Entrepreneurship undoubtedly has become a hot topic all around the business world. Individuals take a certain kind of pride while relating themselves to their respective entrepreneurial ventures. It now decides the future of the strongest contenders in the market.
It is believed that whenever you desire to become a part of a great adventure or want to relate yourself with some big aim, there must be something which comes from the inside. A specific trait or that magic makes up the part of the person’s nature and this is what ultimately decides the future of a person.
A universal fact
It is in human nature that we always strive hard for ventures where our personal interest is attached. You cannot expect to prosper in any field unless you lack that basic sense or a minimum amount of information about what you are actually getting yourself into.
This is accurate when we talk about entrepreneurial thirst. It never comes from rigorous training or thorough lessons which are given in the classroom. It is something that is there from the very start. A unique sense of creating a name that resonates louder and for years in the world.
Entrepreneurship and your mentality are interrelated
It looks like a very extraordinary property to be related to entrepreneurship. However, it is a fact that the interest to be an entrepreneur is highly based on the way you want to lead your life by creating something phenomenal that can make you rise among your peers.
When we look at the success stories of the champions of the entrepreneurial world, it is always their effort that seems unbelievable to us who are spending a trivial life surrendering before the corporate world. This is where the boundaries are clearly marked between us and them.
Difference between a successful entrepreneur and the common lot
They are not the kind of people who stay at a place for a long time, doing trivial things just the way everyone else is spending their days of life. The most commendable thing about their nature is that these people are rebellious from the very beginning. They defy the conventions and want to create their own places at points where no one else has reached earlier.
This comes right from their inner potential. Unlike others, they are confident in themselves and their skills. This makes them prone to any kind of criticism. At the point where we are shutting ourselves for hours just because of the fear of judgment, they shun this kind of feat. They just have one target in mind and therefore they work hard to turn that into a concrete reality that ends right when they achieve their destination.
Wondering, from where all of this comes?
There is no magic in their bones or no ambrosia fed to them to make them prone to any personal havoc. They are humans like us but the only difference is in their thought patterns. They are someone who believes in the power of productivity, the magic of creation is what forces them out of their comfort zones. There is a certain entrepreneurial mentality existing in them that makes their dreams a reality.
What is an Entrepreneurial spirit?
Talking about that strange power that forces them to work for their goals passionately is what we actually called the entrepreneurial spirit. It is an agent of change. It does not accept waiting for others to create or innovate things that will later on the shape the face of the world but believes in actually shaping up things for changing the destiny of the world.
An entrepreneurial spirit is an act of thinking about the ways through which you can not only gain but give a lot to this world. A lot of times, there is a certain misconception regarding this spirit. It is usually believed to have a certain kind of passion associated with the act of setting up a certain kind of business.
Unveiling a truth
Since the business world is all about the act of obtaining profits and minimizing loss, the mentality of people has been crafted into a way that associates entrepreneurship spirit to this as well. However, the reality is the polar opposite to this.
The spirit comes from the belief of taking resources from the world, not for the sake of individual benefit. This is exactly what the corporate culture demands. The reality of entrepreneurship is different from corporate politics.
Needs for being an agent of change
You need to have the skill or the potential to be an agent of change. You have this understanding from the very first step of the journey that there is a certain kind of talent hidden in you which can make the world a better place to live, easing up not only your lives but millions of lives through it. This is the real kind of change. The real spirit of entrepreneurship is becoming a beacon of change for others.
You must be wondering about the agents of change intending to revolutionize the world with their skills to make the world a place of awe amidst the corporate environment prevalent everywhere. Well, certain people are there. You all have seen them. The people who have done big things for this world by using their skills in the very right manner.
Traits ensuring entrepreneurial spirit in the champions of the business world
Some specific traits make them an exception out of ordinary. There is a certain kind of gleam in their eyes that makes them stand tall in front of the challenging world and accept the fact that they are here to fight their battles with zeal and innovation. Certain characteristics make them the persons they are.
Let us take a look at the deciding factors which approve of them carrying the rarely found threat of entrepreneurial spirit in their souls. It might be possible that some of these traits or all of these traits exist in you but you have never seen yourself in the mirror which we are going to show you today.
- They have a mentality to change the world with their ideas.
- They have a positive mindset about risks.
- They value time and opportunities.
- They have unshaken confidence in their potential.
- They are fearless of the challenges.
- They know the power of resources.
- They believe in practical progress.
- Failures can never stop them.
Mentality to change
Think of all the great heroes who have ever existed in this world. You can think of all the heroes not only related to business but in every discipline of life. There must be an unusual character of their personalities that helped them gain the rank of heroes.
Think from Galileo to Stephen Hawking, think of all the fearless leaders of the world to the enchanting personalities. You will find one thing common among all of them and it was the way they thought. It was the realization of being the game changers for this world to make it a place better than before.
Though everyone has a different definition of change according to his/her thought pattern but still change is something that connects them.
A true entrepreneur is no exception to this. Just like the heroes who believed in the power of change by using whatever skills they had, you as an entrepreneur can think of being an agent of change. You need to know that if you have to do big things in the business world, you have to think big. There must be a bigger aim in your mind segregating you from the rest.
Those who have the agenda of change in their minds work according to that. They develop plans and actions which can, later on, ensure change. In entrepreneurship, while the rest work for monetary profits and a success that gains them the reputation of a deity, you have to think of something else.
The spirit of entrepreneurship demands from you that you should have the essence of understanding the metamorphosis of the entire business world and the global world as well with the help of your skills. It is in no one’s hands but yours to become a unique part other than the lot and decide on something which is not centered on capitalism but revolution through skills.
A positive mindset
It is said that positivity is a rare blessing in this world where everything seems depressing because of the competitions that are going stiffer each day. There are a number of things that turn out as nightmares for people stopping their progress and making them doubt themselves.
However, successful business personalities have a mantra of staying positive about the risks which come on the way to their glorious journey. They know that all the troubles and tribulations they are facing are temporary and they will soon resolve with the effective power of their management skills.
This makes them invincible because when they start contemplating upon the fact that every risk they take is an attempt from destiny’s side to teach them a lesson which in turn proves powerful regarding their business.
Positivity can save you from many problems hurdling past your way. You can easily understand that there will be tough times as well alongside the good times but it is totally upon you whether you create a fuss about the risks or try to take the chance just for proving yourself in the face of the world.
The world always runs at the fingertips of those who are positive about making it run after facing every single hurdle with a big smile. If you are avoiding risks for the sake of saving your integrity in the business world in front of others, then it means that you do not have the gut to stay here in the long run because the long runners know that there is no shorter path but the one with risks and challenges at every step.
Valuing time and opportunities
Every day we procrastinate. We get last about completing a number of things at the right time during the fixed duration and this is why we are eventually struggling our best to beat the deadlines. This attitude though can work in the short run but is very harmful to your growth. This is because, in the business world, time is worshipped. Everything is under the control of the ticking of clocks.
You cannot expect to be late here or procrastinate for a very long period. This is because eventually, it will bring you and your company down to doom, and then you would be unable to take any action in real-time.
The champions of the business world know how significant their time is for the commanding of a number of things.
They do not want to lose their position which they have built up after years of struggle. This is why they have a proper time fixed for every venture to complete it real quick. Alongside this, they know how opportunities work over here. One single opportunity can change a life eternally.
Their goal is to avail themselves of the maximum number of opportunities that they encounter on their way. You need to understand the value of time and opportunity here in the business world. These two things can either make you or break you. So, it is better than following the footsteps of the big players of the field, you start valuing these deciding entities.
A confident person is often deemed as a successful person.
This is because confidence alone decides his/her power and lets others accept this. True entrepreneurs understand that their word can get acknowledged based on the way they present it before others. If they are doubtful regarding a certain plan, they can never get acclaimed for that because then the problem arises at the very individual level. This is why having enough confidence in your bucket is necessary.
You need to learn that there will be certain kinds of people at every step of your journey. Some will approve of your efforts while others will criticize you. It is only in your hands to make things work for you by the power of persuasion and having enough confidence which makes others envy you.
Once you will learn the art of mustering up enough confidence, you will see the world turning and applauding for your ideas. This is how the esteemed ones have won in the battle of business and this is exactly how you will prove your worth to the world who is ready to judge you based on the decisions you make.
Fearless of the challenges
Challenges are an essential part of life. No human can expect to reach the destination without coming across some initial hurdles. Every human being goes through the phases of trials. The real power is in standing up after every downfall. You can never expect to get success without going through trials and tribulations. They are a part of shaping up your personality.
In the business world, there are multiple challenges and every one is unique in its modus-operandi. Those entrepreneurs who have weak willpower cannot make it till the end because they start fretting over the response strategies.
Panicking is always a bad response to every situation when you can ponder upon sorting it out calmly.
You should not be afraid of the challenges, rather prepare yourselves for the challenges because once you will start devising solutions concerning the problems of the future, things are definitely going to turn in your favor. This is how the grand setups manage to work efficiently despite the circumstances that test them well. Always think of a backup plan for every action you have planned. This will help you get out of the hard situations at the right time without bearing much loss in the end.
A great entrepreneur is always the one who manages to look for every possible resource that will assist him/her in the completion of a venture. You know that there is certainly going to be a lot of pressure already on your head but the real trick lies in the strategy of solving it.
Once you have constructed an action plan regarding the venture, think of the ways which will take you towards success. Yes, there might be some kind of issues present at the first stage but looking out for the chances to minimize their threatening impacts can be of great use.
Big entrepreneurs know the value of resources. The resources might be available to you because of your skills, your brain with which you can create a situation in favor of you or you can use the power of your social influence.
All you need to remember is the validity and legality of the resources you are using in your project. Hundreds of start-ups fail because the minds behind them are so lazy that they don’t want to go through a lot of scrutinies and end up choosing illegal resources.
This can be very dangerous for the future of your business and your individual identity, reducing any chance of growth because of the fraudulent tactics you choose.
You must have heard that great entrepreneurs are great doers. This implies their approach towards the execution of their plans. A number of entrepreneurs build up business plans every day but the end seems disappointing when they stop working on them because they find it too hard to actualize the plan.
Think to yourself, is there any need for such a business plan? The one which ends up somewhere in the back corners of the office shelves can never make you an entrepreneur worthy of sitting at the throne of the business world.
This is because you are just limited to being a planner merely without developing skills enough to turn the plan into a reality.
This is why you need to cross-check your plan at every step of initial development. The best suggestion is always to devise one such plan through which you can stick to everything or thing. You do not want to fail miserably but if your projects are going to shelves rather than the field, then it is not good news for you at all.
Learning from failures
If you have a vision in your mind, then you need to accomplish that to get successful. It does not matter whether you fail initially because failure is not a bad thing. The typical connotation attached to failure is very discouraging. It makes an entrepreneur think as if he/she has committed a crime that is so deadly.
However, this is just another myth out of the many myths people assume about the entrepreneurial world. You need to learn that it is not always about success. There might be equal failures and that is a totally acceptable thing. It is because things take time to build their roots deep.
If you are expecting growth in a single day without any failure or mishap, then you are not an entrepreneur but a profit-seeker who does not want to gamble over his/her stakes at the price of loss at the end. The market does not always stay the same. Various factors impact the growth in a market.
If you expect to go through every single trend and variation then either you are building your hopes high or you are mistaken about the business world. Failures can serve you as a great teacher on your way where you will be able to get the lessons that are not taught in any classroom.
Always remember that even in failure, some hidden strength lies waiting to reveal itself.
The entrepreneurial spirit is the essence of entrepreneurship. It is the foundation upon which the success of a business lays. As an entrepreneur, you need to learn that the business world is going to expect a lot from you to return the favor of monetary profit and success. The only concern should not be centered on monetary benefit but on the fact of changing lives from your idea. This is how the business world will embrace you with arms open and pockets full of opportunities for you to prove your worth.
The author is an M.Phil scholar conducting her thesis in Literature. As a sucker for literature, she swoons over Greek and South Asian fiction while reviewing books in her spare time. Her love for writing has made her expand her subject matter and now she pens her opinions frequently on business, finance, entrepreneurship, lifestyle, history, and literature. For a special connection with entrepreneurship, she opens up the details occasionally about it.