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8 key strategies to get an entrepreneurial mindset

Updated: Jan 7, 2022

key strategies for entrepreneurial mindset
Photo by Danica Tanjutco on Unsplash

You have a belief structure. You may have never thought about it, but you have developed beliefs, attitudes and assumptions that comprise your mindset and make

Some of your personality traits will lean towards entrepreneurship whereas others will make it more difficult.

If you already have an entrepreneurial mindset. You will naturally focus on business creation whereas others will need to develop skills before leaving a life of business creation.

What is an entrepreneurial mindset?

An entrepreneurial mindset is the attitude, beliefs and thoughts requires to go through the long journey of understanding a customer, identifying unresolved needs or wants, creating value for that customer, offering the product or service to the customer and receiving payment for the product or service.

If you can do this repeatedly throughout your life. You would have an inbuilt entrepreneurial mindset. Otherwise, you must approach entrepreneurship by using constant habits and motivation. Slowly moving towards a business creation mindset.

The list of 8 key mindset and thinking strategies for entrepreneurs provides you with a clear strategy to change your daily thinking towards business creation:

1. Have confidence in your ability to change your business life

Believe the more you do something different to the norm. The more you will have a life that is different from the norm.

The great entrepreneurs of our time will not have the time or desire to binge watch shows every weekend? This would prevent them from ideating business ideas, speaking with their customers or developing products and services.

You must believe your time is precious and you can change your life by making different decisions. You have control of your life and you can use that time to focus on entrepreneurial value creation.

2. Know where you want to go

If you don't know where you are going, any road will get you there.” - Lewis Carroll, English writer

It’s an old quote, but it matches common mistakes of entrepreneurship perfectly. If you want an entrepreneurial mindset you have to approach your entrepreneurial life like a book. Each book has a start, middle and end. There are often many chapters within a book.

If you can imagine your final business goal as the last page. Your different experiences, tasks, activities and obstacles will each form a chapter. This will allow you to plot a course to your long-term entrepreneurship goal.

Striving for your goal will not only provide a product or service for your customers (when successful). However, the journey will change you in the process.

An entrepreneurship mindset will help you with a long-term vision and plan, but you will be fundamentally changed by the experiences and challenges along the way.

3. Concentrate on internal motivation to drive you forward

Knowing how to become motivated for entrepreneurship you can stay focused on your long-term goal.

Try to concentrate on something internal to drive you towards your goals rather than outside influences or waiting for others to appreciate your work. It will help you keep going when you have few customers or little interest in your product or service.

If you focus on internal motivation this means that when you encounter issues or setbacks, it will be more difficult for the external influences to prevent you from doing what you want to do. The only thing that matters is your internal drive to improve and provide your customers with value.

4. Your challenges are opportunities to excel

You will experience negative forces along your entrepreneurial journey. The negativity could come from many different sources; from people to product setbacks and unwanted challenges.

Taking the time to understand issues and problems and finding ways to turn a challenge into an opportunity will put you in a different way of thinking than most business owners.

Turning a business roadblock that affects you and your competition into an opportunity to your advantage will help you to build a business that has entrepreneurship at it’s core. Looking for ways to stand out from the crowd and offer your customers a different option.

5. Your learning and education never stops

A business owner with an entrepreneurial mindset understands there are many different routes to achieving the same thing. You may have experience of one way of working or one process, but you can always learn to do something different, better or improve the way you do things.

Taking the time to work on your strengths and business weaknesses can help your business standout and improve your entrepreneurial skills.

6. Keep your promises and commitments to yourself

Do you trust someone that misses their commitments and promises the world, but never delivers? Probably not. You would find it difficult to trust the person with important activities and you would find it even more difficult to put your faith in them for an important project or opportunity.

That’s why you have to meet the small (and realistic) tasks that you place on yourself. No matter how small or how seemingly unimportant. If you have set yourself a goal that is achievable and you do not do what is required to make it happen. You might lose belief in yourself to do what you say you’re going to do.

By striving to meet your tasks, actions and complete activities. You’re constantly reinforcing the commitment to yourself. This is vital for your entrepreneurial belief system and your overall personal and professional development.

7. Keep empathy as your friend and advisor

Starting, growing and running your business with emotional intelligence can set successful entrepreneurs apart from the pack.

Thinking about your customers’ emotions towards your businesses product or service will make you think of different aspects of your customer’s experience with your business. You’re not only focused on what you’re providing your customer, but also how your customer feels when they engage with your business. This means you will direct you attention to areas that competition might ignore and you can differentiate your business even further.

Including empathy within your business operations also means you act within an honourable way to competition, customers, employees and partners. This means you treat people with respect, irrespective of where they’re from and you maintain a moral code when it comes to negative and illegal business tactics.

Building a profitable and sustainable business can be more valuable, rewarding and desirable over the long-term.

8. Your network is your greatest asset

You're the average of the five people you spend the most time with…” - Jim Rohn, American entrepreneur and motivational speaker

There are also other similar phrases, such as “your net worth is your network”, etc. Both quotes have similar meanings and have an element of truth running through them.

The quotes aim to show that each and everyone one of us has potential within ourselves and that potential can be magnified or reduced depending on who we spend our time with. If you spend your time with a group that is focused on past times opposite to your dream.

You’re more likely to spend more of your time doing things that are opposite to where you want to go. If this is true then the opposite must also be true. If you’re with a group that is thinking about professional progression, entrepreneurship and providing value to customers. This will make you focus more of your time, energy and thoughts on productive pursuits and therefore, your entrepreneurial objectives.

Start, develop and grow your mindset

A successful life of business value creation requires you to develop an entrepreneurial approach to thinking and acting. Entrepreneurs provide value, solve problems and satisfy needs, but almost everything can be learned.

If you don’t have an entrepreneur’s mind or belief structure. Don’t worry!

You can learn tactics, approaches and strategies to think of an idea, start, develop and grow your business. Allowing you to set your entrepreneurial spirit free and remove the common chains of ordinary thinking.

The common phrase ‘...Rome was not built in a day…’ suggests that Entrepreneurship is a life dedicated to creating value for others. Focus on your customer and focus on your work. Everything else will follow.

Good luck!

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