Tips For Developing An Entrepreneurial Mindset

Tips For Developing An Entrepreneurial Mindset

If you’re ready to take the next step and start working on your entrepreneurial mindset, here are some practical tips to help you get there:

  • Surround yourself with entrepreneurial people: They say we are the average of the 5 people we spend time with the most, so make sure you are surrounded by people who inspire and challenge you.
  • Lee: Reading is like having conversations with people from whom you can learn a lot of interesting things.
  • I also recommend “The 4-Hour Work Week” by Tim Ferris; “Rich Dad, Poor Dad” by Robert Kiyosaki; “Think and Get Rich” by Napoleon Hill; and “Passion for Entrepreneurship” by Andy Freire. They are very good readings to break paradigms and change the way you think and work. If you know of another interesting book on the subject, feel free to recommend it in the comments.
  • Go out and sell: A great way to develop various skills of great importance to entrepreneurs is to start selling. Suppose you have a product of your own, great. If you don’t have it, find someone else’s product and make an agreement to receive a commission for each sale. The better your sales skills, the more business you will be.
  • Take action: The best entrepreneurship course you can take is to take your idea and start executing it. It doesn’t matter how many books you read or how many courses you take; if you don’t take action, you are wasting valuable time. No matter how much advice they give you, there are lessons that you will only learn through falls and blows.

Conclusions

Even if you start a business, there may still be paradigms in your head that prevent you from becoming a successful entrepreneur you want to be. It is important that you work on developing an entrepreneurial mindset that allows you to successfully meet the challenges posed by the business world.

On the other hand, there is nothing wrong with having a job; the wrong thing is depending on it and developing a mentality of conformity that prevents us from reinventing ourselves and constantly growing. Remember: Look for clients, not bosses. Even as an employee, you can build an entrepreneurial mindset and add greater value to the companies you work with.

What other key do you consider important to start thinking like an entrepreneur? What other interesting conclusion do you draw from this article? Leave your comments and contributions on the subject.…

Tips To Face Covid-19 With Your Business

The Covid-19 or Coronavirus is one of the most challenging situations that humanity has had in recent years, not only in terms of health as we already know, but also social and economic, touching absolutely everyone in one way or another, and those of us who have a company has put us in front of strong decisions.

The panorama

Today, the world is almost entirely stopped by the confinement measures, different sectors of the economy are paralyzed, and those that can operate are at half speed or less.

In addition, due to the uncertainty, to this is added the instability of the stock markets worldwide and the volatility of oil prices due to the so-called oil war that we have in the middle; this affects all countries, especially to those who are highly dependent on income from this resource.

This situation is uncertain, until when will it be?

We do not know, but in different parts of the world, they mention that during April we will have an idea, and there are already authorities and scientists talking that the measures of social isolation should be at least until June, I am more on the side of these predictions, and I think that will extend.

Therefore, this has different consequences, companies that are not operating or those that are at less than half speed will have to have enough oxygen (money) to support their operation for at least 3 months, either with their own capital or financing; otherwise, they will have to downsize, lay off employees or in the worst case, close.

This mixture of situations or ingredients will, unfortunately, bring an economic slowdown, which will imply a recession, leading to a decrease in circulating cash, reducing private demand, further affecting companies and affecting employment.

The outlook we have is not easy, and it will be quite hard in the short and medium-term …

Both in terms of health and economy, today’s world is different from what we knew a few months ago, so we must prepare to face it; it is not time to sit down and cry, but to gain strength and see how we fight adversity because out of problems and difficult situations, opportunities also come.

This is why we have the following recommendations for entrepreneurs when facing this new world of the Covid19 era:

Rethink your business strategy

What we had in mind at the beginning of the year as a business strategy, we must throw it away; it is time to rethink and be sure that the business strategy is configured for the new world we are facing.

Focus

A great lesson from the strategy is that you should focus your efforts, and in times of crisis, you should do it even more, so freeze or close non-essential projects and focus on what is most important to your new strategy.

Control costs

It is time to close the tap, both personally and in the company, you must have detailed control of the costs of the organization, always keeping in mind that you will have to make some sacrifices, even personal.

Costs such as rent, try to talk with your landlord and reach an agreement while you are not using the office; I know businesses that have requested from no charge, up to 50% of the rental value, or you can simply propose to pay the months that you do not you used the office from the moment the situation normalizes.