Think Like an Entrepreneur

Whether you have thought about it or not, if you market your services to the marketplace for a fee, you’re an entrepreneur. Some of us market our services to our employers and some of us market our services directly to consumers. Regardless of who buys our personal services, we are the owners of our own businesses and we market our services for a fee.

One of the few times when most employees actually view themselves as entrepreneurs is when marketing themselves to prospective employers. They put together an impressive résumé. They go out and market their services. They put on their best behavior during the interview process as they describe their services with confidence. Then once they get the job, they are back to thinking like an employee.

Who’s in charge of your income and career?

  • If you feel like your employer is in charge of your career, then you will find yourself continuing to be a victim of circumstances outside of your control. However,
  • If you view yourself as someone in control of your career, you will feel like you are also in control of your life.  So goes one’s career; so goes one’s life.

In today’s lesson I want to talk about how an entrepreneur thinks. Then I’ll outline some steps you can take to start that type of thinking. I believe you will quickly see the benefits of adopting the mindset of entrepreneur.

Who are the true entrepreneurs?

  • Entrepreneurs view themselves as people who control their destinies. It’s part of their mindset. When you begin to believe you are in control of the No.1 thing you do in your life, you will begin to feel the power of being in control of everything you do.
  • Entrepreneurs know what needs to be done and do it. They don’t need anyone telling them what to do next. One of the reasons most people fail in being traditional entrepreneurs is because they have been programmed to take instructions from others.  It began as children by our parents and teachers, then it continued as an employee.
  • Entrepreneurs are accountable to themselves for their actions and decisions. They know that their success comes from doing what needs to be done to satisfy their clients/customers. While there may be many things they prefer not doing, they hold themselves accountable and do what needs to be done to meet the needs of their customers.
  • Entrepreneurs know their value to the market is based on their personal brand and the quality and type of the services they provide. Therefore, they are always looking at the refinements they can make to be people of greater value and ways they can enhance their personal brand.
  • Entrepreneurs are always looking at what they can do to bring more value to their customers. They know in the business world income follows value. They know that before they can expect to increase their profits, they must first increase the value of their services.
  • Entrepreneurs nurture their relationships with their customers. They know that in addition to the services they provide, people do business with those they like and trust.

How to develop the entrepreneurial mindset.

1.  Awareness is where all changes begin. Since we are all entrepreneurs, start thinking of yourself as a business owner and your services are what you sell. What can you do to increase the value of these services?

2.  If you are marketing your servicers to an employer, start treating your employer like your most important customer. Build your relationship. Do more than you are expected to do with a grateful attitude. Do the little things that make your employer want to do business with you.

3.  Perform your responsibilities with excellence and never require anyone to remind you of your responsibilities or hold you accountable. Take pride in always doing what is expected of you.

4.  If you work for an employer who does not place the same value on your services as you do, perhaps it’s time to look in the mirror and make an honest assessment of your services. If you feel they are not appreciated, then perhaps it’s time find a different employer (customer).

5.  Always project a positive business image from the way you dress to the way you conduct yourself. Remember, you are an entrepreneur and your brand is what people will buy. What can you do to increase the perceived value of your brand?

When you begin to adopt the mindset of an entrepreneur, you will feel a rush of adrenaline as you begin to see that you really are in control of your income and career. If you are an employee, you will quickly become every employers dream employee.  Are you ready to lead?

If you’re an entrepreneur, please take a minute and share in the comment section below this post other important aspects of an entrepreneur’s mindset.

You have everything to gain by starting to think like an entrepreneur and nothing to lose. Start today!

About the Author: Todd Smith is a successful entrepreneur of 30 years and founder of Little Things Matter. To receive Todd’s daily lessons, subscribe here. All Todd’s lessons are also available on iTunes as downloadable podcasts. (Todd’s podcasts are ranked #27 in America’s top 100 podcasts and #1 in the personal and development field.)

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  • Iddiomaro
    for the first time i think i have been well educated on what to do as an enterpreneur
  • I am glad you found this post helpful! Thanks for your comment. Todd
  • Vobrooks2525
    Love it!!!
  • Thanks!
  • Janelle Helling
    Indeed, a fresh perspective on this issue. Thanks for turning the looking glass in a new direction.

    How would the elements be seen in terms of a non-profit? Is the marketplace the prospective donors? Or the grant providers? Or co-operative agencies? All the above?
  • Hi Janelle,

    Great questions.

    To me it's real simple. I give my best to whatever I do. Whether I am volunteering to serve the homeless meals, coaching my son's little league team or building my career, it's all the same...I strive for excellence.

    Adopting the mindset of an entrepreneur as outlined in this post, offers value in every part of our lives.

    Todd
  • Hazman
    I love this post! So positive and full of encouraging messages! For the last 2 months I have been thinking positive, working hard, and giving 100% in everything I do, currently I am working 30 hours a week, while studying Marketing with Finance at University, and working on a website to hopefully become an authority in the health and fitness niche! There is one problem I am having recently, and that is motivation to work on my website, I started off really well for 2 months, and then my motivation dried up, and now I just need some guidance on how to get back on track, and how to get the mental juices flowing to get more ideas to be unique!...Would love the help from such great people!
  • Hi Hazman,

    You have the same problem as everyone else. I have seen thousands of people start pursuing a dream, then give up. You just have to decide if you are going to continuing being like everyone else OR if you are going to be different.

    I believe it's a simple decision. Are you going to persevere and achieve your goals or are you going to be a quitter?

    Let me encourage you to read three posts:

    Do You Have What It Takes? (May 26th)

    Consistency Wins the Race [July 27, 2010]

    Personal Accountability—A Requirement for Life Advancement [October 7, 2010]

    Remember this quote from Jim Rohn, "Success comes from a series of good decisions made over time, while failure comes from a series of poor decisions made over time."

    The choice is yours.

    Todd
  • Thanks Todd,

    I have owned and operated a tech services company in Hawaii since 2005. I have never looked within and had the perspective that you are explaining..wow, I am enlightened.

    Thanks!

    Scott Smith
    CEO,CTO
    consolidated solutions
  • HI Scott,

    I am glad you found value in my post.

    Thanks for sharing your comment.

    I wish you the best in your business endeavors.

    Todd
  • DavidCookPottery
    Todd, I'll tell you, I Am so grateful to have been introduced to Little Things Matter. This site ALWAYS has such good, positive, encouraging things to say. I appreciate it and you so much. Keep up the tremendous work. We are all better off for it. These thoughts today smack of being your best, serving your best, telling your best (truthfulness), living your best, perhaps even loving your best. Being the best you YOU can be. What more can we ask of anyone, especially ourselves? Our best, every day, is what we deserve, what others deserve, and the only way to live to show what HE deserves.
    Blessings.
    Dr. David A. Cook,
    Salisbury, NC
  • Thanks David! I appreciate your thoughtful words. Todd
  • Donna Brewer
    Good evening Todd, this was a great lesson. I think you summed it up nicely," if we think like an entrepeneur, and act accordingly, we will become one. I'll never forget the old addage " dress for success always when dealing with your potential customers. We may not all be beauty queens or dreamboats when it comes to looks, but dressing in a professional and tasteful manner always will cause one to stop, look, and perhaps listen to what we may have to say. Have a wonderful evening, Donna Brewer
  • I love what you wrote! I think I am going to share it on Facebook and give you full credit. :-)
  • Djacksonsmith
    Todd,

    Great post ... reminds me of why I enjoy being an Entrepreneur ... because going to work everyday for yourself is the most rewarding life I can live. More importantly I thought your suggestions for those currently employed to start thinking like an Entrepreneur was excellent ... because if anyone who works for someone else were to act like an Entrepreneur more than likely they would be rewarded and respected more than they can imagine, since most employers are searching for employees who take ownership in their work product and contribution ... just one more reason your insights can change someone's life for the better today ... all they have to do is try it!

    Thanks,
    Jack
  • Morning Action,

    I agree that any employee who would adopt the mindset I listed, would be rewarded and respected more than they can imagine.

    Have a great day

    Todd
  • Good perspective on the subject. If we looked at it this way everybody would realize how responsible we are for our results and move away from an entitlement mindset.
  • Ernesto- You are exactly right. It amazes me how many people have the entitlement mentality. Todd
  • As an employee, I really liked the part of your post "start treating your employer as your best customer." That make so much sense.

    Thanks for sharing!
  • HI Katie,

    You seem like a gal game for a challenge. Do me a favor and start treating your employer like your most important customer for the next week. Start looking at your co-workers as employees of that customer that you want to have supporting you as an entrepreneur. Please report back in a week or two and tell me how things are going. Will you do it?

    Thanks for your support.

    Todd
  • Hi Todd,

    very interesting article. The same holds true for salespersons. Everybody knows that we need to sell ourselves regardless if we're parents, president of a country or school teacher. But - who wants to be a salesperson ?

    So everybody knows that we're entrepreneurs in "our own businesses" - but who actually wants to be an entrepreneur, that means fufill the requirements you list perfectly in your post ?

    I would add one aspect regarding the definition of "entrepreneur" and that is that entrepreneurs know how to use leverage to their advantage and not to their detriment.

    Thanks again for sharing your insights that are always - and that's true: always - worth being shared with the world.

    Take care

    Oliver
  • Hi Oliver,

    I agree we are all salespeople. That will be a future post.

    Thanks for your contribution.

    Todd
  • Hello Todd,
    This is a great mindset lesson. These five little steps are pivotal in proving that we all are Entrepreneurs.

    “A good Employee doesn’t cost you money, they make you money. A good Entrepreneur makes more money by taking advantage of good Employees. So who are you?”
    – K.J. Kilroy Was Here!

    A Better Entrepreneur develops fellow Entrepreneurs instead of Employees. Great People follow Leaders not companies. Great Leaders find People better than themselves. A Great Entrepreneur orchestrates this synergy into providing continued evolving value to a loyal relationship marketed customer base.

    Follow Me Follow You,
    Kevin J. Kilroy
  • Morning Kevin- Thanks for your contribution. Great people follow leaders, not companies. Love it! Todd
  • Love the concept of treating your employer like a client/customer! It's a win-win for everybody.
  • Hey Robin,

    If people would actually start treating their employers like their customers, it would be a HUGE win-win. That was the one point in this post I hope people really internalize.

    Thanks!

    Todd
  • I think that while no one is actually born an entrepreneur, the undeiable fact is that entrepreneurialism is more about the essence of the spirit of a person than anything else he or she may possess.


  • Anna- Thanks for your contribution. It is a spirit. Todd
  • Nicole Gruenke
    Todd,

    What a great article, especially for an Entrepreneurial Studies student like myself. I haven't started my course work yet, so when people ask me what exactly I'm working towards I've never had a clear answer, other than that I want to be a business owner. Now I have more to say, and more to keep in mind as I start my job/internship search.

    I always enjoy reading your articles and look forward to what your next lessons will be. I really do appreciate the work you put into this blog, as do many other people I'm sure.

    Thank you,
    Nicole
  • Hi Nicole,

    I think it is awesome that you are an entrepreneurial studies student. You don't want to get in a hurry to start any business. When you're ready, make a list of all your options. Do your research. Know the biggest risk is what you don't know, you don't know. Form a mastermind team and gather the views and opinions of others. Be sure to look at the risks carefully. In that list of risks are the mines. I wish you the best.

    Todd
  • Todd,

    Great article. It's very interesting to look at anyone in the job hunt as an entreprenuer. Your daily post is always an encouragement! Thanks for sharing such valuable insight.

    Best regards,
    Chris
  • Hi Christian- Thanks for your thoughtful words. They mean a lot. Todd
  • Excellent encouraging morning message. I learned that I am accountable to myself and personally responsible for the decisions I make. It is up to me to be on task. It is up to me to be organized and clear. It is up to me to make the phone calls, set the appointments, and be in sync with my personal brand.
  • Hi Nelson- What a great mindset. That's the mindset of a winner. Todd
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