Ending Soon! Save 33% on All Access

How To Keep A Balance Between Creativity And Power As An Entrepreneur Entrepreneurs like to work for managers who fuel their passion to do things differently.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Founders of Startups are facing some unique challenges in running their unorthodox enterprises. One of the prominent challenges faced by several young entrepreneurs in their companies is the task of balancing creativity and control.

Entrepreneurial people (read employees) love creativity. They like to work for managers who fuel their passion to do things differently. These are folks who cannot work for "Do it my way' type of bosses. So, as soon as they find that the system is stifling their creative urge, they switch the job.

Now let's look at this from the founders' perspective. As someone who has invested his or her career, wealth and aspirations into a risky venture, a founder would like to have an effective system of control on day to day operations of her business. Without control it becomes difficult to align actions with goals. Monitoring daily sales volumes, numbers of hits on the website or average revenue per user are some simple examples of managerial control.

The idea of control here is "keeping track of things'. Today's companies cannot afford to use traditional control mechanisms of "exercising authority and command to get things done'. Hence, the critical question is how to propel people to be innovative and still control their performance for achieving the pre-defined standards? Although there is no one right answer to this question, few diagnostic measures can help entrepreneurs handle this complexity effectively.

In my opinion, there are three important points to remember if you are running a startup which is operating in a hyper competitive VUCA environment.

Firstly an essential element of ensuring balance between creativity and control is face-to-face communication. Often a situation or policy gets stereotyped as "rules' when it lacks personal touch of people at the top. One easy and useful way of clearing the air around the issue is to talk to people about the thought processes which went into designing the so-called rule.

Travel Policy, Leaves, Incentives, Perks etc. have boundary conditions. But with one-to-one discussion the level of understanding goes up. Few people may not like to speak-up or deliberate in a formal or semi-formal set-ups of meetings and hence personal face-to-face ideation is much more helpful.

Secondly, the methods of measuring performance have to undergo a massive change. Entrepreneurs should be mindful of the fact that people in their team might have carried the baggage of traditional systems from their previous employers.

Large established corporations need different forms of control as compared to a newly started early stage novel business. Too much emphasis on financial metrics can lead to disturbing mismatch of actual versus expected outcomes. Your expectations from people must be in sync with the dynamics of business environment.

And finally, startups you must encourage rapid learning and growth of your people. High performers will continue to support you in times of difficulties, financial or otherwise, when they get a feeling of belongingness in your venture.

Keep the processes simple and allow people to suggest changes from time to time. They should feel like talking to you about modifications to existing forms of procedures. Remember, startups have tremendous edge over established businesses due to their ability to keep systems agile. The best analogy one can apply here is that of small kids who relish a sport more than adults because of the physical flexibility they enjoy while playing.

This sounds easier said than done. But no matter what business you operate in, you will face this challenge of maintaining a fine balance between letting loose and being watchful. The sooner you learn this art, the better it gets.

Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Navigating the Boom: How Investors Are 'AI-ing' Big in India

While the startup ecosystem tries to leave the funding winter behind, the AI startups and investors are having a pleasant time

Growth Strategies

Green Hydrogen Adoption: Where Does India Stand?

The cost disparity poses a challenge to the widespread adoption of green hydrogen, especially in sectors where cost competitiveness is crucial.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.