Introduction-to-Entrepreneurial-Mindset.pptx

INTRO TO ENTREPRENEURIAL MINDSET PPT

1. Introduction to entrepreneurial Mindset Week 2 – Module 2

2. What is Entrepreneurship? The pursuit of starting, managing, and scaling a business Combines innovation, skills, and vision Develops new products, services, or ideas Who is an Entrepreneur? Starts and runs a business Aims to solve problems and create solutions Entrepreneurship is as much a mindset as a vocation

3. What is Entrepreneurial Mindset? A combination of beliefs, knowledge, and a way of thinking Allows you to approach challenges, act on ideas, and balance risk Can be achieved regardless of innate strengths Developed through personal growth exercises and trial and error

4. What is a Mindset? Mental attitude or beliefs about the world and ourselves ( Thum , 2012 ) Sum of our knowledge, beliefs, and thoughts Determines how we receive and react to information

5. Types of Mindset (Carol Dweck ) Fixed Mindset Talents and abilities are set traits Take criticism personally Feel confident in their capabilities Growth Mindset Abilities can be developed through effort and dedication Perceive failure as an opportunity to improve Eager to enhance qualities through learning and practice

6. The importance of entrepreneurial mindset Why is it important?

7. Myths and misconception about entrepreneurship Why do people think this way?

8. Entrepreneurs are doers, not thinkers. Entrepreneurs are born, not made. Entrepreneurs are always inventors. Entrepreneurs are academic and social misfits. Entrepreneurs must fit the "profile“. All Entrepreneurs Need Is Money. All Entrepreneurs Need Is Luck. Ignorance is bliss for an entrepreneur. Entrepreneurs seek success but experience high failure rates. Entrepreneurs are extreme risk takers (gamblers)

9. Cultivating a Growth Mindset and adaptability

10. Understanding the Growth Mindset: Coined by psychologist Carol Dweck , a growth mindset is the belief that talents and abilities can be developed through effort, learning, and persistence. In contrast, a fixed mindset assumes that skills are innate and static. By cultivating a growth mindset, you can overcome challenges, learn new skills, and ultimately adapt to an ever-changing job market.

11. Growth Mindset vs. Fixed Mindset To achieve successful entrepreneurship, understanding the interplay between two core mindsets—the growth mindset and the fixed mindset ( Dweck , 2006)—is crucial. What sets these mindsets apart? It hinges on the belief in one's capacity for fundamental change. Entrepreneurs with a growth mindset trust that their talents, beliefs, personality, and habits are malleable, developed through perseverance. They’re convinced that outcomes are earned through dedicated effort. Conversely, those with a fixed mindset view a person’s abilities, behaviours , and character as static. They might think, for instance, that innate intelligence leads to quick learning, or natural charisma paves the way for success, regarding these traits as largely unchangeable.

12. Benefits of Growth Mindset in Career Development Embracing Change : A growth mindset encourages individuals to see change not as a threat but as an opportunity for growth. Whether it’s a new technology or shifting market dynamics, you can better respond to changes when you approach them with curiosity. Continuous Learning : Those with a growth mindset proactively seek learning opportunities, whether through courses, mentorships, or self-study. This commitment to ongoing education helps professionals stay ahead of industry trends. Resilience in Adversity : Setbacks and failures are inevitable, but a growth mindset helps reframe them as valuable learning experiences. This resilience is vital in maintaining motivation and focus in challenging times. Innovative Thinking : By fostering curiosity and flexibility, a growth mindset encourages creative problem-solving and innovation, both highly sought-after skills.   Career Transitions : Whether switching roles or industries, adaptability is critical. A growth mindset helps you identify transferable skills and develop the confidence needed to pursue new career paths.

13. Steps to Cultivate a Growth Mindset Recognize Limiting Beliefs : Identify areas where you may have a fixed mindset. Replace self-defeating thoughts with more empowering ones. Set Learning Goals : Instead of focusing solely on performance metrics, prioritize personal development goals that allow you to learn new skills and broaden your expertise. Seek Feedback : Constructive criticism is a valuable tool for growth. Actively seek feedback and treat it as an opportunity for improvement. Celebrate Effort, Not Just Results : Recognize the value of perseverance and the learning process, even if the outcome isn’t perfect. Surround Yourself with Positive Influences : Engage with colleagues and mentors who embody a growth mindset and inspire you to push beyond your comfort zone. Experiment with New Approaches : Try new methods or projects that stretch your abilities, even if there’s a risk of failure. It’s a chance to learn something new.

14. The Essence of Adaptability Adaptability is the art of embracing the ever-changing environment of life and work. It involves the ability to adjust, thrive, and find opportunities in different situations. It's the key to staying relevant and resilient in an ever-evolving situation. Adapting to the evolving job market requires both the willingness to embrace change and the dedication to continuous learning. Developing a growth mindset empowers you to view challenges as opportunities for growth, helping you stay relevant, innovative, and resilient in your career journey. By mastering the art of adaptability, you’ll be well-positioned to thrive in any professional environment.

15. Adaptability is no longer optional in today’s dynamic workplace. As technology advances, industries shift, and global competition intensifies, employees who can quickly adapt to changing circumstances are highly valued ( Mischel , 2014). This involves embracing new technologies, learning new skills, and adjusting to new work environments, all while maintaining a positive and proactive attitude. Cultivating a growth mindset and adaptability isn’t just about career success; it’s about unlocking your full potential as an individual. By embracing challenges and learning from experiences, you can continuously grow and evolve, becoming a more well-rounded and resilient person. This journey of personal growth is ongoing, and by adopting a growth mindset and embracing adaptability, you can navigate life’s ups and downs with greater confidence and purpose.

16. GROUP 1– WEEK 2 BSN 4C