The Top 10 Characteristics of the Entrepreneurial
Mindset
In their book, The
Entrepreneurial Mindset, Rita Gunther McGrath and
Ian MacMillan offer insights on the characteristics
of successful entrepreneurs in today's fast-paced environment. They encourage
us to stop acting by the old rules and start thinking with the discipline of
habitual entrepreneurs:
1. Action-oriented
2. Able to simplify
When
you are moving fast, complexity only creates confusion and delay. A huge part
of becoming an entrepreneurial leader is learning to simplify complexity so
your co-workers can act rapidly and with self-confidence.
3. Passionately seek new opportunities
Their
greatest impact occurs when they create entirely new business models - how
revenues are made, costs are incurred, or operations are conducted.
4. Pursue opportunities with enormous discipline
Most
maintain an inventory of unexploited opportunities which they revisit often.
5. Pursue only the very best opportunities and avoid
exhausting themselves and their organizations by chasing after every option
6. Ruthlessly disciplined about limiting the number of
projects they pursue
7. Focus on execution
They
execute, that is, they get on with it instead of analyzing new ideas to death.
8. But it's adaptive execution
They
are able to change directions as the real opportunity, and the best way to
exploit it, evolves.
9. Engage the energies of everyone in their domain
10. Engage the energies of everyone outside their domain too
They
create and sustain networks of relationships rather than going it alone. They
make the most of the intellectual and other resources people have to offer and
help those people to achieve their goals as well.
About the submitter:
This piece was originally
submitted by Susan Dunn, M.A., Clinical Psychologist,
Copyright
2000, 2001, 2002 by Thomas J. Leonard. May be distributed if full attribution is given and copyright notice
is included.
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