How to Think Like an Entrepreneur – 3 Ways to Think More Like an Entrepreneur

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how to think like an entrepreneurCongratulations! If you are reading this post than you are already on your way to thinking like an entrepreneur. Entrepreneurs are very open- minded people and the fact that you clicked this link tells me your mind is open to new ideas and new ways of thinking. Throughout this post I’m going to challenge you to open your mind even more by explaining some of the different thought processes of the entrepreneur vs the employee. You will also learn a few practical applications for altering your thinking in ways that will serve you as a budding entrepreneur.

Think in terms of ROI rather than cost

Entrepreneurs think in terms of ROI (return on investment). Employees think in terms of cost. Should you attend that marketing event in Florida? You know all the top producers are going to be there, right?

Many employee minded people, when presented with an opportunity to go to a live event or buy a training course will immediately say things like, “I can’t afford it,” or “let me think about it,” and they will begin to think about all the reasons why they can’t make it work. They are thinking in terms of cost, not ROI. So if the total cost of the trip is $1,500 they see the loss of $1,500. Not the gain in skills, knowledge and connections that could easily make them an additional $1,500 a month for the next several years.

Jeffrey Combs, one of the direct selling industries top producers said that early on in his career he would never miss a live event,  even if he couldn’t afford it because he was so afraid of what he might miss. You never know when that one speaker, that one mentor, that one new business partner was exactly what you required to take the next step forward.

Employee minded people only see “cost” because they have no long term vision. Successful people make decisions very very quickly and change their minds very very slowly. So when they DECIDE to do something, its done. The “how” becomes an afterthought. Once the decision is made to go to Florida for that marketing event or buy that traffic course or create that info-product the how becomes erelevant. The how will fall into place and work out exactly how it is supposed to. They trust that and they enough faith in themselves to not live in the “what if”

Work On Your Vision

As I mentioned employee minded people think in terms of cost because they have no long term vision. They are not sure how attending that live marketing event in Florida will immediately affect their business. They cannot see more than a few feet in front of them so when the opportunity arises to do something that could positively effect the long-term of their business they immediately reject it.

It took me 6 months of learning and spending money that I did not have to make my first $20 sale online. This would have devastated most employee minded people and they would have quit. Employees are conditioned to work two weeks and get a paycheck. Work two weeks and get a paycheck. So putting 6 months into something that produces a very small return seems like insanity to them. I learned a very interesting quote from Tony Robbins that I absolutely love. “People overestimate what they can accomplish in a year and underestimate what they can accomplish in 10 years.”

If you are 100% dedicated to a certain outcome and your vision is clear, you will do whatever is necessary to get it.

Live in the moment

Most unsuccessful people and employee minded people live in the mystery of “what if? When presented with an opportunity to change their circumstances they immediately go to this place. What if I fail? What if I succeed and my friends resent my success? What if I run out of money? What if I run out of credit? What if I become successful then I fail? It hurts more to fall from 100 feet than it does to fall from 2 feet, right?

Entrepreneurs and successful people live in the now. They realize that the past is history and it only has the relevance that we place upon it. So they don’t make decisions based on things that happened yesterday. And the future? That is a mystery. No one knows for sure that the sun will even rise tomorrow. I dont’t. The world could end as I’m writing this sentence for all I know.

Now is all that we have and entrepreneurs understand this important distinction. If you want to be more successful as an entrepreneur stop living in the past and don’t allow the mystery of tomorrow take you out of action today. Live in the now!

If you took something of value from this post please leave me a comment below. Feel free to also share these insights with your social media audiences via the above links.

If you are serious about becoming an effective online marketer join me in Disney World in October for Live The Dream. And learn more about the online marketing training community and incubator for entrepreneurs in the 21st century, MyLeadSystemPRO.

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