Building An Entrepreneurial Perspective – Week 2

For many of us, imagining an entrepreneur conjures up thoughts of an individual who starts a business from scratch and continues its growth. And while this individual would definitely qualify as an entrepreneur, the term is often used far more broadly to describe a person who engages in a wide range of entrepreneurial activities. From purchasing an existing business to helping grow a business (as an employee – you may not even have an equity stake!) by thinking in entrepreneurial out-of-the-box ways, there is a spectrum of activities along the path of entrepreneur classification. But don’t take my word for it, in his book entitled Entrepreneurial Finance 3rd Edition, Steven Rogers says that the term includes “intrapreneurs” which are “people who are gainfully employed…and are proactively engaged in entrepreneurial activities in that setting.” Clearly, there is a wide range of people that can call themselves an entrepreneur, so could it be true that everyone can be an entrepreneur? Absolutely.

Everyone can be an entrepreneur, but few will

As with most things in life, we get to choose whether or not we will partake in them. Thinking entrepreneurially is no different. No matter our occupation, all of us have the ability to lead and implement solutions with an entrepreneurial mind if we choose to do so. For example, ask yourself this question: are you content with doing the bare minimum in your job so long as it’s enough to keep you employed? Or are you actively working to break boundaries and create value while innovating in new and unique ways? If you chose the latter answer, then feel free to add “entrepreneur” to your job title. You’re the kind of person who realizes that there is knowledge to be gained and opportunities to be recognized in every situation – no matter how mundane or insignificant a situation may seem. Furthermore, you realize that the resources that lie in your current situation are the tools you have to work with to get to your next goal in life.

But what if my job really feels hopeless?

It’s never hopeless. It can definitely feel as if it were, but there is always an opportunity somewhere that leads to better things if only we look close enough. If you’ve ever walked in a corn maze, you’ll know that it’s easy to feel lost. After a while, everything begins to look the same! But then you cheat a little and pull out your map of the maze before quickly finding your way out. What was it that changed? Was it your situation? No. Was it your ability? No. The only thing that changed was your perspective. Instead of looking horizontally, you zoomed out and took into account an overhead view of the predicament. And I am confident that if we simply take the time to examine our perspective, an answer will become evident. This includes seeing opportunities for growth and advancement in employment, no matter where you currently stand. Trust me, I’ve worked for $7.25 minimum wage, and it wasn’t what I would call exhilarating. Yet I realized that I had a set of responsibilities delegated to me, and I was dead set on doing the best work possible until my situation changed. Finally, the grassroots reason that things changed can be directly attributed to thinking entrepreneurially.

In conclusion, ask yourself these questions: how can I think more entrepreneurially in my current situation in life? And which opportunities can I harness as tools to bring me to the next level of success? All of the required pieces are already around you, there’s simply some assembly required. The choice to is yours.


Source:

Rogers, Stevenson (2014). Entrepreneurial Finance, Third Edition: Finance and Business Strategies for the Serious Entrepreneur. McGraw-Hill Education.

What did you think? Leave some feedback! :)

8 thoughts on “Building An Entrepreneurial Perspective – Week 2

  1. Right on the mark. When folks talk about having a “great idea” I really struggle with a response. Ideas are cheap. Your blog is the perfect response. It’s not the “idea” that makes one a entrepreneur. It’s that drive to find light where everyone sees darkness. It’s the inability to accept “good enough” when everyone else is complaining. That inner drive is what is rare and why so few people are entrepreneurs (much less successful ones).

  2. Austin,
    Your point about perspective is important to life and certainly the life of an entrepreneur. How many times will the idea, the plan, the finances change when trying to create the business, many I am sure. It is the ability to look at things differently with renewed energy and excitement which can keep one on this journey of entrepreneurship.
    Good inspirational post.
    Cece

  3. Hi Austin,
    I feel people are afraid of entrepreneurial activities or taking that leap of faith. How many times have I heard oh, I could have been a millionaire because I thought of having that kind of web side long before XYZ ever did it or I knew of that new popular taste of in the ice cream shops long time ago. They just never acted on it. They might hate their real job but have not a clue how to act on their idea.
    Mary

  4. Austin,
    You raise a good topic. Having entrepreneurial perspective is a key component in being an entrepreneur. I believe half the battle of changing one’s perspective is their mindset. There are certainly mental hurdles that an aspiring entrepreneur must overcome. In actuality, mental hurdles are what skew one’s ability to see the vision and put into practice.

    Some mental hurdles could be:
    1. Self-confidence
    2. Technical know-how
    3. An ability to see provision
    4. Execution know-how
    5. What-if’s
    6. A good exit strategy

    And that’s just to name a few. Your analogy was spot on. Starting a business can feel a lot like being in a corn maze for the first time. Thus, I am firm believer that if one is not already equipped with a map, asking for help is the next best option. In addition, some can have a map and not know how to read it, having someone steer them in the right direction can not only save a lot of money and time.

  5. Austin,

    Great blog post as usual! I like the title, “Building an Entrepreneurial Perspective”. Some people know right away that they are meant to be entrepreneurs, others have a “traditional” job but they dream about more. So, building up to being an entrepreneur takes time, dedication, and passion. If someone has the desire to be their own boss, then they need to figure out the map that will take them there. You need to put an action plan together and seek out help from those people who you look up to. Being an entrepreneur is not all fun and games every day, it’s a lot of hard work and some struggles. But, like the old saying — you have to work hard for what you want. Right?

  6. Austin, awesome post I enjoyed the statement “No matter our occupation, all of us have the ability to lead and implement solutions with an entrepreneurial mind if we choose to do
    so.” I try to live by being solution driven. By doing so it has helped me thrive in anything that I do.

  7. Austin,
    Great post – I love the sub topic – Everyone can be an entrepreneur, but few will
    It takes a lot of work and dedication – but it also take stepping out on faith. Many people as you mentioned dont make it this far.

  8. Hello Austin,
    I am in total agreement with , in everything we do it is a choice to complete or approach the challenge with a positive solution. I try my best to do that .

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