What does having the right entrepreneurial mindset mean to you?
Do you know what it means to know how to develop an entrepreneurial mindset? There’s no doubt in my mind that I have a long way to go when it comes to developing a better mindset around money and business.
I’ve had the opportunity to spend time with some of the best entrepreneurs, and there are a few things I’d like to share with you regarding their mindset and how they think.
The thinking process and how we think about our business lives, money, and relationships will directly result in the outcomes we achieve.
Do you agree with that?
Here’s what I’m going to refer to as the consumer mindset vs. the entrepreneurial mindset.
Here’s my observation on How to Develop an Entrepreneurial Mindset
A consumer mindset (C Mindset) is all about ego.
They want to protect their ego when it comes to something they don’t understand.
An entrepreneur (E-Mindset) questions and remains curious. This person has no ego and remains open-minded to new ways of doing things and learning from others that have had successful track records.
A C-Mindset thinks of an idea and dreams about implementing it.
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The entrepreneur asks what’s the first step and action I need to take right now to validate this assumption.
C-Mindset is wish focused. He daydreams and says it’s too hard to make a lot of money. An E is always analyzing his success and success of others and wondering how he can learn from these experiences.
C-Mindset, when confronted with a challenging idea, thinks of all the reasons it might not work. An E mindset sees potential in it and disregards the problems until he has the clear vision on how it might succeed.
C-Mindset person resists change. An E-Mindset embraces it.
C-Mindset accepts the status quo. An E-Mindset is always looking to make things better.
The C-mindset reacts. An E-mindset is proactive.
C-Mindset looks at education, personal development, and investing as a cost while an E-mindset looks at them all as an investment.
A C-mindset says people are lucky and the E-mindset says, “What’s his secret?”
C-Mindset thinks they don’t have any time to build additional income. An E-mindset asks where he can create more time or outsource difference areas of his life to leverage more time.
You can see the different perspectives between someone who has a C mindset compared to an E mindset. While it does take time to develop this type of thinking, it is as simple as being honest and starting to self-correct your thinking. Have fun with it and give it a try.