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Which mindset do you have? Employee or entrepreneur?

Entrepreneurs take responsibility for their outcomes … employees look to others to explain their results.
Image: genialbaron; Design: Carma Spence

As a Long Beach writer, you need to cultivate an entrepreneur mindset if you are going to be successful. However, many writers are operating with an employee mindset. Are you one of them? Read on to find out.

Many small business owners and entrepreneurs got their start as an employee, possibly even working at a business here in Long Beach. They worked for someone else. The problem is, if you’ve been an employee for a long time, it can be hard to shake off the shackles of the employee mindset.

The employee mindset
When you have an employee mindset, you are more likely to look to others to tell you what to do. You might find it hard to take responsibility for the success and failure of your business. As an employee, you have no say about how the business is run. You just work hard to prove your value so that you can stay employed.

However, when you are an entrepreneurs or business owner, you must think much differently.

The entrepreneur mindset
Basically the buck stops (and starts) with you, the business founder/owner. You are responsible for the success and the failure of your business. You are the one who makes all the big decisions (including who to delegate smaller decisions to!).

The employee/entrepreneur mindset quiz
To find out if you are thinking like an employee or an entrepreneur, take this quick quiz:

  • Do you limit your tasks/duties to a subset of what is needed for your business to thrive?
  • Do you base your lifestyle on your income?
  • If a financial setback occurs, do you shrink your budget to accommodate the decrease in income?
  • Do you consistently seek outside advise to make even day-to-day decisions?

If you answered “yes” to most of these questions, chances are you have an employee mindset. Here’s why those with an entrepreneur mindset would answer “no.”

Do you limit your tasks/duties to a subset of what is needed for your business to thrive?
Entrepreneurs know that sometimes they have to do tasks in their business that are “above” or “below” their skill level. Their attitude is if it needs to get done, get it done and they are not averse to rolling up their sleeves and getting the job done.

Do you base your lifestyle on your income?
Entrepreneurs will seek to grow their business, expand their product line and diversify their services when financial setbacks occur. They don’t let themselves become or remain a victim of financial setbacks.

If a financial setback occurs, do you shrink your budget to accommodate the decrease in income?
Entrepreneurs pay themselves first. They focus on bringing in the income that supports the lifestyle they desire and invest the rest into their business. That said, they are also aware of and accept the momentary sacrifices that might need to be made in order to accomplish a goal.

Do you consistently seek outside advise to make even day-to-day decisions?
Entrepreneurs manage their time and take responsibility for their activities. Although they may seek out mentors to guide them to increased growth, they are in control of their daily activities and don’t need someone else to tell them what to do or motivate them to do it.

Are you an entrepreneurial author? Do you want to be? Are you ready to build your business and platform so that it expresses your creativity, conveys your worth and message authentically and is profitable? Visit www.carmaspence.com to learn more.

NOTE: Are you a writer, author or editor connected to Long Beach in some way? Please contact me ... and you can be a part of my series of profiles of local writers!