The Entrepreneurial Mindset: 101 Beliefs Every Entrepreneur Needs To Have To Be Successful

5.7K followers

Updated 6 years ago

Some people will never be successful because of what's between their ears. Not that they weren't created with the ability to be successful, but because they've accomodated beliefs and ideas that inhibit them from ever achieving something they can be proud of.

This doesn't have to be the case.

Can Success Be Achieved Despite Circumstances?

It's always interesting to study the difference between "successful" people and the not-so-successful people to see what the differences are. Many people have been successful despite:

Unhealthy childhoods
Broken hearts
Disappoointment
Fear
Rejection
Being neglected
Having no money
Having little time
Having no experience
Coming from a small social circle
and, having other odds stacked against them

As a result of the stories of overcomers, we know most external obstacles can be overcome. There are programs, people, opportunities that can help transcend circumstances, but beliefs aren't so easy for someone else to fix. As some point, your willpower has to bend to a sufficient amount that alternative beliefs are accepted.

Who Has a Chance at Success?

Everyone has a chance at success, but there are core beliefs that must be accepted in order for this to be possible. Here's a list of 101 core beliefs every entrepreneur must have to be successful:

Everything is possible
You're the captain of your ship
There doesn't have to be a such thing as failure (feedback, maybe)
You define success
You define failure
Make a decision and go for it
Hire slow and fire fast
Find what works and scale it
If someone else can do it, you can do it
You can handle change
If we don't have everything we need now, we'll get it from somewhere
Spend below your means
The past does not dictate the future
You don't have to be perfect to be a success, and neither do your products or services
The most important thing to control is your response--bounce back every time
There are others who've been where you're trying to go,and sometimes you'll need to reach out to them
You have to stay hungry to help more people in order to continue climbing the ladder of success
Giving is better than receiving, but you still want both
You'll need to set clear boundaries between your actions and your consequences vs. the actions of others and their consequences, or you'll have ongoing trouble in personal and professional relationships
Whether good or bad, take responsibility for the consequences of your actions and let others take responsibility for the consequences of theirs
Make sure you're getting paid an enjoyable amount that achieves the objectives you've desired, or you may not pursue the endeavor for the long haul
You get better with perfect practice
Don't practice doing something the wrong way or you won't improve
You need to learn positive self-talk and how to reverse negative self-talk
Mantras, scriptures, meditation, prayer, and being around positive people helps to reverse negative thought cycles, builds esteem, helps to create positive self-talk, and expedites growth
You need to set SMART goals and take massive action towards them
Don't spend every dollar you recieve: set aside some for working capital, set aside some for savings and "just in case", use some to cover expenses, and make payroll (yours included) a percentage of the business revenue
When you're buying something for your business, do due diligence to ensure it will give you a return on investment. Don't buy solely because of what others tell you
Don't be impulsive, but be calculated
Mastery takes time and practice
Sometimes you have to push yourself where you don't want to go in order to grow
Accountability can drastically excel your success
Being a part of a like-minded community of people can build your esteem, confidence, your reputation, and open doors of opportunity
Don't put all your eggs in one basket (ie. generate multiple streams of income and build more than one channel of traffic
You have blindspots when you're looking at your own business (or life in general)
You'll need the feedback of others to work around your blindspots and gain incremental levels of success
You are where you are because of your paradigm and sometimes you'll need a shift
Your values should be reflected in your schedule and your budget
It's better to be proactive than reactive so take time and channel resources ahead
Money is a byproduct of serving others
People will overstep your kindness if you don't reinforce your boundaries
Broken people hurt people so don't always take the actions of others personal
Sales is a service
Similar to a doctor offering a prescription for a health ailment, a salesman offers a product for a life ailment
The premise for selling to someone should be to offer a solution FIRST and to make profit SECOND--not the other way around
Negative manipulation is when you're persuading solely for your own good rather than persuading a person towards a mutual win (yours and theirs)
When you selfishly manipulate eventually you get discovered, and your reputation becomes questionable
Reputation separates generic brands from industry leaders--it's very valuable so build and protect it
You have to balance intention with external algorithms, and maximize your circle of influence
If you take care of your health, you can be more productive
Healthy people reciprocate kindness, but broken ones can't
You can't satisfy everybody
You can't follow your passion all the time; sometimes you'll have to sacrifice for the best interest of yourself and others
People you'd expect to support you may not, but don't base your pursuit or commitment on the support of others
Obstacles, breakthroughs, good situations, and bad situations are opportunities for growth and resilience
Appropriate the good and the bad into better character
Focus on solutions rather than problems and you'll become more resourceful
Enjoy the process rather than the outcome and you'll experience more ongoing contentment
Outwork, outthink, and outhustle your competitors
Knowledge is a worthwhile investment, and applied knowledge is an asset
Learn to take breaks
You didn't create yourself, so learn what your Manufacturer designed you to do, and you'll feel much more fulfillment in your life
There's family time, work time, and playtime--none can be overlooked
Every "guru's strategy is not a good strategy for you
You're capable of developing the necessary skills to make this business work
Every question you have has an answer you'll need to find
Not every situation will have instructions.
Experimentation is a part of business
You're capable of making a business work
This is not a get rich quick scheme
You'll need to do hard work
You'll need to commit to any business: online or offline
This business requires discipline: to write about more than what you want but what the market demands, to write more than when you want but when problems need to be solved
You'll need a schedule and a budget
Consistency is key
Focus is crucial
You'll need to prioritize the activities that yield the highest return from your time
Some risks are necessary to avoid opportunity costs and regrets
If you don't succeed the first time, keep trying
You may get many "no's" but keep looking for the yes. It'll eventually come.
Rejection is a necessary step in the pursuit of success
Rejection can be Divine protection
Practice getting numb to rejection
Fear isn't a signal you're doing something you shouldn't do, but a signal you're doing something new
Rejection doesn't have to mean you aren't good enough, it often means the other person failed to notice what you have to offer
People reject things that are too expensive for them, so don't feel bad if people reject you--this could be the case
Treat yourself like the valuable possession that you are. Don't place yourself where valuable things wouldn't go or don't let things be said about you that wouldn't be said about valuable people or things
Life doesn't get easier, so you have to get stronger
Study ahead and dress appropriate for the occassion
There's a time for uniqueness and a time for assimilation--learn to balance the two
People say "don't judge a book by it's cover", but aesthetics matter
Find things to be grateful for
Like healthy food versus unhealthy food, there's good information versus bad information--be careful and sort thru the information you're taking in
You build your paradigm on information that forms beliefs
Bad information can fence you in for years
Don't believe everything that others tell you about who they are, sit back and observe as they show you who they are
You have to crawl before you walk, and walk before you run
You attract people based on your own confirmation biases, so step out of your comfort zone into new circles if you want growth
It's not best to always be the smartest person in the room
If you want to grow, get around people that are further ahead (maybe even smarter) than you
Prune bad habits and replace them with good ones

Final Words on Entrepreneurial Mindset and Required Beliefs for Success

Mindset is the one thing only you can control, and it stands as a wall between your success and failure. It takes YOU to define success and failure, and YOU must take action towards your definition.

Now, It's Your Turn...

Do you agree that these are core beliefs of entrepreneurs? Why or why not? What additional beliefs would you add? Which might you take away? Leave your comments below. I'd love to hear from you.

Create Your Free Wealthy Affiliate Account Today!

4-Steps to Success Class

One Profit Ready Website

Market Research & Analysis Tools

Millionaire Mentorship

Core “Business Start Up” Training