subject: Do You Possess The Three Pillars of a Business Mindset? [print this page] Do You Possess The Three Pillars of a Business Mindset?
Adopting the right mindset is vital to becoming a successful entrepreneur. I'm going to briefly describe the three pillars of a winning business mindset.
They're known as MAD, an acronym for Means, Ability and Desire. You'll need them all if you want to succeed.
The Means to Succeed
Having the means to succeed is all about having the resources. This can be access to capital (self funding or from external investors), access to a labour force, access to manufacturing, even having the time and energy. To create something worthwhile and profitable it always takes some kind of resources, so make sure you have access to the one's you'll need.
The Ability to Succeed
Having the ability to succeed is about being physically and mentally capable. It's about education and lifelong learning. It should be your goal to continually learn all you can about being an entrepreneur, planning, organisation, time management, goal setting and achievement, the list goes on. The good news here is that most people have the ability to succeed, even if they don't know how yet, you just have to learn.
The Desire to Succeed
Having the desire to succeed is in my opinion the big one. If you have this one you can easily find the means and develop your ability. Without the desire there's not much point in possessing the means or ability, you'll never use them. The fact that you're reading this now implies to me that you already have the desire, or at least are consciously trying to develop it. I think you're good to go on this one.
I must stress that all three of the above pillars are required for achieving success, two out of three simply isn't enough here. If you have them all, great. If you don't have them yet, then you know what you need to do. You need to take action today on any of the pillars you feel you're weak on.
