The Thoughts, Attributes, and Mindsets of Successful Entrepreneurs*

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*This is a collaborative post*

If you want to work for yourself and start your own business, then you’ll probably be familiar with the term entrepreneur. Of course there are many well known entrepreneurs out there and they each came about their successes in different ways. However they will all share some traits and thoughts in common when it comes to the challenges their businesses have faced and how they approached different issues. If you are wanting to one day work for yourself and build your own lucrative empire, then knowing some of the mindsets and attitudes of these business legends is a must. Here are just some of the things that you should be doing to develop more of an entrepreneurial mindset.

Don’t Reinvent The Wheel

To be a successful entrepreneur, you don’t need to reinvent the wheel. Or in layman’s terms, you don’t need to come up with some new invention or concept in order to have success. It can simply be taking a new approach to something that has already been tried and tested. Think about Uber and Airbnb for instance, they are now really lucrative companies that just provided a different solution to a common problem. Think smart and look for ways to be innovative.

Work Hard

There is no getting away from hard work, and if you think that people like Steve Jobs got to where they were for not doing a lot, then you’d be very wrong. Hard work is required for all aspects of working for yourself and you'll need to develop an entrepreneurial mindset. Often entrepreneurs will have a genuine interest in all things business from an early age. Luckily for the youth of today, there is scope to get into the business world from an early age whether it be via apprenticeships or by searching for jobs 16 year olds can apply for. Entrepreneurs live, sleep, eat, and breath their business, so you need to be up for a lot of hard work and dedication.

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Value People

Networking is a great way to build a business, in fact I'd say it's crucial. With that in mind, it shows the importance of valuing the people that you work with. As the old saying goes, no person is an island and no entrepreneur is either. It takes a team of people to make dreams happen and to run a successful business. Don’t think you can do it all by yourself, value others and show them your appreciation.

Be Generous

We've talked about the importance of networking and showing your appreciation, but further to this it will also work to your advantage if you are able to be generous with whatever means you have, be it money, time, or skills. This is especially the case when you are generous without expecting anything in return. People remember generosity and niceness. More often than not, they want to buy into good people. Being generous alongside your networking can be a great way to make contacts and build relationships that could really help you further down the line.

What else do you think makes a good entrepreneur and a good mindset for business? Which entrepreneurs inspire you?

*Contributed by Sam Jones


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