Press "Enter" to skip to content

How to Achieve a Wealthy Entrepreneur Mindset

A wealthy entrepreneur mindset is mainly about 2 things: keeping a positive attitude and achieving your goals.

Let’s look at each in a bit more detail:

Keeping a Positive Attitude

IF you start a business or decide to become an entrepreneur without the total conviction that you will succeed no matter what comes your way, you are likely to stumble at the first hurdle.

It’s hard to keep a positive attitude with the pressures placed on you in today’s world. Numerous businesses fold daily. People lose money. There is so much competition. The list is endless.

So how do you set yourself apart and make sure that all these pressures don’t affect the way you think about your business and your life in general?

Try these tips:

1) Get Rid of Limiting Beliefs About Money

Money is a just means of exchange. It’s a means to an end and not an end in itself. Some people have feelings of guilt when it comes to money; they think there’s not enough to go round and consequently feel guilty when they think of themselves having lots of it, or conversely are jealous of people who they see as wealthy.

How can you get money if all your mental associations with it are negative? They say that lack begets lack. And lack, in this case, is negative thinking.

Be positive. Imagine yourself with lots of it, and using it to better yourself and others. You may have heard of the preacher who condemned wealth from the pulpit and at the end of the sermon asked his congregation to give generously. What kind of messages are you sending to your mind about money?

2) Keep Away from Negativity

The single most negative influence in the world today is the news and media. An hour of it and you’ll hear about every possible kind of evil act and bad news under the sun.

What does all that negativity do to your mind? It keeps you in a constant state of anxiety. Your subconscious acts like a sponge, more then you may be aware of – it absorbs whatever is out there without questioning.

Change your focus to more positive things. Surround yourself with people who are positive and who hold the same goals and aspirations as you. Associate with success. Learn about the failures but treat them as learning opportunities.

3) Stop Undermining Yourself

This is usually the result of past conditioning, where you may have been told that you are no good at certain things. Or maybe you tried something in the past and failed. Again, treat this stuff as lessons learned.

Every day is a new day. Use it to start afresh, keeping in mind that great things have been done by people just like you. Imagine if the Wright brothers gave up when their first model plane crashed. They kept going and left a legacy.

4) Treat Yourself Well

You deserve it. If you’ve read the famous story, “The Richest Man in Babylon”, you know the value in this. He put aside a portion of his income for himself. Every time. And it was not savings – no, savings imply an upcoming rainy day. He was simply paying himself for his efforts.

You may not stash away cash like him, but use some of the income you make on yourself. Reward yourself and you’ll feel much better about your work. It doesn’t have to be $1000 worth of something. If there is something you really wish you had and it’s worth only $10, go out and treat yourself.

Achieving Goals

GOALS are tricky, mainly because they have a way of disappearing into thin air. Many people at some point have set goals, and then wondered what happened to them as time went by.

There is a science to setting goals – that’s the part that most people miss as they go about setting goals. Here it is:

1) Think Like An Entrepreneur

Before you start setting goals, you need the mindset for it. And since you are setting entrepreneurial goals specifically, you’ll need an entrepreneurial mindset.

You need to think like the best entrepreneurs. Seek them out. Read their books, follow their social channels and you’ll start to pick up on how they think and behave.

2) Write About Your Goals

Take out a piece of paper and start by writing about your goals.

Whatever you write down is fine, so long as it is positive and helps you formulate a clear outcome. This part requires total honesty. Don’t get lost in the details  – you can add those on later.

3) Draft A Plan

Now, outline a big picture plan of where you want to be in 1, 3 or 5 years. There are many creative and different ways of doing this. You can create a vision board, for example, and paste an image of your dream house next to your goals.

Do whatever works to help you visualise your end goal. Nothing is too weird.

Whatever the mind can conceive and believe, the mind can achieve regardless of how many times you may have failed in the past or how lofty your aims and hopes may be. - Napoleon Hill

4) Formulate A More Concrete Plan

Take each goal and break it down into small digestible steps.

This way your goals will appear more achievable. Break them down into as many steps as you need until you feel you can do them.

5) Attach a Timeline to Each Goal

It doesn’t have to be a specific date. It could be a time interval, like a month. Try to pin your goals into places you can see or access easily, so you can review them regularly. For example, stick them on your  fridge, on your office board or wherever you’re likely to see them. Then commit to achieving them. Focus and patience are the driving factors towards achieving your goals.

You may not achieve each goal in the time you’ve set, but that doesn’t mean you’ve failed. Maybe a little re-organization is all you need. Remember that entrepreneurship is a mindset. Some people may have been born with it, but thankfully this is something you can learn and get to work for you.

Created with Compete.