The Future Entrepreneur
If the definition of ‘entrepreneur’ is “someone who makes money by starting their own business, especially when this involves seeing a new opportunity and taking risks”, then it follows that a convincing definition of ‘entrepreneurial mindset’ could be:
Someone with the behaviors and attitudes to continually improve their lives or their impact on the world, especially when this involves seeing a new opportunity and taking risks.
Individuals with an entrepreneurial mindset have many of the skills, attributes, and qualities. At the micro level, this could be pursuing individual opportunities to create personal value, for example through new skills acquisition, resulting in better employability outcomes.
4 criteria needed to be a future Entrepreneur
The growing pace of online businesses could have another radical effect on the new age of entrepreneurship. Entrepreneurs are not only starting younger, but are also coming from more diverse backgrounds and sectors that are not traditionally associated with the Internet, such as agriculture startups, supply chain work, and more.
1. Intuition
Intuition is a powerful skill of the future that, once harnessed, will open up a new wave of entrepreneurial decision-making. By 2038, we believe that intuition will be part of most school curriculums and a common training protocol in most Fortune 500 companies.
2. Creativity
“The things we fear the most in organizations — fluctuations, disturbances, imbalances — are the primary sources of creativity.” — Margaret Wheatley, management consultant
Creativity is the heartblood of entrepreneurship. Too often, as brands get larger, they stop being as daring. They stop taking risks and stop producing weird, meaningful, and creative content. The entrepreneurs of the future will be those people who know the value that radical authenticity and creativity bring. The larger their companies grow, the more innovative and creative they will become.
3. Limitless vision and execution
The entrepreneur of the future is so blessed with the ability to conceive the most powerful team around them, unbounded by geography, or even by their organization. Your team is the individuals who can co-create a vision of the future of your company and execute against, and it doesn’t just have to be who you work with- it will include partnerships, vendors, friends, and mentors. Today, we can build our organizations in countries all over the world where skillsets are approachable at cost.
4. Improved learning abilities
Every day, we’re sprinting to catch up. New technology. New people. New ideas, fast changes, endless updates. In our businesses, industries, and even our daily personal lives. In this rapidly changing world, success centers around our ability to learn, unlearn, and relearn. We live in the millennium of the mind, where the right knowledge is not only power, it’s profit. An individual and team’s ability to learn quickly and translate that learning into action is the ultimate competitive advantage.
