The Entrepreneur Mindset: Discover the Entrepreneur Within

In this section, we go over the definition of mindset, and how it lays the foundation for your journey as an entrepreneur.  Your mindset and how you react to certain situations can be a great indicator of your success (or failure) as an entrepreneur.

In this section, we discuss the two primary types of mindsets: fixed versus growth. This section will help you determine which mindset you tend to favor or identify with.

Let's look at the Fixed Mindset and the Growth Mindset side by side. Where do you see yourself the most? This exercise is key in determining your mindset, and what you may need to change.

List your top mindset qualities. Do you have a fixed mindset or growth mindset?

In this section, we will discuss the different mindset that employees and entrepreneurs have. Recognizing these differences is key to success as an business owner.

In this lecture, we list the top qualities of the entrepreneur and the employee side by side. Which one do you relate to the most?

A big difference between employees and entrepreneurs is how they view money. In this lecture, we will discuss earned income: the most common type of income for employees and the average person.

The average entrepreneur views money differently than the average employee. Instead of focusing on earned income and working for money like employees, entrepreneurs attempt to increase their passive and portfolio income.

Thanks to layoffs and the inability to find a job that pays a livable wage, many people are being FORCED to become an entrepreneur. It's critical these individuals understand the dynamics of being an entrepreneur and how a shift in thinking is critical for their success. 

As an entrepreneur, we must have realistic expectations: unlike employees who get paid every 2 weeks (or less), entrepreneurs could go weeks, months or even YEARS before becoming profitable. This is a potential reality that everyone who wants to be an entrepreneur must be willing to face and accept.

If you want to be an entrepreneur, you must ask yourself some serious, soul searching questions:

• How long are you willing to work without making any money?

• What will you do if it takes much longer than anticipated to become successful?

• How will you support yourself as your business struggles to make money?

These are just some of the questions you must ask yourself as an entrepreneur.

Ask yourself the tough questions. Are you willing to make the tough sacrifices to help your business succeed?

• Are you willing to work long hours?

• Spend less time socializing with friends?

• Cutting back on living expenses?

What are you willing to do?

Statistics say most businesses fail within 5 years. Are you willing to do what it takes to beat the odds? One of the most important things you can do as an entrepreneur is to never stop learning. In this lecture, we discuss some of the top ways entrepreneurs seek knowledge.

How do you view failure? For many, failure means to give up, but for entrepreneurs, failure is viewed as an excellent learning opportunity.

How a person chooses to handle what they perceive as failure can determine how successful they will be.

Did you know one of the leading causes of business failure is burnout? Some entrepreneurs eventually wear themselves out trying to do everything themselves. What they don't realize is the most successful businesses have a talented team behind the scenes helping them.

There are many reasons to become an entrepreneur, but one motivating factor may be the downfall of your business.

In this lecture, we discuss how employees are conditioned to rely on one paycheck to pay for their various bills and lifestyle needs. On the flipside, the average millionaire has over a dozen streams of income. Savvy entrepreneurs focus on ways to generate multiple streams of portfolio and passive income.

In this lecture we define passive income: one of the primary ways entrepreneurs make money.

In this lecture, we discuss the many amazing benefits and features passive income can provide.

Here are some of the most popular (and lucrative) forms of passive income.

In this lecture, we discuss more sources of passive income. We also explore the popular strategy used by wealthy individuals of buying their "toys" such as fancy cars and other luxury items with monies received from passive income.

As we continue talking about popular passive income sources, we also discuss another investment strategy: Instead of buying family and friends fancy cars or simple giving them money, help them set up their own businesses with your passive income. This could help create a new wave of entrepreneurs and generational wealth.

In this lecture, we discuss the different types of portfolio income available. We also discuss the tax ramifications of the three types of income. Did you know portfolio income, earned income and passive income are taxed at different rates?

Can you guess which type of income is taxed the highest, and which is the lowest taxed? The answer may surprise you.

In this lecture, we discuss a wealth generating strategy that can generate multiple streams of passive income that can last for generations.

Congratulations! You made it through the entire course! It's time to go out and be the best you can be!