Entrep Lesson 2 Flashcards
What is an ‘Entrepreneurial Mindset’?
3 COMPOSITION OF THE
ENTREPRENEURIAL MINDSET
- Beliefs
- Focus
- Attitude
Successful entrepreneurs believe in their
ability to succeed.
They believe in themselves, in their
businesses, and in their products or
services.
Belief
Most of all, they understand the Power of ________to determine what they will or will
not do, what they will or will not notice,
and the actions they will or will not take.
belief
ability to direct one’s focus,
to put time, energy, and attention
toward what will help build the
business and mitigate whatever will
hold it back.
Focus
SUCCESSFUL ENTREPRENEURS FOCUS ON THREE THINGS
- look for opportunities where others see only obstacles.
- successful entrepreneurs focus with laser-like precision on the goal they wish to accomplish, not letting the negative advice of others deter them.
- they manage risk and overcome fear by controlling their focus.
the ability to manage _____ is a key to success
risk
Entrepreneurship requires
specific emotional and mental traits that
can be grouped under the term _______
attitudes.
The _______________ people bring to work
will determine whether they are suited for
entrepreneurship or not.
attitudes
According to Research the specific attitudes
that the most successful entrepreneurs share
include
(C3PASfFf, desire to learn, take action)
▪ Courage
▪ Persistence
▪ Adaptability
▪ Curiosity
▪ Collaboration
▪ future focus
▪ self- fulfilment
▪ the desire to learn and
▪ the willingness to take action.
Five characteristics of Entrepreneurial Mindset
DCARH
- Decisiveness
- Confidence
- Accountability
- Resilience
- Humility
the ability to look at a problem or
situation,
digest all available data, and
make a confident decision to move
forward.
Decisiveness
It is one the of the most
important qualities of an entrepreneur.
Confidence
Pretending you are good at something will
enable you to do it confidently enough times
until you become good at it.
Confidence
Comes from taking responsibility for your actions and outcomes
Accountability
You take complete control and hold yourself accountable to your outcomes
Accountability
