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“Think Like an Entrepreneur”

Posted by Cathy Mahady on Friday, August 7th, 2009

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By:  Jeané Elliott Bennett

Entrepreneurship is so much more than just learning to run your own business.  (I’m learning that first hand.)  It is an approach to life that involves thinking of you as a “can-do” person.  (Another lesson I’m learning.) After all, if you can start your own business, you can do just about anything! (So true.)

When you work for yourself, you are thinking like an entrepreneur.  Let this motivate you to do your best in your business:

  • Always look for opportunities to learn new skills or sharpen the ones you already have and take on new responsibilities.
  • Show yourself that you understand your business and are working to improve the profitability of your business.

You will then notice that you are thinking entrepreneurially.  Remember, every skill learned is yours to take for the asking to use in your business.  Never stop learning.

To quote Jeffry Timmons: “Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity-obsessed, holistic in approach, and leadership balanced.”  People who think like entrepreneurs are excited about what they can accomplish.  They feel in control of their lives.

Do you feel in control of your life, or do you feel controlled by it?  If you give starting a business a try, you will learn valuable skills that will make you more successful, no matter what career you may eventually choose.  You will also learn how to take charge of your own destiny.

Entrepreneurs do three important things:

  1. They listen. By listening to others, entrepreneurs get ideas about improving their business or creating a new one.
  2. They observe. By constantly keeping their eyes open, entrepreneurs get ideas about how to help society, about businesses to start, and about what people need.
  3. They think. When entrepreneurs analyze a problem, they think about solutions.  What can they do to solve it?

Successful entrepreneurs know it is important to capture creative ideas and thoughts.  To get into that practice, start an “Idea Journal”:

  • Carry a pocket –sized notebook with you at all times.
  • As you use your listening, observing, and thinking skills, make a habit of writing down any entrepreneurial ideas you have for meeting your business needs or solving business problems.
  • Describe briefly every positive encounter you have with a business.  You may be able to use something from that encounter in your business.

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Filed in Guest Bloggers | 2 responses so far

2 Responses to ““Think Like an Entrepreneur””

  1. corine robersonon 31 Oct 2010 at 1:18 pm 1

    I’ve been thinking of joining the real estate agency business (although it is slow right now I know that it will pick up eventually, just looking all around me i see continuous building etc.,) My question is how do i learn more about this business?

    Thank you.

  2. Cathy Mahadyon 01 Nov 2010 at 9:00 am 2

    Hi Corine,
    That’s good news that you see building occurring in your area. My recommendation would be to do a search for “Your State Association of Realtors.” I am sure they’ll have a website that you can begin to do some research on and get some answers. As well, you may be able to connect / network with others in your area that could help mentor you in this field. Good luck.

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