Looking Inside The Mind Of The Start Up

The Startup Business Mindset Installing a Sense Filter without Removing Creativity and Hope in Times of Economic Uncertainty Updatesmallbusiness.com 2009

WHAT MAKES THE ENTREPRENEUR TICK? UPDATESMALLBUSINESS.COM

“… small businesses are also a

mainstay of the nation’s economic

and social fabric. While they are

responsible for about half of U.S.

GDP, they create between 60 and

80 percent of America’s net new

jobs. They are also a fount of

inventiveness and innovation, as

well as the time-honored pathway

of immigrant success.” The Small Business Advocate December-January 2009

Entrepreneurial Motivators and Traits

Creativity, Independence, Freedom, Family, and Friends Money…sometimes… Greed Updatesmallbusiness.com

Obstacles to Entrepreneurial Success

Fear, lack of knowledge, indecision, lack of funds ….

Greed and….More fea r Updatesmallbusiness.com

Typical Entrepreneurial Solutions

Creativity, Independence, Freedom, Family, and Friends Money…sometimes… Greed

Sound familiar? It should, it is part of what makes an entrepreneur tick.

Updatesmallbusiness.com

What has changed?

The economy is terrorizing the hearts of many…..

And instilling massive fear

Immobilizing the Entrepreneur

Fear makes hurdles seem insurmountable. Fear creates doubt and indecision. Fear creates a narrow mindset; looking for safe, easy solutions in order to hang on to a dream. When the road gets narrow, it becomes easy to get swept up with the herd. It becomes easy to want magic bullet solutions. Updatesmallbusiness.com

The antidote to fear

Action. Not herd action. Herd action is contrary to entrepreneurial thinking. The antidote to fear is informed decision making and then taking action . Updatesmallbusiness.com

Keeping Creativity in Tact

Entrepreneurs who are bent on taking action will find creative ways to get things done. They will evaluate the best use of their time and outsource tasks that are time intensive or require specific knowledge or expertise. They will not get bogged down by trying to do everything themselves. Updatesmallbusiness.com

Adding a sense filter

Cutting back but not shutting down. Deciding to grow your business while your competition is retreating. Spending your time, energy and money wisely. Updatesmallbusiness.com

Hope in Times of Economic Uncertainty

Square One revisited again…..

Creativity, Independence, Freedom, Family, and Friends

Money…but no… Greed Updatesmallbusiness.com

Being the Boss

Being the boss doesn’t mean being alone. You are not confined to a box. Being the boss means making smart decisions and being able to authorize actions. It means getting the help and information you need to do it right.