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Inside Kendall

How to Think Like an Entrepreneur

Many people dream of becoming their own boss, but in order to become a successful entrepreneur you’ll have to think like one. If you’re ready to make the leap from being an employee to being a business owner, utilize these methods and learn how to think like an entrepreneur:

How to Think Like an Entrepreneur_rszd

    • Take more measured risks, and become comfortable with taking risks. Entrepreneurs know that big risks mean potential rewards and potential failure, but you’ll learn just as much from your mistakes. Get outside of your comfort zone, pitch an idea in our Business Incubator, and take a class that scares you.

Risks for risks’ sake can be reckless – according to Inc. the best type of entrepreneurial risk-taking is calculated based on both logic and emotion. Don’t act out of fear, but don’t discount your trepidations to a new idea. Take everything into context before making a decision, and then don’t look back.

    • Only pursue your greatest passions. This is one unifying attribute of entrepreneurs – they honestly assess their life and make big changes to ensure they are following their passions and interests. There is no time limit to when you can change the course of your career – as this roundup of successful entrepreneurs demonstrates, some CEOs and business owners didn’t decide to quit their day job or enter a new field entirely until their 40s.

Evaluate your circumstances – are you happy where you are? Is there something you’d rather be doing with your life?

    • Stay determined in the face of adversity. Once you’ve made up your mind about what you want to do, resolve to follow through. Don’t allow setbacks and speed bumps to deter you.

Roadblocks can act as valuable learning tools that teach you something unexpected about your business. As Forbes attests, the key to overcoming critical issues is exercising your creativity and reassessing your goals. Successful entrepreneurs see their decisions through to completion but are able to process new information or feedback.

    • Take time to brainstorm and look at problems from a new perspective. Entrepreneurs that are household names are known for their innovation – when they saw a workflow problem or an aspect of life that caused frustration they thought outside of the box to find a practical solution.

As Entrepreneur.com points out a successful entrepreneur doesn’t hold to their business model rigidly, and is always open to outside perspectives and ideas to reshape how they do business. Keep both ears open and draw inspiration from any and all sources.

Of course, the best way to think like an entrepreneur is to earn a degree in business. Pursue your higher education at Kendall College and you will develop your natural abilities to think, problem solve, and innovate on a global level. Become a business student at Kendall to learn what it means to be an entrepreneur.

 
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