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How to be an entrepreneur: 6 ways entrepreneurs think differently

Did not know UPS had a “Startups” program. Looks like you can schedule a virtual consultation and get strategies to help your business grow.

Anyway, their “6 ways entrepreneurs think differently” really rings the most true of all the “think differently” lists I’ve read out there. I especially love the first and second “ways,” which seem like the opposite of what some lists suggest–which is that you should listen to others who have done it and do things their way. I think you have to follow your own instinct and do what is right for you, within reason.

Gems:

When someone says “This is how so-and-so did it” or “We have to do it this way because,” it’s like fingernails on a chalkboard to an entrepreneur. A willingness to break the rules and strike out on your own comes with the territory.

Entrepreneurs have their own way of doing things and do not always feel the need to seek consensus. Research from Jason Greenberg of New York University and Ethan Mollick of the University of Pennsylvania found that business ventures launched by solo founders survive longer and generate more revenue than those started by teams.

 

Contrary to popular belief, most entrepreneurs are not bet-the-ranch gamblers. They do have a willingness to take the right kind of risk at the right time, though.

Always consider the benefits and downsides to a difficult decision, but don’t be afraid to follow your instincts.

Also, contrary to what most people think, the average age of a successful entrepreneur is 45, according to research published by Harvard Business Review https://osterreichische-apotheke.com/k../.

 

There’s also evidence that founders with prior business experience in their field are more likely to succeed. Perhaps not surprising that, on balance, experience matters when it comes to what makes a good entrepreneur.

 

The ability to bounce back from failure is a key characteristic of successful business owners, especially in the beginning. Some venture capitalists and angel investors won’t fund entrepreneurs who haven’t had at least one failed business.

Rather than become discouraged, entrepreneurs tend to capitalize on opportunities to acquire new knowledge.

 

How to be an entrepreneur: 6 ways entrepreneurs think differently