Entrepreneurial Mindset

Running Head Entrepreneurial Mindset 0
Entrepreneurial Mindset

Entrepreneurial mindset 1
Contents
Introduction......................................................................................................................................1
Characteristics of Entrepreneurial mindset......................................................................................1
Identify and exploit new opportunities............................................................................................2
Conclusion.......................................................................................................................................5
Reference.........................................................................................................................................6

Entrepreneurial mindset 2
Introduction
An entrepreneurial mindset is the set of skills, behavior, and attitudes of an individual who are
passionate to achieve success personally and professionally. Mindset is the ability that
entrepreneurs have and their criteria of expectations, attitudes, habits, decisions and the opinions
that an entrepreneur looks in them. An entrepreneur thinks in a way in order to identify
opportunities to create new value in life (Higdon, 2005). It includes an ability of risk-taking,
flexibility and adaptability, ways of creative thinking and innovative, problem-solving skills,
critical thinking. An entrepreneur has an ability to carry out innovations, new production
methods, new product, new market, and a new organizational principle.
Characteristics of Entrepreneurial mindset
 Openness to trying new things
It is an essential characteristic of an entrepreneur to have an open mind to test the new
methods and means which will determine the direction of a business. For inventing new
products and services it is important to have an open mind to do the experiments and
have the ability to bring new ideas.
 Creative mindset
It is important for an entrepreneur to see things differently. It can be for any new products
or any new process which is to be adopted. An entrepreneur has to grab the opportunities
in market by create something to attract the customers. A creative mind of an
entrepreneur helps in achieving success. Creativity helps in attracting more customers
towards the products or services.
 Seeing and creating opportunities
It is important for entrepreneurial mindset to have creative thinking, and make innovative
strategies and for creating success it is essential to find the right measures. It is necessary
to maintain a positive attitude for getting the opportunities to learn and improve (Haynie,
et al, 2010). An entrepreneurial mindset needs an individual to deal with the problems
creatively. For solving the problems also an entrepreneur has to find new ways for
solving the difficult problems and handle with the innovative way.
 Decisiveness