Entrepreneurial Process
Entrepreneurial Mindset and
Entrepreneurial Mindset
and Entrepreneurial
Process
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MINDSET
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What is Mindset
Mindset refers to a set of assumptions, methods This phenomenon is also sometimes described
or notations held by one or more people or as mental inertia, “groupthink” or a “paradigm”.
groups of people.
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ENTREPRENEURIAL MINDSET
Mindset
What is a Mindset
According to Carol Dweck, An
American Psychologist, there are two
types of mindset:
1.Fixed Mindset
2.Growth Mindset
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Fixed Mindset
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01 02 03
People believe that They spend time They believe talent
their basic qualities documenting their alone creates success
like intelligence or intelligence instead – without effort.
talents are fixed. of developing them.
Growth Mindset
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01 02 03
People believe that This creates a love All great people
most basic abilities for learning and usually have these
can be developed resilience that is qualities
through hard work - essential for
brain and talents are accomplishment.
just starting point.
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Can a Mindset be changed
Although people may differ in every which way-in their initial
talents and aptitudes, interests, or temperaments BUT
everyone can change and grow through application and
experience.
The passion for stretching yourself and sticking to it, even (or
especially) when it's not going well, is the HALLMARK of the
growth mindset. This is the mindset that allows people to
thrive during some of the most challenging times in their lives.
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Entrepreneurial
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Mindset
A state of mind which orientates human to conduct
entrepreneurial activities.
Entrepreneurial Mindset
People with entrepreneurial mindset tend to take interest in:
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New value
Possibilities Innovations
generation
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PRESENTATION TITLE
ENTREPRENEURIAL MINDSET
Ways to develop entrepreneurial
mindset
Improve
Accept
Stay at the present moment
Value your network
Celebrate the success of others
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Improve
• An entrepreneur never assumes
that he knows it all.
• They are always curious about
new things, for innovation,
improvement of their capabilities.
• They want to become higher
and higher at what they do and
who they are.
• They accept what they are
lacking and they try to develop for
capabilities to become expert in
their field.
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Accept
• Entrepreneurs are cautious about their emotional battles and avoid stressing about
matters that they can’t control.
• This is a releasing feeling, which can assist anyone to concentrate on the critical matters,
which they are able to really do something positive about, now not on the things, which
they are able to manage.
• Successful human beings look for the possibilities inside the troubles, no longer the
alternative.
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Stay in the Present moment
• Successful entrepreneurs by no means obsess approximately the beyond errors:
they learn from the past and flow on.
• Successful entrepreneurs deal with the present moment
Past Now Future
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Value your network
• An entrepreneur struggle to construct a
strong community and assist system and
price all their connections.
• They are equipped to enlarge their
community and support their connections
with other those who can encourage,
inspire, advocate or mentor them and vice
versa.
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Celebrate Success of others
• Entrepreneurs help different people to obtain their desires.
• They are happy to see that other human beings be successful, due to the
fact entrepreneurship is all approximately achieving something superb that
may be useful for anyone, no longer only for one individual
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ENTREPRENEURIAL PROCESS
Entrepreneurial Process
The Process of starting and running one’s own business
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New Venture Planning
• Business Plan
• Marketing Plan
• Financial Planning
Yearly Analysis
Market demand
Competitive analysis
Financial health assessment
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