Are you able to sacrifice your time and money to build your dream business? Or are you only worried about your monthly salary? Do you work for a company with an intention of starting something on your own?
Some people generalize employees as followers, and entrepreneurs as leaders. So, what are the core differences between the mindset of an entrepreneur and a salaried person?
1. Employees seek direction while entrepreneurs create a path
Employees tend to seek help when a problem arises at work. Entrepreneurs create the solutions that keep the organization moving forward.
2. Employees execute tasks while entrepreneurs plan
An employee can take work day by day, whereas an entrepreneur has to consider how well the tasks are being performed relative to the long-term plan for the business.
3. Entrepreneurs improve their skills; employees improve their weaknesses
If you’ve ever been on a job interview, you’ve probably answered this question: “What have you done to improve your weaknesses?” This is a sensible question . . . to an employee. After all, employees are taught that weaknesses are bad and that they should be improved.
Not entrepreneurs. Entrepreneurs view focusing on weaknesses as futile; instead, they draw on their strengths.
4. Employees fall under a particular job category, Entrepreneurs create their own titles.
Employees have to perform tasks according to their respective job profiles. Irrespective of their interest, they are sometimes forced to work in a different job industry. Entrepreneurs are not specialist. As they have to lead the group from the front, they perform general tasks. They enjoy autonomy and independence.
5. Employees appreciate steady employment while entrepreneurs are comfortable without job security
Employees appreciate the stability a job offers because with it comes a steady monthly paycheck and other benefits like medical covers and other allowances. Entrepreneurs on the other hand know that it’s risky to build a business and that they must sacrifice steady employment in order to build the company.
6. Employees dislike failure while entrepreneurs embrace it.
Failure means learning, and entrepreneurs know that failure is more likely than success–and failure can lead to success. Employees would rather not fail at their jobs as it can lead to fear of losing the steady employment they value or being put on disciplinary notice.
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7. Entrepreneurs take risks while employees avoid them
If you ask many people in the employee mindset why they won’t start a business, they’ll say they need the security of their day jobs. Not having access to a pension, steady paycheck or health insurance is too risky, majority say.
Yet entrepreneurs thrive on risk.
Without risk, there’s no reward, and rather than scaring entrepreneurs away, this knowledge invigorates them to create a unique niche for themselves in the competitive business world.
8. Employees do while entrepreneurs listen.
It’s the employees who get most of the work done in any organization. But in order for them to do it well, the entrepreneur at the helm has to listen to their needs and ensure they maintain a productive and positive work environment for staff.
9. Employees aim for the promotion in their company. Entrepreneurs aim for the promotion in their business.
Workers with an ‘Employee mindset’ are mostly concerned about the growth and development of their careers. They work hard with the intention of getting a better position and a high salary. Entrepreneurs work hard with the intention of learning new ideas. They are busy in finding various ways to uplift their business dreams.
10. Entrepreneurs believe in seasons; employees believe in balance.
Every employee’s most coveted dream is to have a work/life balance in their careers.
But entrepreneurs know that balance isn’t achievable. Instead of seeking balance, they believe that to excel in one area of their lives, others will suffer. They accept that the areas of their lives rotate through seasons.
11. Employees think ‘Money is everything’, Entrepreneurs know ‘Time is everything’.
Employees invest in their future growth by focusing on money. They look for the safe returns only. Entrepreneurs know ‘Time is Money’. They shift their focus from money to time by giving ample time for the growth of the company. They are ready to work months after months with no profits. As they believe in generating wealth, they don’t pay attention on initial months with unattractive results.
12. Employees blame others. Entrepreneurs correct themselves.
In order to achieve something big in life, you need to have the courage to accept your faults. There is no use in playing the blame game. Workers with ‘employee mindset’ have a habit of blaming, justifying and complaining. Entrepreneurs know they are responsible for all their decisions. Instead of suppressing their mistakes, they are open to accepting their mistakes.
13. Employees look holidays as a relief, Entrepreneurs look holidays for strengthening their beliefs.
People with the “Employee Mindset” anxiously wait for the holidays. They just want to relieve themselves from the office stress. Some plan out for a weekend trip before facing the boring Monday again. Entrepreneurs also wait for the holidays. But, they plan out their business plans for coming out from the Monday morning dilemma. Distraction-free environment helps them in increasing their productivity.
You don’t have to be a startup CEO or even own your own business to be an entrepreneur, but the entrepreneurial mindset is one that attracts success.
The good news is, there are many different ways in which you can apply these mindsets to become successful at whatever you choose to do with your career.