Entrepreneurial Mindset

Your mindset is what you think and the way you think. As a mindset, mood, motivation expert and author, no one is smarter than you and you are no smarter than anyone else. What makes us well versed in an area are our knowledge, expertise, relationships, and experiences.

The practical application of knowledge, expertise, relationships, and experiences is called having an entrepreneurial mindset. An entrepreneur and business owner differentiates themself with this trait. In order to grow we have to go from a fixed mindset and into an entrepreneurial (grow) mindset. Why? Because eventually the growth you may be experiencing in a fixed mindset becomes exhausted and unless you can find additional applications for your services and products there will be declining business and margins.

Dr. Carol Dweck, a Stanford university researcher, professor, and psychologist wrote the book, Mindset. She describes the characteristics of a fixed mindset and a growth mindset. How do we go from a fixed mindset cross the bridge into a grow mindset? A mindset tool you can use to go from a fixed mindset to a grow mindset is called an adaptability link. There are four types of adaptability links:

1. Learning is the catalyst for positive change.
Learning comes in many forms. It can come from school, books, professional speaker programs, cds, and dvds, training, watching an interview, and through conversation.

2. The people you meet and the relationships you form.
Identify people you can serve, those you can network with, or use their services and products to make your services and products more competitive.

3. Through other peoples experiences
We gain insights and tips to adapt and model their experiences to our situation. Everything not attributed to nature a person or group of people created.

4. Your experiencesr
Be productive and creative to produce practical applications.

For each adaptability link above, list examples relevant to what you are working on. If you are not able to, you need to motivate yourself to find examples. What are you doing to apply them to your efforts to produce a practical service or product? One people will buy because they like, need, or want it. Invest in the four types of adaptability links for a return on investment. The practical application of knowledge, expertise, relationships, and experiences determines the level of your entrepreneurial success.