Thursday, 19 January 2012

How to become more entrepreneurial

You can win big in life by adopting an entrepreneurial mentality. It will allow you to overcome problems that other people find insurmountable, enabling you to detect hidden solutions and opportunities in difficult situations.

How can you train yourself to become more entrepreneurial? Taking risks, staying alert, and being quick at exploiting chance encounters are things that do not come naturally to most of us. Nevertheless, like any other skill, entrepreneurship becomes sharper through practice.

The best approach is simply to make a list of those traits that you wish to acquire and work constantly at improving the quality of your thinking. What are the characteristics of the entrepreneurial mind? My own list contains five points.

1. TOLERANCE: What does a moral virtue have to do with entrepreneurship? Everything. Intolerance and inflexibility are deadly poisons when it comes to detecting opportunities and taking initiative. Unless you push yourself to tolerate uncertainty and risk beyond normal levels, your mind will never operate on a high entrepreneurial gear.

2. INDEPENDENT THINKING: Start questioning things that seem self-evident. Why should you follow traditions that make no sense? Can things be improved? Why do we have to wait in line to purchase certain products or services? Is there a better way? When everything is expensive, try cheap. When everything is cheap, try borrowing. The best opportunities lie always below the surface.

3. CONSISTENT AMBITION: There is moral ambition and there is the search of wealth. In addition, many others are embarked in a quest for honours or simply desire to make the world a better place. Pick your choice and keep it present in your mind. What really counts here is consistency. Random changes in your goals will block your entrepreneurial vision. Confusion generates chaos. Consistency of purpose sharpens the mind.

4. DETERMINATION: Whatever path you take, you will face opposition and criticism. Ambition is worthless unless it is accompanied by an iron determination to persist, to try again, to stand up and push repeatedly until the wagon moves. Why do different people possess unequal levels of determination? Personal philosophy plays a major role in this. Those who have a stable, rational, and integrated view of the world tend to advance faster on the entrepreneurial road.

5. A FEELING OF DISSATISFACTION: Contented souls seldom have the drive that is necessary to challenge the way things are. On many occasions, entrepreneurship is linked to personal dissatisfaction with a product, service, or environment. Annoyance and irritation can fuel the motor of change. A strong wish to turn the present into a better future is the thread line of many entrepreneurial careers.

Make your own list of the traits that you want to develop and place it on a visible place in your kitchen or bathroom. The world of tomorrow is shaped by those who reflect on their life's purpose while cooking and brushing their teeth.


[Image by Alaskan Dude under Creative Commons Attribution License. See the license terms under]