Mindset of the Entrepreneur

We all know that starting your own business is not easy. It requires extensive research and analysis of many factors. But most of all we need to get the mindset right.

Wanting to be an entrepreneur is one thing; being one is quite another. You will have responsibilities and commitments far different than the average employee. It's will be a challenge that can be very rewarding, that is if you are mentally and emotionally prepared for it.

Are you a Self-Starter?
Nothing in business happens by itself. As the owner, you will be responsible for everything from establishing your firm’s vision to setting the daily work schedule.

Are you a Positive Thinker?
The moment you become a business owner, you represent yourself, your business and your expectations for success. What you say and do must convey confidence and commitment to moving forward. Employees who sense these qualities will share that determination to succeed, even under difficult circumstances. If you work alone, there will be days when you have to be your own cheerleader.

Are You Disciplined?
Your days of the “9-to-5 routine” are over. Running a small business requires a continuous commitment to quality and detail. You cannot afford to cut corners, miss deadlines or make promises beyond your capabilities. If you plan to run the business from home, you must be able to resist temptations and distractions in order to get your work done.

Can You be Objective?
Your ideas and practices may seem “bulletproof,” but reality may be far different. Is there really a need for a particular product or service in your area? Are the hours of operation fair to your employees? Is renting equipment better than owning it? A good business owner knows how to examine an issue from many perspectives and understand that strengths and limitations of each.

Looking at these questions, you should know if you are able to do the job. Keeping the mind focused and ready for action is of very importance.

I have once heard someone say - "Working for yourself will be one of the loneliest things you will ever do" - SO KEEP THE MINDSET FOCUSED!