Entrepreneur Mindset

*Focus on something that is bigger than money and the money will follow!

•Entrepreneurship sparks innovation, drives employment, fuels economies, and offers solutions to a range of environmental and societal challenges. But before those sparks and drivers ignite, an entrepreneurial mindset must be in place as a catalyst.

•An entrepreneurial mindset helps leaders create value by “recognizing and acting on opportunities, making decisions with limited information, and remaining adaptable and resilient in conditions that are uncertain and complex.

•Entrepreneurship is much, much bigger than just startups,” Aulet said. “Entrepreneurs need to exist throughout our society not just in venture-backed startups. They need to exist in government, they need to exist in big corporations, they need to exist in non-profits, [and] they need to exist in academic institutions. We need entrepreneurs everywhere.”

*Solutions-oriented
An entrepreneurial mindset is resilient, resourceful, and solutions-oriented — even when the conditions say otherwise. People with these mindsets are lifelong knowledge-seekers who are curious and creative, and they are critical thinkers.

“They're self-directed, action-oriented, highly-engaged,” Barrett said. “They have optimistic interpretations of adverse events” and see problems as potential opportunities.

“They're about looking to others, and the value you can create for others by solving problems for others, and they surround themselves with an intentional community of positive influence and critical guidance.

Entrepreneurial mindsets understand that pursuing and following through on something can lead to unforeseen opportunities.

*Adaptable
An entrepreneurial mindset embraces change, Aulet said, though that’s not always taught in management school.

“That doesn't mean we need entrepreneurs and no management,” Aulet said. “We need ambidextrous leaders. We need managers who are entrepreneurial and can shift to be managers when need be, and be entrepreneurs.

When change happens, an entrepreneurial mindset keeps an eye on the mission, he said.

*Anti-fragile
Despite the prefix, anti-fragile is a positive condition and quality of an entrepreneurial mindset.

•What is an entrepreneurial mindset?

*An entrepreneurial mindset is a set of beliefs, thought processes, and ways of viewing the world that drives entrepreneurial behavior. Typically, entrepreneurs firmly believe it’s possible to improve their life situation and live life on their own terms. They also believe in their ability to learn, grow, adapt, and succeed.

The mindset of successful entrepreneurs is different from the mindset of traditional workers in many ways.

For example, if a traditional worker needs to earn more money, they’ll often brush up their résumé and look for a better paid job. However, someone with an entrepreneurial spirit would look for ways to earn money by starting or growing a business.

Here’s the thing: Anyone can develop the mindset of a successful entrepreneur. As the founder of Ford Motor Company, Henry Ford, once said, “Whether you think you can or think you can’t—you’re right.

•The importance of an entrepreneurial mindset
The power of an entrepreneurial mindset is obvious when you think about it. Entrepreneurs succeed like they do because they think, act, and view the world differently from most people.

There are so many reasons why an entrepreneurial mindset matters. For example, developing an entrepreneurial mindset can help to reduce doubt, fear, and anxiety. It can also help to drive action, focus, and growth.

In short, an entrepreneurial mentality is the foundation of business success. Now, let’s explore how entrepreneurs think.

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