INTREPRENEURIAL MINDSET
▶ Traditionally, entrepreneurship has been related with launching new businesses. a lot of people and
organization has considered entrepreneurship as an important like skill that is beyond just starting a venture.
Entrepreneurship is a life skill that readies a person to manage the vague and undefined future particularly in
the business environment. Entrepreneurship is composed of collective mindsets and skillsets that can
empower an individual to create and act on opportunities of any kind for himself.
▶ PREDICTIVE APPROACH/ CREATION APPROACH
• The older view known as predictive approach considers
• Entrepreneurship as a linear process where there are
• Steps to do and the result ae usually predictable.
• On the other hand, the recent view identified as creation
• Approach sees entrepreneurship as a mindset and a
• Method that needs practice and used only when the
• Future is unpredictable and not certain
▶ The Start of entrepreneurship in the Philippines.
Known as a developing country , the Philippines is always challenged by high poverty rate compared
against countries in Asia. Although the country has a growing average of 6% economic growth, still poverty
prevalence beyond 2% of the total population. Entrepreneurship has become the solution to poverty through
job formation , where creation and social empowerment. For now, the Philippine government sees
entrepreneurship as a sole means to address the poverty problem.
▶ In the Philippines, the Philippine Chamber of commerce and industry.
The agency under the Office of the President is an advocate of entrepreneurship which is formed the
Philippine Center for Entrepreneurship (PCE). So far, the PCE has created the “ Go Negosyo Communities”
everywhere. Professors, entrepreneurs, industry, experts and venture capitalists had joined hand to
constantly network, mentor and cooperate to support a feasibility policy infrastructure. All “ Go Negosyo”
communities have their abilities to continuously create start-up ventures.
▶ The Skills Important in entrepreneurship

Entrepreneurs are able to learn through action and manage uncertainty by developing these five
important skills. These skills could only work for those who are eager to take action.
▶ The Skill of Play
entrepreneur with skill of playing usually allows his imagination to explore, exposes his mind to a
treasure of opportunities and potentials and is very innovative. It was Piaget, the well known child psychologist
who had been commending the benefits of play for decades. Going back to those playing moments during
one’s childhood day. Having fun and being playful makes a person more attentive, involved, thrilled and
excited. Entrepreneurship can be fun also.
▶ The Skill of Experimentation
The skill of experimentation calls for entrepreneurs to act as to learn. Acting to learn means
attempting to do something, learning from such attempts and structuring said learning when the next thing
similar happens. Experimentation in entrepreneurship refers to making action. This could be done by asking
questions, confirming assumptions and noting every details in consideration.
▶ The Skills of Empathy
The skill of empathy means being sympathetic with the feeling, situation, purposes, opinions and wants of
other people. Empathy is putting one’s shoes in the shoes of others. Simply, it is relating t the feelings of
others when placed in a similar circumstance.
▶ Empathy is so vital to an entrepreneur. It is significant in order to completely understand the reality of
being an entrepreneur.
▶ Skill of Creativity
The skill of creativity means being open-minded and letting loose ones ability to create, discover opportunities
and resolve problem.
▶ Mindset its Characteristics and Essentials
Mindset is a belief that qualities like intelligence and talent are fixed or changeable traits. The word mindset
was coined by Carol Dweck in her book “ Mindset”. It was based from her research about personalities of
successful people. She found out that successful people have different mindset which are a fixed versus
growth mindset. fixed and growth mindsets are her important discoveries for people living in today’s fast
changing and very complex world.

Take the example of abundance versus scarcity as an example of mindset. A mindset of abundance
will consider that there is plenty of resources for everyone and that resources will not run out because
they are replaceable. However, a mindset of scarcity shall think that there is inadequate amount of
things around, so some people can either benefit or lose them.
▶ People with fixed mindset perceive their talents and abilities are set. They consider their brains and talents
are sufficient to become successful and endure life by becoming smart. They personally take positive
criticisms of their capabilities. A fixed mindset sees the world in an “ either/ or “ perspective.
▶ Characteristics of an Entrepreneurial Mindset

Entrepreneurship is a challenging and rewarding path.
▶ Curiosity- being courious is really shared among successful entrepreneurs. Curiosity leads to questions and
questions lead to answer. Being humble and open minded lead to greater knowledge and greater knowledge
allows more detailed reflection.
▶ Commitment – this is continuing to keep going and persist amidst problems. Rejection and
disappointment are essential elements .
▶ Optimism- attitudes towards challenges makes up successful entrepreneurs.
▶ Flexibility. Entrepreneurship is a challenging field with its unpredicted demands and continous problems. It
helps to be supple to deal with a series of difficult situations, solve problems easily and make progress from
obstacles.
▶ Ownership- Successful entrepreneurs always trust that their success comes from their own ability.
▶ Leadership -A successful entrepreneur always guides, motivates and empowers his team. It is usual for
him to share his vision with his team to inspire these people.
▶ Connection- In entrepreneurship creating a network is very important. Investment is terms of relationship
so that later this bond could be used for support when needed.
▶ Self-respect - is also vital to take care of both the body mind and spirit.
▶ World is very different on how entrepreneurs see it. These traits must be developed in order to be
successful in going forward.
▶ Essentials of the Entrepreneurial Mindset
living with entrepreneurial mindsets is really transformative knowing them is amazing. Entrepreneurial
mindsets appear to be like common sense, yet they are not common practice.
▶ Passion first – Real entrepreneurs look for what really are important to them, what they truly wanted to,
and then bring together their business around those things. The best way to be involved and continue doing
business during difficult times is to have a sense of meaning and purpose.
▶ Everything is possible. This mindset is about believing the entrepreneurs are capable of accomplishing
unexpected results. They trust that an idea could be possible to turn into reality.
▶ 100% accountable- life is easier to blame others especially when things became out of hand.
Entrepreneurs always believe that they have the power to choose their responses to any circumstance
because they have this 100% accountable mindset. For entrepreneurs through they cannot turn back the
hands of time, they need to build a new start and form a different conclusion.
▶ We are connected- entrepreneurs believe they can achieve their dreams not by being alone through they
love to be independent.
▶ Live life to give. Most people now especially business people wanted to offer their time and resources for
a valuable cause. As people in business profit more, they tend to give more. This is known today as corporate
social responsibility.
▶ Attitude of gratefulness- most people also focus much of their thoughts on what they do not possess.
This mindset provides the recognition of all positives in every experience and be thankful for these.
▶ The time is now – this mindset for entrepreneurs refers to recognizing that all their powers exist in the
moment. Entrepreneurs believe that they cannot change.