When people first think about the entrepreneurial mindset, of course they assume that this is something exclusively related to entrepreneurs. However, you don't need to be running your own business to gain the benefits of the entrepreneurial mindset. Entrepreneurs enjoy success in life because of the way they think and act. Anyone can learn to mimic these behaviours and use them to achieve their career & life goals.


There are similarities between the entrepreneurial mindset and other concepts like the 'growth mindset'.  Both have a focus on learning and personal development. The entrepreneurial mindset goes much further than the growth mindset, by including innovation, ethical behaviour, risk taking, selling and productivity.


The Network has created an easy to understand, common sense and practical definition of the entrepreneurial mindset. By undertaking a systematic analysis of published research and professional practice we have identified 7 essential entrepreneurial behaviours. As an aid to memory and learning, one essential entrepreneurial behaviour is allocated to each of the letters in the word MINDSET e.g. the letter M in MINDSET stands for Meet real needs. 

Entrepreneurs are successful because they provide a product or service that people really want or need. You can learn from their success, and copy this entrepreneurial behaviour, by asking yourself "Do I meet a real need?"

Entrepreneurs innovate. They use creativity to find new solutions to problems. They seek out different perspectives and a wide range of views. Innovation is a process that can be learned. Like an entrepreneur you need to innovate.

In some cultures, entrepreneurs are seen as successful innovators. In others, they are viewed negatively as people who exploit others for their own gain. Our definition of the mindset rejects unethical behaviour.

What could be more characteristic of entrepreneurs than risk taking? You need to know how to take calculated risks because this will put new opportunities within your reach. And if things go wrong, you will learn from failure.

Entrepreneurs convince us to buy products and services. They also persuade us that change is necessary. You too can pitch ideas and convince people to collaborate. Working together we can scale up and make a bigger impact.

How do you get everything done within the time available? Greater productivity doesn't just happen; you have to work at it, like going to the gym to get fit. You need to strive for a good work/life balance.

The entrepreneurial mindset is not just a way thinking. Above all it is about taking action, turning ideas into reality. You don't wait, you take the initiative,  and you act first. You are determined to live your best life