“Entrepreneurship is a mindset. It is a thinking process. It is a way of looking at the environment. The non-entrepreneurial mind looks for problems and finds them. The non-entrepreneurial mindset solves problems by making decisions. The non-entrepreneurial mindset anticipates all the problems and prepared for them. In contrast, the entrepreneurial mindset seeks opportunities, screens opportunities and seizes opportunities. Instead of seeing the danger in a crisis, opportunities are seen. Instead of making decision to solve the problem, opportunities will be pursued. Instead of making a plan to prevent problems, a set of opportunity seizing tasks are started and an initial plan to swiftly convert the idea into a reality is made. The key words in seizing are initial plane. This plan is ready to be changed on the fly when the seizing is not fast enough.” (Ferreria, 2005) [Read more from OFW-Connect]
“An entrepreneur is a great strategist and a master at getting others excited about helping them grow their business. They know they need to develop multiple profit centers in their business, not just one or two, so they’re constantly looking for creative opportunities to do so. And some of those profit centers need to be passive income that is not dependent on their time. In other words they’re not always selling time for money. In addition, the entrepreneur knows how to make the most of ever opportunity to bring in new prospects, convert them to paying clients, and get them to buy repeatedly. That means carefully planning, strategizing, measuring results against expectations and re-adjusting. It means taking calculated risks and learning from the ideas that fail—and there are always ideas that fail.” (Pettit, 2005) [Read more from SmarTrack]
“Small and home-based businesses fall by the wayside for a variety of reasons. Caused by factors such as, under-capitalization, miscalculated market potential, ineffective marketing to poor management and operation. For whatever reason, owners of these businesses have failed to think creatively and strategically to allow their businesses to overcome the challenges that came along the way.” By adopting the right entrepreneurial mindset, one can improve his chances for success. (Pleshette, undated) [Read more from PowerHomeBiz.com]
