PSYCHOLOGY OF ENTREPRENUERSHIP
WHY PSYCHOLOGY
MATTERS TO AN
ENTREPRENEUR?
PSYCHOLOGY OF ENTREPRENEURSHIP
To succeed in anything mindset is important
Building a positive mindset is important to succeed
feeding your mind in what makes you succeed
Visualization an auto suggestion is important
When you remind yourself why you want to succeed?
There is a mind-set that we help you overcome the
challenges of entrepreneurship.
Understanding the road is full of uncertainty and developing
plans and cash capacity to mitigate that.
LIST 10 REASON WHY YOU STARTED YOUR BUSINESS.
EXAMPLE.
- I STARTED MY BUSINESS BECAUSE
A. I need more time for my spirituality
B. I want more control over my life
C. I want time for my family
D. I want to travel all over the world.
LIST 10 THINGS YOU MUST DO SO THAT YOU CANNOT
FAIL.
EXAMPLE.
- I must have cash reserve of 10,000USD
- I must pay upfront rent for 5 years or lease a small
house - I must work hard and get 5 customers every month.
THE MAIN REASON YOU STARTED YOUR BUSINESS.
Keep reminding yourself the reason you started your
business.
LIST THE BENEFIT BOTH SHORT TERM AND LONG-TERM
REASON WHY YOU STARTED BUSINESS.
THE POWER OF STRONG DESIRE.
A burning desire to succeed in your entrepreneurial endeavor is
an important factor.
Strong desire speeds up the actualization of a dream.
Strong desire helps to overcome obstacles that may come your
way.
How do you build strong desire?
a. Reminding yourself the reason you started business
b. Reminding yourself what you want to enjoy when you
achieve your goal.
c. Suggesting to your mind and remind yourself the benefits of
being your own boss
d. Surround yourself with a group of people and books that
encourage actualization of those desires and objectives.
HOW DOES ENTREPRENEUR THINK?
-They believe that they must control their life and business
-They want to be in control
-They try to have the mindset of succeeding
-They have a strong believe that they must succeed and develop
different plan to make sure they do not go back to secular work
-They keep on reminding themselves the reason they went into
business.
-Meditate on the way forward.
-Associate with like minds and those that encourage them.
-Think positively and see possibilities in things.
- Have a purpose- Use different line of strategy to achieve your
purpose.
-Think of the result and the why that moves your business.
MOVING FROM SECURITY TO RISK TAKING AND RISK
MANAGEMENT.
Most individuals are used to the security and safety of
employment.
Now they have to move to risk taking and risk management.
They have to learn the opportunities and pitfalls in a particular
venture and ways to manage it.
They have to invest in learning their business, market and
environment in which their business operates.
Learning and studying a business in a careful way helps you have
an in-depth knowledge of the business; in other words, helps in
risk management.
WHY YOU NEED A BUSINESS.
A business is important at some point in your life
At some point in your life, you will work for yourself. Why not start
early?
SOME REASON WHY SOME START BUSINESS.
Achieve their major goal in life.
Fund and finance our daily expenses.
Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on this publication(post). Consult your professional for advice.
