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The Mind Set of the Successful Entrepreneur

What sets apart a successful entrepreneur from people who are not successful, whether in their own small business, or in a job? Looking externally, the entrepreneur is a normal, everyday person just like everyone else – they need to eat, have a roof over their head, they have obligations, to themselves, their families, their communities.

They have their own idiosyncrasies, fears and challenges too, just like everyone. Yet, somehow they have taken their energy, resources and talents and produced something extraordinary – a business which adds value to society, is profitable, and with those businesses and their lives are leading a life of purpose, profits and passion.

Putting a regular person next to the successful entrepreneur, at first glance, you would not be able to tell them apart. Yet these two proverbial examples would be doing drastically different things which lead them to significantly different results. To find the reason, we will have to look at the root cause of their actions, which is the mindset.

 

  • Mindset

 

The mindset of a person encompasses several different things – how he views and defines this life of ours on Earth, his purpose, his self, his beliefs and his values. It is this mindset of the person which defines how he views or interprets what is going on around him, and how he gives them meaning. It is the meaning of these events and his situations that will determine his emotional state and thus the decisions he makes. These decisions will in turn determine his actions, and his results.

It is because the results of the successful entrepreneur and the ordinary man are so different, that we can attribute the root cause of it to be the difference in mindset. So what makes the mindset of the successful entrepreneur different?

 

  • Owning Your Own Destiny

 

First and foremost, the successful entrepreneur does not attribute the reason for his success or failure on luck, other people, the government, the economy. He may or may not believe in the presence of a divine being, or the one-ness of the universe, but regardless lives by the saying ‘If it is to be, it is up to me.’ Ryan Kavanaugh

In other words, the first step to being successful is that of owning your own life and fate. Know what is within your control, such as your emotions, your actions, the people that you associate with, and your attitude. Successful people bulldoze past bad luck, obstacles, naysayers, fears and risks through believing that whatever they envision, they can make happen with the right approach and perseverance.

 

  • Vision

 

One common trait found in successful people is that they have a strong vision for what they want to achieve. For example, Bill Gates’ vision when he started Microsoft was that every household would have a personal computer. He believed in the positive life-changing force that computers represented and developed a strong and motivating personal vision for it. It is described that this big vision pulls the entrepreneur towards it, rather than him having to push tiresomely.

 

  • Doing Whatever It Takes

 

The successful entrepreneur also commits to doing whatever it takes to making his vision come true. This is the definition of commitment and truly what makes them succeed, for most people run at the first sight of blood. The moment something goes wrong, they say, “That’s it, this is not the right thing for me. I knew that it wouldn’t work anyway.” Successful entrepreneurs know that their success, or at least their next level of success, lies behind the obstacle that lies just behind them.

 

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