Change Your Mentality And Get Into That Millionaire Mindset

Positivity and mindset are vital to success in life, sports and more importantly in your entrepreneurial journey. Napoleon Hill was one of the first to point this out in a business environment in 'Think and Grow Rich'. More extravagantly 'The Secret' by Rhonda Byrne sugar coats everything researched in the past. Basically the simple lesson from these books is that your mentality affects the way you perceive and interpret ideas and opportunities. The use of a car and its headlights in 'The Secret' is another way of re-enacting what successful entrepreneurs have known for over 100 years.

When I was 16 I was working in my family business. My parents were in the rat race getting up early and coming home late. I saw this as 'good business' as they were maximising their earning potential. When I was 18 and just started my bachelor of Entrepreneurship, I learnt about more successful businesses that are systemized so that the business was still making money while the entrepreneur was not in the business. Today at 21 I am thinking a lot bigger with the 'born global' concept which I had no idea about 18 months ago.

Let me give you an example of how my mindset has developed over the years. Let us take the example of the idea of starting a unique fast food business in Australia. If I were to start this at 16 I would have been looking at a nice local store to where I lived with something unique that would provide slightly better than a wage for my life time. If at 18 I wanted to start such a business I would have been looking to setup a store in a high traffic area and put systems in place so the business was running and making money while I was not there. Today with such an idea I would be looking to build a brand which people talked about craved. I would then look to get this profitable in the first 2-3 years and look to open more stores via franchising. I would then look to take the brand to new markets fairly quickly.

The funny thing about the processes above is nearly the same amount of time and effort go into each of the three. The only thing which is different is the entrepreneur at the beginning of the business' journey with what is and is not possible.

For you to develop that 'millionaire mindset' there are steps you need to take. Entrepreneurs who do not respect the small but frequent steps needed to be taken and just jump forward are opening themselves up to a lot of risk as a lot of technical aspects need to be fine-tuned.

Typically 'serial entrepreneurs' have found a good and efficient way to build on themselves. By starting small and building a venture, then exiting and starting something bigger and repeating this process slowly builds them up to a better mindset.

My path was a little different. When I was a teen I was reading a lot of business books which set my framework up. When I was 18 and just starting my higher education I also founded another business with my brother. The combination of the two meant my printing business quickly evolved from a local business to a truly national business in three years and hiring employees which my parents were afraid to do.

Whatever you choose just remember the only limit in what you do is what you think you cannot do. But the best way to build on your mindset is to have more experience of what is and is not possible in your own world.