The Mind Set of the Successful Entrepreneur
What sets aside a successful entrepreneur from folks who are not effective, whether in their own small company, or in a job? Looking, the entrepreneur is a regular, regular person exactly like everyone else – that they should eat, have a roof over their head, they have duties, to themselves, their families, their communities.
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They have their own idiosyncrasies, anxieties and challenges also, just like everyone. Yet, somehow they have obtained their energy, resources and talents and generated something exceptional – a company which adds value to society, is profitable, and with these businesses and their lifestyles are leading a life of purpose, profits and passion.
Placing a regular person near the successful entrepreneur, initially, you would not be able to tell them apart. Yet these two proverbial examples will do drastically different things which lead them to substantially different outcomes. To locate the reason, we’ll have to examine the main cause of their activities, which is the mindset.
The mindset of a person encompasses many different things – how he views and defines that this life of ours Earth, his purpose, his ego, his beliefs and his values. It’s this mindset of this individual which defines the way he views or interprets what’s happening around him, and how he gives them meaning. It’s the meaning of these events and his situations that will determine his psychological state and so the decisions he makes. These decisions will consequently determine his activities, and his results.
It is because the outcomes of the successful entrepreneur and the average man are so distinct, which we can attribute the main cause of it to be the difference in mindset. What exactly makes the mindset of this thriving entrepreneur distinct?
Owning Your Own Destiny
First of all, the successful entrepreneur does not attribute the reason behind his failure or success on luck, other individuals, the government, the economy. He might or might not think in the presence of a divine being, or even the one-ness of this universe, but no matter of lives by the saying ‘If it is to be, it is up to me.’
In other words, the first thing to be successful is that of owning your personal life and fate. Know what’s within your control, such as your emotions, your activities, the people who you connect with, and your mindset. Successful people bulldoze past bad fortune, barriers, naysayers, anxieties and dangers through thinking that whatever they imagine, they can make happen with the ideal approach and perseverance.
1 common characteristic found in successful people is they have a solid vision for what they want to achieve. By way of example, Bill Gates’ vision when he started Microsoft was that every household would have a personal computer. He believed in the positive life-changing force that computers represented and developed a strong and motivating personal vision for it. It is described that this big vision pulls the entrepreneur towards it, rather than him having to push tiresomely.
Doing Whatever It Takes
The successful entrepreneur also commits to doing whatever it takes to making his vision come true. This is the definition of commitment and truly what makes them succeed, for most people run at the first sight of blood. The moment something goes wrong, they say, “That’s it, this isn’t the ideal thing for me. I knew that it would not work anyhow.” Successful entrepreneurs know that their success, or at least their next level of success, lies behind the obstacle that lies just behind them.
How many stories of successful entrepreneurs have you heard, where the entrepreneur loses his house, his car, his relationships, in order to see through his business? The lessons from these stories are not proverbial. In your journey as an entrepreneur you will be challenged, and there will be times where you will have to make very difficult choices, to either push on to do whatever it takes, or to give up. In order to succeed, you have to see things through, and that requires doing whatever it takes.
Being Decisive and Taking Action
Richard Branson famously said “I can make any decision within 60 seconds.” Being an entrepreneur, time is never on your side. Technology, consumer tastes, competition move fast and if you don’t keep up, you may face being in the wrong place at the wrong time, and failing in your venture. In order to move fast and stay ahead of the market, you will have to not only have a keen eye for trends and what is to come, but you will have to be decisive.
Most people balk at the idea of the heavy responsibility of making an important decision. The weight of peoples’ expectations – spouses, clients, employees, family and friends, can be unnerving. Successful entrepreneurs take decisions in their stride, one at a time, and do what is best, even if it’s difficult.
Continuous Improvement and Humility
1 key question marketers ask themselves all the time is “How can I make this better?” They always ask this about the world around them, the methods they interact with, the products and services they utilize, and most of all, their own being, even when it comes to life and work. Many people might think that being powerful, wealthy and famous, a successful entrepreneur could be permitted to say “Well, that’s it. I’ve learnt all I need to learn.”
Counter-intuitively, it is really the character of humility and constant improvement that drives successful entrepreneurs to wherever they are. When Jack Welch, the renown ex-CEO of General Electric, was asked what he looked for at any candidate, he stated “The first thing I look for is candor.” Candor is the characteristic of being frank, in providing opinions, opinions, and moving about work. This is what the successful entrepreneur looks for, people who surround him that continually give honest and constructive feedback, always challenging him to make matters better.
Last but not least, the successful entrepreneur is driven by a sense of contribution. They know that they exist as part of a larger community and as a inhabitant of this planet we live in. In order to generate life better for everybody, every one of us must play a part and donate. It’s with this understanding that successful entrepreneurs examine the world as it is, and identify exactly what issues exist and how they can make things better.
It is with this drive that these entrepreneurs are able to escape bed with energy to perform the extraordinary things that they do. If you are driven solely by a selfish motive of monetary reward or the image of drinking cocktails onto a beach, then it is probable that one day, when you’re feeling challenged, exhausted or demotivated, you’d tell yourself “I don’t need this money. I don’t need these challenges. I don’t need the cocktails.” And just cease. Consider what your contribution, your heritage, in this life is.
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