JOURNAL September2 nd –October21 st , 2021 A publication dedicated exclusively to Life Care ® ’s customers and partners 1 HAPPINESS September 2 nd – October 21 st , 2021 Entrepreneurial mindset: ways of thinking like an entrepreneur An entrepreneurial mindset is a set of beliefs, thought processes and ways of viewing the entrepreneurial world. Typically, entrepreneurs firmly believe in their ability to learn, grow, adapt and succeed. Here's what you need to know: Anyone can develop the mentality of a successful entrepreneur. Entrepreneurial mindset and success 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 of your business. In short, an entrepreneurial mindset is the foundation of business success. Now, let’s explore how entrepreneurs think. 1. Independence This is one of the most important aspects of the entrepreneurial mindset. Entrepreneurs don’t follow the crowd or look to others to be given instructions (we do not include mentors, who can help the entrepreneur to develop both personally and professionally). Instead, they listen to their gut and carve their own path. 2. Responsibility The independent mindset of successful entrepreneurs stems from taking full responsibility. Entrepreneurs don’t blame others for their situations – they take full responsibility, whether it is success or failure. 3. Orientation towards goals Entrepreneurial thinking is goal-orientated. In other words, successful entrepreneurs don’t have wishes and dreams – they HAVE goals and plans. So, when creating an entrepreneurial mindset, set SMART goals, that is: S - Specific M - Measurable A - Attainable R - Relevant T - Time-sensitive 4. Orientation towards continuous learning Most people spend their spare time seeking entertainment, whether it’s social media, gaming, reading novels, or hanging with friends. However, entrepreneurial thinking is more concerned with learning and development. For example: Instead of watching TV, entrepreneurs may take an online course to help them move toward their goals. Instead of gaming, entrepreneurs will often spend hours adjusting their relationship with the customers. Instead of scrolling through social media, entrepreneurs are more likely to listen to motivational podcasts or read business books. 5. Forward thinking If you want to learn how to think like an entrepreneur, you need to think long-term about your goals and objectives. The famous billionaire investor Warren Buffett said, “Someone is sitting in the shade today because someone planted a tree a long time ago.” Successful entrepreneurs know that big goals take a long time to achieve. So, they start with their goal and work backward, reverse-engineering every step of the way. In other words, “If I want this, I need to do that. But to do that, I need to do this,” and so on. 6. Collaboration and teamwork Great businesses require teamwork. So, if you want to think like an entrepreneur, you need to think in terms of “we” instead of “I.” There’s an African proverb that says, “If you want to go fast, go alone. If you want to go far, go together.” As a result, successful entrepreneurs think collaboratively and practice their leadership skills. 7. Focus Successful entrepreneurs are focused on achieving their goals. They’re focused, never procrastinate, and always prioritize the most important tasks. To do this, ask yourself, “Will this help me to achieve my long-term goals?” If the answer is yes, then ask, “Is this the most important thing to do right now?” Having an entrepreneurial mindset will allow you to think, act and perceive the world differently, laying the groundwork for success. Do not forget! You can't develop an entrepreneurial mindset overnight. It is a whole process that requires determination and patience. But by understanding some key features of the entrepreneurial mindset, you can track your behavior and learn how to think like an entrepreneur. What are you waiting for? Start YOUR development TODAY! The secret of strong bones! NEW! Details at page 2!