How is your mindset? Is it set to make you remain an employee all your life? Or is it set to help you achieve your entrepreneurial goals?

Definition

Entrepreneuship, according to Business Dictionary.com, is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. Wikipedia.com defines entrepreneurship as the process of identifying and starting a new business venture, sourcing and organizing the required resources, while taking both the risks and rewards associated with the venture. The key words that are very inherent in entrepreneurship are new business, risks and profit.

Outsourcers

One of those business people who own an outsourcing company in the Philippines, John Jonas, an American, wrote on his blog that “Filipinos are not entrepreneurs.” They have an employee mindset. He made this statement because he wanted to stress that these people are very loyal employees. An employer or business owner can be confident that they will be supporting your business as long as you desire because of their employee mindset. They simply want to receive a wage at regular intervals. This is not bad if you just want a regular income. James Schramko, an Australian internet entrepreneur, outsourced his team set up his company in the Philippines and basically mainly because he found reliable, talented and hard-working employees to help him grow his multi-million business. So, Jonas is partly right because he discovered the mindset of these people.

However, I also know and have seen thousands of these people are entrepreneurs in every shape or size. In fact, I used to work with a semi-government agency that used to offer courses in technology, craft and livelihood and businesses building for those interested in creating their own income through entrepreneurship. And several of our students were successful in exporting their products.

Life Changers

Many of those who have been employees for many years, when they reach fifty or sixty, desire to follow their passions and profit from them. They want to change to become entrepreneurs. Now, that is a very understandable proposition. However, they have to work hard to change their employee mindset into an entrepreneurial mindset.
And that is what many of the baby boomers want to do. They want to use their skills and experiences to help people and really work at what they love.

Changing Your Mindset

So, if you want to start your business and be an entrepreneur, first you need to change your mindset. But, how do you change your mindset from that of an employee to an entrepreneur?

1. Be aware of the voices in your mind

You will always have thoughts about the security of having a job and the risks of having a business. Make sure you have answers to these voices in your mind. Change your thoughts immediately to the possibilities if your business will be successful.

2. Remind yourself why you want to be an entrepreneur

You must have a big why – the reason why you want to be in business. It could be to give a wonderful lifestyle for your family or to be able to go on mission work or to use your wealth to be able to help more people. Remember, many business people are wealthy. And almost all of the wealthy people have a business.

3. Surround yourself with entrepreneurs

One of the best ways to change your mindset is to be surrounded by entrepreneurs. You need to attend seminars where business people are or join meetups for people doing startups. The energy of these people will motivate you to work on your mindset and be focused on your business activities.
PHOTO - Ros & Dale Beaumont
4. Be courageous

You need to be courageous to work on your plan and be disciplined to change your mindset, from an employee mindset to an entrepreneurial mindset. This is never easy to do but it is definitely achievable.  The most important concepts in entrepreneurship that you need to set your mind to are: building from scratch, risks and profit taking possibility.

All the best in your journey to an entepreneurial mindset!

Ros

 

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