The Mind Set of the Successful Entrepreneur
What sets aside a thriving entrepreneur from folks that are not effective, whether in their own little company, or in a job? Looking, the entrepreneur is a normal, everyday person exactly like everyone else - that they should eat, have a roof over their head, they have obligations, to themselves, their families, their communities.
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They have their own idiosyncrasies, fears and challenges too, exactly like everyone. Yet, somehow they've 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 lives are leading a life of purpose, gains and passion.
Putting a regular person next to the thriving entrepreneur, at first glance, you would not be able to tell them apart. Nevertheless both of these proverbial examples would do drastically different things which lead them to substantially different results. To find the reason, we'll have to look at the root cause of their actions, which is the mindset.
The mindset of a person encompasses many distinct matters - how he views and defines that this life of ours Earth, his purpose, his self, his beliefs and his or her values. It's this mindset of the person that defines how he views or interprets what's happening around him, and the way he gives them significance. It's the significance of those events and his scenarios that will determine his psychological state and thus the decisions he makes. These decisions will in turn determine his activities, and his results.
It is because the outcomes of the successful entrepreneur and the average man are so different, which we can blame the root cause of this to be the difference in mindset. What exactly makes the mindset of this thriving entrepreneur different?
Owning Your Own Destiny
First and foremost, the successful entrepreneur doesn't blame the reason behind his success or failure on luck, other individuals, the government, the economy. He or she might or might not think in the presence of a divine being, or even the one-ness of this universe, but regardless of lives by the saying 'If it is to be, it is up to me.'
To put it differently, the very first thing to be successful is that of owning your personal life and destiny. Know what is inside your control, including your own emotions, your actions, the people that you connect with, and your attitude. Successful people bulldoze past bad fortune, barriers, naysayers, fears and risks through believing that whatever they imagine, they could make happen with the right strategy and perseverance.
1 common characteristic found in successful people is they have a strong vision for what they want to achieve. For instance, 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 understood it wouldn't 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 minutes" 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 - partners, clients, employees, family and friends, can be unnerving. Successful entrepreneurs take decisions in their stride, one at a time, and do what is better, even if it's difficult.
Continuous Improvement and Humility
One 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, in regards to life and work. Many people may feel that being successful, 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 nature of humility and constant improvement that drives successful entrepreneurs to where they are. After Jack Welch, the renown ex-CEO of General Electric, was asked what he looked for in any offender, he said "The first thing I look for is candor." Candor is the attribute of being frank, in providing opinions, feedback, and moving about work. That is what the successful entrepreneur looks for, people who surround him always give honest and constructive feedback, constantly challenging him to make things better.
Last but not least, the successful entrepreneur is driven by a sense of contribution. They understand that they exist as part of a bigger community and as a inhabitant of the world we live in. To be able to generate life better for everybody, each one of us has to play a role and contribute. It's with this knowledge that successful entrepreneurs analyze the world as it is, and identify exactly what issues exist and how they can make things better.
It's with this drive these entrepreneurs can get out of bed with energy to perform the extraordinary things that they perform. If you are driven solely by a selfish motive of monetary reward or the image of drinking cocktails on a beach, then it's probable that one day, once you're feeling challenged, exhausted or demotivated, you would tell yourself "I don't need this money. I don't need these challenges. I don't need the cocktails." And simply cease. Think about what your participation, your legacy, in this life is.
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