Five Tips for a Positive Entrepreneurial Mindset
An exploration of the skills required in achieving a successful entrepreneurial mindset.
Who offers the most significant contributions to an organisation?
The person with creative ideas and a positive attitude.
American businessman, Harvey Firestone, said that: “Capital is not so important in business. Experience is not so important. You can get both these things. What is important is ideas. If you have ideas, you have the main asset you need, and there is not any limit to what you can do with your business and your life.”
Being a successful entrepreneur means having the best business model, or possessing a significant wealth of resources.
While this may help, one must also have the right mindset to succeed. Dealing with the inevitable ups and downs of entrepreneurship can be challening, yet exciting. A focused mind can benefit your job performance in numerous ways- from your own personal experience, to how you interact and train other staff. It can aid individuals through the entire business process, allowing ideas to be developed, implemented and administered for success.
Apart from having the capacity for great business ideas, mental endurance is important throughout the business process. Building up and pursuing a humanist business philosophy has the potential for success in today’s business environment. An individual, who utilises the humanist business philosophy, can be considered as one who identifies problems and then turns them into opportunities. Regardless of the personal definition of success, there is a substantial number of common characteristics that are shared by successful business people.
Most of these attributes can be learned with practice and by developing a positive attitude. I had the pleasure of discussing with a variety of entrepreneurs what they consider the most important aspects of being an entrepreunuer, and have created five tips for honing a business mindset, which is imperative for a successful enterprise.
Barbara Simpson, Qualitative Social Researcher and Leadership and Creativity and Innovation Expert, believes that creativity is one of the most beneficial entrepreneurial attributes. Kris Murrin, co-founder of ?WhatIf!, commented that: “if you say innovation and creativity are vital to growth, nine out of ten people agree with the statement. But when you ask if people know how to practice and inspire creativity in their day to day life, nine out of ten say no.”
It could be considered that creativity is an ostensibly difficult skill to develop, but in actuality it is a learnable proficiency. Firstly, creativity is a good way to look at the world from a different perspective, taking the bold step of different approach with lateral thinking. Secondly, the mere courage to go against the crowd and venture into alternative avenues from the norm is vital. It is advantageous to free the mind to fantasy and imagination.
Nobel Peace Prize-winning scientist, Linus Pauling, asserted that “The best way to have a good idea is to have lots of ideas”.
People with a creative entrepreneurial mindset do what they can with the resources they have. Creativity surrounds us on many sides, it is a puzzle, a paradox, some say a mystery.
There are proven techniques for enhancing creativity, and they are within anyone’s reach. By thinking of a challenge, need, or issue that you are currently facing is an effective way of improving the mindset. Good questions probe uncertain situations.
It is beneficial to avoid the assumption that creativity is a sporadic process, and hoping that there is ‘the one great idea’ out there. Approach creativity fearlessly and it can be accomplished, by keeping your feet firmly on the ground.
2.Your career is a marathon, not a sprint
A good career is a journey that involves entrepreneurs networking with peers and challenging competitors. Similar to our various interpersonal relationships, friends and enemies are made along the way.
Peter Kelly, an MBA educated manager with a strong record of leading teams across a broad range of sectors, fervently believes that the entrepreneurial journey is a marathon. He said: “Persistence is not just maintaining the good fight, it is also the art of staying in the game.”
In fact, success comes from repetition, not new ideas. No one ever says: “I wish I had worked longer hours, or taken more work home, or had fewer holidays.” Entrepreneurs need to look after number one to be number one. Whatever it takes, they should be flexible and have a strong determination. They also have to be very patient, without sacrificing personal ethics.
Thomas Edison once said “I have not failed. I have just found 10,000 ways that do not work.”
Believing in the ability to achieve the best and to constantly push yourself beyond your comfort zone is essential for the greater good of business.
Above all, management is about people, and entrepreneurs are emotional human beings, not robots. In the end, we are all the sum of our memory and experience. We have to remember to remember. This particular ethos can enable employees to think outside the box and develop innovative ideas to push the company forward and aid in their personal growth.
3.Visualise, then materialise your dreams
Josh Bois, Global Entrepreneur & CEO of 2030 Ventures, acknowledges that developing an idea and putting it into practice is not so straightforward.
For that reason: Action, Perseverance and Strategy are three fundamental factors to consider in overcoming that particular challenge. While there is an unrelenting focus on conquering our mental state, having a disciplined attitude is the action that makes solutions develop. In this way, discipline delivers success. It can be argued that it takes more than theoretical knowledge and technical skill, which poses a challenge to the most serious of entrepreneurs. Entrepreneurs must strive to be the best in their respective field. There is a vast array of hurdles that ought to be jumped across. Nobody will drive your own business forward like you will, so it is imperative to stay focused on your goals and make consistent progress. It is pragmatic to maintain a calm attitude and resolute intent. Optimise an efficiency in both the personal and business aspects of life and learn to clear redundant tasks that are outwith your ability; this is something Richard Branson, founder of Virgin Group, often elaborates on.
It would be useful to develop mind maps and take note of strategies, processes and ideas to develop that next billion dollar idea. Be consistently aware that each day brings new opportunities and it is fundamental to evaluate them all and assess their value.
Developing catchy phrases and notable mantras can be helpful with apt repetition.
John Durrant, CEO and co-founder of Juggling Swords, was quick to point out that “Behind every great business is a great story. There is no secret that a positive mindset and a willingness to succeed and take risks are the foundations for building and maintaining a successful business.”
He underlined that the ups and downs of running a business will always test us to our limits, therefore it is necessary to maintain the self-confidence to develop successful entrepreneurial skills. Being self-confident, passionate, and being bold enough to create and maintain a business, are key factors in developing an innovative and forward-thinking entrepreneurial approach.
Perseverance and the proclivity to stay focused are key, no matter how big the challenges are. The sense of achievement is profound when you make the conscious decision to persevere and have things turn in your favour. It is crucial to believe in yourself, in your ideas, and in the people who work with you.
As author, Alan Alexander Milne, attests through the resilient story of Winnie the Pooh: “Promise me you will always remember: You are braver than you believe, and stronger than you seem, and smarter than you think.”
It may seem apparent, but the most successful business-people tend to evaluate a situation, weigh up the options, make a decision, execute on it and not dwell on failures made. There is no substitute for unrelenting hard-work. An average idea that is executed upon will yield better results than the procrastination of a ‘perfect idea’ which is never implemented.
It is essential to be conscious of a business mission, in order to make it accessible and innovative in terms of talent, resources and expertise, in order to compete on the global stage.
Start with small steps and don’t be afraid to fail, as failure is often the most useful way to learn.