• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Engineering Management Institute

  • About
    • Meet Anthony Fasano, P.E.
    • EMI’s Mission, Vision & Values
    • Meet Team EMI
  • Content
    • Blog
    • Podcasts
      • The Engineering Career Coach Podcast
      • The Civil Engineering Podcast
        • Women in Civil Engineering
        • Civil Engineering Entrepreneurs
        • The Civil Engineering CEO Podcast
      • The Structural Engineering Channel
      • The Geotechnical Engineering Podcast
      • The Engineering Quality Control Podcast
      • The Engineering Project Management Podcast
      • AEC Engineering and Technology Podcast
      • This Week in Civil Engineering
    • TV
    • Videos
    • Books
    • Recommended Reading
    • Sponsors
  • Services
    • Training
    • Hiring Solutions
    • Webinars
  • FE-PE Exams
  • Clients
  • Contact
  • Training

  • About
    • Meet Anthony Fasano, P.E.
    • EMI’s Mission, Vision & Values
    • Meet Team EMI
  • Content
    • Blog
    • Podcasts
      • The Engineering Career Coach Podcast
      • The Civil Engineering Podcast
        • Women in Civil Engineering
        • Civil Engineering Entrepreneurs
        • The Civil Engineering CEO Podcast
      • The Structural Engineering Channel
      • The Geotechnical Engineering Podcast
      • The Engineering Quality Control Podcast
      • The Engineering Project Management Podcast
      • AEC Engineering and Technology Podcast
      • This Week in Civil Engineering
    • TV
    • Videos
    • Books
    • Recommended Reading
    • Sponsors
  • Services
    • Training
    • Hiring Solutions
    • Webinars
  • FE-PE Exams
  • Clients
  • Contact
  • Training

5 Reasons Why an Entrepreneurial Mindset Is Essential for Business

March 7, 2018 By EMI

This is a guest post by Johanna Cider

entrepreneurial mindset

Note from Founder: Hello this is Anthony Fasano, P.E., founder of the Engineering Management Institute (EMI).  At EMI we are focused on helping engineers become more effective managers and leaders.  In this post, guest author Johanna Cider talks about the importance an entrepreneurial mindset can have when growing a business.  Well, I believe that this mindset can also help you in growing a successful engineering career and becoming a partner/owner in your engineering company.  Enjoy the article, and please consider implementing some of the recommended strategies, whether you’re a student or an owner…

– – – – – – – – – – – – – – – –

If you’re starting out in the business world, you might feel a little overwhelmed with all of the information out there. You’ve probably been doing plenty of research, and you might’ve come across the idea of an entrepreneurial mindset, which is, above all, a mindset that will help you to succeed in the world of business. The essentials of an entrepreneurial mindset are, among other characteristics, the lack of fear when it comes to innovation and taking risks, and the ability to take failures into stride. If you consider yourself an entrepreneur, it’s important to know why entrepreneurial mindset is important for business.

1. Thinking like an entrepreneur will help you right from the beginning

You have a plan for your business, you’ve figured out all the details, and you’re ready to start making money, but it’s normal to feel worried or anxious about your new venture. Here’s where you should begin to channel your inner entrepreneur! Creating that entrepreneurial mindset will help you to think about what you’re doing and why. It will help you to know where you would like your business to lead you, and what risks you’re willing to take to succeed. If you know the answers to these questions, you’ll be ready to tackle all the challenges your new business throws at you.

2. An entrepreneurial mindset will help you in other areas of your life

Being willing to take risks and accept failure is a unique skill that isn’t relevant solely in the business world. Incorporating an entrepreneurial mindset into your everyday life will help you to minimize the importance of failure and rejection in your life. It will also help you to keep moving forward even when things are difficult. Additionally, being able to plan ahead and foresee potential problems (a key part of an entrepreneurial mindset) will help you to live a more organized, less stressful life. In turn, this will help you to better run your business.

Entrepreneurial Mindset

3. Having an entrepreneurial mindset will encourage creativity

You’ve started your business, and things are going well, for the most part. There’s just that one problem…

If you’re open to innovation and willing to take risks, you’ll be more likely to think outside the box. If something isn’t working well, there may be more than one fix, and you shouldn’t always fall back on the simplest or safest method. Critical thinking is the key to a successful business, and being willing to find creative solutions even if it might mean more work will help your business greatly in the long run.

4. People trust others who seem to know what they’re doing

The old saying “fake it ‘til you make it” is especially true in business. If you do your best to think, feel, and act like an entrepreneur, people will treat you like one. By channeling an entrepreneurial mindset, you’ll be able to make new contacts with ease.

5. Thinking like an entrepreneur will enable you to take healthy breaks

Don’t overextend yourself as rest and relaxation are important. Successful entrepreneurs know that focusing entirely on business is a sure-fire way to burn out. Go on an international trip. Relax and visit new destinations. You might be surprised by the ideas and inspiration you can get by experiencing new cultures. If you’re thinking like an entrepreneur, you’ll know that taking regular breaks will actually benefit your business in the long run and that you needn’t feel guilty for indulging once in a while.

If you’re wondering how to develop your entrepreneurial mindset, rest assured that there are plenty of resources out there! To get started, you might like to jot down the names of your favorite successful businesspeople, and research how they came to success, and any advice they might have. Apply your newfound entrepreneurial mindset to your business as well as your life, and you’re sure to succeed!

About Johanna Cider:

Johanna Cider is a freelance writer based in Auckland, New Zealand with experience writing about travel and lifestyle. You can read more of her work on her Tumblr.

Please leave your comments, feedback or questions on an entrepreneurial mindset in the section below, and how it has helped you progress in your engineering career.

  • If you enjoyed this post, please consider downloading our free list of 33 Productivity Routines of Top Engineering Executives. Click the button below to download.

    Download the Productivity Routines

To your success,

Anthony Fasano, PE, LEED AP
Engineering Management Institute
Author of Engineer Your Own Success

Related Posts

  • Developing an Entrepreneurial Mindset: Risk Is Opportunity
  • TECC 103: How to Build Entrepreneurial Skills for Engineering Career and Business Success
  • TCEP 116: The Business of Engineering: A New Mindset for the Engineer of the Future
  • TECC 102: How an Entrepreneurial Mindset Shift Will Bring You Engineering Career Success
  • 5 Reasons Why You Should Encourage Flexible Engineering Work Hours

Filed Under: Blog, Business Development Tagged With: business, Entrepreneurial Mindset, healthy breaks, innovation, taking risks, Thinking like an entrepreneur, trust

Primary Sidebar

Subscribe To Our Newsletter

And Get Custom Content Delivered To You Weekly

PM Training

engineering management lessons

career readiness

Categories

  • AECT – AEC Engineering and Technology Podcast
  • Blog
    • Business Development
    • Business/Entrepreneurship
    • Career Goals and Challenges
    • Communication/Public Speaking
    • COVID19
    • Credentials
    • Enlightenment
    • Ethics & Integrity
    • Job Search/Salary/Relocation
    • Leadership/Management
    • Mentoring
    • Networking/Client Relations
    • News and Events
    • Organization/Productivity/Time Management
    • Personal Development and Professionalism
    • Program Management
    • Project Management
    • Travel
    • Work Life Balance
  • Civil Engineering
  • Engineering Career TV
  • Engineering Technology
  • TCEP-The Civil Engineering Podcast
    • Business Development
    • Business/Entrepreneurship
    • Career Goals and Challenges
    • Civil Engineering Entrepreneurs
    • Communication & Public Speaking
    • Credentials
    • Ethics/Integrity
    • Infrastructure
    • Job Search/Salary/Relocation
    • Leadership/Management
    • Mentoring
    • Project Management
    • Women in Engineering
  • TECC Podcast-The Engineering Career Coach Podcast
    • Business/Entrepreneurship
    • Career Game Changers
    • Career Goals and Challenges
    • Communication/Public Speaking
    • Credentials
    • Enlightenment
    • Job Search/Salary/Relocation
    • Leadership/Management
    • Mentoring
    • Networking/Client Relations
    • News and Events
    • Organization/Productivity/Time Management
    • Personal Development and Professionalism
    • Project Management
    • Work Life Balance
  • TEPM – The Engineering Project Management Podcast
  • TEQC – The Engineering Quality Control Podcast
  • TGEP – The Geotechnical Engineering Podcast
    • Tunneling Series
  • TSEC-The Structural Engineering Channel
  • TWiCE
  • Uncategorized
  • Women in Engineering

TECC Sidebar Featured Final

ENGINEERING MANAGEMENT INSTITUTE

We Can Help You:

  • Build solutions to attract talented professionals.
  • Develop your staff’s people skills.
  • Create career roadmaps for your staff.
  • Provide PM training for your professionals.
  • Build custom development programs.
  • Scale sustainably.

Location:

50 E. Ridgewood Avenue #129

Ridgewood NJ, 07450

800-920-4007

Copyright © 2023 • All Rights Reserved • Property of Engineering Management Institute • Terms of Service • Privacy Policy

SPECIAL DOWNLOAD

33 Productivity Routines of
Top Engineering Executives

x