By. Rumadi Hartawan
An entrepreneurial mindset is described by a conglomerate of meta-physical dispositions, also known as entrepreneurial spirit, meant to cause the innovative and energetic practice to identify or create an opportunity and take action aimed at realizing it. The philosophical themes - existentialism, axiology, pragmatism, ethics - are thereby understood to be strange attractors influencing the construction of the entity's persona as well as the concrete practices of the entity
Important for entrepreneurship is the "creative mindset" (Faltin, 2007) that helps entrepreneurs to create new ideas and bring these to the market in a way appropriate to create value for an external audience. Psychological research highlights that true creativity comes not from the kind of area in which one is active but whether one can conceive of something that is both "new and appropriate" (Amabile, 1996). In this way, a entrepreneurial mindset is a philosophy by which individuals engage in creative acts regardless of the type of work they are engaged in. Thus, the entrepreneurial mindset might exist in cooking just as well as web-2 innovating, it is the philosophy and the action it generate that counts - not the context.
This can be contrasted to a "managerial mindset" which deals with creating order and efficiency through controlling, evaluating, and administrating practices (Sarasvathy, Simon and Lave, 1998). An entrepreneurial mindset is distinct from 'entrepreneurial cognitions' in that the former signify a philosophy of personal identity and values whereas the latter signify a group of heuristics or decision-making tools that entrepreneurs use to evaluate and exploit business opportunities. An entrepreneurial mindset is also distinct from Entrepreneurial orientation (EO) which is a collective identity in young entrepreneurial firms that fosters innovativeness, pro-activeness and risk-taking among participants in the firm (Lumpkin and Dess, 1996).
Five Characteristics of the Entrepreneurial Mindset
What makes a person an entrepreneur? Is it simply the fact that they own a business of their own? Is it that they are willing to risk their own money to get their products/services out to a customer base? Is their a mindset that makes a person an entrepreneur? If so, can anyone learn it or is it something you are born with?
Entrepreneurs know the way out! The biggest problem is to help people unleash the Entrepreneurial Mindset in their own lives. Entrepreneurs do not think like worker bees. They have several characteristics that cause them to stand out in the crowd:
1• Entrepreneurs are free thinkers (some call them dreamers). They are people who always think beyond the moment and look for better, unique, or more efficient ways to do things.
2• Entrepreneurs are problem solvers. Looking for better, unique, or more efficient ways to do things always lead from the dream to an idea to fulfill the dream.
3• Entrepreneurs are innovative in their approach to change. They subscribe to the definition of insanity that says, "Insanity is continuing to do the same things you have always done, in the same ways you have always done them and expect different results."
4• Entrepreneurs are willing to fail to eventually win. Not everything they consider to be good or right works out in the end. However the real entrepreneur learns from failure and moves ahead to the next right project.
5• Entrepreneurs abandon the employee mindset that looks to short term paychecks to building a powerful money making business that works for you 24 hours a day/7 days a week!
Entrepreneurs are not born, they are built. They first learn how to dream and then dream about things that are important to themselves. Then they work to bring their dreams to a viable business plan.
Anyone can join the ranks of the world's greatest dreamers. The tools and knowledge are available to anyone who wants to learn. The secret is whether or not you are willing to learn the lessons that will change your mindset. Will you?
Let's become an ENTREPRENEUR!
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