Today, I want to talk about developing an entrepreneurial mindset. This is a topic I LOVE to talk about because mindset truly is everrrrrrrything when it comes to building a successful business.

If you’re mindset isn’t right, you won’t succeed. Plain and simple.

There are some essential shifts that I went through to develop an entrepreneurial mindset which helped me to develop two 6 figure businesses.

Entrepreneurial Mindset Shift #1: Your Success is Inevitable

You have to be stubborn in the fact that you’ll never give up, but flexible in your approach and keep trying UNTIL you succeed.

When I was in my network marketing company as a young and naive newbie entrepreneur, I knew my success was inevitable. So I acted as if my success was inevitable and did whatever it took to succeed.

That meant that I showed up every day, not just when it was convenient.

That also meant that I tried a whole bunch of strategies to reach that success.

I went to events. I read books. I did push groups with my mentors. I bought leads. I did cold calling. I learned how to FORM. I created hundreds of youtube videos. I invited every single day. I learned how to work with people.

Recommended reading: How to Win Friends and Influence People, and GEMS by Dani Johnson

I’m trying to think if there’s anything I DIDN’T try when it came to my network marketing business.

I mean, I sucked for quite a few years but I was really freaking stubborn, and I knew that I was getting close and there was just ONE STRATEGY that I was missing.

Most people would’ve given up. I saw tons of people on our team that started at the same time as me and gave up.

I didn’t.

This is a core belief that you must develop.

Repeat after me: MY SUCCESS IS INEVITABLE.

This short video (especially the beginning) sums this up really well =)

“It’s hard to beat a person who never gives up.”

― Babe Ruth

Entrepreneurial Mindset Shift #2: You MUST Invest in Yourself

This is a biggie. You must be willing to put some skin in the game and invest in attending events, reading books, and hiring a mentor.

The first big investment I made in myself was when we were broke and on food stamps. It was a 6 months social media training program back in 2013 for $455 per month, which might as well have been a MILLION dollars for us at the time.

But I had that gut feeling that this program was going to be the thing that changed my business—and I was right.

So What Happened?

I learned how to use Facebook, back when Facebook pages actually worked. I grew my Facebook fan page to over 50,000 followers, and my income went from $20,000 per year to $80,000 per year within 1 year.

Last year I was ready to do something new. I’d been in network marketing for 6 years at the time, and while I had a ton of success in the company, that company restructured and my income was cut in half.

I hired a business coach for $2,000 per month when at the time, I was earning about $4,000 per month.

Talk about a scary investment. But again, I followed my gut feeling.

Do you know what happened? I had the strategies I needed to make my new business work, and within 7 months had a multiple 6 figure business. This is our first year in business and in 9 months we hit a quarter of a million dollars. That NEVER would’ve happened if I didn’t make that investment.

If you don’t invest in yourself, why would someone invest in working with you?

Yea, I know you ‘can’t afford it’. Which is another mindset block we could talk about. But you can’t afford NOT TO.

When you have skin in the game, you bet you show up differently.

You can compress DECADES of learning into DAYS when you have the right mentor.

Pull up your big girl panties and make that scary investment.

Recommended reading: You’re a Badass at Making Money by Jen Sincero.

“The walls of your comfort zone are lovingly decorated with your lifelong collection of favorite excuses.” Jen Sincero

Entrepreneurial Mindset Shift #3: The Best is Yet to Come

What if it doesn’t work? What if I make that investment and it doesn’t happen? What if?…..

What if it DOES work and your level of success is beyond your wildest dreams?

A core belief that you need to develop is: THE BEST IS YET TO COME.

Yes, you’re going to go through a sh*t storm of emotions as an entrepreneur. One day you’ll be on top of the world. The next day the sky is falling.

But you have to have faith in yourself that you WILL get through it and the best is yet to come.

Keep the faith…that the best is yet to come. 
Keep the faith that the next extraordinary version of you is being crafted even now…that nothing can deter you from keeping your commitment to achieving your goals set for today…that you can better your best! 
Keep the faith. 
Move forward in spite of your fears and despite any evidence to the contrary. 
Believe that IT’S POSSIBLE!!

Les Brown

Entrepreneurial Mindset Shift #4: Failure is Just Feedback

Can I tell you something? Failure isn’t something to shy away from. It’s something to pursue.

In fact, the faster you fail, the faster you’ll succeed. So fail fast.

When you see KFC, you DON’T see that Colonel Sanders got rejected over 1,000 times before he had his big break.

Or that Walt Disney’s first venture, Laugh-o-Gram Studios, went bankrupt due to his lack of ability to run a successful business.

Or that Vincent Van Gough only ever sold one painting in his life, pinning him a failure as an artist.

Like Albert Einstein said, “failure really is just success in progress. If you’d rather not to fail, you will probably never succeed.”

You really need to reframe the way you see failure.

“Would you like me to give you a formula for… success? It’s quite simple, really. Double your rate of failure. You’re thinking of failure as the enemy of success. But it isn’t at all… you can be discouraged by failure — or you can learn from it. So go ahead and make mistakes. Make all you can. Because remember that’s where you’ll find success. On the far side.” Thomas J. Watson

“My dad encouraged us to fail growing up. He would ask us what we failed at that week. If we didn’t have something, he would be disappointed. It changed my mindset at an early age that failure is not the outcome–failure is not trying. Don’t be afraid to fail.”

-Sara Blakely (founder of Spanx)

Entrepreneurial Mindset Shift #5: Consistent Action is Key

One of the first personal development books I read was the Slight Edge by Jeff Olsen, and then The Compound Effect by Darren Hardy.

Darren says, “It’s not the big things that add up in the end; it’s the hundreds, thousands, or millions of little things that separate the ordinary from the extraordinary.” 

Kind of like you’re not going to get healthy by working out for 5 hours today, you need to consistently move your body to reap the rewards.

The same thing is true in business. Success isn’t sexy. It’s pretty boring. It’s having a routine and doing it over and over and over and over and over again.

Consistent actions that I take that have made a massive difference for me:

“You will never change your life until you change something you do daily. The secret of your success is found in your daily routine.” 

― Darren Hardy

I truly believe that having an entrepreneurial mindset is what separates the wannabes from the ones who actually make it. That’s why the VERY first video inside the Impact Blogging Academy is about mindset.

If you want some homework to really work on this stuff, I encourage you to grab a journal and write out the following:

What’s been holding you back from achieving the business of your dreams? What limiting beliefs are you believing about yourself?

Examples of Limiting Beliefs:

  • I don’t understand
  • I’m scared of rejection
  • I don’t have what it takes to succeed
  • I could never do that
  • I don’t have the skills
  • Successful people are just lucky
  • I’ll never make enough money

NOW, write out the TRUTH. Turn those limiting beliefs around.

  • I don’t understand = All that I need is within me now.
  • I’m scared of rejection = Rejection is essential on the path to success

 

Who do you need to BE to create the business of your dreams?

Examples:

  • Creative
  • Focused
  • Confident
  • Organized
  • Committed
  • Teachable
  • Leader
  • Energetic
  • Follows Through
  • Wakes up early
  • Avoids email first thing
  • Adds value to others consistently
  • Invests in themselves
  • Has boundaries
  • Takes responsibility
  • Meditates

Write it out! Take massive action!

I believe so strongly that having these entrepreneurial mindset shifts are essential to your success, that this December I’m doing a challenge solely on mindset. It’s going to be transformative, so don’t miss it!

Recommended podcast: Episode 21 of the She’s Making an Impact Podcast with Kathrin Zenkina

Remember,

“The only thing keeping you from what you want is your story about why you can’t have it.” — Tony Robbins

Ready to take your biz to the next level? Get free instant access to my online vault of videos, worksheets, and more for female entrepreneurs!

 

Rachel Ngom

Entrepreneur, Author, Pinterest Strategist

 

 

 

 

 

 

 

 

 

 

Hang with me on Insta Stories

Email: clientcare@rachelngom.com

 

“Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.” Tony Robbins

 

PS. Be sure to join my free online community for female entrepreneurs! Join here.

 
Want to learn from people who’ve been there before you about how to develop a successful entrepreneurial mindset? I share 5 essential entrepreneurial mindset shifts that will help you create the business of your dreams, reach more people, make more money, but more importantly, a bigger impact. Repin and grab my free cheat sheet to get more leads with #Pinterest! #shesmakinganimpact #entrepreneurtips #bloggingtips #entrepreneur #mindset
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