How to Change Your Entrepreneurial Mindset for Success - Entrepreneur

Signing out of account, Standby…
If you’re in it for the money, you will struggle. Make your end goal the impact you want to make on your community, and the dollars will follow.
Entrepreneurship is a tough journey. It requires you to be self-motivated and willing to take risks to succeed. Most people decide not to become entrepreneurs because they think it’s too risky. Yes, there will be some financial risk and market risk, and even the chance that your idea might not take off as technology changes. Can your business idea adapt? It’s scary for many potential entrepreneurs.
There are many reasons why people decide to take that incredible leap to become an entrepreneur. As business owners, we want to have more control over our time and work hours, be able to change the world in some way, and for many of us, the idea of having financial freedom and the possible riches can be a huge motivator.
Nearly 97% of business owners will tell you they have no plans to return to their traditional job but are the ones who survive truly motivated by the money?
Related: 11 Mindset Traits of Successful Entrepreneurs
So many entrepreneurs and business owners start their journey thinking they’re going to be rich and plan how to spend all the money they expect to make. This is the wrong way to think about it — and may be detrimental to your ability to make it to financial freedom.
Even after I reached the point in my business where I could feel comfortable putting things on “cruise control,” I continued to hold the mindset to continue providing value to my business so that my business could continue to provide value to the community. If I am not providing worth to those in my community, then I am not doing my job as an entrepreneur, business owner and human being.
Yes, your business will need to earn money to make it, but if that’s why you’re going into it, then you won’t succeed. If you say, “how can I help the community, change things, and make an impact,” then the cash will be a byproduct. That’s when success will be imminent.
Here’s what to remember to help guide yourself in the right direction when it comes to finding success as an entrepreneur:
Related: Harnessing the Power of Positive Thinking to Grow Your Business
One key to success as an entrepreneur is finding the right balance between doing what you love and developing your business. Successful entrepreneurs are the ones who can do both at the same time. They have a passion for their business that drives them to keep on going while ensuring they are building something great that they can adapt to as the needs and demands of their customers change.
Remember, when money becomes a means to an end instead of the end itself, that’s when you find true happiness in your business.
Related: Why Making Money Shouldn’t Be Your Only Goal in Life
When Her Parents’ Restaurant Burned Down, This First-Generation Founder’s Hot Sauce Brand Rose From the Ashes to Take on Corporate Giants
Not Hitting Your Goals? Here’s How to Know If You Should Change Tactics or Strategy.
You Can Generate Your Own Viral LinkedIn Post With This Hilarious Tool
This Couple Lost Everything When the Housing Market Crashed. But Manifesting ‘Magic’ Helped Them Launch a Metaphysical Brand With 10 Stores.
4 Hidden Dangers of Working Remotely
The Best Software Solutions and Tech Providers in the Franchising Industry
This 18-Year-Old Student Wanted a Better Way to Keep Track of His School Work. So He Built an App — and a Business.
Todd Stansfield
Emily Rella
Gabrielle Bienasz
Subscribe to our Newsletter
The latest news, articles, and resources sent to your inbox.
I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith.
Read our privacy policy for more information.
Copyright © 2022 Entrepreneur Media, Inc. All rights reserved.