4 3 ver2 Idea generation

What is the very?

Let's say critical element

if somebody wants to step into this journey

And do we all need to get on this journey?

That's a good question

I think that a successful business

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

It should be grounded in authentic demand and

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

And there's a difference between working in the business

and working on it, and entrepreneurs need to work

need to move towards working on the business

directing and guiding and leading

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

They're going to be

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

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

in their company then they would need to systematize

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

But everyone can have an entrepreneurial mindset

and my great-grandfather did this in his business

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

This is back in the 1920s

He had every department

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

And anyone can write down any idea for improving.

This Is 1920, this is before The Toyota Way

Wow - which is a similar mindset

And my grandfather collected the blue sheets

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

production or worker welfare

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

They would get

Awards

Financial awards

Recognition and so this was highly motivating

and so everyone in the whole business was entrepreneurial