ENTREPRENEURIAL MIND

MIDTERM 2ND SEM

MINDSET ITS CHARACTERISTICS AND ESSENTIALS
WHAT IS MINDSET?
➢ A mindset is a belief that qualifies like intelligence and talent are fixed or changeable traits.
• The word mindset was coined by Carol Dweck in her book "Mindset"
• The book was based from her research about personalities of successful people.

• Carol Dweck found out that successful people have different mindsets which are a fixed
versus growth mindset .

THERE ARE NUMEROUS (4) MINDSETS TO CONSIDER

FIXED MINDSET - Perceive that their talents and abilities are set.
GROWTH MINDSET - Traits can be changed, developed, and strengthened by working on them.
ABUNDANCE MINDSET - Will consider that there is plenty of resources for everyone and that
resources will not ran out because it is replaceable.
SCARCITY MINDSET - Shall think that there is a inadequate amount of things around, so some
people can either benefit or lose them.

FIXED VS. GROWTH MINDSET

CHARACTERISTICS OF AN ENTREPRENEURIAL MINDSET

• Entrepreneurship is a challenging path. There is no distinct set of traits signifying success.
There are several characteristics often common to successful entrepreneurs.
1.CURIOSITY - Being curious is really shared among successful entrepreneurs. This trait
strengthens the ability to understand things with a new standpoint.

2.COMMITMENT - The focus should be on achievements, because it would motivate the

entrepreneur to persevere as he/she moves forward and continues to harvest good outcomes.

3.OPTIMISM - Tough attitude towards challenges makes up successful entrepreneurs. For a

successful entrepreneur, there is always a solution to every problem.
4.FLEXIBILITY - It helps us to be supple to deal with a series of difficult situations, solve problems
easily and make progress from obstacles.

5.OWNERSHIP - successful entrepreneurs always trust that their success comes from their own
ability. Simply, they have high internal locus of control.

6.LEADERSHIP - A successful entrepreneur always guides, motivates, and empowers his team.

7.CONNECTION - Entrepreneurs must choose those people that would form his collective links so
that he could breed his idea.
8.SELF-RESPECT - Taking care of oneself daily through rest, exercise and diet is essential. Always
have ample rest and sleep for renewing one's energy.

ENTREPRENEUR AS A HABIT
• Habit Loop is a process wherein the brain makes decision whether to store or repeat such
behavior.

• A habit is an unconscious behavior done often and regularly.

• Good habits can be acquired using "habit loop".