Millennials are entrepreneurs. In organizations where Millennials are successful, they have been given the opportunity to take on projects, to lead initiatives, and to use their creative and entrepreneurial mindset.
Having the entrepreneurial mindset is one thing, but knowing how to effectively lead and to implement an idea is another. To keep Millennials engaged and successful, mentoring them in the application of the entrepreneurial mindset is key.
A good example is eBay’s orientation for recent college graduates. They create teams tasked with developing innovations which are then presented to a board of eBay executives. The participants learn a great deal about process, collaboration, and implementation, and the executives benefit from the generation of new, patentable ideas.
Being able to participate in such initiatives will keep you, as the employee, inspired and engaged. Though not all companies will have programs such as the one at eBay, you can ask the following questions to get an idea of what may be available:
- When a team is tasked with a new project, are they given ownership of the process? Are they allowed to run with an idea without being “told what to do?” Are teams small enough to facilitate intensive work and collaboration?
- How are ingenuity and results valued?
- Are risk-taking and experimentation valued?
- Is failure seen as an opportunity for growth?
Finding an organization that values risk-taking and experimentation will keep you interested and invested at work. Knowing that you can fail and see it as a step to success will be inspiring. Finding a company culture that values the chance to fuel your entrepreneurial mindset will ensure your desire to commit to and to grow within the organization.