Mindset of an Entrepreneur

Do You Really Have the Mindset of an Entrepreneur?

This article was last updated on September 5, 2017

The 21st century has witnessed an enormous surge in the numbers of interests in entrepreneurship. Nowadays, almost everyone wants to own a startup. However, even with the scores of interests flying around, not many individuals have managed to go beyond the “interest stage.” And even among the ones that did, only a few ended up being successful. Have you ever wondered why this is so?

Well, the truth is that entrepreneurship isn’t for everyone. While we all have skills or inborn gifts that are unique and marketable, only a few of us possess the right mindsets to market these skills. And guess what? Successful entrepreneurs are very good in this and they can even sell ice to Eskimos if you create the right environment for them. And because of this, they find it relatively easy to start out and stay afloat in the ever-competitive business world.

If you are interested in knowing whether or not you possess the mindset of an entrepreneur, why not make use of the points highlighted below to evaluate yourself:

Do You Really Have the Mindset of an Entrepreneur?


Are you the type that believes in your ability irrespective of the circumstances you find yourself? If your answer is yes, you have the mindset to become an entrepreneur. To be a successful entrepreneur, you need to be confident of your abilities irrespective of the circumstances you find yourself. You also need to be self-driven. That is, you don’t need the encouragement of others before you can take up an initiative. Most importantly, you must trust yourself in anything you do.


To what extent can you accept the opinions of others? You may find it increasingly difficult to excel as an entrepreneur if you don’t have a liberal mind. This is because no man is an island: You need the inputs of your friends, colleagues, employees or others to succeed as an entrepreneur. Actress Jessica Alba, co-founder and president of Santa Monica, once said: “I am open to ideas that aren’t mine and people that know what I don’t because I think success takes communication, collaboration and sometimes, failure.” Not only her, entrepreneurs like Steve Jobs and Bill Gates also used the ideas of others to become what they are today. You too can become like these successful entrepreneurs if you have or develop such mindset.


Are you the type that relies on others before making critical decisions? As an entrepreneur, you will occasionally encounter business situations that demand you to make quick decisions. You don’t need to make impulsive decisions as doing so could produce disastrous results. However, your decision-making process should be swift and well-calculated at the same time.  Remember, time is money. The more you wait, the more you lose money and the less you can become successful as an entrepreneur.


How good are you being clever? Most, if not all, entrepreneurs are very intelligent and they can see what many people cannot even discern. They don’t break the laws, but they are very proficient in breaking the rules. If you have this quality, you are on the right track of becoming an entrepreneur.


How ambitious do you consider yourself? It is a popular notion that successful entrepreneurs are some of the most ambitious individuals in the world. They are never satisfied with the status quo. They are always striving to outwit their achievements by setting new goals for themselves. If you are ever going to make it as an entrepreneur, you must either possess or develop this trait. This is because such mentality is what will keep you afloat in the ever-competitive business world.


Do you easily get tired when assigned to a long-term work? If so, then entrepreneurship is not for you. Entrepreneurship is a long-term commitment. And for you to succeed, you need to be a workaholic, a type of person who believes so much in hard work. Do not forget that diligence is the mother of good luck. How much effort you put into your business will determine how much success you achieve at the end of the day.

In a Nutshell              

If you don’t have one or two of the attributes listed above, you do not need to worry. Your entrepreneurship dream is still viable. However, to succeed in your entrepreneurial pursuit, we advise you to endeavor to imbibe the listed mindset tips to your daily life. They won’t only help you in starting out; they will also assist you to catapult your venture to the top in no time.


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