Tuesday, January 17, 2012

Do You Possess The 3 Pillars of an Entrepreneur Mentality?

By Richard Meaden


Having the right mindset is critical to learning to be a successful business person. The right mindset is similar to the footings of any property, it must be rock solid before you build on it and create something of great benefit. In this article I will briefly detail all of the 3 pillars of a winning entrepreneur mindset.

You will need to know and have an understanding of them all should you wish to become successful, but you will also need to ensure you possess every one of these characteristics. They're often known as MAD, an acronym for Means, Ability and Desire.

Your Means to Succeed

Having the means to become successful is all about finding the assets. Sometimes it is the use of capital (self backing or from external investors), having access to a labour force, having access to manufacturing, even having the energy and time. To produce something beneficial and lucrative it always takes some form of resources, so make sure you have easy access to the one's you need.

Your Ability to Do Well

Acquiring the ability to become successful is mostly about becoming mentally and physically able. It's about knowledge and ongoing learning. It needs to be your primary goal to persistently find out everything you can about being an entrepreneur, planning, organisation, effective time management, goal setting and achievements, the list goes on. What's promising at this point is that a lot of people have the ability to succeed, even if they do not know how, you only need to learn.

Your Desire to Get Good Results

Getting the desire to become successful is in my opinion the important concern. If you have this particular one it's possible to find the means and improve your ability. With no desire there isn't much reason for having the means or ability, you won't make use of them. The fact that you're reading this article now suggests to me that you have already got the desire, or at a minimum are purposely seeking to develop it. I'm sure you're fine with this one.

Maybe You Don't Possess These Characteristics

I need to point out that all 3 of the previously mentioned pillars are required for becoming successful, two out of three just is not adequate here. When you have each of them, terrific. If you don't have them yet, you already know what you must do. You must do something right away on any of the pillars you really feel you're poor on.

There are various components to becoming a successful entrepreneur, which you may contract out. Even so, MAD qualities are all special qualities which you'll have to possess yourself. They should not be outsourced. As mentioned before desire is the most vital attribute and with it others can be found. If you do not already have the desire to be successful it's quite a challenging characteristic to acquire.

I developed the desire after reading books about successful entrepreneurs so if you're without desire you may well be in a position to strengthen it by reading through some motivating books on the subject of other peoples achievements.




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