Develop your Entrepreneurial Mindset

What is an Entrepreneurial Mindset?

An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. Having the right mindset can be just as important as a business strategy. It will help you to keep working hard and stay optimistic even faced with failure. Moreover, this can often be the difference between long-term success and struggling to turn an idea into reality.

How to develop your Entrepreneurial Mindset?

  1. Set clear goals

Entrepreneurial thinking is goal oriented. Indeed, entrepreneurs set thoughtful goals and work hard to achieve them. You should always set SMART goals, these are: Specific, Measurable, Attainable, Relevant, Time sensitive.

In addition, don’t forget to write down your goals! According to a study of Dr. Gail Matthews, a psychology professor at Dominican University in California, people are 42 percent more likely to achieve their goals by writing them down. 

  1. Practice being decisive

The entrepreneurial mind is decisive. Entrepreneurs have to face problems and take lots of important decisions every day. Remember that you should be comfortable with making decisions quickly, because if it takes you too much time, the risk is that you miss great opportunities.

  1. Redefine failure

Entrepreneurs don’t fear failures, they appreciate. You ask yourself why?

They see it as an opportunity to learn, grow, adapt, and develop new strategies, and it enable them to succeed in the long run.

So don’t avoid failure, embrace it! 

  1. Face your fears

Letting your fears keeping you from moving forward is risking to miss great opportunities. Here’s a tip: put yourself in new and unfamiliar situations that force you to grow, and try something you’ve never done before.

  1. Remain curious

As an entrepreneur, you need to be curious and continuously learn new things. Knowing more about the world we live in and what is developed elsewhere will help you to find new opportunities for your business. Besides, keep up with the news will enable you to stay relevant in your industry.

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them. 2021-1-NO01-KA220-VET-000033203

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