Becoming An Entrepreneur In The New Economy

by Patrick Liew on August 20, 2019

Becoming An Entrepreneur In The New Economy

Entrepreneurship is a multidimensional, multifaceted and multidisciplinary process.

There’re no borders and boundaries, and it cuts across different disciplines, expertise and experiences.

Therefore, to be a great entrepreneur, one needs to go beyond having a conventional mindset.

Many experts have encouraged all of us to become T-shaped professionals.

The T-shaped professionals are characterized by the following:

1. Intra-mobile professionals

You have deep skills to take on different roles, jobs and functions in your business, and

2. Inter-Mobile professionals
You have the knowledge, skills and attitudes to work in a variety of relevant and related roles, jobs and functions in different projects organizations.

I would like to add one more quality.

3. Meta-Mobile professionals

You have the capacity and capability to develop any knowledge, attitude, skill and habit (KASH) to create and lead any business and organization.

You then become a pi (π)-shaped entrepreneur.

To become a pi (π)-shaped entrepreneur, you need to develop what I call the 5Ms.

First, mindset.

More specifically, a future-ready mindset.

In the past, you need to go to school to prepare yourself for a job and career.

In the future, to have a stable, secure and sustainable job and career, you need to commit yourself to lifelong learning.

Cultivate new attitudes, knowledge, skills, and working styles to achieve success in the workplace and society.

Develop future-proof imagination and qualities to respond to and leverage on advanced technology and other possible disruptions.

These qualities include strengthening your responsibility capacity, capability, creativity, agility, adaptability and tenacity to respond to a fast changing and challenging world.

Secondly, metacognitive skills.

Metacognitive skills are higher-order cognitive skills to help you learn how to learn and improve on how to improve so as to achieve the highest possible level of outcomes and results.

These are skills that can be built upon and cross-fertilized to develop other skills so that they can better respond to changing requirements in the communities, workplaces and society.

Meta skills include fluid intelligence skills, creativity and innovative skills, and leadership and emotional intelligence.

Thirdly, multiple intelligences
In 1983, Howard Gardner posited that there are multiple intelligences.

Unfortunately, many schools have focused mainly on a narrow perspective of helping students develop their logical and linguistic intelligence.

It bodes well to remember that moral intelligence is just as important as intelligence of the intellect.

Altruistic intelligence can be more important than logical intelligence.

Taking action is more important than just acquiring information.

You have a unique set of gifts, talents and interests.

You need to develop your
strengths and pursue positive passions, values, and aspirations.

Expand your potential and leverage on your strengths to optimize your contributions to the people and environment around you.

Therefore, you need to develop yourself in a holistic and balanced way.

Know how to research and create knowledge and apply them in unfamiliar settings, including new and unfamiliar spaces of the new economy.

To do that, you need to leverage on multiple intelligences.

Fourthly, mastery of skills.
In the new economy, you cannot afford to just become a specialist in a designated field of discipline.

You need to train yourself in a more holistic, multidisciplinary, and chaos-responsive way so that you can have the deep skills set to pursue different pathways of excellence.

Lastly, metaphysical skills.
The faster the world changes and the more advanced we become, the more we should return to roots of our being, core of our values, heart of our aspirations, and purpose of living.

These are values that you cannot find online or download from the Internet.

Neither can they be programmed and executed by robots, drones, and other automated technology.

Technology cannot fulfill the deepest human needs, enhance our sense of security and stability, and help us reach out to develop meaningful and satisfying relationships.

In this regard, Charles Darwin’s “the fittest will survive” or Leon C. Megginson’s “the most adaptable will survive”should not hold true anymore.

The advancement of technology should be underpinned and guided by moral, ethical and spiritual innovations.

The rise of more advanced machines should help us become more enlightened in focusing on what truly matters in work and life.

As a result, we should become more purposeful, productive and progressive to achieve worthier pursuits.

Technology should unleash the human potential to do well and do good – in a cheaper, better, and faster way.

As I’ve always said, the worst disease is not to have a heart for people and the environment.

In the near future, technology will put into our hands the power to create accelerated and scalable problems or accelerated and scalable solutions.

If you do not believe in the good of humanity, cyberspace will become a godless, lawless, and values-less world.

Then, perhaps we may have to go through another:

– Big Bang (Think nuclear bombs made through 3-D printing technology with some fissile material);

– Ice Age (Think uncontrolled climate change); or

– Pandemic Crisis (Think lab-generated viruses as bioweapons) to reboot humanity.

Or worse, an Apocalypse to end the human story.

But I have faith in the human spirit, and the good of having a true entrepreneurial heart to do ever more good with ever less resources.

I have faith that we will rise up with collective consciousness and apply the skills of entrepreneurship to eradicate war, poverty, pain and suffering.

We will return back to fulfill our Maker’s design for us to love one another and look after the beautiful garden we call Planet Earth.

May the fourth industrial revolution lead us to a revolution of the enlightened minds, and to go beyond physical and material sense.

With an effective mindset, metacognitive skills, multiple intelligences, mastery of skills, and metaphysical values, you will be in a better position to become pioneers, performers and pacesetters in the future economy – a true entrepreneur.


I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

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