Disruptors The Entrepreneurs Mindset (Top 10 Traits of the Greats) [Business, mindset, entrepreneur, disruptors]
Welcome to another episode of The Disruptors Podcast! Today, Rob gets beyond the popular and cliched buzzwords to break down what it really means to be an entrepreneur and the necessary traits someone needs to embody to become a successful one. Rob details the importance of accepting things like risk, failure, the knowledge that you will be a forever student, and the fact that being an entrepreneur can be a lonely business. He also points out the need to always be striving for growth, developing your self-awareness, and turning negative energy into positive output.
Key Takeaways:
The official definition of an entrepreneur: A person who sets up a business, taking on financial risks in the hope of profit.
Rob’s real-world definition: A person who solves problems for profit and growth and creates products, services, and solutions that matter, make a difference, and make money.
The most important traits that an entrepreneur needs to embody:
- Have an increased appetite for risk.
Being an entrepreneur means not only accepting that risk is an unavoidable part of the job, but actively increasing the amount of risk you are willing to take on a given project or idea.
- Be prepared to be uncomfortable, explore the unknown, and try to predict the future.
No one likes being uncomfortable, but entrepreneurs have to be prepared to grow out of their comfort zone and constantly put themselves out there and market themselves knowing that there is no guarantee of success. But they also need to predict the future somewhat and have the conviction to sell a product before it is finished.
- Strive for growth and progress.
Entrepreneurs need to have relentless energy, both for growing their business as well as for the mundane tasks they don’t want to do. They need to learn how to be excited about solving problems.
- Be prepared to test, tweak, and experiment, rather than be a perfectionist.
Entrepreneurs are able to go ahead with something even if it isn’t perfect because timing is everything, and they understand that it can be more efficient to tweak and experiment as you go instead of taking forever to make something perfect and missing your moment. They can learn from failure.
- Be prepared not to know it all...yet.
Because good entrepreneurs understand the value of starting now instead of waiting to learn everything there is to know about something, they are also prepared to be a “forever student,” and always be learning, improving, and growing.
- Be able to develop self-awareness.
Self-awareness does not come quickly or easily, but part of it is understanding that all these traits, including self-awareness, are skills that can be learned, that you don’t have to just be born with. The self-aware entrepreneur can give an honest assessment of their strengths and weaknesses and move forward from there.
- Be able to embrace letting go.
There’s no way you’ll be able to develop your business and scale up if you try to do every single thing yourself and don’t learn to delegate smaller, administrative tasks to your team.
- Be prepared to deal with being and feeling alone.
You’re supporting your team, you’re taking on the risk, so it can feel like there’s no one to support you. It’s normal to feel alone, doubt yourself or wonder if you’re making a huge mistake. But a good entrepreneur finds a way to work through it and, instead of balling it up, shares it, either with a mentor, group, or peer community.
- Transcend what people say and think about you.
A truly motivated entrepreneur can not only ignore the trolls, haters, and rejection thrown at them, they can take it and let it fuel them, giving them the motivation to keep moving forward. You must learn to feed on all kinds of energy, positive and negative, and turn it into something productive.
- Convert a passion into a profession, and a problem into a solution.
Employees take what other people have thought of and created and done and then execute it accordingly. An entrepreneur is the one who creates these things first for employees to use later.
Best Moments:
“I think an entrepreneur solves problems for profit and growth and creates products, services, and solutions that matter, make a difference, and make money.”
“If you want to be an entrepreneur, you have to accept the fact that you have to have an increased appetite for risk. No one’s paying your mortgage, no one’s looking after you, and you have to embrace that and that can be scary.”
“Lack of growth is not just standing still, it’s decaying.”
“You’re prepared to get perfect later, you’re prepared to start now, and you’re prepared to never know it all but you’re good enough starting out and you’ll figure it as you go.”
“If you want to grow in scale, you have to let go, you have to leverage, you have to lead.”
“Convert idea into an income, passion into a profession, a problem into a solution, or a pain into a product.”
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
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