The Mindset of the Successful Entrepreneur
Rafael Maga?a
Senior Director Of Development - Corporate Partnerships, Major Gifts, & Planned Giving
As an entrepreneur, you don't really need an MBA to succeed. You do, however, need a certain mindset. With the right mindset, you will ultimately succeed, no matter what the nature of your business is. Without it, you will be prone to making the kind of mistakes that bring everything crashing down around you. Read on to learn about the elements of the successful entrepreneur's mindset.
1. Cultivate a Healthy Relationship with Failure
A lot of entrepreneurs get upset, panicked, or dispirited at the idea of failure. This is the very worst thing you can do. Getting overly emotional does not lead to making good decisions. Also, this kind of reaction prevents you from learning important lessons. Instead, it is much better to look at every failure as a valuable learning opportunity. Aside from a very few lucky people, nobody succeeds on their first try. The road to success is full of roadblocks and unexpected accidents. Learning from your failures is how you learn to succeed.
"You learn as much about who you are and what you're made of from failure as you do from success."
2. Be Driven to Succeed
The surest way to succeed is to be driven to succeed. You must have the kind of mindset that makes you rise to any challenge, to keep going no matter what obstacles you face. Succeeding as an entrepreneur is tough. The business world is full of unexpected setbacks, 48 hour days, and sacrifice. You cannot afford to give up when the going gets tough. Instead, you must cultivate the drive to see any and all tasks through to their outcome, no matter how tough it is to do so.
3. Deal with the World as It Is, Not as You Want It to Be
People tend to make decisions, even important decisions, based on emotion, assumptions, and wishful thinking. This is always a foolish thing, but it is especially foolish for an entrepreneur to do this. Success in business requires dealing with actual facts, not fantasies. If you indulge in fantasy, you will be out-competed by others who are more level headed than you are.
4. Be Curious, Always Keep Learning
To be a successful entrepreneur, you need to have a broad set of skills. The way you get a broad set of skills is to cultivate a thirst for knowledge. Remember, knowledge is power. The strangest facts and skills can end up making a big difference in your business in ways that you could never have anticipated.
5. Take Responsibility
Never blame other people for what happens when you make the calls. It makes you look like a petty jerk to other people. It causes your employees to lose trust and respect for you. It also keeps you from developing into a smarter, more mature person. All of these things will harm your business.
Together, these traits make up the mindset of successful entrepreneurs. Try to cultivate this mindset by developing these skills. Your business will thank you for it.?
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Copyright April 3, 2020 by Rafael Maga?a. Contact for usage license.
Rafael Maga?a helps organizations grow. Helps leaders accelerate strategy implementation in their organizations. Specializes in donor-centered Philanthropy. Major Gift Officer -Veritus Scholar. Enjoys writing about leadership, management and careers. Serves on the Board of Trustees with the?Hollywood Schoolhouse?and board of directors with the?Navy League, Beverly Hills Council. Resides in California.??
Disclaimer:?Opinions expressed are solely my own.?
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