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How Does an Entrepreneurial Mindset Help You in Life?

How Does an Entrepreneurial Mindset Help You in Life?

It’s often said entrepreneurs are rule makers and often rule breakers. Sometimes we speak about entrepreneurs like they’re some alien species with an entirely different brain anatomy. Nothing is farther from the truth. They’re like anyone else because we are all born with qualities that can make us great entrepreneurs[1] if not in business, in life for sure. We just need to develop those skills and qualities even if we’re not building businesses. This is what Sorin V. Chiriac, Entrepreneur and Director of Business Development at REKZE Laboratories LLC thinks.

It took him almost 10 long years of business entrepreneurship to value the life lessons he learned in his journey as an entrepreneur. He started as a tech entrepreneur and launched several successful start-ups. Later on, he switched his focus from technology to the cosmetics industry, and his company became sole importer and supplier of premium derma-cosmetics brands in the Eastern European market. Later on, he became Director of Business Development at REKZE Laboratories LLC.

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He believes entrepreneurship can be very enriching for personal development in particular and an entrepreneurial mindset[2] can actually offer great benefits in your own daily life.

1. Believe anything is possible.

The first and most important lesson he can share is that you have to always believe anything is possible. This goes beyond the desire in your heart; it means that when you believe something is possible, it’s also doable. If something is doable, you have to focus on how to do it. This trains your mind to see solutions rather than problems and distinguish the priorities in your life.

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2. Take time to appreciate small accomplishments.

As an entrepreneur, you’ll fail more times than you’ll remember and you’ll almost never see any rewards of your efforts overnight. Success takes time and, often, more than you thought. But entrepreneurship is also about the little steps like receiving a “Thank you” card from a client or your first sale. All great things are built slowly. It’s the same in life. When you start appreciating the small accomplishments, you also start to see things differently. You learn to be patient and learn to use what you have, rather than wait for what you don’t have. You learn to make things happen.

3. Don’t do things alone.

When we think about entrepreneurship, we envision something singular. Sharing your ideas and working alongside someone that shares the same beliefs can be very enriching and many times can help you find the needle in the hay of success. If there is something more that Sorin V. Chiriac learned from his entrepreneurial endeavors is that people you surround yourself with are essential for your success. They say if you’re the smartest in the room, you’re probably in the wrong room. Being at odds with someone challenging your ideas can be as constructive in life as it is in business. It’s the same for people supporting your ideas. Having someone believing in you at a time when you cannot find motivation is priceless. Most important: understand you can’t do it all. We need people to help you with little things so you can focus on a handful of your most important goals.

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4. Focus on what you do, not on others.

You’ll always find the grass greener on the other side. Chiriac is a person of action, and he likes to keep building things as he goes, but many entrepreneurs, and he’s known a few, think being a perfectionist is the key to achievement. They spend a bunch of time analyzing their competitors, seeing how they can outrank them. It’s a good thing to know what others are doing, as you want to be a step ahead, but don’t spend too much on it; focus on your ideas because thinking too much about what other people are doing results to nothing, but wastes time we could have used to be more creative in our lives; never forget that time is our most valuable asset.

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5. Just do it.

They say you don’t have to be a genius to be an innovator. Well, that’s perfectly accurate. Most of the ideas and inventions were not new. They became new when they hit the market. When you come up with an idea, the next step is to go for it and patent such an idea,[3] or someone else will do it for you. This is valid in every aspect of life. Sometimes being first is better than being perfect.

Featured photo credit: Frontine Creative via unsplash.com

Reference

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Gemma Tomlinson

Blogger, Social Media Consultant, Online Marketing Strategist, Copywriter.

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Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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