Employee Mindset vs. Entrepreneur Mindset

by | Dec 27, 2010 | Entrepreneurship, Mindset

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Many small business owners and entrepreneurs got their start as an employee. They worked for someone else. The problem is, if you’ve been an employee for a long time, it can be hard to shake off the shackles of the employee mindset.

What do I mean?

When you have an employee mindset, you are more likely to look to others to tell you what to do. You’ll find it hard to take responsibility for the success and failure of your business. You see, as an employee, you have no say about how the business is run. You just work hard to prove your value so that you can stay employed.

However, when you are an entrepreneur or business owner, you think much differently. Basically the buck stops (and starts) with you. You are responsible for the success and failure of your business. And you are the one who makes all the big decisions (including who to delegate smaller decisions too!).

To find out if you are thinking like an employee or an entrepreneurs, take this quick quiz:

  • Do you limit your tasks/duties to a subset of what is needed for your business to thrive?
  • Do you base your lifestyle on your income?
  • If a financial setback occurs, do you shrink your budget to accommodate the decrease in income?
  • Do you consistently seek outside advise to make even day-to-day decisions?

If you answered “yes” to most of these questions, chances are you have an employee mindset. Here’s why those with an entrepreneur mindset would answer “no.”

Do you limit your tasks/duties to a subset of what is needed for your business to thrive?

Entrepreneurs know that sometimes they have to do tasks in their business that are “above” or “below” their skill level. Their attitude is if it needs to get done, get it done and they are not averse to rolling up their sleeves and getting their arms wet.

Do you base your lifestyle on your income?

Entrepreneurs will seek to grow their business, expand their product line, and diversify their services when financial setbacks occur. They don’t let themselves become or remain a victim of financial circumstances.

If a financial setback occurs, do you shrink your budget to accommodate the decrease in income?

Entrepreneurs pay themselves first. They focus on bringing in the income that supports the lifestyle they desire and invest the rest into their business. That said, they are also aware of and accept the momentary sacrifices that might need to be made in order to accomplish a goal.

Do you consistently seek outside advice to make even day-to-day decisions?

Entrepreneurs manage their time and take responsibility for their activities. Although they may seek out mentors to guide them to increased growth, they are in control of their daily activities and don’t need someone else to tell them what to do or motivate them to do it.

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