The Mindset of an Entrepreneur (1)

How Achieve The Mindset of an Entrepreneur: 4 Steps to Improve Your Thinking

The mindset of an entrepreneur sounds more like a catchphrase than an actual thing, right?  But it’s one of the most critical elements of running a successful online business. 

In this article, you’ll learn:

These are a few of the questions I answer in this article.  I begin by exploring the impact of our mindset on virtually every decision and aspect of life, including our careers and businesses.  I explain what the mindset of an entrepreneur includes and the benefits of this type of thinking.  Finally, I’ll cover developing this perspective and using it to create an even more bangin’ business!  Sound good?  Great, let’s jump into it.

The Almighty Mindset

Our mindset affects every aspect of our lives.  From relationships to careers to our physical appearance, the list is endless.  So, it’s worth spending a little time learning how we can develop the mindset of an entrepreneur, but before we do that, let’s discuss what shaped our current perspective and why it matters.

Our society reinforces specific behaviors that are habitualized throughout our lives.  As small children, our brains absorb all of these behaviors and beliefs like little sponges.  One research study found that children who did something generous and were praised by adults for the behavior were more likely to participate in the same behaviors later in life.  Conversely, children who were not praised were less likely to participate in generous acts or altruistic behaviors later in life. 

The same can be said for pretty much any action or behavior.  Our environments and the people in those environments affect our beliefs and actions.

Suppose we were told that money doesn’t grow on trees. In that case, chances are we may have some subconscious beliefs about the availability of money which affects our views toward money and our current financial situation. 

What we learned as little ones we took as truth, and throughout our formative years, we built a life on these beliefs, which is how we got to where we are right now.   Regardless of your current beliefs, you can develop new thoughts and actions to establish the mindset of an entrepreneur who is ready to kick some serious ass!

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Are Your Beliefs Working For or Against Your Business?

Regardless of your current beliefs, be they productive or not, influence your behaviors, paving the road to your future life.  This can either set you up for success as an online business owner or lead to disaster. 

For example, this study examined the beliefs of aging and physical health in middle-aged individuals.  The first group had a favorable view of aging, while the second group had a more negative outlook. 

Would you believe that the people with a more positive outlook on gaining lived almost 8 years longer than those who had negative beliefs? That’s early a fucking decade!

So, let’s think about your business.  How are your beliefs either supporting or limiting your potential?

Do you believe that what you are doing is making a difference?  Does making a difference matter to you?  When you think about your business, do you immediately envision success and a feeling of joy that you get from work?

Or, do you feel like your business is a sinking ship?  You are going through the motions, but just don’t believe you’re going to make it?  Every other day you find yourself wrestling with whether or not to keep going?

The Mindset of an Entrepreneur

How to Develop the Mindset of an Entrepreneur

So, with evidence to back the impact of our beliefs in our lives, how can you move forward to develop the mindset of an entrepreneur? 

1. Awareness

The first step in determining whether your mindset is setting you up for success is to become aware of your current beliefs.  Developing the mindset of an entrepreneur begins by examining our own beliefs about our business and outlook on the world. 

To change any limiting beliefs, we need only start by being more aware of what those beliefs are; suppose we’re aware and conscious of our thoughts. By being more mindful, we can reinforce the beliefs and actions that bring us closer to success while eliminating the beliefs that may be hampering success and growth.

Think about what might change your life if you were to become more aware of your limiting beliefs about yourself or your business?  How would you feel if you started seeing significant returns in your business?  What if clients began reaching out to you sharing their gratitude for how much you’ve been able to help them?  How would that motivate you to do more?  It would feel pretty damn good, right?

When I first started becoming more aware of my thoughts, I couldn’t keep track of everything racing through my head. Focusing on it only seemed to make it worse. It was like a pack of squirrels at a Truckstop rodeo. 

So, to hopefully help you avoid the squirrel rave, I’d recommend focusing on a single subject or topic.  You choose your preference, but for this example, let’s focus on your business beliefs. Let’s say you want to change some self-defeating thoughts that maybe you’re not good enough to start a business. 

This was one of my past beliefs that I wrestled with for over four years.  Every time I realized a thought or an excuse about why I couldn’t start a business, I asked myself out loud, “what evidence do you have to prove that?” Of course, I had nothing to substantiate this defeating thought. I realized that I have just as much chance at being a great business owner. 

From that point forward, I envisioned how great it would be to share my knowledge with other people and succeed, and the freedom that owning my business would provide.

Pay attention to your beliefs.  Becoming more conscious of our thoughts is one of the easiest ways to move in the direction of our dreams.  Get clear on what you want to accomplish in your business so that you can pay closer attention to the beliefs associated with those goals.  Once you identify any limiting beliefs, you can replace them with more productive ones and put yourself in alignment with what you want to accomplish.

2. Decide to Succeed

After becoming more aware of your thoughts and beliefs, you can start to change them to align with your vision for success.  Deciding and allowing yourself to succeed is one of the most critical elements to cultivating the mindset of an entrepreneur.

Allow yourself to succeed as a business owner.  Deciding to grow doesn’t mean that your decision to become a business owner or take your business to the next level won’t have its ups and downs.  No, choosing to succeed is about freeing up your energy to focus on getting the results you want. 

Rather than spending your precious time and energy thinking about what might happen in the future, decide that you’re going to make your business work. Choosing to do so doesn’t mean that you’re going to try and control every aspect of the process.  Instead, you’re going to work your ass off and give it everything you’ve got to get the results you want and trust that you’re doing everything you can to make it happen. It’s you showing the universe that you’re here and ready to rock this shit. Let’s get to it!

Deciding to succeed in many ways is remaining hopeful of the future and your abilities as a business owner. I’ll be the first to tell you that sometimes life sucker punches you, I mean knocks your ass down.  And sometimes, we get back up and on track quickly, and other times, it takes a little while. 

You don’t have to be positive all the time. The important thing here is that regardless of how shitty a situation might be in the moment, you maintain and hold onto the potential for a better tomorrow and understand that everything is temporary. 

This is incredibly important for your business because there will be days that are the bee’s knees. There are going to be days that make you want to throw back a bottle of Jack and forget you ever started.  To get through the latter, accept it for what it is, rather than resist the inevitable.  Use your energy to process what’s happening, how it makes you feel, and what you can learn from it, and then move on.    

What you’ll find is that after processing and validating what you’re feeling, you’ll feel about 10x better. After some time, you’ll be back on track and won’t give the bump in the road another thought.  This allows you to focus on what matters and avoid the stress, anguish, and self-defeating thoughts that sometimes come up when a setback happens. 

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3. Reconnect with Your Bod

Another way to develop the mindset of an entrepreneur is to connect or, in some cases, reconnect with your body.  Whether you call it a gut feeling, intuition, divine intervention, whatever flavor works for you, the important part is to pay attention to this feeling. 

Pay close attention to how you feel when you’re making decisions in your life and business.  Does something just feel right?  Do you instinctively know that what you’re doing is going to move you closer to the life of your dreams?  Or do you get a heavy feeling or, for me, tightness in my throat that’s telling you to abort the mission?  If so, heed the warning and reroute so that you can avoid whatever it is your intuition is trying to steer you away from.

For example, I tend to overthink things and analyze decisions from every possible angle.  Sure, this can certainly help from a rational, logical perspective, but it isn’t an exact science.  The decisions that have made the most “”sense,” but my gut has screamed no don’t do it, have turned out to be the most enormous cluster of them all.  While I’ve learned from those lessons, I could’ve avoided them altogether if I paid attention to my body. 

4. Keep an Open Mind

One of the most important ways to be successful as an entrepreneur is to maintain an open mind.  Keeping an open mind is really a compilation of the first three elements of what I see as the ideal entrepreneurial mindset.  By becoming aware of your beliefs, working to change those that don’t serve you, and reconnecting with your body, you are perfectly equipped to hit the ground running and start getting the results you want. 

Whether in your business or life, implementing these strategies and actions will provide you with new opportunities to succeed and accomplish more. 

Get to it!

Act Now!  Today spend 15 minutes thinking about what might be holding you back in your business.  What limiting beliefs or thoughts come to mind first? 

Once you’ve given thought, write down the limiting belief that is most important to you at this moment.  What belief are you going to change to better align your mindset with your dream business?

There may be a few different beliefs that pop up, but since you’re just getting started, focus on only one.  Once you’ve made some progress with the first, you can continue to add more. 

Now it’s time to write down your affirmation for the belief you want to change.  For example:

Limiting Belief: I can’t make any money with my new business. 

Affirmation: Money flows to my business easily and effortlessly.  I have a line of clients waiting to buy from me. 

Whatever the affirmation, make sure it’s something that really gets you going and sparks a strong emotion.  Envision your ideal scenario and engrain that outcome in your mind.  Once you have an affirmation that sparks a strong positive emotion, use it every time you find the limiting belief rearing its ugly head. 

Now, you may not believe the affirmation at first, and that’s okay.  But make it a habit to recite it out loud and connect with the emotion it invokes. You’ll find yourself thinking about and looking for ways to make more money with your business, and you’ll soon see the material rewards your mindset shift.

Quick Recap:

I’d love to hear from you!  What are some of the beliefs you struggle with as an online business owner?  Share below in the comments section, and let’s work together to get you the results you want!

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