10 Characteristics of an Entrepreneur That Will Take Your Business to the Next Level

Mindset - Hacking into The 10 Characteristics of an Entrepreneur

What is the Definition of Mindset?

The definition of mindset according to Wikipedia is a set of assumptions, methods, or notations held by one or more people or groups of people that is so established that it creates a powerful incentive within these people or groups to continue to adopt or accept prior behaviors, choices, or tools. (Source - Wikipedia)

Okay, now we all know the definition of what mindset is, if you take all of the following hacks and make use of them you're going to benefit in the short-term, mid-term and the long-term.

If you consistently fall short of these mindset hacks you will be far more likely to fail in whatever you're venturing into. Go over them every day, more than once and burn them into your brain. Let's go over those hacks above starting with the first and most important one.

If you consistently fall short of these mindset hacks you will be far more likely to fail in whatever you're venturing into. Go over them every day, more than once and burn them into your brain. Let's go over those hacks above starting with the first and most important one.

1. Forget The Money

Forget the money if you want to be successful with your business. Remember this. It's not about the money, it's about helping people with a problem. The sooner you understand this then the sooner you'll see benefits of not thinking about money. Serve people who need help and the money will come when it's supposed to come.

If you focus on money it shows, and you'll make less and have to work harder to make that money. People read into your psyche more than you think. Your language alone is enough to tell most people you're only after getting paid. Don't focus on any financial gains if you want to find success in any business, either offline or online. Deliver what people are looking for first and foremost.

2. Always Over Deliver

When you promise to deliver xyz to people, give them abc as well. When they get what they asked for, or paid for, and you give them more than they bargained for, they WILL remember you for that. They'll turn into long-term loyal customers who'll come back again and again.

They'll make you their go-to person every time because they know you'll give more than what was asked for. For example, if you're promising an eBook for $10, send them a bonus eBook for free. Makes sense, right? I promise you, people will remember this bonus you gave them and they'll be very inclined to buy from you again. 

3. Be Real

Don't try to be something you're not. Be yourself and don't tell people what you think they want to hear. Tell the truth, always, even if it means you'll make no money. People see this as an attribute of honesty and sincerity. You will be remembered next time when that person wants something and you can then turn them into that loyal customer who comes back again and again for more. 

4. Give The Best Possible Customer Service

Once you've attained a customer, take care of them immediately. Don't put them off with excuses. Don't pass them from pillar to post, you're just making things super frustrating for them.

You'll lose any loyalty and trust you've built with them if you do not serve them well and treat them with respect. They won't come back for a second helping of any of your products or services.

Deal with them swiftly, make them happy and you'll continue to have a loyal customer who will come back again and again. They'll also spread the word about your amazing service.

This gets you more customers. If you give bad service, word of mouth ends up losing you more customers in the long-run.

5. You Cannot Please Everyone

Sometimes you'll encounter people who simply cannot be pleased no matter what you do for them. As an example, someone could pay for a cup of coffee and complain that there are no french fries with it. What? Yes, sometimes that is what it's like.

People can sometimes expect way more than what they're entitled to. Do whatever is necessary to appease the customer, even giving a refund when they don't deserve one. You'll see, Karma will pay you back down the road in ways you can't imagine later on. 

6. Don't Burn Bridges in Financial Disputes

If you get into financial disputes with associates, business partners, or employees, it really is best to let it go. You have to think about the future and in the future, you may desperately need that person for whatever reason.

Money isn't the sole focus here, it's relationships with people, whether co-workers, employees, mentors, business partners or customers.

Do you remember the top hack at number one above? Forget about the money, let it go! Karma will repay you in the future. It's swings and roundabouts!

Speaking of relationships, it's important if you have an email list to start off on the right footing with them and build trust if you want to keep them on your list.

Too many marketers spam their affiliate links to their email list and lose subscribers by the boat load. 

7. Apologize if You Screw Up

When you make a mistake are you the type of person who simply can't admit to making it? If so, you're doing the exact opposite of what you should be.

You'll lose respect from anyone who knows you've made a mistake when you don't acknowledge it and apologize for it. How hard can it be?

Say sorry when you make an error in judgment and everyone involved will see you're an ordinary, honest person who's prone to make mistakes.

If they're decent people they'll forgive and forget and even love you a little bit more because now they know you're not perfect.

You're a regular person, just like them, and they will relate to you more. Perhaps they'll even help you to avoid similar mistakes in the future.

8. Don't Hold Out on Customers if They Want a Refund

I know they can take the biscuit, but sometimes customers will want a refund even when your product or service has fulfilled or exceeded all requirements and expectations before they purchased.

It's a fact of life that sometimes things go wrong such as loss of a job and no longer being able to afford whatever they bought from you. This is what you do, you give them a full refund without dragging your feet.

You'll be remembered by that customer and later on, they might be back. If you deny a refund they'll tell people about it and those people will know you as someone who thinks only about money.

You're shooting yourself in the foot if you don't refund people, especially in exceptional circumstances. This ties in with great customer service. 

9. Say Thank-you to Customers, Employees, and Associates

Always thank your customers, employees, business partners and associates at every opportunity and they'll love you for it.

Be humble and say thanks frequently to show how much you appreciate them. They'll be more willing to go the extra mile for you in return. You're keeping a business relationship good that way. Say thanks and mean it!

10. Give Credit to Your Mentors

Always give credit to your mentors for all they've taught you. This shows people how humble you are. When you're an egotistical type that never gives credit where credit is due, people will despise you for it.

When you give credit it shows people that you know how lucky you are and you're likely to keep those people around for longer. Your mentors will be appreciative, too, and they'll also be around longer. 

In Conclusion

Be the good guy in business, don't screw people over. Go beyond what they expect, be honest and thank everyone who works for you or with you. Thank your customers for their loyalty. Admit mistakes when you make them and be humble. 

Thanks for reading about the 10 characteristics of an entrepreneur that I try to develop every day. I'm sure if you use even half of these tips moving forward, you're going to be a big success.

If you have any mindset hacks of your own, I would love to hear them so that I can add them to this list here. If you disagree with any of these hacks, let me know that, too! Scroll to the bottom of the post and there's a comment box ready and waiting for your ideas.

I'm Jim. To read more about me and the reason this site was created, you can do so here.

If you want to read more of my articles go to the Blog.

Thanks for reading.