THE MINDSET OF AN ENTREPRENEUR

So, you have the concept, you have the skills and now you are ready to become a business owner but are you ready yet? Is your mindset prepared to sustain everything that is coming your way? For some people setting up a business comes automatically when it comes to thinking like a business owner, but being your own boss it is not for everyone. You may have heard many stories about new businesses failing within the first year and years of savings getting lost in the process. These stories could have happened because the wrong idea was chosen, or bad decisions were taken during the process, perhaps a personal situation with the family was a big reason things didn't work out. Whatever the situation, a lot of these things can be avoided before they even happen, and this starts with the right Mindset, in other words, that way of thinking that enables you to overcome challenges, be decisive, and accept responsibility for your outcomes. Being an entrepreneur means having a constant need to improve your skills, learn from your mistakes, and take continuous action on your ideas.

The business mindset is a dance of strategy. A combination of long-term goals with daily activities and decisions. First of all, your business must reflect your passions, because if you are doing it only for the money, you will never have the fulfillment that you are looking for.

So what are the characteristics of the entrepreneurial mindset?
►Determination and refusal to fear failure

►Focus, keep your eyes on the prize, and don't allow distractions

►Motivation, have the drive to set goals, keep them visualized, make ideas, and make them work.

►Decisiveness, Avoid wasteful thoughts and actions, take decisions fast

►Independence, you work great alone, and take matters into your own hands

►Flexibility, You know that 24/7 is your new schedule and you are willing to work anytime

►An uncanny desire for Knowledge, continuous learning, and education is a must for you

►Creativity, Thinking outside the box is one of your abilities, There are no limits to imagination
►A positive attitude, the attitude you have to deal with your challenges can affect the way your business runs

►Resilence, tenacity in the face of adversity is your driving force to maintain the strength during the hardships

Most importantly, one of the traits often ignored and yet necessary to succeed is ACCOUNTABILITY, you must understand that no matter what, as a business owner, everything is, and will be, your fault. Taking ownership over your actions means that you are willing to recognize your mistakes and be able to fix them and learn from them. No matter what business you want to start, keeping in consideration the mindset points will allow you to create an easier environment, consider following your instincts when making decisions and set yourself as an expert in your field, remember that your clients are looking for value, and someone to trust their business with.

For coaching advice contact Yvonne Faulkner