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Entrep Mind Module 1

Critical thinking is an essential skill for entrepreneurs. It involves applying logic and reasoning to new ideas, being open-minded to different perspectives, and making judgments based on facts rather than emotions. Developing critical thinking abilities like observation, analysis, reasoning, and decision-making can help entrepreneurs solve problems and anticipate challenges. A growth mindset is also important, believing that one's abilities can be improved through effort rather than being fixed. Entrepreneurial success relies on having a mindset that embraces uncertainty, learns from failure, and perseveres through challenges with passion and by establishing good habits.

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63 views2 pages

Entrep Mind Module 1

Critical thinking is an essential skill for entrepreneurs. It involves applying logic and reasoning to new ideas, being open-minded to different perspectives, and making judgments based on facts rather than emotions. Developing critical thinking abilities like observation, analysis, reasoning, and decision-making can help entrepreneurs solve problems and anticipate challenges. A growth mindset is also important, believing that one's abilities can be improved through effort rather than being fixed. Entrepreneurial success relies on having a mindset that embraces uncertainty, learns from failure, and perseveres through challenges with passion and by establishing good habits.

Uploaded by

aeunice821
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GE ELECT 12 MODULE 1

Lesson 1: CRITICAL THINKING SKILLS OF ENTREPRENEUR


The entrepreneurial journey of one person starts with his or her mind. And an aspiring entrepreneur must possess
critical thinking skills. Critical thinking is the ability to apply reasoning and logic to new or unfamiliar ideas, opinions,
and situations. This important skill allows people to look past their own views of the world and to better understand the
opinions of others.
The ability to think critically is essential as it creates new possibilities in problem solving. Being “open-minded”
is a large part of critical thinking. We must not only seek out all possible answers of a problem, but to also accept an
answer that is different from his or her expectations. Open-minded thinking means not assuming that your views or
perspectives are always right. An entrepreneur must be ready for all types of ideas and opinions.
Another aspect of critical thinking is the ability to approach a problem or situation using rational considerations.
Rationality requires analyzing all known information and making judgments or analyses based on fact or evidence rather
than opinion or emotion.
Critical thinking often relies on empathy or the ability to view the world in a way that does not focus on the self.
Empathizing with a person usually involves a thinker trying to put himself or herself in the place of someone else.
Communication skills,teamwork, and cooperation are typically improved through empathy, which makes it valuable in
many professional fields.
Effective critical thinking often begins with a thinker analyzing what he or she knows about a subject, with extra
effort made to recognize what he or she does not know about it. This forms an initial knowledge base for
consideration. When someone applies this approach to his or her own life, he or she often places more emphasis on
finding prejudices and preconceived notions he or she holds. Someone struggling with a fear of heights, for example,
might strive to determine the cause of this fear in a rational way. By doing so, he or she might be able better able to deal
with the root cause directly and avoid emotional responses that could prevent self-improvement.
Critical thinking is used in many situations. Members of a debate team frequently think critically about a subject
to form a strong argument and anticipate points their competitors might make. Many people use open-mindedness and
empathy in their professional lives, allowing them to work better with others and complete tasks more effectively.
Develop Critical Thinking Skills
` Skills in critical thinking bring precision to the way you think and work. You will find that practice in critical
thinking helps you to be more accurate and specific in noting what is relevant and what is not.
Critical thinking involves the development of ancillary skills such as:

 Observation
 Analysis
 Reasoning
 Judgment
 Decision-making
 Persuasion

It is likely that you already possess some or all of these skills in order to cope with everyday life or work
However, the more advanced the level of study or the professional area, the more refined theses skills need to be. So you
need to have a realistic self-appraisal to know your current skill level and where you should improve.

Developing critical thinking should also include emotional self-management. Critical thinking sounds like a
dispassionate process but it can engage emotions and even passionate responses. Being able to manage your emotions
under such circumstances is a useful skill. If you can remain calm, and present your reasons logically, you will be better
able to argue your point of view in a convincing way.

Need for Critical Thinking


One of the great things about critical thinking is its versatility. It is valuable at all levels of our thinking.

 At the Level of Practical Decision Making. This is thinking about the means to use to accomplish our goals. It
is problem solving of the most authentic kind. This is an important level of critical thinking, one that addresses
all those ordinary decisions we make.

 At the Level of Meaningfulness. Learning to think critically also helps people deal with the much larger issues
of living their life.
GE ELECT 12 MODULE 1

 At the Level of Concepts. We think in terms of concept, and these inevitably shape our life to a considerable
degree.

Mindset
It has traditionally been defined as “the established set of attitudes held by someone.”

Two Different Types

1. Fixed mindset, people perceive their talents and abilities as set traits. They believe that brains and talent alone
are enough for success and go through life with the goal of looking smart at all time. They take any constructive
criticism of their capabilities very personally, and tend to attribute others’ success to luck or some sort of unfair
advantage. People with a fixed mindset will tell themselves they are no good at something to avoid challenge,
failure, or looking dumb.

2. Growth mindset, people believe that their abilities can be developed through dedication, effort, and hard work.
They think brains and talent are not the key to lifelong success, but merely the starting point.

People with a growth mindset are eager to enhance their qualities through lifelong learning, training, and practice.
Unlike people with fixed mindsets, they see failure as an opportunity to improve their performance, and to learn from
their mistakes. Despite setbacks, they tend to persevere rather than giving up.

The Mindset for Entrepreneurship

Entrepreneurial mindset is the ability to quickly sense, take action, and get organized under uncertain conditions.
This also includes the ability to persevere, accept, and learn from failure, and get comfortable with a certain level of
discomfort.

The entrepreneurial mindset involves employing numerous cognitive strategies to identify opportunities, consider
alternative options, and take action. Because working in uncertain environments “goes with territory” in
entrepreneurship, the entrepreneurial mindset requires constant thinking and rethinking, adaptability, and self-regulation
—the capacity to control our emotions and impulses.

Passion and Entrepreneurship


In the context of entrepreneurship passion can be defined as an intense positive emotion, which is usually related
to entrepreneurs who are engaged in meaningful venture or tasks and activities, and which has the effect of motivating
and stimulating entrepreneurs to overcome obstacles and remain focused on their goals.

Entrepreneurship as a Habit
A Habit is a sometimes unconscious pattern of behavior that is carried out often and regularly. Good habit can be
learned through a “habit loop”- a process by which our brain decides whether or not a certain behavior should be stored
and repeated.

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