#2 Psychology In Modern Day Entrepreneurs

in #psychology5 years ago (edited)

Two days back I started a topic inspired by @mosunomotunde with the first episode titled #1 Psychology In modern Day Entreprenurs. In my little submission, I was able to drop down some psychology reasoning that will help in little idea you are trying to magnify. If you have not laid your hand on the Part 1 read and pick out some valid point that will help you.

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Pixabay: Hiring Financial Planning Money Edited by samest


The understanding I have about entrepreneur began to grow day by day as I dwell more on the ideology. Just like the information I released on the first part of the article, as many of us have ideas that can establish our feet on the gold platform we refuse to act on those ideas because we feel no one appreciate our work.

There are three types of entrepreneur theories I read about which are, Social, Economic, and Psychology Theory but I frame all my points on this three theories.

When a man assemble or he tries to reassemble what is available before with his idea, a new pathway is generated. According to a psychologist, Schumpeter believes that all entrepreneurs are motivated by three important Will.

  • Will to Power
  • Will to find a private kingdom
  • Will to Conquer

Oh yes! you have an idea but do you really believe you can make things work with that idea you have? How sure are you in the territory you find yourself? Your success is a determinate of the capability of your will and mind to overcome fixed thought couple with the ability to withstand social opposition on the pathway of delivery of your ideas.

As a modern-day entrepreneur, you need to think like a psychology by foreseeing the future and also smell the undesirable things that might occur which we called risk assessment. Do you want to be successful as an entrepreneur then you need to predict the future with all accuracy? How do you predict future as an entrepreneur?

The key indication of your prediction as an entrepreneur is the ability to identify the business opportunities that lie in the idea you have when starting up a business. There is much business you might have engaged yourself in or you have studied, pass experiences will guide you and show you the way to follow or way not to follow if you must succeed. Yes, prediction can either be true or false but what keep you going is your self-determination. Your personal character has an influence on your success as an entrepreneur.

Entrepreneur Are Born or Made?

When I was building myself in the areas of reasoning I say to myself, do you think you can do this? I think this is for some kind of people... not all humans can have time to study, analyze and bring out ideas... hmmm. One day I change my orientation I rose up to the challenge and here I am. When you carry the same mind to what makes up an entrepreneur, some believe that not everyone can own a business and this has been the reason why many wastes away their beautiful ideas. Truthfully there are people that are born into entrepreneurship based on the family and the surroundings they find themselves but again you can become one by training and by action.

To become a successful entrepreneur you must give yourself to training, seminars, presentations, and information that will help you to become one.

Listen to this, if you don't build your ideas, you will be employed by another person to build his idea and get paid. While do you want to waste your idea at the expense of another just because you feel becoming a business owner is not for everyone. Wake up and get the thing done by yourself and surround yourself with people that will help you to reach that success point.

In conclusion, friends, colleague, and business owners, an entrepreneur is a continuous phenomenon, you need to always check your present state in business and benchmark it with your goal, this will help in your strategy and process to meet up the future prediction.

Get inspired, get started, get rewarded.

Thanks for reading.

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