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ENTREPRENURIAL MIND

E N T R E P R E N E U R I A L M I N D S E T:   A WAY O F T H I N K I N G
T H AT E N A B L E S Y O U T O O V E R C O M E C H A L L E N G E S ,
BE DECISIVE, AND ACCEPT RESPONSIBILITY FOR
Y O U R O U T C O M E S . I T I S A C O N S TA N T N E E D T O
IMPROVE YOUR SKILLS, LEARN FROM YOUR
M I S TA K E S , A N D TA K E C O N T I N U O U S A C T I O N O N
YOUR IDEAS. ANYONE WILLING TO DO THE WORK
CAN DEVELOP AN ENTREPRENEURIAL MINDSET .
How to develop an entrepreneurial mindset

Anyone can learn how to act like an entrepreneur,


build the habits, and learn some business hacks to
fearlessly create a business or start a side hustle.
You can work towards starting a business and
earning passive income without quitting your job,
without knowing how to code, and without a million-
dollar idea. Having a proven online business model
 helps, too.
But here’s the thing

The biggest killer of the entrepreneurial mindset is


not what you would expect.
It’s not failure, the economy, or bad ideas.
It’s doubt – in ourselves, our surroundings, and our
abilities.
Self-doubt kills many dreams, long before any
external factors can come into play.
Learn to master your inner game

Most people are afraid to start pursuing their dreams.

Or if they do start, they turn back at the first signs of struggle, convinced
they don’t have what it takes.

This is why your thinking is so important to get right in the beginning.

Being an entrepreneur starts with that feeling inside you – that


entrepreneurial spirit you need to nourish and hone.

Whether you are an employee looking to level up your career, a 9-to-5


worker exploring how to become a freelancer, or become a founder and
CEO of your own company– when you master the entrepreneur mindset,
you will begin to accomplish more goals than you ever imagined.
Entrepreneurial mindset: 5 characteristics of entrepreneurship

1. Decisiveness
To succeed as an entrepreneur, you must gain the ability to look at a
problem or situation, digest all available data (at that point in time), and
make a confident decision to move forward.
Your ability as a decision-maker will make or break your future
successes.
In fact, at the opposite end, indecision is one of the greatest causes of
business failure.
When you can’t decide what to do, you delay taking action. In other
words, you do nothing. Think about how many dreams (and
businesses) failing to take action has killed.
Like many other skills an entrepreneur needs, being decisive is a skill that
can (and should) be practiced and strengthened in your day to day life —
starting with the tiniest decisions.
2. Confidence
There are many skills you will need to learn to accomplish everything you want in life.
But how do you act confidently when you don’t know what you are doing?
You learn to act with confidence, the second characteristic of the entrepreneurial
mindset. And one the of the most important qualities of an entrepreneur.
It is essential that you get used to the uncomfortable feeling of knowing that you don't
know what you’re doing.
Whether it's getting on stage to speak, launching your product, or learning 
how to start a blog and publishing your ideas to the world, we tend to see others doing
it and incorrectly assume they've always been good at it.
They weren't born knowing how to speak confidently, launch successful products, or
write excellent books. They also weren't born knowing how to become entrepreneurs.
They learned and we can, too.
The difference between appearing good or bad at something is often a matter of acting
confidently.
3. Accountability
The entrepreneurial mindset comes from taking responsibility for your actions and outcomes.
You need to internalize and accept that:
Everything that happens at work – YOU are responsible for.
Everything that happens to your business – YOU are responsible for.
Whether you succeed or fail, it is YOUR responsibility.
From this moment forward, you must accept responsibility for everything in your life and hold
yourself accountable to it.
Sorry to tell you, but nobody cares how little time, money, or external support you have to
accomplish your goals. Your circumstances may not be your fault, but they are your responsibility.
All that matters is what you are doing RIGHT NOW to find your success.
There are no more excuses. Accountability is required of entrepreneurs as well as successful
employees. Stop passing the buck and blaming others.
Hold yourself accountable – even when you aren’t to blame – and take action to fix the problem.
The entrepreneurial mindset requires you to take complete control and hold yourself accountable
to your outcomes – both good and bad. As James Altucher said on the podcast, life is a sentence of
failures punctuated with brief successes.
 4. Resilience
 As an entrepreneur, you will need to learn to deal with
making mistakes and failing. They are inevitable and a part
of your growth.
 If every misstep plummets you into self-doubt, you have to
change the way you look at being wrong.
 This mindset shift takes resilience and is foundational to
the entrepreneurial mindset.
 Success rarely happens in a straight line. Taking wrong
turns and making mistakes is something that happens to
everyone.
5. Humility
Humility is freedom from pride or arrogance, and it ties all of the characteristics of
entrepreneurship.
From decisiveness to confidence, humility will keep you focused and centered.
From accountability to resilience, you will continue to move forward through failure,
mistakes, and upsets.
This is accomplished with humility.
“If you are the smartest person in the room, you are in the wrong room.”
– Someone smarter than me.
Along with humility comes coachability — the ability to be coached.
If you want to accomplish big things in life, you need to be willing to learn from
others and nourish a growth mindset.
To do big things, you need to grow. To grow, you need to learn.
No matter what you are trying to accomplish, someone already has done it before you.
Thinking like an entrepreneur means seeking out mentors and coaches who have been
where you are trying to go — and having the humility to accept their guidance

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