February 9

Developing Your Entrepreneurial Mindset – Part 1

This is the first post in a series of seven where we will explore how to Develop Your Entrepreneurial Mindset.

Anyone can be an Entrepreneur, but being a successful one requires a shift in your mindset. You will have to let go of the old ways of thinking and doing things. You will have to push boundaries that you may not have thought of before and definitely you will have to get over the idea that when you work, you are always going to collect a paycheck. Entrepreneurs only get paid when they accept opportunities, involve themselves in innovation and create value for their audience.

That might seem overwhelming right now, especially if you’re used to going to work Monday through Friday, completing tasks handed down by management and basically doing what you are told to do. This is the way to collect a steady paycheck at the end of the week while working for someone else. But, if you want to be your own boss, be the owner of your own time and tasks than you will have to learn to think and act in a new way in order to develop your entrepreneurial mindset to be successful at it.

Determine Who You Are Now & Who You Want to Be

It all starts with being honest with yourself about who you are now.
A great way to get to know yourself better is to take a personality test. There are a ton out there, here’s a free one 16 Personalities, it will help you get to know yourself better. The key to taking these types of tests and getting helpful answers is to be completely honest. There is no right or wrong answer. But, the answers will give you a clear picture of who you are right now and where you can improve.

What are your values?
– You can determine your values by your actions when confronted with a problem or decision that you had to overcome or make. These are the times that your core values show. Look back on your past choices and determine what your core values are. If you have made mistakes and gone against your core values, identify those times and determine how you can make a different choice next time you are in a similiar situation.

What are your skills? – Even if you’re not currently an entrepreneur, you already have skills that you can put to use as an entrepreneur. Make a list of what you do today. Focus on the deliverables that you provide your employer without too much help from others. These are the skills that you have that should be the basis of your entrepreneurial venture.

What are your strengths? – You’ve heard the idea that you need to leverage your strengths but how do you even know what they are? Using one of the self-assessments mentioned above, you can find out what your strengths are. When you know them, try to be honest so that your results come out realistic. Take off your rose colored glasses so that you can determine your real strengths. Try asking five of your closest friends to tell you the truth about what your strengths are, and then if more than three of them say the same thing, add it to your list.

What are your weaknesses? – While you can improve upon your weaknesses, you should first leverage your strengths, but it’s important to know your weaknesses and accept them. It’s still more important to appreciate your efforts, and to understand that the past is a good indicator of how you’ll act in the future. If you know for example that you’re always five minutes late, accept it, instead focus on something positive. That doesn’t mean you don’t work on this habit, but don’t focus on it instead of your strengths.

Only when you know who you really are, the good and the bad, will you be able to truly know yourself enough to be brutally honest about your strengths and weaknesses. It’s important because you cannot move forward if you aren’t honest. You don’t have to tell others, just tell yourself. It can help to know what the top traits of a successful entrepreneur are.

Look for Part 2 Understanding the Top Traits of a Successful Entrepreneur


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