Unit V
Malkta
UnitIIBUSEssay.docxRunning head: ENTREPRENEURIAL MINDSET 1
ENTREPRENEURIAL MINDSET 3
Entrepreneurial Mindset
Tiffany Chism
Columbia Southern University
Dr. Harris
February 5, 2022
Entrepreneurial Mindset
It is common for many entrepreneurs to appear to be very smart, but it is usually one of the ways they use their intelligence that often counts. Entrepreneurial Mindset is defined as the ability of an individual to quickly sense or detect, take up an action and organize him/herself under unfamiliar or uncertain circumstances. For instance, cognitive strategies are among the various techniques which people use in solving problems like reasoning, experimenting, analyzing and many others. Thus, entrepreneurial mindset often employs various cognitive strategies in the identification of opportunities, consideration of alternatives and acting. An entrepreneurial mindset is perceived as the lens via which an individual views the world around him, and where everything is seen in the light of entrepreneurial business (Moore et al., 2021). It entails taking an action towards creation of something different, unique or new and often starts with a focus on solving a particular problem.
An entrepreneurial mindset usually describes the way we perceive our world, what we pay attention to, our interpretation and reaction to our surroundings. Creativity is referred to the mother of invention, and this is evident in the world of entrepreneurship. Creativity therefore is a requirement for entrepreneurial success. This is because the minds and thoughts of every entrepreneur is usually in search of innovations and novel ideas. Therefore, one of the benefits of being an entrepreneur is the ability to always express creativity through trying out various creative ideas and tactics for success of your business. Having a positive mental attitude is also essential for successful entrepreneurs. The mindset of managers usually set the tone for other employees of the organization and significantly influences corporate culture. Thus, cultivating a positive attitude entail learning how to mentally reframe responses. According to research there is a correlation between positive working environments and higher productivity (Asenge et al., 2018). This is because a positive attitude often significantly influences other workers in a positive way. Research shows that happy and satisfied employees are better overall.
Regarding building your creative skills as an entrepreneur, you must be willing to take up major risks in order to advance your individual abilities as well those of others. This entails specializing as well as being an expert in your line of business by having rich knowledge and understanding of what entrepreneurship is (Moore et al., 2021). It is also important to develop time for developing your creative talents and innovation because entrepreneurs are inherently creative thinkers and to create a successful business you must be more creative.
Entrepreneurial mindsets and spirits typically create different types of entrepreneurs. For instance, some are often focused on long term while others are usually technical and focused on the present. However, the impact on success is usually very significant. Hence, there are different types of entrepreneurs; the technician entrepreneur whose focus is on the detail-oriented part of the business, things and particularly products which need to be tidy and neat. This type of entrepreneur is typically interested in changing lifestyles, one that sees potential in an idea and does everything possible to make it happen alone. Another type is manager entrepreneur who doesn’t take up the technical work but is more of process minded and always interested in managing the technician. This one often does not have a big vision of the business to decide on the actual directions a business should take. Lead entrepreneur on the other hand is often behind or on top of a business which runs on its own and usually looks for ways to get to another level of entrepreneurship. This type of entrepreneur usually does this by either becoming investors or promotors for their own vision (Asenge et al., 2018). However, the ways usually differ, but the idea is the same, thus the third type of entrepreneur is the one that focuses on the future.
References
Asenge, E. L., Diaka, H. S., & Soom, A. T. (2018). Entrepreneurial mindset and performance of small and medium scale enterprises in Makurdi Metropolis, Benue State-Nigeria. International Journal of Innovation, 6(2), 124-146.
Moore, C. B., McIntyre, N. H., & Lanivich, S. E. (2021). ADHD-related neurodiversity and the entrepreneurial mindset. Entrepreneurship: Theory & Practice, 45(1), 64–91. https://doiorg.libraryresources.columbiasouthern.edu/10.1177/1042258719890986
