What is the Entrepreneurial mindset? What characteristics do entrepreneurs often share?
• An entrepreneurial mindset is creating the conditions under which everyone involved is energized to look for opportunities to change the business model. These might include redesign existing product offerings, reshape markets and change products in novel ways
Common Shared Characteristics
• They passionately seek new opportunities always looking for the chance to profit from change and disruption in the way business is done. They revolutionize business models; examine how revenues are determined, how costs are incurred, and how operations or technology are conducted.
• They pursue opportunities with enormous discipline. And make sure that they act on them. They make investments only if the competitive arena is attractive and the opportunity is ripe.
• They pursue only the very best opportunities and avoid exhausting themselves and their organizations by chasing after every option they go after a tightly controlled portfolio of opportunities in different stages of development.
• They focus on execution—specifically, adaptive execution
• They engage the energies of everyone in their domain. They create and sustain networks of relationships rater than going it alone, making the most of the intellectual and other resources people have to offer and helping those people to achieve their goals as well.