What Does Business Mindset Mean?
A business mindset is a thought process that enables and allows you to uncover problems and see them as opportunities that you can turn into a business/startup. It is having the understanding that all things around you are the result of a person having an idea, finding a way to make it work, and then executing it.
Here are 16 business hacks that I believe will if implemented in everything you do, dramatically improve both your life and business. Read on to learn more.
1. Believe in your business and in yourself
According to Wesley Virgin, founder of Overnight Millionaire
, you must be resilient and consistent when building your idea if you believe it is the next big thing. While most of the things you build often won’t succeed, ultimately, your losses will soon add up to become a win based on what you have learned.
Wesley did not just put out his idea, Overnight Millionaire
, and start making millions a year. It’s a process that took him taking action to reach where he is today – a journey that was full of hardship, struggles, and failures. Challenges are a necessary part of the process of achieving success.
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2. Always Be Three Steps Ahead ImprovEffect
Founder, Jessie Shtershus says that she always follows her. According to her, while she does not play chess, she would think of every opportunity she has three steps ahead in all directions. While something might look like it would benefit you right now, there’s a chance it won’t be beneficial to you in the long run.
I love the comparison between playing chess and entrepreneurship. In business, you must always think ahead. While thinking about what’s happening at the moment is essential, it’s important you also think about what will happen three or four steps from the action you take today.
Expecting one action to be your winning ticket in the entrepreneurial world is unrealistic. As an entrepreneur, you must think long-term. You need to have a vision of where you’d like yourself or your business to be in the future.
3. Start with the Hardest Thing
According to Baremetric
founders, Josh Pigford, the hardest thing needs to be the first thing you go after. Chances are there’s nobody else willing to start, and if there is, it’s very few people. As an entrepreneur, you better get yourself acquittanced with the uneasy feeling of not having an idea of what you are doing.
Whether it is writing a book, launching a product, or getting up on a stage to speak, we tend to see other people doing it and assume, falsely, that they have always been good at it. What most of us forget is that they started somewhere, and it probably wasn’t a rosy start. The only way to learn about running a business, or even anything about business, is to start your own company or startup. >>OVERNIGHT MIND-HACKS SECRETLY USED BY THE RICH & FAMOUS...<<
4. Think Both Big and Small
According to Bradley Steven, LLC Formations
CEO and founder, it is important that you learn to think both big and small. To run a business, you need to follow the same direction as your big actions and small, day-to-day decisions.
Once you’re on your way, you’ll find that you are mostly occupied with the little things, which can sometimes be very tedious. And while that’s the case, you still have to get them done.
It’s this ability that defines who you are as an entrepreneur. At times, you have to do the small things that need to be done, even if you are not so good at them and do not like doing them. But then, if necessary, you still can take a step back, look at your business’ bigger picture, and give directions, so your overall vision is met. This is the kind of mindset hack you need to harness to run a successful business.
5. Be the Creator and Master of Your Own Luck
According to Healthy Body Healthy Mind's
, Alessandra Kessler, lucky people do not necessarily get more advantages than others. The universe does not favor them; they are simply putting themselves out there by creating meaningful connections that often end up leading to opportunities that benefit them. Luck is like creating mathematical probabilities that you are going to get or achieve what you want.
When starting a business, you know there is a chance it might fail; the important thing is that do not worry about that – and that is how you nurture a business mindset. You probably will have to create five businesses before one succeeds. The important thing to keep in mind is that we define our luck with the actions we take and the decisions we make.
6. Develop a Growth Mindset
Guy Kawasaki, a New York Times bestselling author and entrepreneur, advises that if you believe you are set to a certain level of accomplishment and capability, then you will never be able to achieve more. If you want to accomplish more in life, you better start believing that you can do better and get better.
Having a growth mindset is vital for any entrepreneur looking to be successful in the business world. You need to believe that you can learn to do anything by yourself by pushing yourself and trying new things. The growth mindset has been further validated and explored by Carol Dweck in her book “Mindset: The New Psychology of Success.
7. Take the Path Less Traveled
Jon Stein, the founder of Betterment
, knew for a long time that he wanted to start his own company but found walking away from a guaranteed paycheck very hard. And that made him take longer than he liked to pursue his passion.
To overcome his obstacle, he says that he drew two lines and compared his options – one being working for big established institutions that paid well (predictability and stability) and the other being pursuing his dream.
The second line involved thinking about what he would expect as an entrepreneur – bootstrapping a business, not getting a salary for several years as he tries making ends meet, and the uncertainty of not knowing what the future holds.
While this is not something most us would even think of doing, it is a business mindset a lot of us need to have if we want to succeed. As an analytical person, Job modeled and planned out his potential paths. One path promising the stability of a job and a constant salary, which is obviously predictable.
It’s worth noting that the company he founded isn’t a simple business in an easy market. He decided to try his luck and stay in the cut-throat banking and investment world. While this market is incredibly difficult, that’s where his passion was and was willing to bootstrap his company for a couple of years because he was comfortable with the idea.
There’s no wrong or right approach here – the main thing is that you follow your heart, that which feels right for you. Take time to figure out what drives you and take a leap. The path least traveled often leads to success.
8. Take on a Journey You Will Not Mind Spending Your Life Traveling ONTRAPORT
CEO and Founder, Landon Ray, says that you need to be confident in yourself. Appreciate where you are and the fact that you are a complete person with everything you need to succeed in life.
A serial entrepreneur, Landon, is a person with unparalleled perseverance. At 25-years old, and with his father’s help, he managed to shift himself from being an ordinary street flower vendor to becoming a top securities day trader.
After some time on Wall Street, Landon used his personal experience and team-building skills to create a suite of products that echo his passion for supporting and educating entrepreneurs.
Landon is an inspirational and motivational example of how entrepreneurs can deal with impostor syndrome. When most people start to experience success, they sometimes start to think that they do not deserve it. Prior to this stage, many entrepreneurs read books written by established or famous entrepreneurs that they consider natural-born entrepreneurs.
However, it’s worth noting that there’s no such thing as a natural-born entrepreneur. Each one of us has in them the ability to step up and achieve the things they want as long as we’re committed to doing so. As an entrepreneur, you need to be aware of the fact that your success and position in life are a result of your efforts and actions.
9. Your Startup Will Never Be Any Worse that It’s Today
According to Andrea Lake, the Founder of Sticker Junkie
, many people make the mistake of counting their achievements too soon. A lot of people think they’ll be rich the first day their site goes live online. However, you need to have a different perspective. Remember, the day your website goes live, it’ll be at its worst. It is the worst offering you will ever have considering that you’ll keep on improving it from that point onward.
The moment you launch anything, be it a new service, product, entrepreneur podcast, or blog, you want to be its best. However, our pursuit of perfection often leads to us not launching our dreams because, in our eyes, they don’t yet meet our expectations.
Most people tend to think that whatever they are doing is a failure, even when they’ve just only started. As an entrepreneur, accept the fact that you are probably going to suck at the start, but you are probably going to get better as time passes. This is the kind of mindset that builds successful businesses. Just remember that whatever you publish or do today, it’s the worst it’ll ever be, and you’ll continue to improve and nurture it.
10. Do Not Let Failure Drag You Down
According to bestselling author and entrepreneur Seth Godin, there’s a difference between struggling with failure and failure. To him, struggling with failure is a choice. If you accept that those who fail the most win, you can also agree that putting enough effort into anything that fails is key to succeeding in it.
While failure is inevitable in life and in business, we, somehow, seem to be well-equipped to deal with it. It’s something we start dealing with right from the moment we learn to walk since falling is part of the learning process. Children fall over and over again but still stand up every time and try again. Giving up isn’t an option.
The same applies to business. To be successful, accept your failures and try again. As an entrepreneur, remember that failing helps us get better at we do.
11. Have a Positive Vision for Your Startup or Business
According to Brian Smith, the founder of UGG Boots
, no one becomes something straight from nothing. On your journey to the top, you will meet obstacles, and you must climb over them if you want to get to the next level of your journey. As you continue to grow, expect to meet new challenges. However, the important thing is that you find a way to overcome them and move forward. Someday, you will look back and realize that you’ve come a very long way. Success in business is all about overcoming the different obstacles you meet along the way and never giving up.
In business, as is in life, there’s no such thing as smooth sailing. However, keep this in mind – when you fall trying to climb an obstacle in your path, you land back to the level you are currently on. You do not have to start all over again. That’s just how life is – everything around you seems to be going smoothly until something unexpectedly sideswipes you.
The use of plateaus here is fitting when describing a successful business mindset considering that you always fall back to the level you are on – the biggest struggle is trying to get to the next level. However, once you manage to jump the hurdle, you are safe. The only problem is that now you have a new obstacle to face.
12. Be Bold Enough to Do Bold Things
Failure in business is an opportunity to be seized. If you have never failed in life, then you will never truly know what success tastes like. This is according to Nellie Akalp, the MyCorporation.com
founder. Nellie further explains that you will find it hard to make informed decisions. While she’s not perfect and has made mistakes as a person, an entrepreneur, and a small business owner (and will probably make more), she’s used them as an opportunity to learn and become successful. As an entrepreneur, you need to develop a similar mindset.
When something does not work, try changing things up to see what works. The standard definition of insanity is irrational – doing the same thing again and again and expecting a different result. As business owners and as human beings, we sometimes get stuck in our own ruts – doing the same things again and again without thinking about it until something happens.
When Nellie saw that her business was about to go up in flames, she changed up a few things and realized that forty-percent had been added to her bottom line.
Sometimes, doing bold things – not just when you are about to go out of business but also in life – is necessary. Try out new things and contemplate where these actions could take your business. Even if you are doing just fine, you still could do something new, something bold. Worst-case scenario? You go back to doing the things you were doing there before. Don’t you think it’s worth a shot?
13. You Do Not Need Anyone’s Permission to Become an Entrepreneur
When a toddler is learning to walk, they are constantly falling over; however, that does not deter them from trying again and again. They do not say to themselves, ‘that is it, I am done with this. I feel stupid, and everyone’s laughing at me. I guess I’ll just go back to crawling from now on. As Steli Efti, Close.io founder, says, we, humans, aren’t naturally afraid of failing or looking stupid – we get educated into it.
This is one of the best business mindset hacks concerning how to be comfortable with failure. When a baby hasn’t yet grasped the art of walk, they do not stop trying even after falling several times in succession. That goes to show that we aren’t born afraid of failure, but are taught to feel embarrassed by it. Remember this the next time you enter any unchartered territory or want to try a hand at something new.
14. Be Zealous for Your Business and Not Your Market
According to Digital Marketer and founder of, Scott Keever SEO
, many entrepreneurs tend to limit themselves to the market they’re most passionate about. According to Scott, you should be passionate about your business. When he ventured into the preparedness and survival market, he was not so passionate about it. And while he does not even like camping, he knew other people do. In his view, you cannot remove passion from the entire process since there will always be someone more passionate. But that does not mean that it has to be you.
This mindset isn’t just for entrepreneurs. Many business people, and those looking to become a freelancer or start a side hustle, think that they only have to venture into a niche they’re passionate about. However, they then find that their passion does not align with a market that’s hungry for a service/product, or its limiting.
For Scott, his passion lies in business, which means he can enter any niche or market and still thrive. He has what we call a business mindset. Here is an example. If you enter a market that’s easy to build a solid, profitable business, that means you can use your money to buy freedom and time to follow your passions.
15. Highlight Your Fears Instead of your Goals Convince and Convert
founder, Jay Baer, says that many people prefer writing down their goals. However, according to Jay, people should consider writing their fears instead, so they look less-terrifying. When you give your fears and risks some dimension, you realize you actually quite courageous.
While setting goals is a good thing, they can be quite limiting. Once you’ve attained all of your goals, then what do you do next – after all, there’s nothing left to do. Fears, on the other hand, are more inherent – why aren’t you taking action on starting that business, going for your goals, or turning your online business ideas into reality? The answer to this question is that you’re scared since there’s a lot you do not know. One of the main reasons people do not do things is not because they did not set goals; often, it is because they are afraid.
Get a piece of paper and write down all of your fears – all of the things that keep you from doing what you want to do. By creating a ‘fears’ list, you ‘dimensionalize’ you fear, making it easier for you to see the mistakes you’ve made and how fear can be limiting. So, instead of writing down your goals, highlight your fears.
16. Be So Knowledgeable You Become Dangerous
According to Michael Sacca, Rocketship.fm
founder, entrepreneurs need to be so knowledgeable that they become dangerous in all areas. That way, even if someone crosses your path and is not good at what they do, you can easily recognize their weakness. As an entrepreneur, you must learn all aspects of your business. If you do not, it will be hard to delegate since you can’t differentiate the good from the bad.
This is a great business hack for anyone looking to venture into business. Knowing a lot gives you the leverage points need while it helps ensure that you stay ahead of the curve. It’s difficult to outsource anything if you don’t know a thing about it. Obviously, that does not mean knowing everything and being an editor, accountant, and lawyer at the same time. However, make sure you know enough to be considered a danger.
Forget those people who say that you only can do a tiny bit and that you have to outsource. There is no such thing as a 4-hour workweek and outsourcing most of the help you need to manage your business, especially during the initial days of your business.
As an entrepreneur, be ready to dive in headfirst and learn all there is to know about your business. This works best if you want to learn to sell online courses or how you can get your startup on Google’s first page.
When things start picking up, you can then take part in the revenue you have created and the knowledge you’ve earned to hire people to take care of things for you. However, never forget that it still is your business, and it’s still your responsibility.
Time to Implement These Business Mindset Hacks
Having a business mindset will most certainly determine if you become successful in business or if you fail. Fortunately, your mindset is one thing you have a great deal of control over. Pick one of these mindset shifts, adopt it, and start working on it. As you grow more comfortable and confident with that mindset, move to the next one. Push yourself and purpose to be at least one-percent better than you were the day before. Changing your mindset is something you do gradually.
Developing mindsets of success will give you the direction and resilience you need to push through the different ups and downs of running a business. >>OVERNIGHT MIND-HACKS SECRETLY USED BY THE RICH & FAMOUS...<<