Entrepreneurial Mindset: How to Think Like an Entrepreneur
Updated: Jul 6
Sometimes it seems like the best time to be an entrepreneur is about 3am.
The middle of the night, when we're jolted awake with a big idea. But then, we can't get to sleep.
We spend an hour lying there coming up with how we'll roll out this game-changing, industry-disrupting, creatively brilliant idea.
We get to the end of the thinking, self-satisfied and assured that we are just days away from taking over the world!
Then...because we were up in the middle of the night, we hit the snooze alarm, sleep more, and wake up in a rush, needing to dive headfirst into the day, with no time to firm up those plans.
Then, one day rolls into the next, and nothing gets done. BUT! What a time that 3am brainstorm was, right?
Unfortunately, this is all too common. The entrepreneurial mindset seemingly never rests. Ideas come at the strangest time, and the ability to actually execute those plans never seems to come.
I can vividly recall once having an idea that I was absolutely positive would change how businesses engage online. That was about ten years ago.
It turns out other things got in the way, Amazon became a billion-dollar business, Shopify took off...and I had nothing more than a napkin with some sketches on it.
Entrepreneurial Mindset Strategies
Fortunately, the entrepreneurial mindset is exceptionally valuable and can be maximized with some easy-to-implement strategies.
Instead of waking up exhausted, late, and completely overwhelmed, the idea is to flex your mind muscles. You want to actually work on a system that will not only allow you to get things done but to strategically work on the how, why, and when.
It's sort of like planning a great dinner.
We can all agree a gourmet, homemade meal is usually fabulous. But, unfortunately, if you forget to thaw the steak, buy the wine, and marinate the vegetables - when you go to make the meal, it's going to be challenging to make.
That's when the take-out menu comes out.
Set The Table Approach
As entrepreneurs, we need to make sure we "set the table" for our ideas, so when they come, we have a strategy to make them extraordinary, practical and bring them to life.
If a brilliant idea floods my mind and it's not an opportune moment, I'll post it in my notes on my iPhone.
Later, I'll review the idea and decide where it fits. Is it in alignment with this quarter's objectives? If not, I place it in the 'backburner' folder and revisit the genius concept, along with my other genius ideas, at the end of the quarter.
The funny thing is, often, when I bring out these world-changing thoughts later, I realize they were doomed from the beginning!
Let's say it does coincide with my present goals. I've disciplined myself to let it sit for at least 24 hours. Then, if I wake up and still feel pumped about it, I review my OKRs - objectives and key results measurement, and decide where it fits in.
You know we entrepreneurs love our shiny objects, so this tactic will help you stay on course.
Let's not forget the entrepreneurial mindset is what keeps us active, engaged, and excited - it's just that sometimes we have to make sure that our ideas end up like a frozen steak or missed morning alarm.