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October 8, 2008 ( PowerHomeBiz
) - Austin, TX --
The entrepreneurial mindset is a distinct way of thinking, like an genetic
mindset, that produces extraordinary results. That's why I say that an
entrepreneur is a different type of "species", if you will. The mindset I am
talking about is instinctual and in my opinion has more impact on
professional success than education, connections, good looks, or money.
(news continued below)
Instinct is, by definition, "An inborn pattern of behavior that is
characteristic of a specific species."
However you define it, most agree that there's something "different"
about the classic entrepreneur. My intention is to help people everywhere
understand these unique characteristics, and develop them. They're valuable
for anyone; business owner, employee or manager. In fact, Jack Welch
commented recently in Business Week, "In the end, pedigree is less important
than the entrepreneurial nerve…that's needed to succeed."
Here's a quick look at the 11 Killer Instincts of Entrepreneurship:
1. The Solution Instinct: This is about ideas and always seeing them.
It's about seeing new opportunities while traveling, shopping, or working.
Seeing problems and potential solutions to those problems is at the heart of
valuable ideas and business models.
2. The Detective Instinct: This is about fact-finding and due-diligence.
It's about letting go of the emotion and excitement of a good idea and
taking a venture-capitalist approach. This instinct is something that keeps
one constantly assessing how a business model will work, scale, and succeed…
without personal bias.
3. The Great Communicator Instinct: This is about connecting and
constantly selling. It's a constant awareness that every point of
communication matters. Whether communicating with partners, investors,
vendors, employees, or competitors; every communication is an opportunity to
strengthen your company.
4. The Youthful Genius Instinct: This is about doing what you love. When
we were young, we dreamed big dreams and showed glimmers of what we might
become. Tapping into the expectation of our youth is central to successful
entrepreneurship.
5. The Entrepreneurial Heritage Instinct: This is about how our heritage
can reveal some or our natural gifts. What has your family and ancestors
been successful at already? Exploring your roots can help one tap into
opportunity. There is a reason why many families pass along entrepreneurial
success and create "dynasties" of their own.
6. The Risk-Taker Instinct: This is about going out on a ledge. No risk,
no reward. It's a fundamental factor of business building or almost any
major endeavor. Finding the calculated balance of risk and opportunity is
key.
7. The Work-Horse Instinct: This is about paying the price. Doing
whatever it takes. Those "overnight successes" usually require at least 5
years of hard work and incredible sacrifice to get there.
8. The Thick-Skinned Instinct: This is about being tough. Resilience,
optimism and a positive mindset reside in every great entrepreneur. The
fundamental key to success in attaining goals? Never give up.
9. The Flexibility Instinct: This is about being willing to change.
Emotion and pride must be removed from the process while building a business
and paying attention to the best route to take. The right path naturally
eventuates; if you're willing to recognize it and take it.
10. The Human Instinct: This is about people. Attracting the best people
is more important than the business model itself. Treating people well,
leading well, and serving with care is a fundamental reason why anything
worthwhile should be built in the first place.
11. The Knowledge-Quest Instinct: This is about constantly learning.
Reading, thinking, listening, observing, absorbing, and applying is a
hallmark trait of a great entrepreneur.
These are unique instincts and in my experience, everyone possesses at
least a touch of each of them. And it's my observation that every natural
instinct can be discovered, uncovered, and developed by anyone interested in
doing so.
Look within and uncover your entrepreneurial instincts. You'll find that
your personal ambitions and goals will rapidly progress, improve, and
materialize.
Read more at the Northstar Thinktank Blog:
http://entrepreneur.northstarthinktank.com/
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Jeff Chavez is the President and CEO of Northstar Thinktank, a
division of Northstar Ventures, Inc. Jeff has raised millions from investors
and launched several multi-million dollar companies over the last 15 years.
He is a successful author and educator, and has made numerous public
appearances including CNBC's "The Big Idea" with Donny Deutch.
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