Which Mindset Do You Have in Business and how to improve it

Online business and Entrepeneurship Oct 23, 2022

Many small business owners and enterprisers got their beginning as an employee. They worked for somebody else. The issue is, if you’ve been an employee for years, it may be difficult to shake of the bonds of the employee mentality.

Having the right mindset is crucial for success in business. Here are a few key elements of a successful business mindset:

Positive attitude: A positive attitude is essential for overcoming challenges and staying motivated. Look for the good in every situation and try to focus on solutions rather than problems.
Growth mindset: A growth mindset involves a belief that you can learn and improve, rather than being limited by your current abilities. This mindset is crucial for adapting to change and taking on new challenges.
Resilience: Business can be unpredictable, and setbacks are inevitable. It's important to be resilient and bounce back from setbacks rather than getting discouraged or giving up.
Creativity: Business often requires coming up with new ideas and finding creative solutions to problems. Cultivate a mindset that is open to new ideas and approaches, and embrace the opportunity to think outside the box.
Focus: Successful businesses require focus and dedication to achieve their goals. Develop the ability to stay focused on what's important and eliminate distractions that can take you off course.
Adaptability: The business landscape is constantly changing, and it's important to be adaptable and willing to change course if necessary. Be open to new ideas and approaches, and be willing to pivot if something isn't working.

Overall, a successful business mindset involves a positive attitude, a growth mindset, resilience, creativity, focus, and adaptability. These traits will help you navigate the challenges of business and achieve your goals.

What does this mean?

If you're an employee mentality, you're 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 endeavor.

You see, as an employee, you've 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're an entrepreneur or business owner, you think much differently. Essentially the buck stops (and begins) with you. You're responsible for the success and failure of your endeavor. And you are the one who makes all the huge decisions (including who to designate little decisions too!).

To discover if you're thinking like an employee or an entrepreneur, take this fast quiz:

Do you confine your tasks/responsibilities to a subset of what is required for your business to flourish?
Do you base your lifestyle on your revenue?
If a money setback happens, do you shrink your budget to adapt to the reduction in revenue?
Do you constantly seek outside advice to make even daily decisions?

If you responded “yes” to most of these queries, chances are you have an employee mentality. Here’s why those with an entrepreneurial 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 averse to bundling up their sleeves and getting their arms dirty.

Do you base your lifestyle on your revenue?

Entrepreneurs will seek to develop their business, enlarge their line of products and broaden their services when money setbacks happen. They don’t 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 center on bringing in the money that supports the lifestyle they want and invest the rest into their business. That stated, they're 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're in control of their day-to-day actions and don’t need somebody else to tell them what to accomplish or prompt them to accomplish it.

Let’s look at some more differences
Monday mentality

Employees fear Monday. (Or, whatever the beginning day of their work week is.)
Entrepreneurs are not bolted into a work week. They approach each day as a different chance to go after their dreams.

It’s not my problem mentality

Employees have this mentality they view everything on the job by whether or not it's their problem.
Entrepreneurs view everything as their duty as they have ownership of what is happening in their business.

T. G. I. F. (Thank Goodness It’s Friday) mentality

Employees are constantly looking forward to their off days.
Entrepreneurs are forever seeking ways to extend their business even when they're not “working” they're considering ways to extend their entrepreneurial talents. They look forward to each day!

When am I going to receive a raise? mentality

Employees think that raises ought to come according to the calendar, instead of according to their work.
Entrepreneurs seldom consider when they'll receive an
increase. They realize that the more they work towards helping other people the greater their reward will be.

Oh no, what now mentality

Employees set about meetings with an “oh no” mentality.
Entrepreneurs set about meetings with a mastermind mentality. 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.