How Entrepreneurs Think Differently
Bill Gates. Steve Jobs. Jeff Bezos. Henry Ford. All of these people have one thing in common: they were entrepreneurs who changed the world. Bill Gates and Steve Jobs gave us the software and the hardware that made the personal PC possible. Jeff Bezos revolutionized e-commerce. Henry Ford introduced the assembly line and the 40-hour work week. There are many more successful entrepreneurs, all of whom had something in common otherwise: their way of thinking.
A representative from the Fort Collins Wedding Association says, “Entrepreneurs think differently than most people, and this often is the reason for their success.” What are some of these ways?
Failures Are Opportunities
Many people see failure as a setback and focus on the emotional disappointment that stems from it. Entrepreneurs, on the other hand, look at failure as a learning opportunity. Failure gives an entrepreneur valuable information about what went wrong and how it can be done differently next time to ensure a better chance at success.
Competitors Provide Research Opportunity
Some people view competitors as a threat. Entrepreneurs tend to see competitors a little differently. By taking a look at your competitor’s business model, it gives you unique insight into how your brand is different. This new perspective can allow you to brainstorm how to embellish why that uniqueness is better and include it in your marketing campaigns for your brand.
Entrepreneurs Utilize the Bird in Hand Principle
Entrepreneurs crave action. They don’t wait for the perfect opportunity to present itself. Instead, they take what they already have available and take action. They rarely begin with concrete goals, and this allows them to be flexible enough to handle any contingency. This also allows them to act when an opportunity presents itself.
Entrepreneurs Are Passionate
They have to be passionate. They give their whole selves to their idea, often building their businesses from the ground up. Building a business requires great personal sacrifice, so passion about what they’re doing is a necessity. Steve Jobs, Jeff Bezos, and Henry Ford were all passionate about their dreams, and threw themselves, body and mind, into their work.
Perfection Stalls Progress
Many entrepreneurs fail the first time because they’re searching for the idealized vision of their idea. However, perfection can stall progress. When you’re so busy trying to make your vision perfect, you often fail to see the big picture. Make sure the big picture is solid, and you won’t have to worry that the details aren’t perfect.
Bill Gates and Henry Ford have something else in common besides being two hugely successful entrepreneurs. They’re both credited with inventing the automobile and the computer, respectively. This isn’t remotely true – but they did bring both to the masses, which is a feat in and of itself. Many entrepreneurs go down in history, not for what they invented, but how they revolutionized a previous invention. Many owe that to their way of thinking that made their product stand out.