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Traits of the Entrepreneurial Mindset

Guest post by: Jean Klett

Article Overview: What makes some entrepreneurs so great? They inevitably have a different way of thinking, and some specific traits that set them apart.

Traits of the Entrepreneurial Mindset

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Article Tags: business, entrepreneurial mindset, entrepreneurs, industry, way of thinking



Related Forum Posts
Re: I.M Fellow Here! - Thanks! Evan, I hv heard much about your ingenuity in Entrepreneurial sphere. Great work you're doing!
Re: Great at one thing OR good at everything? - [quote="babyjoy214":tb4042ja]I heard this from my dad "Jack of All Traits, Master of None"[/quote:tb4042ja] Personally, I see myself as being a good at a lot of my passions, but not "great" enough to earn a living from any of them. I feel that our society favors those who specialize and pigeon hole themselves into one thing. In fact, I don't think you can even get a high paying job without spending 6 years studying that one subject in college + post grad studies.
Re: Cash Comes from Creativity - Hi Yinka, Good post and a very Entrepreneurial approach if you like. It is true that with the every day gadgets, services and products that we use, it is easy to look at them just for what they are and not what they could be. We should always be on the look out for ideas that we can explore or existing products that we can maybe improve or re-design and that is also true with Internet Marketing. regards, Mal.
Focus Brings Long Term Results - Over the past 2 years of venturing out and running my own business and not working full-time in a job I have tried numerous business opportunities. I have tried businesses in providing student accommodation, share trading and options, renting and selling paddles to dragon boat clubs and selling toilet odour eliminator products online. This was opportunistic thinking and diminished my efforts as I got started by adding more work rather than focusing on one business. It was all very tempting to try and run them at the same time to see which one would take off. Unfortunately there was no focus and when times got tough I jumped across to work on the business that interested me more. Opportunistic Thinking Is Bad If you are like me and see that everything is possible and always keeping an open mind about business ideas, then you will find it irresistible to try new ideas. Trust me I’ve learnt the hard way. So how have I changed this? I’m a huge fan of Yaro Starak’s blog - entrepreneurs-journey.com and one day he wrote a post about his coach Rich Schefren who was launching a new coaching program. As usual most internet marketers have a system to launch their new products and give away a lot of free quality information that can be applied straight away. They do this so they can build rapport with you and show that their information is useful before they start their sales pitch on you. As I knew the information was free and they just wanted my email address, I downloaded Rich’s eBook, the “Internet Manifesto“. If you haven’t read it, I would recommend you get a copy of it immediately. The Change in Mindset After reading the “Internet Manifesto”, I had a profound moment that I would change the way I operate my business. My mindset went from “thinking opportunistic” to “thinking strategically” meaning if I wanted to build a long term business I would have to set up the right systems and hire staff to leverage my time. I realised that I couldn’t do everything myself. Rich’s famous flowchart accurately shows how most Solo Enterpreneurs run their Internet Businesseses today. (I’m one of them and have taken action to outsource a lot of my work since then) Rich Schefren's Internet Manifesto Since then I have taken action to sell my businesses that are not part of my goals and made a mental decision to not start new business opportunities. Focus Is Key Since I was compelled to find out more, I downloaded the rest of Rich’s series of books which are listed below: 1. Internet Manifesto 2. The Missing Chapter 3. The Final Chapter 4. Attention Age Doctrine Part 2 5. Maven Matrix Manifesto 6. The Entrepreneurial Emergency Through this series I learned that I needed to focus on one task at a time, not five at a time (today’s generation calls it multi-tasking). Making that shift helped me improve time efficiency and also get tasks completed that generated more money. Additionally, you need to use your strengths to focus on a task and learn to outsource the rest that you are not good at. This is the key to long-term success in any business. Tyrone Shum Focus Strategist
Pitch Like A Girl: How a Woman Can Be Herself and Still Succ - Pitch Like A Girl: How a Woman Can Be Herself and Still Succeed Ronna Lichtenberg 2005 From the inside cover: "As a woman, you probably feel uncomfortable when it comes to promoting yourself and asking for what you want." WHAT IN THE HECK IS THIS, I asked myself when I read that. Women are the fastest growing business owners in the US and Canada, there are t housands of women executives and CEOs - though not as many as might be expected, admittedly, yet the book opens with this surely out of date stereotype. However, as she continued to give examples of women who had high paying jobs but were routinely not paid as much as men because it hadn't occurred to them to ask for raises, etc., I decided it was probably true for a majority of businesswomen... Anyway, more of the info from the jacket: "Other books have told you how to get what you want by being more like a guy. Pitch Like A Girl tells you why its an advantage to be who you are and how to do better by bringing more of yourself to work." The TOC: 1. Pink and Blue 2. The Quck-dry Chapter 3. What's In your head that's not in his 4. The Me, Inc Mindset 5. Visioning: Discover What You Really Want 6. Identifying Prospects 7. Pre-pitch homework and heartwork 8. Crafting the pitch 9. Pricing the pitch 10. Packaging the pitch 11. Delivering the pitch 12. Closing Conclusion A Word to the guys The Empathy Quotient The Systemizing Quotient Bibliography And on a side note - non-fiction books without indexes - of which this is one, annoy me.


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