How to channel your inner entrepreneur

3 min read

When you hear the word "entrepreneur" you might immediately think of someone who owns their own business.

But actually, entrepreneurs are entrepreneurs long before they run their own companies and are often working in jobs for someone else. Being an entrepreneur is a mindset and thinking like one will help you - and your company achieve success at every turn.

Here are three ways to bring out your inner entrepreneur:

1. Do what you love

One of the main things that separates people with an entrepreneurial spirit from worker bees, is passion. And that passion usually means they are happy to put much more time and energy into what they do.

"You will live a much better life if you just do it and pursue your passions", says Virgin CEO Richard Branson. "Those people who spend their time working on things they love are usually the ones enjoying life the most. They are also the ones who dared to take a risk and chase their dreams".

So, if your current role or line of work is not lighting your inner fire then time to find out what would make you jump out of bed in the morning.

2. Think outside the box

Another way you can feed your inner entrepreneur is by encouraging yourself to see the world differently and think outside the box. Trailblazers in business often have unique ways of viewing challenges and solutions. One of the best pieces of advice Steve Jobs ever gave was this:

"When you grow up you tend to get told the world is the way it is and you're life is just to live your life inside the world. Try not to bash into the walls too much. Try to have a nice family, have fun, save a little money. That's a very limited life. Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you and you can change it, you can influence it, you can build your own things that other people can use. Once you learn that, you'll never be the same again."

3. Take risks, and don't be afraid to fail

In a graduation speech at Boston University, the former CEO of Google, Eric Schmidt, told graduates that taking risks was one of the most important things they could do.

"Do not be afraid to fail, and do not be afraid to succeed", he says. "There's an old Italian phrase I like, it's used to describe especially daring circus performers -they do the salto mortale. It means they do a somersault on a tightrope, without a net. Graduates, do this. Be brave. Work without a net. I promise you, you will land on your feet".

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This information is current as at 17/11/2014.

BT Financial Group - A Division of Westpac Banking Corporation. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. This information does not constitute financial advice. It has been prepared without taking account of your objectives, financial situation or needs. Because of this, before acting on this information, you should consider its appropriateness having regard to your objectives, financial situation and needs. Information in this blog that has been provided by third parties has not been independently verified and BT Financial Group is not in any way responsible for such information.