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S038: How About Explaining What the Entrepreneurial Mindset is?

November 03, 2017

S038: HOW ABOUT EXPLAINING WHAT THE

ENTRPRENEURIAL MINDSET IS?

Episode 38 explains, in simple terms, the meaning of the phrase “Entrepreneurial Mindset” and discusses common characteristics/traits that help formulate this mindset in an individual.


Episode Takeaways

In this episode, you will learn

  • in simple terms, the meaning of the phrase “Entrepreneurial Mindset”,
  • 12 basic characteristics/traits common to successful entrepreneurs, and
  • practical examples of how an entrepreneur reasons different from other people.

Before we delve deeper…

Last week, I shared some perspective on developing the entrepreneurial mindset, with emphasis on how potential entrepreneurs in world of working for others can initiate the shift from an employee’s mindset to the entrepreneurial mindset.

One thing I failed to do is to define what the entrepreneurial mindset is. In this episode, I explained what the entrepreneurial mindset is, as we look to delve into deeper truths about building this mindset.

Yesterday was my birthday!

Yes! November 2 of every year is my birthday and yesterday was another “November 2”. I’d like to say a very big thank you to everyone who made the day a great one. I’d like to also specially thank the lady who’s got the keys to my heart for making yesterday a memorable one.

If you haven’t wished me a happy birthday, it is not too late!

Having a Hard Time Blending in?

One characteristic common to all entrepreneurs is that they always have a hard time blending and becoming like “the rest of the world”. They always have a problem maintaining the status quo.

Think about all your mentors and models in the entrepreneurship world, did they achieve success by blending in?

This episode discusses, at length, the 12 characteristics that forms foundation of the entrepreneurial mindset possessed by all successful entrepreneurs.

In conclusion

Learning about these characteristics/traits helps you evaluate your personality and determine if it is fully ready for the journey ahead. The good thing about understanding these traits also, it that it enables you identify gold and opportunities to develop them in every challenges and obstacle you face. This change in perspective, enables you face your problems confidently.

Don't Miss the Next Episode!

Samuel Adeoye

AUTHOR

SAMUEL ADEOYE
STRATEGIC EXECUTION

Samuel Adeoye (popularly known as “Se7en” or the “Startup Engineer”) is an entrepreneurship enthusiast and the lead podcaster at Podlobe. He is also a big fan of Manchester United.

S038: How About Explaining What the Entrepreneurial Mindset is?

“That you can do it on your own” is just one of the many subtle, yet fatal assumption startups make when heading out on this journey of ours. In this episode, we will be taking a look at 10 fatal assumptions that we have made and show you how to deal with each.


Episode Takeaways

In this episode, you will learn

  • the top ten fatal assumptions startups make,
  • my experience with each fatal assumption at Podlobe, and
  • how to manage each fatal assumptions.

You only have to launch your Startup Once?

This is just one of the many fatal assumptions startups make. Many Startup Entrepreneurs launch their product with the belief that that is the only launch they have to prepare for. This is one fatal assumption startups make. In some cases, some invest more time and resources on launching the product than on the product itself.

While this is great, many times, it is fatal.

As a startup, launching is a iterative process. You will have to launch and relaunch until your product truly solves the customers’ problem. Making the assumption that you only have to launch once is doom for you should that product not hit the ground running.

Fatal Assumptions Startups Make.
Fatal Assumptions Startups Make.

Why Understand these Assumptions?

You may wonder why it is important for you to understand and acknowledge these fatal assumptions where present.

Simple, it helps you prepare better for its eventual consequences and plan out your other options. Planning after an assumption has brought down a great idea is almost an impossible task. You stand a better of success if you take them into consideration from the beginning.

In addition to that, when you fail with assumptions you initially recognize, it is way easier to get back up from your failure.

In conclusion

Other assumptions such as “That you know your customers”, “That you are now your own boss”, “Your Startup is a Business” and many more were fully discussed in this podcast. Listen to her now.

Don't Miss the Next Episode!

Samuel Adeoye

AUTHOR

SAMUEL ADEOYE
STRATEGIC EXECUTION

Samuel Adeoye (popularly known as “Se7en” or the “Startup Engineer”) is an entrepreneurship enthusiast and the lead podcaster at Podlobe. He is also a big fan of Manchester United.

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