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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.

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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.

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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. 

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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.

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Featured photo credit: pixabay via pixabay.com

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Last Updated on August 16, 2018

16 Productivity Secrets of Highly Successful People Revealed

16 Productivity Secrets of Highly Successful People Revealed

The same old motivational secrets don’t really motivate you after you’ve read them for the tenth time, do they?

How about a unique spin on things?

These 16 productivity secrets of successful people will make you reevaluate your approach to your home, work, and creative lives. Learn from these highly successful people, turn these little things they do into your daily habits and you’ll get closer to success.

1. Empty your mind.

It sounds counterproductive, doesn’t it?

Emptying your mind when you have so much to remember seems like you’re just begging to forget something. Instead, this gives you a clean slate so you’re not still thinking about last week’s tasks.

Clear your mind and then start thinking only about what you need to do immediately, and then today. Tasks that need to be accomplished later in the week can wait.

Here’s a guide to help you empty your mind and think sharper:

How to Declutter Your Mind to Sharpen Your Brain and Fall Asleep Faster

2. Keep certain days clear.

Some companies are scheduling “No Meeting Wednesdays,” which means, funnily enough, that no one can hold a meeting on a Wednesday. This gives workers a full day to work on their own tasks, without getting sidetracked by other duties or pointless meetings.

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This can work in your personal life too, for example if you need to restrict Facebook access or limit phone calls.

3. Prioritize your work.

Don’t think every task is created equal! Some tasks aren’t as important as others, or might take less time.

Try to sort your tasks every day and see what can be done quickly and efficiently. Get these out of the way so you have more free time and brain power to focus on what is more important.

Lifehack’s CEO has a unique way to prioritize works, take a look at it here:

How to Prioritize Right in 10 Minutes and Work 10X Faster

4. Chop up your time.

Many successful business leaders chop their time up into fifteen-minute intervals. This means they work on tasks for a quarter of an hour at a time, or schedule meetings for only fifteen minutes. It makes each hour seem four times as long, which leads to more productivity!

5. Have a thinking position.

Truman Capote claimed he couldn’t think unless he was laying down. Proust did this as well, while Stravinsky would stand on his head!

What works for others may not work for you. Try to find a spot and position that is perfect for you to brainstorm or come up with ideas.

6. Pick three to five things you must do that day.

To Do lists can get overwhelming very quickly. Instead of making a never-ending list of everything you can think of that needs to be done, make daily lists that include just three to five things.

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Make sure they’re things that need to be done that day, so you don’t keep putting them off.

7. Don’t try to do too much.

OK, so I just told you to work every day, and now I’m telling you to not do too much? It might sound like conflicting advice, but not doing too much means not biting off more than you can chew. Don’t say yes to every work project or social engagement and find yourself in way over your head.

8. Have a daily action plan.

Don’t limit yourself to a to-do list! Take ten minutes every morning to map out a daily action plan. It’s a place to not only write what needs to be done that day, but also to prioritize what will bring the biggest reward, what will take the longest, and what goals will be accomplished.

Leave room for a “brain dump,” where you can scribble down anything else that’s on your mind.

9. Do your most dreaded project first.

Getting your most dreaded task over with first means you’ll have the rest of the day free for anything and everything else. This also means that you won’t be constantly putting off the worst of your projects, making it even harder to start on it later.

10. Follow the “Two-Minute Rule.”

The “Two-Minute Rule” was made famous by David Allen. It’s simple – if a new task comes in and it can be done in two minutes or less, do it right then. Putting it off just adds to your to-do list and will make the task seem more monumental later.

11. Have a place devoted to work.

If you work in an office, it’s no problem to say that your cubicle desk is where you work every day.

But if you work from home, make sure you have a certain area specifically for work. You don’t want files spread out all over the dinner table, and you don’t want to feel like you’re not working just because you’re relaxing on the couch.

Agatha Christie never wrote at her desk, she wrote wherever she could sit down. Ernest Hemingway wrote standing up. Thomas Wolfe, at 6’6″ tall, used the top of his refrigerator as a desk. Richard Wright wrote on a park bench, rain or shine.

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Have a space where, when you go there, you know you’re going to work. Maybe it’s a cafe downstairs, the library, or a meeting room. Whenever and wherever works for you, do your works there.

12. Find your golden hour.

You don’t have to stick to a “typical” 9–5 schedule!

Novelist Anne Rice slept during the day and wrote at night to avoid distractions. Writer Jerzy Kosinski slept eight hours a day, but never all at once. He’d wake in the morning, work, sleep four hours in the afternoon, then work more that evening.

Your golden hour is the time when you’re at your peak. You’re alert, ready to be productive, and intent on crossing things off your to-do list.

Once you find your best time, protect it with all your might. Make sure you’re always free to do your best uninterrupted work at this time.

13. Pretend you’re on an airplane.

It might not be possible to lock everyone out of your office to get some peace and quiet, but you can eliminate some distractions.

By pretending you’re on an airplane, you can act like your internet access is limited, you’re not able to get something from your bookcase, and you can’t make countless phone calls.

Eliminating these distractions will help you focus on your most important tasks and get them done without interruption.

14. Never stop.

Writers Anthony Trollope and Henry James started writing their next books as soon as they finished their current work in progress.

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Stephen King writes every day of the year, and holds himself accountable for 2,000 words a day! Mark Twain wrote every day, and then read his day’s work aloud to his family to get their feedback.

There’s something to be said about working nonstop, and putting out continuous work instead of taking a break. It’s just a momentum that will push you go further./

15. Be in tune with your body.

Your mind and body will get tired of a task after ninety minutes to two hours focused on it. Keep this in mind as you assign projects to yourself throughout the day, and take breaks to ensure that you won’t get burned out.

16. Try different methods.

Vladimir Nabokov wrote the first drafts of his novels on index cards. This made it easy to rearrange sentences, paragraphs, and chapters by shuffling the cards around.

It does sound easier, and more fun, than copying and pasting in Word! Once Nabokov liked the arrangement, his wife typed them into a single manuscript.

Same for you, don’t give up and think that it’s impossible for you to be productive when one method fails. Try different methods until you find what works perfectly for you.

Featured photo credit: Unsplash via unsplash.com

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