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Entrepreneurial Mindset

The document outlines how students and researchers can adopt an entrepreneurial mindset by thinking ahead, working across disciplines, and developing transferable skills. It emphasizes the importance of networking, mentorship, adaptability, and key characteristics such as decisiveness, confidence, accountability, resilience, and humility. Additionally, it dispels common misconceptions about entrepreneurship and highlights that mastering this mindset requires effort and a willingness to learn.

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Isaak suyao
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10 views21 pages

Entrepreneurial Mindset

The document outlines how students and researchers can adopt an entrepreneurial mindset by thinking ahead, working across disciplines, and developing transferable skills. It emphasizes the importance of networking, mentorship, adaptability, and key characteristics such as decisiveness, confidence, accountability, resilience, and humility. Additionally, it dispels common misconceptions about entrepreneurship and highlights that mastering this mindset requires effort and a willingness to learn.

Uploaded by

Isaak suyao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Entrepreneurial Mindset:

How to Think Like an


Entrepreneur
How students and
researchers can use
entrepreneurial
thinking in their
research:
1. Think ahead – Where do you want
to be in 5/10/20 years?
Entrepreneurs are good at thinking
in the present, but also try and have
a vision of the future.
2. Working across disciplines – Think
about the broader picture and the
impact of your research.
Entrepreneurs see opportunities in
not-so-obvious places, and are often
able to find a way to exploit them.
3. Develop transferrable skills –
Think about the skills you have
and how they can be applied to
different situations.
Entrepreneurs often must have a
breadth of transferrable skills,
being the developer, marketer,
salesman and accountant for
their idea.
4. Meeting people – Growing a
network is important for both
entrepreneurs and students or
researchers. Meeting people from
other walks of life allow you to have
a broader perspective and allows you
to connect with others who may be
able to help you or be helped by you
in the future.
5. Mentors – Mentors will help an
entrepreneur or student to
visualise a goal or pathway, giving
advice and guiding the mentee
on a path which is beneficial.
6. Be in Charge of Your Own Destiny –
Entrepreneurs are generally agile and
adaptable, working around issues
and finding new ways where
necessary. Researchers and students
need to have the same flexibility,
working towards a goal, but being
able to adapt to changing
circumstances.
So, being entrepreneurial doesn’t
mean you have to start a business. . .
it just means being innovative,
creative, resourceful and adaptable.
This will help in any aspect of a
career path, whether you want to
work for yourself or someone else, in
industry or academia.
Five characteristics
of
entrepreneurship:
1. Decisiveness

Your ability as a decision-maker will make or


break your future successes.

When you can’t decide what to do, you delay


taking action. In other words, you do
nothing. Think about how many dreams
(and businesses) failing to take action has
killed.
2. Confidence

There are many skills you will need to learn to


accomplish everything you want in life.
But how do you act confidently when you don’t
know what you are doing?
Whether it's getting on stage to speak,
launching your product, or learning how to
start a blog and publishing your ideas to the
world, we tend to see others doing it and
incorrectly assume they've always been good
at it.
• Do you want to be a podcaster?
podcasting.
• Do you want to become a professional
chef? Start cooking.
• Do you want to be a copywriter? Start
writing sales pages that convert.
• Do you have side hustle ideas you want to
start? Stop watching Netflix every night.
• Do you want to learn email marketing?
Start building your email list today.
3. Accountability

The entrepreneurial mindset comes from taking


responsibility for your actions and outcomes.

You need to internalize and accept that:


Everything that happens at work – YOU are
responsible for.
Everything that happens to your business – YOU
are responsible for.
Whether you succeed or fail, it is YOUR
From this moment forward, you must
accept responsibility for everything
in your life and hold yourself
accountable to it.

Hold yourself accountable – even


when you aren’t to blame – and take
action to fix the problem.
4. Resilience

As an entrepreneur, you will need to learn to


deal with making mistakes and failing. They
are inevitable and a part of your growth.

Success rarely happens in a straight line.


Taking wrong turns and making mistakes is
something that happens to everyone.
• Resilience isn’t only helpful when dealing
with catastrophic mistakes. It’s a way to
handle the small, simple decisions you’ve
made that didn’t turn out right.
• Resilience enables you to think, act, and
move iteratively — making small,
incremental corrections along the way.
• The entrepreneurial mindset in action:
The wind-blown pilot
5. Humility

• Humility is freedom from pride or


arrogance, and it ties all of the
characteristics of entrepreneurship.
• From decisiveness to confidence, humility
will keep you focused and centered.
• From accountability to resilience, you will
continue to move forward through failure,
mistakes, and upsets.
Along with humility comes coachability
— the ability to be coached.

If you want to accomplish big things in


life, you need to be willing to learn
from others and nourish a growth
mindset.
To do big things, you need to grow. To
grow, you need to learn.
A few common misconceptions that
need to be dispelled are:
• Entrepreneurs are born hustlers
• You need a unique (and
revolutionary) idea to be successful
• Starting an online business requires
technical skills
• You can’t succeed without full-time
effort
To be clear, mastering your
entrepreneurial mindset is not easy.
Nobody said it was.

The most important thing is to start by


following a proven formula.

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