The Mind Set of the Successful Entrepreneur
What sets apart a thriving entrepreneur from folks who aren't effective, whether in their own small company, or in a job? Looking externally, the entrepreneur is a regular, everyday person exactly like everyone else - they need to 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, fears and challenges too, just like everyone. Yet, somehow they've taken their energy, resources and talents and produced something exceptional - a company which adds value to society, is profitable, and with these businesses and their lives are leading a life of purpose, profits and fire.
Putting a normal person near the successful entrepreneur, at first glance, you would not be able to tell them apart. Yet both of these proverbial examples would be doing drastically different things which lead them to significantly different results. To locate the reason, we will need to examine the main cause of their activities, which is the mindset.
The mindset of a individual encompasses several different things - how he perspectives and defines that this life of ours Earth, his purpose, his self, his beliefs and his or her values. It's this mindset of this person that defines the way he views or interprets what's going on around him and the way he gives them significance. It is the significance of those events and his scenarios that will determine his psychological state and so the decisions he makes. These decisions will in turn determine his actions, and his or her results.
It's because the outcomes of the successful entrepreneur and the average man are so distinct, that we can attribute the main cause of this to be the difference in mindset. So what makes the mindset of the thriving entrepreneur distinct?
Owning Your Own Destiny
First of all, the successful entrepreneur does not blame the reason for his success or failure on luck, other people, the government, the market. He or she might or might not think in the presence of a divine being, or the one-ness of the universe, but regardless of lives by the saying 'If it is to be, it is up to me.'
In other words, the first step to being successful is that of owning your own life and fate. Know what's within your control, including your emotions, your actions, the people that you associate with, and your attitude. Successful people bulldoze past bad fortune, barriers, naysayers, fears and dangers through thinking that whatever they envision, they can make happen with the ideal strategy and perseverance.
One common characteristic found in successful people is they have a solid vision for what they would like 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 right thing for me personally. I knew it wouldn't work anyway." 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 - partners, 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
One key question entrepreneurs ask themselves all the time is "How can I make this better?" They constantly ask this about the world around them, the methods they interact with, the services and products they use, and most of all, their own being, in regards to life and work. A lot of people may think that being successful, famous and wealthy, a successful entrepreneur would 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 where they are. When Jack Welch, the renown ex-CEO of General Electric, was asked what he looked for in any offender, he stated "The first thing I look for is candor." Candor is the attribute of being frank, in providing opinions, opinions, and moving about work. This is what the successful entrepreneur looks for, people who surround him always give honest and constructive comments, always challenging him to make things better.
Last but not least, the successful entrepreneur is driven by a sense of contribution. They know that they exist as part of a bigger community and as a inhabitant of this planet we reside. In order to make life better for everybody, each one of us has to play a role and donate. It's with this understanding that successful entrepreneurs analyze the world as it is, and identify exactly what issues exist and how they could make things better.
It is with this particular drive these entrepreneurs can escape bed with energy to do the extraordinary things that they do. If you're driven solely by a selfish motive of financial reward or the picture of drinking cocktails on a shore, then it's probable that one day, when 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 just stop. Consider what your contribution, your heritage, in this lifetime is.
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