WEBVTT

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What is the very?

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Let's say critical element

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if somebody wants to step into this journey

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And do we all need to get on this journey?

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That's a good question

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I think that a successful business

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which is a system, which creates value for customers and jobs for people

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It should be grounded in authentic demand and

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it's the people working in the business have many roles

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And there's a difference between working in the business

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and working on it, and entrepreneurs need to work

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need to move towards working on the business

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directing and guiding and leading

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but in the beginning they're going to be in it and on it.

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They're going to be

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in the kitchen, so to speak cleaning up and doing work and

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But eventually if they want to grow and scale and create more jobs and more growth

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in their company then they would need to systematize

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and step back, and create documented systems that can be repeatable

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But everyone can have an entrepreneurial mindset

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and my great-grandfather did this in his business

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He had this concept called blue sheets, and you've heard of Blue Sky Thinking.

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This is back in the 1920s

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He had every department

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and not too far away from any worker is a sheet of blue paper in a box

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And anyone can write down any idea for improving.

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This Is 1920, this is before The Toyota Way

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Wow - which is a similar mindset

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And my grandfather collected the blue sheets

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and people read them all, and any idea which they felt could be implemented to improve

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production or worker welfare

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or anything would be implemented in that person would get credit.

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They would get

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Awards

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Financial awards

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Recognition and so this was highly motivating

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and so everyone in the whole business was entrepreneurial