Updated: Jan 23, 2020
So you are planning to start a business of your own! The spirit of entrepreneurship is at the heart of such a venture, no doubt. The challenge, the enthrallment and the exhilaration of being on your own are great rewards that your are unlikely to get while working under an employer or in a company. But before you begin, do a critical assessment, weighing the profitable aspects and the not-so-profitable outcomes.
To start with, it is commitment and responsibility, without which you won’t be able to sustain your spark, no matter how tenacious you are. Even those long years of experience in management wont suffice unless you are fully prepared, psychological and emotionally to go full throttle. The stress gets too much at times while at other times, the Adrenalin rush of self-made success becomes over whelming.
Are you a risk taker parse? Do you have the extra mile of confidence and a never relenting go-getter-spirit? A typical entrepreneur mindset is a combination of such attitudes and mindsets coupled with experience that adds fuel to the fire of competitiveness.
Before plunging ahead with the financial front, sit down quietly in a corner and study yourself objectively. You may use the data from the extensive research you have done to analyze many of the factors involved in such a decision.
Can you handle it? Are you the right person for this all-important post of an independent entrepreneur?
Attitude Is Everything: The Entrepreneurial Mindset
A successful entrepreneur is nothing but attitude. Having the right mindset alone can fill you with enthusiasm to take control of your destiny and surge ahead with your independent plans. Of course there will be pitfalls and hurdles requiring much deliberation, but the exhilaration that one experiences of being in control, more than compensate for it.
If you have decided to become an entrepreneur, half the task is already done! You have overcome those nagging doubts & fear and come to this decision, which itself calls for great celebration! Surely you deserve an ovation for reinstating your belief in yourself that you are a strong, capable person with the right type of motivation, truly worthy of the rewards entrepreneurship can offer! And yes, what is this mindset really?
We'll answer that in a couple of days.