THE BUSINESS MINDSTYLE | Eagerness, bravery, and persistence characterize the entrepreneurial mindset.
You know your idea will be big. An LLC, beautiful business cards and a superb website are yours. 50-page business strategy. But months pass without a single cash.
Recognize? The narrative of hundreds of wannabe entrepreneurs who never fully implement their ideas and never progress. They only become “wantrepreneurs.”
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1. WHAT IS INTENTIONAL ENTREPRENEURSHIP?
Wantrepreneurs spend time and money on everything but starting a business. They focus on outward items like business cards, logos, and websites, which may be useful later but won’t make the first sale.
Real entrepreneurs focus on creating something people want.
They’ll develop the website and market, but that’s not their emphasis. Entrepreneurs focus on pain points, customer value, and scalable, profitable, and sustainable models.
2. WHAT IS AN ENTERPRISING MINDSET?
Entrepreneurs see challenges as opportunities. Entrepreneurs see failures as opportunities to learn and develop. They realize the purpose justifies the means and are willing to devote all their effort to their business without fear of criticism or failure.
3. The mind of an entrepreneur is focused on making progress.
Wantrepreneurs often think thinking about an idea equals doing something about it. Yet thinking about a to-do list doesn’t help you reach your goal. Reading books, knowing the jargon, and telling everyone and their mother about your “business” is the same.
Entrepreneurs prioritise advancement. THE BUSINESS MINDSTYLE- Every day, they try to improve. because if they don’t, someone else will. They recognize they must take a risk because no idea is unique unless it is executed, even if their website, funding, prototype, or product is not yet complete.
`4. Entrepreneurs don’t fear.
Jobs, Disney, Oprah, Ferriss: If you want to grow a business, you will fail like most successful people. Learning requires failure. How will you handle that reality?
Entrepreneurs handle risk differently than non-entrepreneurs. Entrepreneurs are fearless. Their worries don’t influence them. They don’t offer excuses—no cash, no resources, too hard to break through—because if they don’t attempt, they’ve already failed.
They act no matter what since failing to realize their idea would be the worst failure.
5. THE INVENTIVE MIND IS A RICH RESOURCE
Entrepreneurs don’t care that they’ll never get everything right. They realize that the perfect time, economy, and market for their invention will never occur. Instead of ticking boxes, they take big action.
Successful entrepreneurs avoid details.Adapt. They start without money. Bootstrapping will fund their business. They solve problems creatively.Entrepreneurs see no dead ends, only growth opportunities.
6. Entrepreneurs endure.
“I’m persuaded that nearly half of what differentiates successful entrepreneurs from the non-successful ones is simply perseverance,” remarked Steve Jobs.
Establishing a business is hard. There are many doubts and confusion, few hard-won achievements, many hard-learned lessons, crushing strain and stress, and extended times of hardship and financial instability.
Entrepreneurs can endure startup storms. Their will to succeed overcomes their fear of failure and drives them.
Entrepreneurs love their businesses and know why they must start them. Their company represents their ideals and ideas. That fuels them when obstacles arise. They can do anything with a large enough “why.”
7. An entrepreneurial mindset is one that is always innovating.
Entrepreneurs always think ahead. They recognize market changes and are ready to adapt. Entrepreneurs encourage strategic innovation to disrupt, not be disrupted. To stay ahead of the competition, they’re willing to try new tech, changing employee demographics, and keep learning.
Business failures generally fear change or are set in their ways. They stay in the moment and lack the flexibility to turn.
8. YOU CAN IMPROVE YOUR ENTREPRENEURIAL ATTITUDE
If any of the following sound familiar, you may have the entrepreneurial attitude needed to succeed. If not, hope. Entrepreneurship isn’t innate. After failures or self-discovery, some become entrepreneurs.
Are you ready to make growth a daily habit?
Is never trying scarier than failing? Does your “why” offer you the hunger, drive, and determination to overcome obstacles?
If so, you’re already establishing an entrepreneurial mindset. Start establishing your business by ignoring the details. Be dedicated. Overcome obstacles and learn from mistakes. Entrepreneurship is not for weak people with “excellent ideas.” It’s for the elite who must create their business because of their passion, drive, and belief that a life without trying is a life not lived.