The Entrepreneurial Mindset

he entrepreneurial mindset is necessary not only for business owners, but also for regular employees. It has its benifits if utilized and introduced properly. There are also methods to develop this type of mindset.

entrepreneurship is the pursuit of opportunity beyond resources controlled.

Professor Howard Stevenson

But my own definition of entrepreneurship is: the spotting of opportunity of a gap of need for particular tangible or intangible value in the community of individuals, communities and organizations and create a product or a service to fill that gap in return for revenue and profit.

Now back to topic of entrepreneurial mindset. It’s simply to think like an entrepreneur. It helps you to bypass challenges, be decisive, and accept responsibility for your outcomes. It is a constant need to improve your skills, learn from your mistakes, and take continuous action on your ideas. Anyone willing to do the work can develop an entrepreneurial mindset.[1]

How to utilize entrepreneurial mindset as an employee?

Basically you can use this mindset to suggest new products, services for the company’s clients, and then maybe you can have credit and a percentage of profit from that new product or service.

Or perhaps you can suggest new methods of working inside the company. Some methods to improve the daily corporate life of employees and yours as well. You can also suggest new methods to improve the internal procedures of the company. You see, when it comes to using the entrepreneurial mindset for the internal works of the company you’re always a winner because you’ll be affected by the ideas you provide and work for to introduce to the company either positively or negatively.

How to develop an entrepreneurial mindset?

You can develop an entrepreneurial mindset by acquiring the following skills and values:

  1. Total commitment
  2. Curiosity
  3. Empathy
  4. Willingness to fail
  5. Self-Confidence
  6. Decisiveness
  7. Accountability
  8. Resilience
  9. Humility

[2]

Employee vs Entrepreneurial mindset

This’s a table to differentiate between the regular employee’s mindset and that of the entrepreneur:

[3]

In conclusion, The entrepreneurial mindset can be used positively by employees just like the businessmen. It has many advantages. There’s a specific way to acquire such a mindset.

Sources:

[1]https://hacktheentrepreneur.com/entrepreneurial-mindset/

[2]”https://blog.coursera.org/5-ingredients-of-an-entrepreneurial-mindset-according-to-top-innovators/" and “https://hacktheentrepreneur.com/entrepreneurial-mindset/"

[3]https://www.youtube.com/watch?v=lUizc1dYGwY&list=PLnjnIV1H5-zSQQH8Z9K6vUNi9QR_ZJtrh&index=2

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