Advertising
Advertising

How To Think Like An Entrepreneur

How To Think Like An Entrepreneur

Being an entrepreneur sounds so exciting and tempting. No bosses anymore, no pressure from a job which is not satisfying you, and no limited pay check. Sounds like a pretty cool deal, huh? Entrepreneurial life is definitely really exciting. But 9-5 will almost immediately turn to 24/7. Your customers become your new bosses and the size of your paycheck will vary from month to month. If you persist, work hard enough and innovate, you can join the “club” of successful entrepreneurs. How can you make your journey easier? Start thinking like the world’s top entrepreneurs.

Surround yourself with successful people

You are the average of the 5 people you spend the most time with. Do you want to be successful? Meet successful people and hang out with them. Create a small mastermind group. Learn from each other and share your ideas. Their support and positive example will motivate you to do more and make the right decisions.

Find your passion

Take a few minutes and think of what makes you feel great, what energizes you and what you cannot imagine life without. Write it down. Then think of which activities can make you money and reduce your list to that which you are passionate about and can make you money. Passion is your fuel. Your business will have its ups and downs, but passion will make you stay in the game. Plus, it can be contagious. Your vision and energy will motivate people in your team. Steve Jobs once said, “People with passion can change the world.

Advertising

Brainstorm and create ideas

James Altucher suggests that you write down 10 creative ideas every day, so you will accumulate about 3500 ideas a year. Maybe 3-4 will work, but isn’t it worth it to do this small exercise every day? Look at Sir Richard Branson. He is an innovation machine. Virgin Records became successful brand, but he didn’t stop there. He decided to bring fresh air into the aviation industry, which was not in demand that time. The biggest businessmen of that time were running from the airline and aviation industry. Virgin Atlantic now has a stable position in industry and Branson’s Virgin Galactic is just about to expand the limits of human experience to outer space.

Make quick decisions

With entrepreneurship comes responsibility. You are the person who is making decisions. Over analyzing can cost you a lot of time and you can miss many opportunities. I am not saying that every decision is good and you shouldn’t ask more experienced people for advice. But when you have to make a decision, act quickly, but accordingly. Create more space for big decisions and reduce the small ones, which are not important. Mark Zuckerberg, founder of Facebook, wears the same T-shirt every day, so he doesn’t expend time and energy on things which don’t matter.

Take risks

The road to success is not smooth and sometimes you need to take risks to gain more. But take the risks that might bring you much more than you invested. Bill Gates dropped out of school and started a business in a new industry. He had a vision that people will use computers for work and at home. His risk paid off and Microsoft now has a value of billions of dollars. Start by overcoming one little fear a day. You will gain self confidence and trust in yourself.

Advertising

Do not take failure too seriously

Everyone fails from time to time. But it shouldn’t stop you from trying. Donald Trump could, probably, talk about that for hours. The man, who is now worth approximately 4 billion dollars, came through bankruptcy, huge personal debt and a few ideas which were total failures. He is not the only millionaire or, better said, billionaire, who experienced failure like this. The problem is giving up. Learn from failures and quickly get up. Failure is just opportunity for new beginnings. Whenever you fail at something, imagine it happened to one of your closest friends. What would you suggest to them? This little exercise will help you to see the situation from a better perspective.

Think big and do not limit yourself

Jordan Belford is not the type of businessman people adore for his innovation and creativity. He didn’t make his business 100% legally, and he cheated many people to get to the top. But he was damn right when he said, “The only thing standing between you and your goal is the BS story you keep telling yourself as to why you can’t achieve it.” Believe in yourself and dream big. You can achieve anything you can think of. Start writing down your goals and dreams. The probability that you achieve them will be much higher.

Stay focused

Without focus you are wasting time on unnecessary activities and slowing yourself down. Because of this, maybe you never reach a goal you set. The best entrepreneurs are focused; they see where they want to be and they do everything to get there. Every morning when you wake up, write down your main focus for that day. This exercise will help you to finish your stuff. 

Advertising

Stop worrying what other people think

Unless they are your customers. When you achieve some sort of success, people around you change. You will see who really matters and who doesn’t. There will be a lot of them who do not believe in you and your vision. They might think it is too unrealistic or you succeeded just because you were lucky. Ignore it. Successful entrepreneurs just do not waste their energy on something as insignificant as other people negative thoughts.

Learn to trust

You might believe that you can do this and that job better than anyone else. Instead of watching someone failing, you take the wheel and do the job instead. This behavior is not very beneficial in business. Even though we could have a discussion about Steve Jobs and his managerial style, learn to trust people and delegate. It will pay off. Richard Branson is a role model when it goes to trust and delegation. 

Are you thinking like an entrepreneur? Whether you decide to be one or not, these ideas may help you to achieve more in any aspect of your life. Feel free to share in the comments your insights about entrepreneurial thinking. For more inspiration, read this great article 42 Quotes From Highly Successful Entrepreneurs That Will Inspire Greatness In You.

Advertising

Featured photo credit: pixabay via pixabay.com

More by this author

Richard Branson’s 10 Favorite Quotes on Happiness Tips for Cheaper Air Tickets Budget Travel 10 Sites for Budget Travel You Should Know About 30 Best Entries For The 2015 Sony World Photography Awards Earth Let’s Travel by Google Earth Before We Have Enough Money and Time To Travel for Real!

Trending in Productivity

1 How Creativity Can Help You Get Ahead in Life 2 How to Set Stretch Goals and Keep Your Team Motivated 3 How Self Care Can Help You Live Your Best Life 4 How to Develop Mental Toughness to Help You Stay Strong 5 How to Calm Down When You’re Stressed and Anxious

Read Next

Advertising
Advertising
Advertising

Published on April 25, 2019

How Creativity Can Help You Get Ahead in Life

How Creativity Can Help You Get Ahead in Life

Have you ever felt limited in your abilities to do something you really wanted to pursue? Maybe it was an ambition you had, or an idea to start something. Perhaps it was an opportunity that came your way, but you weren’t able to take it because something held you back.

Often, we’re unable to progress towards our goals because such obstacles stand in the way. We let our limitations stop or overshadow our abilities to see through to a goal.

Yet, there’s one thing that we rarely think of to use when trying to overcome limitations.

Creativity.

What is Creativity?

When I say creativity, I’m not talking about an innate talent. Creativity is a much needed, but often neglected, skill that everyone has! It’s a skill with huge leverage that allows you to generate enormous amounts of value from relatively little input.

Creativity at its heart, is being able to see things in a way that others cannot. It’s a skill that helps you find new perspectives to create new possibilities and solutions to different problems.

Everything, including brilliant inventions, cannot come from nothing; it all derives from some sort of inspiration. Creativity works by connecting things together in order to derive new meaning or value.

From this perspective, you can find creativity at play in many areas.

Advertising

For example, Mark Zuckerburg rapidly became successful by taking the previously existing concept of social media, and combining it with an incredibly simple interface that appealed to a much wider audience. Uber and Lyft combined the idea of a traditional taxi service with an incredibly efficient smartphone app.

Both of these examples connect different ideas, find common ground amongst the differences, and create a completely new idea out of them.

That’s creativity in a nutshell, and anyone can improve theirs.

Limitations are Actually Opportunities

The advantage of using creativity, is to help you see limitations as opportunities. Take any limitation that you may find yourself facing, is there a way to look at things differently?

Let me illustrate with an example.

On the day of my son’s 5th birthday, my wife and I arranged a party for him at a children’s adventure park. His friends and family were all invited, and the plan was to have a long, fun day out to celebrate.

However, the day didn’t go exactly as planned…

Advertising

At Lifehack, we pride ourselves on a healthy work-life balance, so I wasn’t concerned about taking the day off to celebrate. But, on the big day, a call came through to my phone.

It was a manager from Lifehack. He excitedly told me that a group of investors were quite interested in our business proposition, and were wanting to meet later that day.

This was great news! A potential investment could be coming our way. But, I was already miles away from home and the office. Plus, it was my son’s birthday…

I asked if I could call him back once we got settled into the park.

To be honest, I was pretty certain I was not going to be able to make it. Asking to reschedule would be a risky request, but there was no way that I was going to miss my son’s party.

My son could sense something was off, and he asked me what was wrong. So I let him know that I just received a call about a meeting today, but also told him not to worry as today was about celebrating his birthday.

But like all kids, he continued questioning me…

Advertising

“But daddy, is it important?”

“No, of course not,” I bluffed.

Then, with childlike intuition and creativity, he asked: “Can’t you just meet with them at the park?”

And, then it struck me! This was the idea that I was missing.

Even though my son didn’t quite understand that it would not be possible for the investors to meet me at the park, it made sense for me to simply do a video call!

I could miss 25 minutes of the party to do a quick call while the rest of the party walked through the aquarium. And, in the end, that was exactly what happened.

I called back my teammate and asked him to briefly explain to the investors why I couldn’t be there in person to meet, but would be happy to join via video. I took the call, and was able to spend the rest of the day at the park with my son.

Advertising

Not only did my son enjoy his birthday, his simple idea led to a successful investment meeting that allowed us to get funding for a new project.

This is where I was able to turn a limitation into an opportunity that enabled me to reach my success.

Creativity is One Key to Success

When you use your creative ability to turn your limitations and setbacks into opportunities, you’ll find doors opening for you in areas you may have never imagined.

Remember, your attitude is also important when it comes to achieving a goal, and tackling a setback or problem. That’s because a positive attitude transforms not just your mental state, but your physical and emotional well being. It is the key to lasting total transformation.

Check out this article to learn more about how you can tune your attitude towards positivity.

So, the next time you’re feeling limited by your abilities, setbacks or challenges, don’t give up. Really look at the situation, and see how you can leverage on your creativity to find an alternative solution.

Featured photo credit: Photo by William Iven on Unsplash via unsplash.com

Read Next