About 600,000 new businesses start up each year in the United States, but only about half survive past five years. By 10 years, over two-thirds have closed. To succeed, entrepreneurs need to develop an entrepreneurial mindset by creating a clear vision, building confidence, and learning to persevere through obstacles. Creating an inspiring vision involves planning for the future, seeking feedback, learning from other examples, and applying the vision strategically. Building confidence requires reviewing achievements, seeking support from partners and mentors, continuous learning, rewarding accomplishments, and presenting oneself professionally. Persevering in the face of challenges involves maintaining a positive outlook, managing stress through self-care, and balancing work and personal life.

2. About 600,000 new businesses start
up each year.

3. Only about half survive for five
years. By the ten-year mark, more
than two-thirds have shut their
doors or their websites.

4. If you want to join the ranks of the
successful, you’ll need to be
prepared.

5. You’ll likely have to raise capital and
assemble a winning team.

6. You’ll also need to develop an
attitude that will help you to
overcome the obstacles to
becoming your own boss.

7. Learn the secret to cultivating an
entrepreneurial mindset, starting with
these 3 key ingredients.

8. Creating Your Vision

9. Your business starts with conjuring
up a vivid image of what you want to
accomplish.

10. Focus on your
purpose and goals.

11. Your vision statement provides
inspiration and defines who you are.

12. Using these strategies will help you
develop your vision...

13. 1. Plan ahead.

14. Your mission is about the present,
while your vision describes your
future.

15. Think about where you want to be in
5 or 10 years.

16. Dare to dream big.

17. 2. Welcome feedback.

18. Invite other stakeholders to participate in
the process.
That could include customers,
employees, and other entrepreneurs.

19. 3. Study other examples.

20. Crafting the language for your vision
statement is a big job.

21. You need to say a lot in a few
words.

22. Make it as simple and powerful as
possible.

23. It helps to look at what other
companies have done, from giant
corporations to small shops.

24. 4. Make it relevant.

25. Your vision takes on real value
when you apply it to your daily
activities and business strategy.

26. Integrate it into your decision
making and culture.

27. Building Your Confidence

28. If you want others to believe in you,
you have to believe in yourself.

29. Boost your confidence with these
techniques...

30. 1. Review your
achievements.

31. Give yourself credit for your
successes.

32. Just making an effort counts too.

33. Put together a portfolio of your work
that showcases your talents.

34. 2. Seek support.

35. Find partners who share your vision
and collaborate with them.

36. Attend networking events and stay
in touch with your personal
contacts.

37. You may also want to work with a
mentor or a coach.

38. 3. Continue learning.

39. Evaluate each experience to see
what it can teach you.

40. Share your knowledge and
expertise with others.

41. Read books about entrepreneurship
and your industry.

42. Go back to school or earn
certifications online.

43. 4. Reward yourself.

44. Celebrate your victories.
Pat yourself on the back or give
yourself a tangible treat.

45. Take a day off or buy concert
tickets.

46. 5. Appear professional.

47. Appearances matter.

48. Stand tall and breathe deeply.

49. Stay calm under pressure.

50. Speak slowly and decisively.

51. Style your hair and wear clothing
that flatters your figure.

52. Persevering through
Obstacles

53. In order for your business to thrive,
you’ll need to keep going in the face
of setbacks and unexpected
changes.

54. Some studies have found that
perseverance is even more
important than talent.

55. Keep these tips in mind...

56. 1. Think positive.

57. Look on the bright side.

58. Wake up with a smile and make a
list of the things that you’re grateful
for.

59. 2. Manage stress.

60. The early days of any business can
be filled with financial pressures and
self-doubts.

61. Deal with tension constructively.

62. Exercise regularly and talk about
your feelings.

63. Relax with a warm bath or
instrumental music.

64. 3. Maintain balance.

65. Many small business owners work
twice as long as regular employees.

66. You’ll be happier and more
productive if you pace yourself and
pay attention to your personal life.

67. Looking Forward

68. Being an entrepreneur gives you the
opportunity to work where and when you
want…
…and design a career that aligns with
your values.

69. Regardless of how much money
you make, you’ll gain valuable skills
and enjoy the satisfaction of
pursuing your dreams.

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