ACTIVITY
For you to be ready in this lesson, perform the activity first.
Below is a bubble quotes, you are tasked to write your ideas about the topic
ENTREPRENEURIAL
MINDSET AND
OPPORTUNITY
ANALYSIS
What are your insights and
realization in answering the
activity?
•A mindset is a belief that qualities
like intelligence and talent are fixed
or changeable traits. The word
mindset coined by Carol Dweck in
her book “Mindset”. It was based
from her research about
personalities of successful people.
People with a fixed
mindset perceive that
their talents and abilities
are set. They personally
take positive criticisms of
their capabilities. A fixed
mindset sees the world
in an “either/or”
perspective.
Growth Mindset trust traits
can be changed, developed
and strengthened by
working on them. These
people are certain that their
abilities could developed by
commitment,
determination, and
obviously hard work. They
also, see failure as an
opportunity to enhance
their performance and take
mistakes as lesson.
FIXED VS. GROWTH MINDSET
Fixed Mindset Growth Mindset
I’m either good at it, or I’m not I can learn anything I want to
When I’m frustrated, I give up When I’m frustrated, I persevere
I don’t like to be challenged I want to challenge myself
When I fail, I’m no good When I fail, I learn
Tell me I’m smart Tell me I try hard
If you succeed, I feel threatened If you succeed, I’m inspired
My abilities determine everything My effort and attitude determine everything
Entrepreneurial
Characteristics of
Mindset
• Being curious is really shared among
successful entrepreneurs
1. C u r i o s i t y • Curiosity leads to questions,
and questions lead to
answers.
• This trait strengthens the ability to understand
things with a new standpoint.
2. C o m m i t m e n t
This is continuing to keep going
and persist amidst problems.
The focus should be on
achievements, because it would
motivate the entrepreneur to
persevere as he moves forward and
continues to harvest good
outcomes.
3. O p t i m i s m
The entrepreneur Tough attitude
should be hopeful in towards the challenge
exploring its many makes up successful
learning opportunities entrepreneurs
Entrepreneurship is a challenging
field with its unpredicted demands
and continues problems.
It helps to be supple to deal with
a series of difficult situations
Solve problems easily and make
progress from obstacles
4. F l e x i b i l i t y
Successful entrepreneurs always trust that
their success comes from their own ability
Have high internal focus of control
It has always been their attitude to be
responsible for the things that they do
5. OWNERSHIP
6. Leadership
A successful entrepreneur
always guides, motivates, and
empowers his team
Through convincing communication
and involving his team, an effective
entrepreneur is able to attain his
visions
7. Connection Entrepreneurs must choose
those people that would
form his collective links so
that he could breed his idea
In entrepreneurship
creating network is
There should be both
very important.
emotional and financial bonds
Investment in terms of relationship so that later this bond could be used for support when needed
8. Self-respect
It is vital to take care both Taking care of oneself daily
of the body, mind and through rest, exercise, and
spirit. diet is essential.
Essentials of the Entrepreneurial
Mindset
1. Passion First - Most often times a company has so many problems. The best
way to be involved and continue doing business during difficult times is to
have a sense of meaning and purpose.
2. Everything is possible – This mindset is about believing that entrepreneurs
are capable of accomplishing unexpected results.
3. 100% Accountable – Entrepreneurs believe that they have the power to
choose their responses to any circumstances.
4. We are connected – This mindset is activated by synergies in every
relationship. Entrepreneurs take honor in competition because they believe
that working with, for and through others pushes their potentials
5. Live life to give – This is known today as corporate social responsibility.
Embracing this mindset means incorporating the daily works with the
philosophy they believe in.
6. Attitude of Gratefulness – This mindset provides recognition of all positives
in every experience and be thankful for these.
7. The time is now – This mindset for entrepreneurs refers to recognizing that
all their powers exist in the moment. This trait strengthens the ability to
understand things with a new standpoint.
Entrepreneurship
as a Habit
A habit is an unconscious behavior done
often regularly. Good habits can be
acquired using “habit loop”. This habit
loop is a process wherein the brains
makes decision whether to store or
repeat such behavior.
The Self-Leadership Habit
Self leadership needs implementation of
three important strategies:
1. Behavior-focused
This strategy concerns enhancing self-
awareness to manage behaviors especially
when dealing with essential but not-so-
good tasks.
Here are the ways to accomplish this strategy:
a. Self-Observation This increase the consciousness of how, when, and why
entrepreneurs behave the way they do in some
situations
b. Self-Goal Setting This concerns the process of planning goals of
entrepreneurs
c. Self-Reward This is about paying oneself after accomplishing the set
goals with either tangible or intangible rewards
d. Self-Punishment This is allowing entrepreneurs to evaluate their behaviors
in order to reform them
This is making lists and notes or writing motivational
e. Self-Cuing posters as reminders of the planned goals
Self leadership needs implementation of
three important strategies:
2. Natural Reward
This is about making every tasks enjoyable
by emphasizing the positive aspects of each
task and its importance
Self leadership needs implementation of
three important strategies:
3. Constructive-Thought
This means creating positive and productive
means of thinking that are advantageous to
the performance of entrepreneurs.
T he Cr eativity Habit
Creativity is the capacity of turning
fresh ideas, insights, inventions,
products or artistic objects that are
considered to be unique, useful
and of value to others into reality.
Creative people are open to
experiments and do not fear to
commit mistakes. Entrepreneurs
are said to be creative people
because they are constantly in
practice of creativeness.
Problems in the practice of creativity which are:
1. Fear
2. No craving for disorder
3. Fondness for judging over making ideas
4. Distaste for nurturing ideas
5. Perceived shortage of challenge
6. Failure to differentiate reality from fantasy
T he Impr ovisation Habit
Improvisation is the Entrepreneurs though start with good
unstructured way of ideas often times possess limited
creating something resources, unpredicted market
situations or conflicts inside the
in the absence of company hinder them to realize their
planning initial plans.
Improvisation helps
entrepreneurs
outperform their
competitors who do not
possess this habit
Self-Leader ship
Cr eativity
The habits essential towards
I m pr ovisation
entrepreneurial actions. The Entrepreneurial self-efficacy is the
best idea would be useless best belief that entrepreneurs has
unless not leading to actions. the capability to start a new
business. It is the vital element of
the entrepreneurial mindset
AP P L I C AT I O N
What entrepreneurship habit do
you think is the most effective on
starting up a business?