It's Time To Start Thinking Like An Entrepreneur
Most of us who join Wealthy Affiliate do so with the intention of eventually being able to make a full-time living from our online business - or at least enough money to enjoy a few extra luxuries in life.
However to make this happen we need to make some subtle but very important changes to the way we think. In many cases this is easier said than done because many of these thought processes are ingrained in us from a young age. It's the way we are taught to think at school and it's the way most "normal people" think.
It's time to realize that you are not "normal" - you are an Entrepreneur! And Entrepreneurs view things in very different ways.
Employee Mindset V Entrepreneur Mindset
Here's a few examples of how these two mindsets differ:
1: Fixed rewards for time spent working. This is the classical employee mindset and its what we are generally all taught and believe to be the way to work. You learn some skills, get a job that utilizes those skills, and then work 40-45 hours per week for an employer who pays you a set wage for those hours of work. As an entrepreneur there is absolutely no limit on the rewards you can earn from the time you spend working and you also decide how much time that is.
2: Risk Taking. Most of us are quite averse to taking risks - possibly from bad experiences in the past. Certainly as an employee you don't want to risk your job by doing something that might not work out or cost the company money. As an entrepreneur you must become happy with taking calculated risks. I emphasize the phrase calculated risks. It's likely that you will have to spend some money on training and resources to succeed and there is a possibility that you will lose everything you invest in your business. An entrepreneur weighs up the pros and cons and makes a decision on each risk.
3: Work Ethic. As an employee you will generally make an effort to do your job well enough to get by but it's very rare to do more than is absolutely necessary. As an Entrepreneur you will need to be comfortable with the fact that you will have to do a lot of work upfront with no guarantee of any reward at the end.
4: Attitude to failure. If you are an employee and experience failure in the workplace then generally you will still get paid at the end of the month. If you have your own business then failures can be expensive or even catastrophic. An entrepreneur will accept that failures are an inevitable part of creating a business and should be viewed as learning opportunities for the future
As an entrepreneur you need to accept that there will be many challenges along the way and these are just part of the journey. There are almost always solutions available if you spend the time looking for them.
It's not an easy transition from having the employee mindset to developing the entrepreneur's mindset. It can be built over time as you gain experience in your business. One of the best ways to do this is to set goals and targets for your business and work methodically towards them.
Anyway, I hope this has given you a little food for thought. I'm off now to spend some productive time on my business. Have a great day whatever you're doing!