainBlue is pleased to speak on entrepreneurship and intrapreneurship to companies and associations across the valley. See our Something from Nothing: A Message to the 'Preneur in You  for more information about our speaking topics.

We are also pleased to write articles about entrepreneurship and speak on the topic. Below is a summary of the articles we've written and the conversations we had on the topic of entrepreneurship.


PWC StartUp radio show
with Steve Bengston, featuring Linda Holroyd
March 15, 2007
http://wsradio.com/internet-talk-radio.cfm/shows/PricewaterhouseCoopers-Start-Up-Show.html

 

INTRO: Our next guest, Linda Holroyd, is founder and CEO of FountainBlue, a for-profit that promotes entrepreneurship. She is also writing a book on entrepreneurship called "Something from Nothing: A Primer for the Entrepreneur in You. Linda. 

Tell me what you mean by 'Something from Nothing'?
I define an entrepreneur as someone who has a new way of doing something that may defy current convention, coupled with the passion and the persistence necessary to generate results. The 'Something from Nothing' concept is a celebration of the spirit of entrepreneurship, the innovation, creativity and out-of-the box thinking that fuels the economic engine for a person, a company, a nation.

The 'Something from Nothing' concept is not just about entrepreneurs with the novel idea that launch companies. It is also about the corporate executives at all levels who think outside the box and integrate new ideas to broaden products and markets, leveraging the strengths of established corporations, from existing customer base, to infrastructure, to operational and process support, to distribution channels. 

How does the 'something from nothing' concept fit with your current organization FountainBlue?
'Something from Nothing' also stands for combining the stable, solid resources of organizations and investors (represented by the 'Fountain' in the name) with vibrant, creative, innovative energies and ideas (represented by the 'blue' in the name). FountainBlue's business is to connect people with good ideas with people who have the finances, resources, and skills to help them succeed. Making the introductions and connections will help entrepreneurs to navigate what people have called the 'valley of death', the challenges that prevent most start-ups from succeeding. These hurdles might be legal problems or business plan creation problems, or management team challenges and product development challenges.

FountainBlue produces six events a month to convene the region's leaders in the high-tech, life science and clean energy industries. In addition, we refer entrepreneurs to the service providers who assist in navigating the 'valley of death', to prepare them for introductions to the investors, and we consult with larger, established companies on integrating new ideas and concepts into existing product and service offerings. And from the people side, we develop a leadership pipeline focusing on mentorship programs, and work with our clients to foster a culture embracing entrepreneurship and innovation.

What is your advice for helping entrepreneurs generate momentum with little resources?
We launched FountainBlue in January 2006, and are pleased with the momentum generated, the communities established, the quality of our programs, the caliber of our partners, and the success of our customers. We started with a big idea: to positively impact the way organizations work, one conversation, one leader, one organization at a time. Here is some advice for how you can leverage our lessons to create something from nothing:

  • Start with the Heart – Know what you're passionate about.
  • Integrate the Head – Understand what you know about your own strengths and weaknesses and intersect that with your passion and the needs of the market.
  • Develop a Plan Before Acting – (the Hands Phase) Create a plan on how to get from where you are to where you want to be, and just as importantly, what people and organizations can help you get there.
    Find a Win-Win Solution – work with people you can trust and find a collaborative path to success for both of you.
  • Measure your results – Focus on milestones and quantifiable results.

What is your advice for executives to integrate innovative ideas in a corporate setting?

  • Integrate the same heart/head/hand concept – follow your passion, intersect it with the needs of the market and your skill set, and plan and act in alignment with both your passion and the organization's needs. 
  • Think and act outside the box; follow the HP way of informed dissent, and welcome others in your organization to do so, while focusing on business results. This is the best way to leverage the creativity and diversity around us, the kind of innovative thinking which brings business results.
  • Build relationships that are more bigger and important than goals
  • Persevere despite adversity
  • Welcome process, but know its place

The notes above are copyrighted by FountainBlue in 2006-08 and all rights are reserved.

You have our permission to forward the link to this page to others, or to copy and send excerpts of the notes to others, provided that they are INTACT, and provided there is proper acknowledgement for our speakers and to FountainBlue.

Copyright 2006-2008, all rights reserved.
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