Successful Entrepreneurs Have the Right Mindset, Beliefs Part One

Have you ever noticed that some small businessthree column chart on your page. At the top of the
owners seem to have everything in place -- theyfirst column, write Belief. At the top of the second,
have a great product or service, sufficient funding,write From Whom, and at the top of the third
good marketing and other systems set up and evencolumn, New Belief.
have some clients -- but yet they either fail to thrive,The process is to write down a belief you have
or they fail all together? It's surprising to see this,about money in the first column, and write who told
until you look deeper at the business owner. Theyou that or where you learned it in the second
root cause of the problem is often a mindset that iscolumn. Decide if the belief is supportive of your
not set for success.goals. If it is, write it in the third column. If it is not,
To develop a mindset of success, entrepreneursthen create a new statement it in the third column.
need to look at three factors: beliefs, self-talk andWhat often helps is to think about money-related
self-care. These three factors are interrelated and instatements you were told as a child, and then write
this article, we are going to look at 'beliefs' because itthese statements in the first column. For example...
is the base for the other two factors.- "We don't have the money." "Money doesn't grow
Most experts believe that our primary beliefs areon trees." Statements such as these tend to form
formed in early childhood before age eight. They arescarcity beliefs; there isn't enough money to go
so ingrained that they become a part of ouraround.
subconscious mind. One of the purposes of the- "You're always asking for money." "You're never
subconscious is to protect us by keeping our outersatisfied." The belief is that you're greedy if you ask
life congruent with our inner beliefs. Consequently,for something or want more.
inner beliefs residing in your subconscious mind affect- "Rich people don't care about the little guy." "Those
everything you do and say, and ultimately, the resultsconceited 'east-siders' (or wherever those with more
you get in life. The beliefs formed in childhoodmoney reside) think they're so hot!" The belief: having
generally remain the same unless a persona lot of money makes someone a bad person.
experiences a life-changing event that causes change- "I should have married a doctor instead of a truck
in a belief, or he consciously decides to change adriver, and then I could buy new clothes when I
belief and puts steps in motion to live the new belief.need them." Belief: your money will come from your
While it is common for people to carefully considerspouse, not you.
their beliefs in religion or life philosophy, there areNote: This is not meant to be a judgment on the
other beliefs that are seldom considered. A few thatvalidity of the statements when they were made.
directly relate to a person's success in business areThe purpose is to identify statements that you heard
beliefs about money, status, and one's identity andregularly because the repetition of them is what
value.solidifies them into a belief.
Let's use beliefs about money for our example. As anUsing the statement, "We don't have the money" as
entrepreneur, you probably have goals related toan example, the second column would list who
money, such as profit or revenue, and what you planrepeatedly said that. In the third column, write a new
to do with the money (i.e. business expansion, travel,statement for success, such as, "Money is abundant
new home, charity). While it's fabulous to have thesein my world" or " I am earning (or I have) all the
goals, if your inner beliefs about money do notmoney I need and want".
support them, you are fighting a losing battle withContinue this until you have restated all of the
your subconscious mind. If you believe having a lot ofstatements in column one. You may also benefit by
money is bad, or that rich people take advantage ofrepeating the exercise for status, who I am, or my
others, your business success (and personal finances)value.
will reflect that belief.By completing this exercise, you are on your way to
To determine whether you have inner beliefs abouta mindset of success. The next article in this series
money that do not support your goals and desires,will address ways to create your new beliefs using
get a pen and paper and do this exercise. Draw athe statements in the third column.