Developing The Right Mindset
To Transition From Employee To Entrepreneur
To Transition From Employee To Entrepreneur
Among the hardest transitions for individuals is to move from the employee to the entrepreneur mentality. The idea of setting out on your own, and setting up your own business is fantastic. It’s the desire of a lot of individuals to leave their jobs and become successful business owners. However, one of the barriers to being successful is the transition that has to be made from the employee mentality to the entrepreneur mentality?
It’s exceedingly crucial that you bear this entrepreneur mentality in mind as you transition to becoming a success in business on your own…because most of the principles you’ll need to succeed in business are based on being a true entrepreneur.
And there are gigantic differences between that and an employee mentality,
Which Mindset Do You Have?
Many small business owners and enterprisers started their career as an employee. They worked for somebody else. The issue is, if you have been an employee for years, it may be difficult to shake of the bonds of the employee mentality.
What does this mean?
If you have an employee mentality, you are more likely to look to other people to tell you what to do. You’ll find it difficult to take responsibility for the success and failure of your endeavour. You see, as an employee, you have no say about how the business is executed. You just work hard to prove your value so that you can stay employed.
Which One Are You?
If you are an entrepreneur or business owner, you think much more differently. Essentially the buck stops (and begins) with you. You’re responsible for the success and failure of your endeavour. And you are the one who makes all the major decisions (including who to designate the decisions to!).
To discover if you’re thinking like an employee or an entrepreneur, take this fast quiz:
1. Do you confine your tasks/responsibilities to a subset of what is required for your business to flourish?
2. Do you base your life-style on your revenue?
3. If a money setback happens, do you shrink your budget to adapt to the reduction in revenue?
4. Do you constantly seek outside advice to make daily decisions?
If you responded “yes” to most of these queries, chances are you have an employee mentality.
Here is why those with an entrepreneur mentality would answer “no.”
Do you confine your tasks/responsibilities to a subset of what is required for your business to flourish?
Entrepreneurs understand that occasionally they have to do things in their business that are “higher up” or “beneath” their skill level. Their mental attitude is if it has to get accomplished, get it accomplished and they’re not adverse to bundling up their sleeves and getting their arms dirty.
Do you base your life-style on your revenue?
Entrepreneurs will seek to develop their business, enlarge their line of products and broaden their services when money setbacks happen. They do not let themselves get to be or remain a victim of fiscal conditions.
If a money setback happens, do you shrink your budget to accommodate the reduction in revenue?
Entrepreneurs send out the payments for themselves first. They focus on bringing in the money that supports the life-style they want and invest the rest into their business. That stated, they are likewise cognizant of and accept the fleeting sacrifices that may need to be made in order to achieve a goal.
Do you constantly seek outside advice to make even daily decisions?
Entrepreneurs handle their time and take responsibility for their actions. While they might seek out mentors to guide them to expanded growth, they are in control of their day-to-day actions and do not need somebody else to tell them what to accomplish or prompt them to accomplish it.
Let us look at some more differences:
1. Employees fear Monday. (Or, whatever the beginning day of their work week is.).
2. Entrepreneurs are not bolted into a work week.
3. They approach each day as a different chance to go after their dreams.
It is not my problem mentality
1. Employees have this mentality they view everything on the job by whether or not it is their problem.
2. Entrepreneurs view everything as their duty as they have ownership of what is happening in their business.
T. G. I. F. (Thank Goodness It is Friday) mentality
1. Employees are constantly looking forward to their off days.
2. Entrepreneurs are forever seeking ways to extend their business even when they are not “working” they are considering ways to extend their entrepreneurial talents.
3. They look forward to each day!
When am I going to receive a raise? mentality
1. Employees think that raises ought to come according to the calendar, instead of according to their work.
2. Entrepreneurs seldom consider when they will receive an increase.
3. They realize that the more they work towards helping other people the greater their reward will be.
Oh no, what now mentality
1. Employees set about meetings with an “oh no” mentality.
2. Entrepreneurs set about meetings with a mastermind mentality.
3. They realize that excellent ideas come out of these meetings.
There are a lot more mindsets that we may compare. As a matter of fact if a few have come to mind for you as you read this write them down.