How Entrepreneurial Thinking Will Give You An Advantage In Life

Posted: May 19, 2016 in Uncategorized

There are a lot of people who assume entrepreneurship is only about starting a business. To an extent, that is true, but it’s only partially correct. In fact, it’s a very generic and basic definition of the word, and barely captures the essence of what entrepreneurship truly is.

What Is Entrepreneurship?

I’m willing to bet, that if you were to ask 100 people to define entrepreneurship, the majority of them will tell you it’s someone who starts, owns or runs a successful enterprise. There is no one definition that fits the mold. Depending on who you are, or what you do, entrepreneurship will have a different meaning.

Here’s how a few successful entrepreneurs themselves, define entrepreneurship:

“To me, entrepreneurship means being able to take action and having the courage to commit and persevere through all of the challenges and failures. It is a struggle that an entrepreneur is willing to battle. It is using past experiences and intelligence to make smart decisions. Entrepreneurs are able to transform their vision into a business. I believe this process is at the core of any true entrepreneur.” – MJ Pedone, founder and CEO of Indra Public Relations

“The journey of entrepreneurship is a lifestyle for many of us; we are wired this way and have no choice. We are driven by an innate need to create, build and grow. In order to be a successful entrepreneur, you must have an underlying positivity that enables you to see beyond the day-to-day challenges and roadblocks, always moving forward. You must also be a master plate juggler, able to switch between thinking, genres and activities moment to moment. Most importantly, you must not be afraid to fail, and you must be comfortable living with risk and unknowns — a state of mind which is certainly not for everyone!” – Justine Smith, founder and CEO of Kids Go Co.

“To me, entrepreneurship is completely dedicating yourself to creating something out of nothing. It’s not simply taking a risk and hoping to realize big rewards. Creating something out of nothing also tends to present numerous challenges and roadblocks which seem insurmountable. I believe the great entrepreneurs, who I look up to, can help their team push through those roadblocks and find solutions.” – David Greenberg, CEO of Updater

As you can see, entrepreneurship can be interpreted in a number of different ways, leaving each person to define and embrace the attributes that mean the most to them. For some, it’s about habits and routine. For others, flexibility and creativity. And for a few, it’s a lifestyle or calling.

And what do each of these traits have in common? They revolve around some mode of thinking.

To put it simply, entrepreneurship is a mindset and way of thinking. Not a business model.

We Are All Entrepreneurs. Sort Of…

To a certain degree, we are all entrepreneurs, in that we are all born with the innate will and drive to survive, which is the basis of innovative thinking.

I want you to think about a time when you needed to get something done, and the only option available was to make it happen. There were no alternatives, back-up plans or possible delays. It was do or die.

Now think about how you handled it. It may not have been your best or most ideal way of doing things, but you got them done nonetheless. You figured it out, and as a result, you may have learned a few things you didn’t know before. You gained knowledge and insight that you could use to further your agenda, and propel yourself forward.

You exhibited a resourcefulness that you otherwise don’t employ in your normal routine of daily living. You were able to remove yourself from what you would normally do, to find a solution or produce a new course of action.

You took a risk, because you knew that if you had done things as you always have, you wouldn’t have met your deadline, and whatever opportunity awaited you would have been lost, and you would have suffered a loss or setback as a result of it.

Taking The Entrepreneurial Path

Take a moment to consider your circumstances, and by this I mean the total sum of your experience, education, knowledge, beliefs, interests, resources and connections to people, the community your live in, everything. Because somewhere in there are the beginnings of an opportunity to propel yourself forward.

Maybe it is starting a business, or perhaps it’s simply figuring out new solutions for your company and presenting them to your boss. Maybe it’s about going back to school or switching to a different degree. Maybe it’s physically moving to another city, country or continent to be closer to the resources and types of people that will help you better position your ideas. Or maybe it’s something as simple as starting a blog and sharing your ideas, and building a platform around your beliefs or establishing yourself as an expert through your research.

The choices are virtually endless.

Understand though, that with every choice, come new rules, challenges, and requirements for you. You will need to…

  • Invent new and different ways of detaching yourself from what you would typically do or respond.
  • Find new ways to be resilient in the face of adversity.
  • Seek new wisdom to help you overcome new challenges.
  • Find new mentors and leaders to guide you through new obstacles and paths.
  • Accept new, and probably more dangerous, risks to achieve greater rewards and results.
  • And even discover new ways of thinking because you know you just can’t live with “more of the same.”

To engage entrepreneurial thinking is to assess our circumstances, contemplate and designing alternatives, choose a new path – or a combination of different paths – in the hope of attaining something greater; however we choose to define what “greater” is at that point in our lives.

When we think and act innovatively, we become entrepreneurs.

Entrepreneurship Is A Mindset

An entrepreneurial mindset will help you as you embark on any new endeavor, whether that’s a new career, program of study, new roles within your community, or pioneering a new industry.

Remember, entrepreneurship isn’t just about starting a business. It’s about using what you know, to access what you need, in order to move yourself closer to the goals and outcomes you ultimately desire; and becoming the most valuable and fulfilled persons we can possibly be..

If you follow the basic paths and climb the ladder like everybody else, you will only ever earn exactly the same as everybody else. If you want something different, you need to DO something different, and that starts by THINKING differently than everyone else.

That’s entrepreneurship.

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