How To Switch From Wantrepreneur To Entrepreneur | MoneyStrands

They say the first step to becoming an entrepreneur is narrowing down a profitable business idea. But if that’s the only thing you have, chances are you won’t get far.

Don’t get me wrong. Coming up with a creative concept, solving unique problems and developing a business plan are all part of the mix. But what binds those ingredients together is the mindset that sticks with it, day in, day out, year after year.

 

EMBRACE A GROWTH MINDSET

As opposed to a fixed-mindset person, someone with a growth mindset thrives on challenge and sees failures as a heartening springboard for stretching abilities. This is exactly what sets Amleto Montinari apart.

 

Fixed mindset vs growth mindset - MoneyStrands

 

Amleto left his secure, well-paid job as a Vice President of Strategy for JP Morgan to create his startup Fluttr, is the first peer-to- peer recruitment that allows professionals to expand their knowledge, get insightful connections and find their dream job. And while you might think it’s a dramatic change, he had the most interesting and inspiring journey. In fact, taking that risk placed him in a stage of his life where he’s never felt so alive.

 

STAY A STUDENT

To remain in this growth zone, Amleto sees feedback and criticism as a path to mastery, and finds lessons in the success of others. Just to mention some examples, he learned from the creator of Nike in Shoe Dog by Phil Knight and he’s currently onto The Biography of Warren Buffett.

Because the information we have before us is so vast, there is no excuse for ever ending the learning process. However, becoming a permanent student is a very personal choice. As Amleto reminded me, “you can lead a horse to water, but you can’t make it drink.”

 

MANAGE MONEY WISELY

It’s commonly assumed that successful entrepreneurs are driven by passion. But financial-related matters still pull the levers. Now – remember the saying “a smooth sea never made a skillful sailor”? That applies for entrepreneurs too.

Amleto points out that some money basics can’t be forgotten, such as not relying too much on credit cards, or not leaving your job before having saved at least one year of salary or asking for a loan to cover what’s missing.

 

Is this entrepreneurial growth mindset in you? There’s only one way to find out.

 

 


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