Chapter 2

• Entrepreneurial mindset


  A belief that qualities like intelligence & talent are fixed or changeable traits
• Entrepreneurial mindset

  • Curiosity
  • Commitment
  • Flexibility
  • Ownership
  • Optimism
  • Leadership
  • Connection
  • Self-respect
• Essentials of the entrepreneurial mindset

  • Passion first
  • Everything is possible
  • 100% accountable
  • We are connected
  • Live life to give
  • Attitude of gratefulness
  • The time is now
• Habit


  An unconscious behavior done often and regularly
• Habit loop


  Brain makes decision whether to store or repeat a behavior

  
• Important strategies for developing a leadership habit

  • Behaviour-focused (self-observation, self-goal setting, self-reward, self-punishment, self-cuing)
  • Natural reward
  • Constructive thought
• Creativity habit


  • Fear
  • No craving for disorder
  • Fondness for judging over making ideas
  • Distaste for nurturing ideas
  • Perceived shortage of challenge
  • Failure to differentiate reality from fantasy
• Improvisation habit


  The unstructured way of creating something in the absence of planning
• Opportunity recognition using mindset

  Social value (addresses a social need or provides benefits to society)<|>Environmental value (opportunity to preserve the natural surrounding)

  
• How to start with ideas

  • Analytical (breaking a problem into details)
  • Search (linking personal experiences to existing problems)
  • Imagination-based (interrupting doubts and dropping restrictions)
  • Habit-breaking (departing from usual patterns)
  • Relationship-seeking (establishing links between unconnected concepts)
  • Development (modifying existing concepts)
  • Interpersonal (generating ideas through group interaction)

  
• Pathways to opportunity identification

  • Alertness (ability to easily pinpoint opportunities)
  • Prior knowledge (information from life & work experiences)
  • Pattern recognition (identifying relationships between isolated things)

  
• IDEATE method


  Ideation process to help budding entrepreneurs recognize problems, cultivate innovative solutions, and choose the best creative entrepreneurial idea