Chris Yeh, an entrepreneur, business leader, author- co-author of Blitz scaling with Reid Hoffman and co-founder of global scaling academy. On another thrilling episode of the entrepreneurial mindset, provides insight into his life as an entrepreneur and gives valuable information to you as it concerns startups. He is a graduate of Stanford and Harvard business school and has garnered tremendous experience through the years as it involves policy-making and investment in corporate funds.
As an entrepreneur, you need to develop the culture to think big; widen the scope of your knowledge. You must be realistic in your expectations. However, it is also necessary that you monitor your dreams in a way that would prevent you from setting limitations that would only restrict the purpose of your business. Therefore, think further than what the average person would expect your venture to achieve, uncover the ideas and milestones that would make you more impactful in your society.
Growth is an essential key in every entrepreneurial journey, and the way to growth is usually by introspection or identifying what could have been done better in your business. According to Chris Yeh, this is one of the most important things he has learned from Reid. He is always willing and ready to take the criticism of others around him, Reid is even usually the one asking people for opinions and trying to identify what could have been done better and in a different way. Therefore, as an entrepreneur, allow the room for growth and appreciate the opinions of people, especially when it is about the things that you could have done better in your business.
On discussing the topic of the entrepreneurial mindset, Chris Yeh identified that for you to identify as a successful entrepreneur thriving in whatever field of expertise chosen, it is essential that you possess the following characteristics; a strong orientation towards learning. This directly implies that you should readily have passion for consistent and continuous learning because every stage of your business would require a new collection of skills that you might not possess pr may not be beneficial for a particular situation.
Secondly, understand that entrepreneurship is not an individual engagement, it is a team sport, and it requires group work. Thus, if you seek success in your entrepreneur journey, you must be willing to consider the opinions and choices of the entire team, including your employees. Entrepreneurship is not a one-person show; it is a team sport.
The final characteristic that every entrepreneur should possess is the ability to persevere and remain calm through the chaos and struggle faced in your business. You must remain balanced and able to adapt to any of the changes that may occur. Therefore, the main feature that makes an entrepreneur stand out from other people in business is the ability to pursue the existence and success of your business even when you do not feel up to the task.
Observance and awareness of your actual reality as an entrepreneur also plays a massive role in determining the outcome of your entire entrepreneur journey. This is the case because it is the larger piece of a primarily considered part of the entrepreneurial mindset- self-awareness. However, many people often ignore the more significant part of self-awareness because they believe in the need to deny and ignore their reality while they should be doing the opposite. It is essential that you can identify the different happenings and situations around you, and the only way to do this is through the observance of reality.