Tweet

Preserving the Entrepreneurial Mindset

Guest post by: Barb Hauge

Article Overview: Mindset is something that every sucessful entrepreneur has. It is a skill that keeps the creativity and growth of your company alive. Nourishing it keeps your business skills sharp and tighens the bond between your customers and your company.

Preserving the Entrepreneurial Mindset

Although one can achieve enormous success through the use of the entrepreneurial mindset, it also entails a vast amount of effort to hold on to it. In other words, it is not a gift you should take for granted. Keep in mind that the entrepreneurial mindset requires a commitment towards preservation.

Online business owners, especially successful ones, should think back as to why they got involved in their line of work in the first place. What did you hope to contribute to your industry? What type of advancements did you long to play a part in? Are you still working towards those goals or have you lost your ambition? Posing these questions not only allows you to better re-examine the strengths and weaknesses or your business, but it hopefully gives a needed boost to your company. This is a common practice amongst those who utilize the entrepreneurial mindset.

Businesses need to continue evolving and trying their hand at new forms of technology if they hope to progress. However you also need to make certain that you never stray too far from your company's original goals and ideals. If you move too far away from what made you a success in the first place, you run the risk of losing your company's most loyal and devoted customers. The entrepreneurial mindset understands that tight bonds between a business and its customers go a long way. In the process, it can also help your business develop a reputation as a dependable and steady force within its industry.

When running any company, particularly an online business, mistakes simply come with the territory. The ability to learn and grow from your errors however shows one is adopting the qualities of the entrepreneurial mindset. Instead of beating yourself up over your mistake, view the experience as simply part of the learning process. For example, if the error relates back to your website's performance, simply use the opportunity to better fine tune the maintenance of your site.

While the entrepreneurial mindset does not encourage recklessness, it does support fearlessness. It also encourages you to push the boundaries of your industry by trying new devices or testing revolutionary business theories. It is a healthy way to sharpen your business skills and keep the entrepreneurial mindset alive.

Related Articles
  Staying in the Entrepreneurial Mindset Online
  Changing to an Entrepreneurial Mindset
  How to Adopt a Positive Entrepreneurial Mindset
  Home Based MLM Business – Why do 97% of people fail?
  Attaining the Entrepreneurial Mindset
  Why Mindset Is Important To The Success Of Every Entrepreneur
  Traits of the Entrepreneurial Mindset
  The Key is Confidence
  Bring Your Inner Entrepreneur to Life
  Developing an Independent Entrepreneurial Mindset
  Characteristics of the Entrepreneurial Mindset – Passion and Drive
  Before Starting An Online Home Business Of Your Own
  Do I Need to Have a Millionaire Mindset to Be Successful? Secret Revealed
  Home Based MLM Business – Why do only 3% succeed?
  Mindset of a Successful Entrepreneur
  SMEs - a challenge for African countries
  SME's - the impact of government mindset on entrepreneurship
  The Art & Power Of Making More Wealth From Within
  Gain Wealth Through Happiness
  Smart Women Develop a Mindset Ready Fire Aim

Article Tags: business skills, entrepreneurial mindset, industry, sucessful entrepreneur
Referred by: http://jaykubassek.com



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: 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.
Re: Introducing myself, Scott Allison and Teamly - Sure, no problem GT. Here is some more about me: I founded my first business in my spare time while at University and since then entrepreneurship and business has become part of my blood. I am motivated by the desire to lead and build a valuable business using culture and values as a core foundation and to make products that make a difference to those who use them. I love entrepreneurship, and am keen to assist others fulfil their potential, that’s why I am on the board of non-profit, The Entrepreneurial Exchange, which aims to help entrepreneurs scale their high-growth potential business. I am also a volunteer business advisor to 18-25 year olds at the PSYBT, helping young kids who are just starting out. Prior to Teamly I was the managing director of abica, a remarkable business telecoms provider. abica was an exciting place to be with a clear vision of the future, and during that time I learned how to build and manage a great team, developed the company culture and core values, repositioned and re-branded the business, and delivered a new set of products to enhance long term shareholder value and bring in new recurring revenue streams. I left in October 2009, coinciding with the company winning a prestigious award for Excellence in Customer Service, which recognised the quality of our offering. My goal with Teamly is to be the leading online provider world-wide of teamwork software to small and medium sized businesses. I think the product we have built is the answer to the staff management issues a lot of new entrepreneurs are experiencing for the first time. Teamly's core purpose is to help businesses be more successful, and their people more aligned and effective through use of our online teamwork software.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Download a template or see a lawyer?

Listen to Your Inner Melody

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.