Startup ABC #7: Entrepreneurial Mindset

Entrepreneurial Mindset - Key to Success?

What includes THE Founder-Mindset actually? And do you have everything, what it needs, to live your dream of independence? In this blog post we want to look at the "EntrepreneurialMindset" in more detail.

At one of the last workshops on the topic of "entrepreneurial skills", in which I myself participated, we asked ourselves precisely the above-mentioned questions. This is where the Word Cloud came into being (see figure), which gives an overview of some of the skills that first come to mind. Are you also surprised how many skills there are? I was too. That's why I've summarized the most important skills in my opinion.

Top 3 "Entrepreneurial Mindset"

  1. First of all, most founders certainly have a certain mindset. This so-called "entrepreneurial mindset" reflects an approach that allows them to overcome challenges, be decisive and take responsibility for their results. There is a constant need to improve one's own skills, to learn from mistakes made and to continuously work on one's own goals. The important thing here is that anyone who is willing to put in the effort can develop an entrepreneurial mindset!
    Tip: The TU Clausthal already offers some courses that help you learn the skills of entrepreneurial thinking and acting. You can find more information here:

  2. It needs decisiveness! To be successful as an entrepreneur, it is important to gain the ability to analyze a situation or problem, examine the available data, and make a courageous decision to move forward. The ability to make decisions in a timely manner can make all the difference in a company's success. To put it bluntly, procrastinating and procrastinating too long is a major cause of business failure. Worse than any action, is waiting and doing nothing. So, train your decisiveness in everyday life and try not to delay decisions.
    Tip: You can find an interesting article on "motivation" in our blog!

  3. Do you know the saying "Fake it till you make it"? Of course, this phrase is a bit exaggerated, but there is a lot of truth in it. Especially at the beginning of entrepreneurship, you can feel very insecure and lost. Nevertheless, it is immensely important, especially at the beginning, to win over potential cooperation partners, investors and, of course, customers. An insecure appearance can be counterproductive. But what can you do to gain self-confidence?
    Tip: Gradually get used to the unpleasant feeling of knowing that you don't know everything. In many cities, there are also opportunities to take part in an improv theater and let your spontaneity run free without a script. Do you want to be a little less dramatic? Then start your own blog or share your ideas on social media. Again, you're exposing yourself to public opinion and uncertainty can't be avoided. That's a good thing, too. Let the uncertainty in small doses in your life to get used to it!

If you're already thinking about throwing in the proverbial towel, let me tell you this: Of course it's great if you already embody all of these skills, however, (most) entrepreneurs are not born with all of these skills. What really makes entrepreneurs is a strong will to acquire anything that will help the goal. Of course, one or the other talent is already in the cradle, but even if not, you can train yourself the skills that are most important for you. You just have to want it!

Key Take Aways

  1. Entrepreneurship is a skill that can be learned.

  2. Entrepreneurs are not afraid to deal with uncertainty and seek challenges.

  3. Train your mindset in small doses already in everyday life!


Published on 21.02.2022
Author: Andrea Lutsch