In many entrepreneurial circles, the term “entrepreneur” has been taken to mean someone who is self-promoting and who is unhappy with being in business. But the truth is that the entrepreneur is always “in business” whether you are looking at him from a transactional perspective. The entrepreneur’s very existence is contingent upon the self-motivation of others. If he was not self-motivated, then there would be no entrepreneur.
Any entrepreneur that has made it to the point of having started their own business has done it over the span of several years, either through the entry-level teaching in an ordinary college or through some sort of regular school system, not unlike your local public or private school. At that point in their life, most people with entrepreneurial skills will have an entrepreneur mindset – that is, they will possess the “personality traits” that can help them attain their goals and desires.
When the entrepreneur has arrived at this point, they are not just an extraordinary person but also one that is in touch with their competitive spirit. It is through this competitive spirit that the entrepreneur attracts others to join him in business. He is constantly looking for ways to make his products and services better – he loves competition and cannot survive without it.
And through this competitive spirit, it is the entrepreneur that begins to form ideas for new products and services that will hopefully become successful and profitable. While the process may be slow and may be painful at first, in the end, there is no stopping the entrepreneur in his quest for success. And so he will succeed beyond anyone’s expectation.
Now while the entrepreneur may begin with the mentality of making money from a business that he started, he will often find that as time passes, this business can become more profitable than the first one. This is because it is through the innovations and improvements of the first business that the second business will succeed.
In fact, the entrepreneur’s business may eventually become so successful that it can easily outgrow its owner’s limited investment. So long as it continues to be innovatively made and products are made in such a way that they attract others to join in business with them, the business will continue to prosper.
But this all depends on how much the entrepreneur will risk in the process, both in his initial venture and in the succeeding ones, and how much he is willing to sacrifice for his company. But the entrepreneur will also realize that the beauty of the entrepreneurial mindset lies in the fact that it enables the entrepreneur to focus on making business deals that are mutually beneficial, rather than focusing on things that may seem to be unprofitable.
In order to have an entrepreneurial mindset, you will need to be willing to accept that the business you are in is not necessarily the only business in town. This is one of the unique qualities of the entrepreneurial mindset. That is why the word “entrepreneur” seems to be taken to mean someone who is too focused on making more money.
You will never find the entrepreneur in a small business. Even if he does not make as much money as he should, he still has the entrepreneurial mindset that drives him to continue to try new things, to be creative, and to continue to try to innovate even when the first idea that came to him doesn’t work.
But because the entrepreneurial mindset is only found in those that are willing to take risks, you will find the entrepreneur in businesses that offer a higher risk than that which he has previously undertaken. This is because he is continuously thinking of ways to improve his business. The entrepreneur is not necessarily looking for ways to make money in the business, but rather for ways to help increase revenue.
This is what any business owner wants to see – increased revenue – and it is what he must continue to find if he wishes to be successful. With this being said, it is up to the entrepreneur to decide how he will run his business so that he can find the right balance between focusing on his business and seeing how it can be of greater benefit to others.
