Entrepreneurial mindset in changing environments

19/02/2015

The journey to reaching your vision will involve a number of stages or interim goals – the key milestones that will be your targets along the way, providing a route to your dream. Each stage will represent a progression either personally or professionally – or both, depending on your vision. As your goals move on, so will the circumstances you find yourself in and the challenges you’ll face. It’s likely that decisions you have to make will become more demanding and the risks more acute. To handle this changing environment, you’ll need to progress personally, shifting your mindset to a new level at each stage.

The critical steps in growing a business or embarking on a challenging new project will place pressure on the way you think – it will push you into new areas and possibly further than you have gone before. It’s likely to stretch your abilities to the limit. So it’s important to adapt your way of thinking to be able to cope with the new risks and challenges each new situation brings. Otherwise you will find yourself frozen like a rabbit in the headlights, unable to make the necessary decisions to take you forward.

Successful entrepreneurs, for example, will tell you that growing their companies tested their capabilities to the breaking point. How comfortable will you feel if you need to give a personal guarantee to secure bank funding, or learn new skills to support the growth of your business or personal project?

To prepare yourself for the climb ahead, it pays to work out the different challenges you’ll face as you move from achieving one goal to embarking onto the next, so that you can be mentally ready to deal with them. Viewing each goal as a step towards your vision will help you to define the mindset that you need to develop to negotiate each stage successfully, allowing you to move forward with focus and clarity of thought.


John Leach – An interview with Global Innovation Magazine

03/02/2015

This interview with John Leach, Non-Executive Director of Trustech was published in the Global Innovation Magazine.

Click here to read the rest of the article ‘NHS Manchester – Global Healthare Innovation

John Leach is a non-executive director of Trustech and is a well-known speaker on business and innovation as well as being a lecturer of entrepreneurship.

Do you think that the NHS on the whole ignores the revenue it could bring in through innovation?

Yes. There’s more that we could extract from the NHS in terms of enterprise, knowledge and Intellectual Property and I think that’s also the case with surrounding universities. There could be and should be a better way for value extraction without taking away the quality of care that the individual receives. More could be done. The real challenge is cultures colliding.

Is part of the issue that NHS staff are measured on performance and not innovation?

That’s the point. There are a couple of Trustech innovations that have come from clinicians, consultants. That takes a very enlightened person. People join the medical professions with the aim to make sure that their patients leave the hospital fully intact. They’re not looking at value creation.
If we can find those role models and we can find those individuals that have done it, then we can expose those heroes that have been able to balance commercial with science, with healthcare. It then makes it real to others. You can do both. It’s not wrong to do both. We don’t celebrate the success enough.

What’s the solution?

One way you address this is to create communities of people that have done it. That have been successful in the innovation process. Create a community of people that have come-up with an idea and got it to market. A community that is willing to share experiences and talk to others. That for me is where the gap is.

Trustech started in 2001, where is healthcare innovation in the UK heading now?

We shouldn’t underestimate what has already been achieved. With initiatives like Citylabs and hopefully a move into other parts of the UK, we can start to bring it together by creating conversations with those that have already capitalized on their innovations. Growth essentially. You get entrepreneurial growth by pulling people together. A fast-track learning environment, a safe environment to share experiences and ideas. That’s where it’s at, that’s what Trustech offers.

How has Manchester become a global hotspot for healthcare innovation? It’s a combination of academia, access to Europe’s biggest hospital site, research, a readily-available skilled workforce and determination, all being pulled together by the innovative approach of Trustech; an NHS organization.

Find Trustech at http://www.trustech.org.uk