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Importance of Long term and determinant goal

#Entrepreneurmindset #Mindsets

What is entrepreneur’s mindset? Why not all entrepreneurs have similar mindset? Why lot of small businesses doesn’t survive longer than 3 years? Does all businesses start with an idea?

Lot of entrepreneurs have the hunger and the fire to make a difference. That is the single factor that make them distinct from others. They work hard, long, put a lot of effort, juggle a lot of things alone and will have the drive to keep going.

The major issue is channeling that energy and drive into a long term determinant goal. In business, ideas change all the time based on the market feedback. The entrepreneurs that succeed are the ones that has a long term goal. In pursuit of that goal they put their energy, drive, tenacity. Since they have that long term determinant goal, they won’t give up. A long term determinant goal provides the required focus and determination to keep going even during hardest of times.

Not all businesses start with an idea. Some business start with an opportunity, some get started with frustration in some other parts of the business owners life, most of the business owners fall into a business. These people lack the tenacity to accomplish greater things – because of lack of clarity of their long term goal.

#smallbuisness # #clarity

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Are entrepreneurs and small business owners the same?

Ever wondered the difference between small business owner and entrepreneur?

Both are used interchangeably a lot but there is a huge difference. Entrepreneur can be a small business owner. However, small business owner doesn’t need to be an entrepreneur. Let me explain. Entrepreneur brings value to the market where as small business owner offers value to the market. Therefore, small business owner doesn’t need to create value as long as he knows there is value in something then he can offer that to the market. Small business owners primary motive is profit where as entrepreneurs’ primary motive is creating value.

Entrepreneurs are insatiable creatures. Their hunger is to make a difference in the world the best way they know possible. They may fail 100 times but they will try again 101th time to make a difference. Because they are not driven by profit they can’t see any venture as black or white.

#smallbusiness #smallbusinessowner #smallbiz #entrepreneuer #entrepreneurship #entrepreneurshiplife