With the changes to the job market in the 21st century, business ownership looks a lot more attractive. You have more control and you can do something you truly enjoy.

It's also a popular choice of vocation. According to the statistics, there are around 582 million entrepreneurs globally.

Yet not everyone is ready to handle entrepreneurship at first. It can be stressful and lonely if you don't develop an entrepreneurial mindset.

Read on to learn how to do that and boost your resilience.



Set Goals

It's hard to know what success looks like if you don't define it. One way to define success is to set yourself goals. Whenever you hit a goal, you've succeeded.

Set goals for what you'd like to achieve in your business. Don't make them too easy or you'll get bored. You also won't get the chance to develop useful skills.

Don't make them too unachievable or you'll give up. Find what seems like a comfortable goal, and move it slightly. This will help to stretch you on the way.

Develop Mental Toughness

Resilience will be your entrepreneurial superpower. Everyone makes mistakes or has bad judgment calls.

What marks you out as an entrepreneur is how you bounce back from them. Remember that mistakes are part of being human.

Mistakes also activate your stress response. This makes it impossible to react in a balanced or rational way.

One trick to develop mental toughness is to see mistakes as opportunities. Let's look at Coca-Cola as an example.

In 1985, they announced they would change the formula of their famous drink. They hoped to boost the waning interest in their brand.

A few months later, they reversed the decision following thousands of complaints. They renamed the original version 'Coca-Cola Classic'.

The marketing mistake threatened to destroy the brand. Yet they admitted the error and reversed it. This revitalized interest in and love for the brand.

Be Accountable

It's critical that you take responsibility for your actions. As an entrepreneur, things stop with you when things go wrong.

Wanting to make excuses or defend yourself is natural. Humans don't like to make mistakes in case we're thrown out of the group. Entrepreneurs need to ignore that and take accountability for issues.

You also need to fix the problem. Once you've done that, you can figure out how it happened so it doesn't happen again.

Stay Open to New Ideas

When you become an entrepreneur, keeping an open mind is crucial for your success. You need to spot new opportunities and be willing to take a gamble.

You'll also need to learn to listen to those around you. You don't always need to come up with the best ideas, but you do need to learn to recognize them.

Can your team see a better way of doing things? Give it a try. If it doesn't work, you can always change things back.

This also has the added advantage of building strength and trust within your team. A good entrepreneur knows they're not building their business alone.

That's How to Build an Entrepreneurial Mindset

You can start developing an entrepreneurial mindset straight away. Apply these principles to your own life today.

Then check out the types of business available to you. Owning a franchise is a great way to get started.

Contact us today to get our help in finding the perfect franchise for you.