Do You Have the Entrepreneurial Mindset?

My people want to become entrepreneurs and some even feel that they are hard wired for it. In a recent post on the blog “What’s Next Gen Y”, Carol Roth wrote a post on the entrepreneurial mindset. She poses some interesting questions and makes you ask yourself why do you want to start in the first place?

Many will say “to make more money” or “to have more freedom” but in the end it is about seeing a customer need, wanting to fill it and believing that you are the person to fill that need and build a company to serve that need.

Here is a excerpt:

“Unfortunately, most of the reasons that people start businesses are myths based on a gross misunderstanding of what it means or what it takes to be an entrepreneur.

So, what are some good reasons to start your own business?

There’s a customer need! We have more products and services available to us than we would ever want or need, which makes today’s entrepreneurial landscape very different than it was just 50 years ago. If there is a gap in the market that customers are desperate for a solution to and willing to pay for, that’s a darn good reason to start a business. Remember, Ray Kroc didn’t start McDonald’s because he was bored or unfulfilled; he did so to meet a customer need!”

You can find the rest of the post at http://www.whatsnextgeny.com/good-and-bad-reasons-to-start-a-business/

This entry was posted on Monday, May 3rd, 2010 at 8:00 am and is filed under Business Development, Entrepreneurs, small business. You can follow any responses to this entry through the RSS 2.0 feed.


You can leave a response, or trackback from your own site.