Entrepreneurial mindset: a way of thinking that enables you to overcome challenges, be decisive, and accept responsibility for your outcomes. It is a constant need to improve your skills, learn from your mistakes, and take continuous action on your ideas. Anyone willing to do the work can develop an entrepreneurial mindset.
The biggest killer of the entrepreneurial mindset is not what you would expect.
It’s not failure, the economy, or bad ideas.
It’s doubt – in ourselves, our surroundings, and our abilities.
Self-doubt kills many dreams, long before any external factors can come into play.
- Decisiveness
To succeed as an entrepreneur, you must gain the ability to look at a problem or situation, digest all available data (at that point in time), and make a confident decision to move forward.
Your ability as a decision-maker will make or break your future successes.
In fact, at the opposite end, indecision is one of the greatest causes of business failure.
When you can’t decide what to do, you delay taking action. In other words, you do nothing. Think about how many dreams (and businesses) failing to take action has killed.
- Confidence
There are many skills you will need to learn to accomplish everything you want in life.
But how do you act confidently when you don’t know what you are doing?
You learn to act with confidence, the second characteristic of the entrepreneurial mindset. And one the of the most important qualities of an entrepreneur.
It is essential that you get used to the uncomfortable feeling of knowing that you don’t know what you’re doing.
3. Accountability
The entrepreneurial mindset comes from taking responsibility for your actions and outcomes.
You need to internalize and accept that:
- Everything that happens at work – YOU are responsible for.
- Everything that happens to your business – YOU are responsible for.
- Whether you succeed or fail, it is YOUR responsibility.
From this moment forward, you must accept responsibility for everything in your life and hold yourself accountable to it.
- Resilience
As an entrepreneur, you will need to learn to deal with making mistakes and failing. They are inevitable and a part of your growth.
If every misstep plummets you into self-doubt, you have to change the way you look at being wrong.
This mindset shift takes resilience and is foundational to the entrepreneurial mindset.
Success rarely happens in a straight line. Taking wrong turns and making mistakes is something that happens to everyone.
- Humility
Humility is freedom from pride or arrogance, and it ties all of the characteristics of entrepreneurship.
From decisiveness to confidence, humility will keep you focused and centered.
From accountability to resilience, you will continue to move forward through failure, mistakes, and upsets.
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