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Monday 25 July 2016

How to think like an Entreprenenuer





The bad news; you cant just flick a switch that says, 'become an entrepreneur' and expect an easy life, success, riches and recognition to come our way. it takes handwork and you will work long hours.
However, the first step toward becoming an entrepreneur requires no action at all. it is not about acting, but thinking. you need to prepare yourself for the entrepreneurial journey by learning to think like one.

- To understand that you must have a passion for what you do and enjoy the business of being in business
- To retrain your brain to get used to the sometimes uncertain life of being your own boss
- To realize that you need to make mistakes to learn what works and what doesn't 

Chase a Passion not cash
have a passion and you will make money. want only to make money and you wont. its pretty simple really. wanting to be rich does not generate wealth. yes, some entrepreneurs create huge business empires and become vastly rich, but even when they make their millions they carry on working regardless. they are not driven by money, but the love of what they do. the are often gripped by an almost desperate determination to make their mark and do something better.
 Think about it, if you don't genuinely enjoy or even love what you do, how will you motivate yourself? If you have to write that proposal are you going to be thinking "oh no, not that damm document!" or "i can't wait to tell the world about my idea!"? if you need to give a pitch about your business, will you be scrabbling around for ways to pad out your presentation or bubbling over with too many ideas? True entrepreneurs have discovered that if they have a passion and managed to communicate it to their customers, the money comes almost as an afterthought. Business people who do it purely for the money aren't true entrepreneurs. Greed is not the same as passion and without that passion and enthusiasm to deliver something new or better, these people run out of energy and flee back to comfortable jobs working for someone else. Don't let that be you. Whatever you choose to do in your business, make sure you can get excited about it. If you don't, how can you expect your customers to do so?

Enjoy Business and People
So passion is top of that checklist of requirements for becoming an entrepreneur but it 's not enough. Before you throw your job in your boss's face, consider next whether you have an enthusiasm for the idea of running a business. of striking deals with suppliers. Of poring over spreadsheets and managing cash and watching profits. Of handling technology problems, invoicing snags and customer complaints. and that's just the start of it.
Do those thoughts excite you or horrify you? But there's more to it than just enjoying the world of business. Probably of more importance is having an appetite for engaging with other people. This is because entrepreneurship is fundamentally about people and relationships. its about forging social connections with investors, suppliers, employees, customers, and even competitors.
Even if you have the best business plan in the world, investors are only going to stump up funds if they trust you to deliver on your plan. Suppliers need to understand your vision. Employees might need some persuading to join your little outfit rather than some more established firm. It goes without saying that customers are going to need some more convincing to buy your products or services. In addition, it wouldn't hurt to have friendly relationships with competitors to understand industry trends too. If all of that communicating and negotiating and influencing and persuading sounds like your idea of hell, then entrepreneurship is not for you. consider that you might be better suited to settling into a more comfortable, perhaps employed existence. Avoiding having to get your hands dirty with the horrible responsibility of financial goings on and business decisions, and dealing with people on daily basis. If that still hasn't put you off, read on.

Take Responsibility 
From wages slave to thrusting tycoon, your first step is to adjust the way you thin about our work and life. With that shift in mindset will come changes in how you behave and live your life from now on too.Corporate life can get terribly comfortable and predictable. Wages slaves (or employees, as they are more politely known) get use to having a regular income. They have regular hours. They have a clear role an colleagues who an support them. You might have had a sales team to find customers, an accounts team to chase them for money, maybe you had a secretary to handle your administration or team of lackeys to do stuff that you were too important to sully yourself with.
As an entrepreneur, all of that has to go. So long farewell, auf wiedersehen, goodbye. Your income will become irregular, From now on, if you don't earn you don't eat. Your hours will fluctuate from almost nothing in a quiet week to every hour you aren't sleeping when necessary. Suddenly your clear role will be replaced by a need to do everything and anything, Not a single customer will come your way unless your pursue them, engage with them, persuade them to give you a chance. Customers won' t pay unless you send them a bill. If you need to send a fax or write a proposal, you can't pass it onto your secretary or a junior member of the team - it will be you who needs to figure our the fax machine or sit at your desk into the night. Off course, entrepreneurs love it, they love the freedom and opportunity to carve out their own careers rather than merely do what they are told to do. it does, tough, take getting used to. Just thought i would warn you!

Enjoy making mistakes
Wages slaves are instructed not to make mistakes; entrepreneurs thrive on them. I have heard some entrepreneurs say that you aren’t a real entrepreneur until you have seen at least one business go bust. Personally, I wouldn’t go that far but my point is that you have to be willing to make mistakes. To try new ways of working and understand what doesn’t work. To go wrong publicly and occasionally have people snigger or shake their heads at you.
Too many would-be entrepreneurs allow themselves to be held back by their own fear of failure. They don’t want to go wrong and look foolish or stupid. They worry what others might think. They look for approval and when others tell them that their idea won’t work, they stall and chew their fingernails, and wonder what to do next. That procrastination is often enough for the opportunity to slip them by, for someone else with a similar idea to have the guts to trail and test it and bring it to market. I can pretty much guarantee you that your idea won’t work. At least, not at first. Not in the way you first intend it. However, each of your mistakes is an opportunity to learn, to improve your process, and eliminate methods that don’t work. Each one is an experiment that will help you find the right formula. You will only find the right path when you have gone down lots of blind avenues, made lots of faltering errors, and bungled a handful of attempts.
Entrepreneurs get it wrong but are determined enough to carry on regardless. They work at their ideas and they adjust their goals constantly in the light of new information on what competitors are doing, what customers are asking for, and what the technology allows them to do. The message is simple. Be ready to make mistakes lots of them. Give yourself a pat on the back every time something doesn’t work, because your mistake will ultimately allow you to figure out how to succeed.

Commit to getting started
It doesn’t matter how you get started as long as you do. Reading this post then forgetting about it is not the aim of this post. If I can persuade you to spend just an hour with pen and paper jotting some ideas down, that’s a start. A great start, in fact. There are too many people who merely wish they could be entrepreneurs but, behind the words, there are no actions to make it happen, they find it easier to come up with excuses for not doing it and d elude themselves that they are going to do it soon. That first hour of work and then another and then another will set you aside from the majority of those wannabes who never do anything about it. A handful of hours is all it takes – at least at first. Not everyone can quit their jobs and throw all of their energies into a new venture. Many successful entrepreneurs started out fairly cautiously, by working on their new venture part-time while juggling the regular income of their full time occupation. There is no reason you couldn’t do that to begin with. Whatever you do, don’t let yourself become one of those spectators who merely watch and wish it could be them. Make sure you get set that tie aside to think, discuss, plan, or research without letting tiredness or work commitments or family engagements or laziness get in your way. Just a few hours a week – is that too much to ask of yourself?
 


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