Having an entrepreneurial mindset while building a digital business

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”

– Steve Jobs, said this, and it should hold true for us.

Choosing to be an entrepreneur & business owner is fulfilling, but having the right mindset is very important in our digital world today, where changes are happening faster than clicking on the latest social media post.

SO today I want to cover some important aspects of having an entrepreneurial mindset in this digital age, so make sure you stay tuned for the 5 big tips I share!

Want to watch the video where I explain this? Click here

First though, what exactly is an entrepreneurial mindset?

It is really a way of thinking that enables you to overcome challenges, be decisive, and accept responsibility for your outcomes.

If entrepreneurship is the practice of creating, developing, and running your own business, then an entrepreneurial mindset is the mode of thinking that helps you achieve those goals.

It is a constant need to improve your skills, learn from your mistakes, and take continuous action on your ideas.

When it comes to running a successful business, the right mindset can be just as important as hitting sales objectives or producing sustainable business models. And absolutely imperative is to not be afraid of failure, in fact learn from your mistakes fast and adapt so you can move forward.

“Anyone who has never made a mistake has never tried anything new.” – Albert Einstein

With, 89% of all companies having already adopted a digital-first business strategy or planning to do so, having a digital business mindset is also key to thriving as an entrepreneur right now. And there are some key things we learn from working in the digital world, and can use to adapt our mindset.

So my 5 key tips are:

1. Digital entrepreneurs have a flexibility mindset and need business agility.

The Digital age means the idea of how business is being done, is rapidly changing, and old habits or practices or success don’t always hold true anymore.

As John Maynard Keynes said. “The difficulty lies not so much in developing new ideas as in escaping from old ones“.

Then you need to be nimble enough to be able to adapt to the changes and implement the new strategies.

2. Develop digital hustle & understand the worth of having digital assets.

“Build it and they will come” is not an option anymore.

You need to know what they want and need before they do.

Digital work isn’t about cold calling and just putting your business ads out there. It needs strategy, psychological finesse & subtle selling.

It’s a skill that is sometimes called growth hacking. Growing your business with small budgets but smart and innovative hustle can be done.

And then pair the digital marketing & sales with actual digital products on top of your current portfolio of assets/ products or services.

Digital assets are becoming the new treasure trove. Web traffic, email lists and your social networks are part of this mix. And managing them correctly and building them successfully takes know-how and very clear understanding of your customers’ needs & online behaviours.

3. Digital Entrepreneurs know that they need to give away their ideas for free.

In the past giving away any of your ideas for free was seen as foolish and dangerous.

The risk was perceived as the donation of your “intellectual property” to your competitors. But yet many digital businesses have proved this myth to be false.

Sharing your ideas builds credibility and trust.

Revealing the idea is one thing but executing it is another. The rude truth is that your ideas are not that new and your competitors already know. Now teach your clients, because the more worth they see in you, they are going to realise they actually can’t do it all themselves, and will come to you for the final sale.

4. Embrace digital marketing & THE benefits it can bring you.

We know marketing has a very intangible ROI, but when done right, the long term benefits are massive.

And a lot you can do yourself if you know where to look. But doing it RIGHT is why you might need to speak to some experts. Even doing a strategy session with Digital Marketing specialists can help you get onto the right track for your business growth and potential.

Ok, so did you know only 9% of entrepreneurs have a Bachelor’s Degree in business, which means learning from taking action, experience & getting things done is the best school to help you get to the success & results you want.

So let me know in the comments, how many of you want to start a business, but feel you don’t have enough. Enough money, enough education, enough experience…

What do you think it really takes to be a successful entrepreneur?

So number 5 of my top 5 ways to help you cultivate an entrepreneurial mindset is to not hoard intellect and work with others who are smarter than you…

This means that they Use the smartest minds.

The old model of all your employees being on the payroll and under the same roof has started to disintegrate.

Tools such as Zoom, Google Docs and Dropbox have provided the tools for global business. Meaning you don’t need your smartest minds to occupy a desk nearby or even your country, it also means you can collaborate & work with different people, in different industries with different levels of experience & expertise.

And this idea isn’t just in relation to your team, but also your competitors and potential partners or collaborators.

Working on your own and being independent is great but there is a problem. It takes time to scale, and time to get it all right and build your audience.

The digital access to everything means you have easier access to the right business partners. Business partners that can accelerate your growth are often already dealing with your potential customers. Working with them can transform your revenue. Which means “Co-opetition” is the new black of marketing.

And with this comes the adoption of the right tools & software. A key word also being automation, and we have a video coming soon where Esmari talks more about digital automation for your business, so make sure you are subscribed to our channel to know when that video is live.

To end off, I want to leave you with this quote from David Karp, founder and CEO of Tumblr

“Entrepreneur is someone who has a vision for something and a want to create.”

What do you want to create?

Ok, that is it for me and sharing my top 5 tips for having an entrepreneurial mindset, and to recap, they are

1. Digital entrepreneurs have a flexibility mindset and need business agility.

2. Develop digital hustle & understand the worth of having digital assets.

3. Digital Entrepreneurs know that they need to give away their ideas for free.

4. Embrace digital marketing & THE benefits it can bring you.

5. Use the smartest minds & don’t be afraid of co-opetition.

And if you maybe need help with business coaching so you can apply all the tips I shared today, or need that strategy session to help get you started the right way for your business, head on over to our services page to book a Coaching or Strategy session with us.

We look forward to hearing from you, and helping you build the right solutions for your business!

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