Forums: Discussions for entrepreneurs and small business.

There's something different about the way entrepreneurs and businessmen think compared to how average people think. Somehow, those who possess an entrepreneurial mindset see things in a broader perspective, they often see things two or three steps ahead of time. Thus, entrepreneurs are more likely inclined into thinking for longer terms.

1. TOLERANCE: What does a moral virtue have to do with entrepreneurship? Everything. Intolerance and inflexibility are deadly poisons when it comes to detecting opportunities and taking initiative. Unless you push yourself to tolerate uncertainty and risk beyond normal levels, your mind will never operate on a high entrepreneurial gear.
2. INDEPENDENT THINKING: Start questioning things that seem self-evident. Why should you follow traditions that make no sense? Can things be improved? Why do we have to wait in line to purchase certain products or services? Is there a better way? When everything is expensive, try cheap. When everything is cheap, try borrowing. The best opportunities lie always below the surface.
3. CONSISTENT AMBITION: There is moral ambition and there is the search of wealth. In addition, many others are embarked in a quest for honours or simply desire to make the world a better place. Pick your choice and keep it present in your mind. What really counts here is consistency. Random changes in your goals will block your entrepreneurial vision. Confusion generates chaos. Consistency of purpose sharpens the mind......read more http://news.bytrade.com/info/928-Top-ways-to-develop-an-entrepreneurial-mind.htm

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I would also like to add Strong Self-Esteem and Positive Mental Attitude to this list.

 

It all comes down to who you are.  When the Sh*t hits the fan, will you become bigger than your problem or will you let it take you out?  

 

Someone with a negative mental attitude will say it's no use and quit.   The positive thinker will come up with ways to solve the problem. 

 

Great Post!

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Thanks for sharing this post, its really helpful!

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I think we should add Faith to the list too.

We've mentioned that the life of an entrepreneur is fraught with risk and danger, so a certain element of faith and belief is required to keep going when all of the chips are against you. Having a strong belief in your product or service, and keeping on pushing till the very end.

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Ambition and a drive to succeed are very important in developing an entrepreneurial mindset. If you lack those, you cannot be an entrepreneur. Wanting to make money alone isn't good enough. 

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I also believe that faith is necessary for entrepreneurs. It also means facing every circumstance optimistically. They should not feel down in the dumps when something untoward happened. Instead of dwelling on troubles, they should be capable to immediately find a solution to it. Decision-making skill is also of great significance. Business-owners have to recognize the differences and boundaries of sentimental matters and professional verdicts.

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With the attributes you guys have suggested, do you feel like you're still in the process of perfecting those qualities?  I definitely don't feel like I've arrived yet - work in progress at best.

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