2 1 General Perspective on Entrepreneurial Mindse

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I'm also a problem solver by nature

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I'm trained as an engineer

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and engineering is really about solving problems

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to either fix something that's broken

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or create something new

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that is more effective than what you had before

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I think

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critical thinking is the way you approach any problem

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what is the nature of the problem

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what does the solution look like

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and is it feasible does it make sense to try

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you know if you don't recognize a problem

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you can't solve it

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and if you have a solution that's not feasible

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not realistic you can't fix the problem either

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so critical thinking is the foundation

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I think of leadership really

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you gotta be able to determine

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what are you trying to do

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what are the obstacles in your way

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what are the resources you have available

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whether it's staff or money

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or equipment or market share

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whatever it might be

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and how do you deploy those in a uniform manner

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in a forward direction

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to achieve the ends you're looking for

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and it's not just setting a plan and executing it

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it's watching as you go is it working

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if it is great

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keep doing it if it's not

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it's a little off fix it

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if it's a lot off maybe you're doing something wrong

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and this is just a judgment call you've got to make

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the essence of leadership is really

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about thinking your way

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to and through the problems you encounter

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trying to create something new

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or take over something that's working but not very well

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it applies in virtually any circumstance

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where you have an opportunity to make forward progress

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either starting from ground zero

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or taking over something that is in need of help

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and you're gonna try to fix it

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so leadership is a complicated thing

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it's hard to summarize it in just 30 seconds

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but that's a good start I think

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so you emphasize the important problem - solving

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as a very

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critical element of the entrepreneurial mindset

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I do

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yeah because I think

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I think if you look at the average startup

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and I've seen many thousands of them

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they may have a grand ambition in mind

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they may have a good solution

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but really a startup is a new collection of risks

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and uncertainties that you need to work through

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in order to reach a successful outcome

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nothing is as straightforward as you think

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We are talking more about the ontological mindset,
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which means that we don't really

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emphasize only people who will be startup founders,
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but it can be like anyone who even works for a company

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or a community or start their own business

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they all somehow can adopt the entrepreneur mindset

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yes that mindset applies anywhere

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whether in a startup

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in an established corporation in a project at home

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because what you the whole

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the real essence of that mindset is

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how do I create something new

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or better than I have today

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the very definition of entrepreneurship

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is trying to come up with a new solution

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to a problem you've uncovered

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or an inefficiency

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or a performance issue that you think you can fix

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by applying your creativity and your judgment

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and your critical thinking capacity

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and your problem solving abilities

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to make something new and better