Home-based Business Self Development

Five Steps to Develop Your Entrepreneurial Mindset

If you are anything like me, I constantly wonder about the way some ultra-successful entrepreneurs think. I am on the same journey that they were on.

I am developing myself. I am working towards my own set of goals, my own hopes and dreams. I am always checking my thoughts and checking the actions that they are directed towards my business strategy.

It is constantly checking and rechecking of everything.

I think that we can agree, that it is a mindset that we as entrepreneurs develop.

The list we could make would be quite lengthy. So these five offer an insight into, what I think are the fundamental aspects of this mindset and thought process.

Without a doubt, an entrepreneurial mindset is continually and persistently developing.

  1. Being Committed to Action

Not too long ago, I became stuck. So stuck that when I woke up in the morning, even my normal routine was a challenge.

I knew that once I was finished with what I generally do every morning – a walk or swim; breakfast, a cup of coffee while reading emails of my subscriptions – that I had to carry on with my set tasks. The problem was, was that I didn’t know what to do.

Just this thing, is one of the most critical aspects of developing an entrepreneurial mindset.

You can never be in a frame of mind where you are stuck, static or inert. You have to be committed to action.

The only way you can get out of this place, which I would imagine is like the doldrums, is to just do something. Something towards your goal.

If that is rewatching a training video, reaching out to your mentor or to your community – just do something!

It is amazing that when you put action first, how that action leads to more doing and leads to more achieving.

2. If you are thinking of quitting, think again

There have been so many times that my stopping doing what I am doing has crept into my mind. It was on those occasions when things were not working, things got overwhelming and self-doubt started to creep in.

How was I ever going to achieve the success that I see so many others have achieved? What makes me so special?

I always go back to my “why”. My purpose, and why my dreams are so important to me now, at this time in my life.

The truth is that if I quit, I have to go back to what I was trying so hard to move away from. I would have to march to the beat of someone else’s drum.

So I have no other option but to continue, and if that is to continue against every single challenge, I am totally up for it!

Some of my ideas might not be so great, and maybe they don’t do as well as I would have hoped. Quit on those ideas to move onto the next, and the next, but never ever quit on yourself.

3. Take from other leaders, other mentors and relish their successes

I am in a community of entrepreneurs. It is common practice that we share our wins, and also share our losses.

Being honestly and gratefully happy for others success is the key to developing your own success. I believe this because when a success is shared, knowledge is shared.

When you listen and learn about how success is made, this makes your own journey so much easier to navigate. Likewise, when a loss is shared it is an opportunity to learn and to support others and so it is always a win-win situation.

4. Never stop learning

Read every day. Read how others have done it, how they overcame challenges, and understand their thought process around how they overcame challenges.

If you read often enough, the author’s thought process will become your own. It’s a cycle of bringing us back to a way of thinking. A mindset.

Learn about marketing. Learn how to recognise authentic messaging. Be innovative in your thought around your customers and who you are presenting your products to.

Your customers learn as quickly as you do, so keeping up with them is paramount for you to keep adding value to your marketing strategy.

5. Challenge yourself

With anything, when you set off on a new journey there are naturally going to be feelings of trepidation. As you progress you build confidence, and with this confidence you can trust and bet on yourself to rise to new challenges.

As you meet those challenges, your skills develop and then fear subsides. It is almost always fear that stops us in our tracks.

Be mindful of fear, and where your fear is coming from.

I love this quote by Nelson Mandela:

“It always seems impossible, until it is done”

Here are some other points to ponder and to develop an entrepreneurial mindset:

  • Have a clear vision
  • Always strive to add value first
  • Take a holistic view of challenges
  • Stay in the present
  • Plan for the future

To your success!

Home-based Business

5 Daily Habits of Leadership

While it might seem a dreary prospect to follow a daily routine, the power that this routine provides, and the good habits created, are incontrovertible. 

Some leading entrepreneurs and business people have their own specific routine, and these daily habits have set them up as leaders in their respective industries.

For me personally, I love Benjamin Franklin’s plans for self-improvement. On the road to being a business entrepreneur being a persistent student is key to a successful outcome. 

Elon Musk’s schedule of planning his day in five-minute blocks is something that I am going to implement to be even more effective in my management of time. 

Kevin Kruse, a Time Management expert has researched and found that top performers use time-blocks as opposed to To-Do-Lists to achieve the best possible outcome in the productivity of their days.

Habits and routines are of course very personal, but knowing how to put your best foot forward, and what critical tasks you need to accomplish to boost your business strategy, can set you up as a leader in your own niche. 

Here are five daily habits, that you could implement immediately.

Daily Habit 1 — Visualisation and meditation on your goals

Writing out a set of goals is only the first step to understanding what needs to be done in your vision for the future.

Action steps are of course critical to achieving your goals, but often these steps can become overwhelming. Self-doubt and negative talk creep in, especially if you are new to the entrepreneurial journey.

Visualizing and being in your future where your goals are already attained, solidifies your actions and bolsters your way forward. You remember your purpose and are able to pinpoint the reason for taking this journey in the first place.

It marks the way for your next step and builds the confidence you need when your journey is a path where you might be learning new skills.

Visualizing makes your goals a reality and not just a bunch of words on a piece of paper you have pasted on your wall above your desk.

Daily Habit 2 — Personal Development

Investing in yourself and your continuing growth is always money well spent. 

During my research, I read how entrepreneurs have failed on numerous occasions or have even lost their businesses completely. Because of the skills that they have learned though, those “failures” are literally like water from a duck’s back. 

It is the deep-seated knowledge and self-belief in their expertise and skill that puts them ahead of all others. It bolsters their performance and supports their daily drive towards their end-goal. 

It is also not just tangible skills that lead to the development of self. It is reading inspiring articles, and being prudent as to what you listen to and things you involve yourself in.

Self-development is not a destination, it is the ultimate journey, and having this item on your list of daily habits is a must.

I have this quote from Oprah Winfrey in clear view as I sit at my desk. It for me, highlights what self development is mostly about:

Do the one thing you think you cannot do. Fail at it. Try again. Do better the second time. The only people who never tumble are those who never mount the high wire. This is your moment. Own it.”

Daily Habit 3 — Brainstorm and Mastermind with other Leaders and Mentors

I hear this often from my mentors that I learn from: 

“Read. Read some more, and then some more. Listen. Listen some more and then some more. Once you have done this, take action!” 

While you might be setting off on a journey that may be foreign to you, you can count on it that there are others who have already walked your path. They are the trailblazers who are making things happen in the same way you need to. Follow them. 

Read about their successes. Listen to their words of advice and act upon that advice. Participate actively in forums, and webinars and follow through on the lessons learned.

Being a perpetual student is not enough. Knowing that you have gained the knowledge and skills, and understanding a successful framework is just the first step. Acting on that knowledge is fundamental to the mastermind process. 

Even the most successful entrepreneurs have mentors and people they look up to. It is being a willing receptacle to learn and grow. 

Daily Habit 4 — Learn, Do, Teach

Leaders are self developers. As we are leaders, we also have an expectation that others are leaders in their own right too. 

As you have learned from your mentors and leaders, it is your responsibility to “pay it forward” by putting your new skill, or belief into action and teaching others to do the same.

It is potentially a life-changing and world-changing practice. 

Imagine a place where we are all learning from each other, putting into practice our new skills, and creating good habits everywhere?

Daily Habit 5 — Income-producing activity

As an entrepreneur, you are ultimately your own boss. 

We seldom answer to anyone else and thus, as my old dad used to say, we are responsible for pushing our own wheelbarrows. 

While we might not answer to others, we remain responsible to ourselves and to those around us who love and depend on us. Accordingly, an income-producing activity practiced every day must be on the list of daily good habits.

Placing an ad, writing an article, managing affiliate links, (if this is your strategy) and promoting your content, are habits that will ultimately have a positive effect on your income. 

Practicing these five daily habits might just be powerful enough to change your view of leadership. After all, it is not the position we lead from, but it is the mindset that we project that makes us leaders in our own right.