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 an inadequate amount of things around, so some
people can either benefit or lose them.

FIXED VS. GROWTH MINDSET

GROWTH MINDSET

 I can learn anything I want to.

 When I'm frustrated, I persevere.
 I want to challenge myself.
 When I fall, I learn.
 Tell me I try hard
 If you succeed, I'm inspired.
 My effort and attitude determine everything.
CHARACTERISTICS OF AN ENTREPRENEURIAL MINDSET

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. OPTIMISM - Tough attitude towards challenges makes up successful entrepreneurs. For a
successful entrepreneur, there is always a solution to every problem.
3. 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.
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.

ESSENTIALS OF THE ENTREPRENEURIAL MIND

There are essential things in order to really employ and initiate successful mindsets:
PASSION FIRST - Real entrepreneurs look for what really are important to them, what they truly
wanted to, and then bring together their business around those things.
EVERYTHING IS POSSIBLE - This mindset is about believing that entrepreneurs are capable of
accomplishing unexpected results.
100% ACCOUNTABLE - Entrepreneurs always believe that they have the power to choose their
responses to any circumstance because they have this 100% accountable mindset.
WE ARE CONNECTED - Entrepreneurs believe they can achieve their dreams not by being alone,
though they love to be independent.
LIVE LIFE TO GIVE - Most people now especially businesspeople want to offer their time and
resources for a valuable cause. As people in business when they profit more, they tend to give
more.
ATTITUDE OF GRATEFULNESS - Most people also focus much of their thoughts on what they do
not process. This mindset provides the recognition of all positives in every experience except for
entrepreneurs.
THE TIME IS NOW - This mindset for entrepreneurs refers to recognizing that all their powers exist
in the moment.