S037: Building The Entrepreneurial Mindset
In this episode, I shared a number of perspectives on building the entrepreneurial mindset in Nigeria. Issues ranging from societal setup, self realizations, hardships, sacrifices, dealing with people to solving one’s own financial problem were also highlighted in this episode.
In this episode, you will learn
- how understanding who you are is crucial to developing the entrepreneurial mindset,
- why you may not have gotten the entrepreneurial mindset from childbirth,
- how writing your resignation letter from day one can save you from being drawn into the “employee’s mindset”,
- how sacrifices must be made to develop the entrepreneurial mindset, and
- how solving your own financial problems is key to building the entrepreneurial mindset.
What is the Entrepreneurial Mindset?
Entrepreneurial mindset refers to a specific state of mind which orientates human conduct towards entrepreneurial activities and outcomes. Individuals with entrepreneurial mindsets are often drawn to opportunities, innovation and new value creation.
Characteristics include the ability to take calculated risks and accept the realities of change and uncertainty.
Understanding who you are is key
Many people stutter when asked to describe themselves, mostly because they do not know. Once an individual has gone past the adolescent age, it is almost impossible to develop the entrepreneurial mindset unless he/she first understands his/her weakness, strengths and inclinations.
In this episode, amongst other things, I talked about the link between understanding oneself and developing the entrepreneurial mindset.
Your Resignation letter
It is easy to be drawn into developing the opposite of the entrepreneurial mindset, when you work for others.
In this episode, I explained how writing your resignation letter from day one (or NOW), can save you from the “employee mindset” trap.
Dealing with your own emotions
Entrepreneurs deal with a lot of intense emotions day in day out. These emotions can come in unimaginable magnitude in an entrepreneur’s darkest hour.
During moments like these, what makes the difference between success and failure is emotion intelligence. Dealing with people also involves a great deal of emotion intelligence.
In this episode, there are many other salient issues with respect to developing the entrepreneurial mindset discussed in this episode.
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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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