Take Charge! Building an Entrepreneur Mindset

In a recent article titled " Nine Mindset Changes That Will Turn You From Employee to Entrepreneur ", Maite Baron discusses the drastic shift in responsibility that takes place once you choose to become an entrepreneur:. Employees are often delegated specific tasks that allow little room to think beyond a narrow scope. Entrepreneurs must have the capacity to simultaneously be detail-oriented yet be able to focus primarily on the company at large.

As an employee, you may have initially learned a lot when you were first hired, but now find that you know everything there is to possibly know about your job. According to Farnoosh Brock , as described in the article " Considering Entrepreneurship? Drop the Employee Mindset First ", you must also learn from your mistakes. Entrepreneurs, however, view stability as stagnation and see unpredictability as a driver of change and progress. Consider Jim McCann's legendary success as founder of Flowers. He set the standard for innovation when he used a toll-free number in his company name and then became one of the first online retailers, thanks to a deal with AOL in the 's.

But he was working as a group home counselor and bartending at night when a customer came into the bar and mentioned he was selling his flower shop. Without any knowledge of the industry, McCann expanded a simple bricks-and-mortar opportunity into a full-blown global retail service with the technology available to him.

You can apply that kind of outsider thinking to your own business. David realized that radio advertising could help us penetrate our local franchise markets. Now, audiences hear our ads a minimum three times per week. After that deep-dive, our business has grown 20 per cent year-over-year, supported by the strength of our radio advertising. Simply admitting that he wasn't informed and seeking collaborative learning gave David an opportunity to meet and exceed his goals and get a promotion in the process.

About 90 per cent of the people we've trained have stayed within the O2E Brands family. Second, make sure you give something of value first when making connections instead of beginning by asking for something. This may seem like a contradiction to our last point. But author, former hedge fund manager and tech entrepreneur James Altucher stands by the belief that great opportunities come your way when you offer something without looking for payback.

Altucher says he regularly sends out ideas to people with whom he would like to do business or those he admires and would like to meet and asks for nothing in return. Often he does not receive so much as a response, he says, but sometimes the results are magical. As a result, Altucher received an invitation to become a contributing writer.

Give employees some skin in the game

Complaints about counterfeit or fake items sold on the site as name brands abound. And, of course, the problem is exacerbated as Alibaba attempts to position itself as a site other businesses use as a source of wholesale merchandise. As Alibaba considers going public with an IPO, another challenge looms. Ma wants to keep tight control of his company and of the team of executives he already has in place. This can be hard to do once investors enter the picture. Many want to have a say in how the company is run after investing their hard earned money.

But Ma believes in his vision for his company and in the culture he has created to get the job done. The string of successful films created a whole new market for science fiction and fantasy.

The Entrepreneur Mindset of 10 Successful Entrepreneurs

But creator and filmmaker George Lucas saw so much more. To him, the first trilogy of films and the three additional movies that followed became a powerful brand.

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That brand became a spring board to lucrative licensing deals for everything from toys, to video games, to memorabilia and live attractions. From best selling albums to a nightclub, a clothing line, a sports franchise and more, rapper Jay Z is known not just for his music but also for his business acumen. His success is based in part on his focus. It includes a refusal to spend his time on anything that does not expand his entrepreneurial ventures. While some might consider this outlook shortsighted, the question remains.

How often have we allowed someone else to drag our focus and energy away from our businesses — and what has it cost us?

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As international demand for his bread grew, he still refused to mass produce his product. Instead, he insisted that each loaf still be hand crafted by a baker personally trained in his techniques. The desire to create a product that stands alone is nothing new. Way back in , the Primrose brothers George and William promised to produce crystal as fine as any in Europe — and the Waterford brand was born.

The crystal is also known for the deep and ornate carvings created by skilled artisans that give it a distinctive appearance. Almost a century later, the Waterford Crystal tradition was revived, returning the crystal and the town in Ireland for which it was named, to their former glory.

Oprah Winfrey had experienced plenty of success as a broadcaster and even in the entertainment industry before ever launching the Oprah Winfrey Show in After some initial radio and TV jobs, she would host a successful chat show in Baltimore and later a show in Chicago that beat Phil Donahue in local ratings. Her production company would eventually produce other TV and film projects. A professional journalist with more than a decade of experience in the traditional newspaper business, he has another 10 years of experience in digital media for trade publications and news sites.

The Entrepreneur Mindset of 10 Successful Entrepreneurs - Small Business Trends

Shawn has served as a beat reporter, columnist, editorial writer, bureau chief and eventually managing editor with responsibility for nine weekly newspapers, the Berks Mont Newspapers. These tips give us serious insight into the makings of a good businessman. Every type of advice always comes with a kernel of unforgettable power and this piece captured that power and used it very well. Clear, concise and extremely helpful many entrepreneurs should read this article before starting out. Especially love the way you kicked it off with saying get out and talk first to the customers.

So many business owners are so consumed with their business that they think that they are the best without even consulting their customers. That was an awesome post with relevant examples.

10 Mindsets of Successful Entrepreneurs

Entrepreneurs are all different and they all have a different entrepreneur mindset that contributes to their mega success. I would agree that quality control is key. If you find that you are struggling to perfect your processes, product or service, then you should consider hiring an expert to give you a hand it could be a consultant, another entrepreneur or a friend. Just do whatever it takes to put your best foot forward during each and every interaction with your customers, and never stop striving for perfection.

Your business and wallet will thank you for it! It was a joy to do.

Giving without expecting in return for me is the most inspiring mindset. Then finding a new market for an existing product and successfully penetrate this market for me is the most challenging mindset. I recommend you that you read Edwin A. Traits of the Great Wealth Creators, for more heroes. Shawn, great job on this post.