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7 Things You Can Do to Enhance Your Entrepreneurial Mindset

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Your success as an entrepreneur doesn’t only rely on your ability to deal with numbers and finances. Even though your skill may pave the way for numerous opportunities, capitalizing on those chances is an entirely different thing. With all the complexities that can arise, your performance as a business owner will heavily depend on your mental fitness.

Developing an entrepreneurial mindset is just as important as improving your skillset. A person with a strong mind will know when to take risks, can think of solutions outside the box, and has the strength to embrace uncertainty. Luckily, this mindset can be developed with time and effort.

Here are some things you can do to enhance your mental fitness.

1. Set a time for daily reflection

In Stephen Covey’s 7 Habits of Highly Effective People, he states the importance of beginning with an end in mind. As an entrepreneur, one of the most important things you need to have is a clear vision of what you want to achieve. Other than serving as your road map, the milestones you’ve set serves as a reminder of why you’re enduring the challenges you’re currently facing.

With this in mind, it’s essential to set a few minutes of your day dedicated to you and your thoughts. Constant reflection will allow you to see things clearly to make decisions based on the big picture. Setting sticky notes on your workstation, listening to inspirational speeches, and putting motivational wallpapers on your phone can also help.

2. Seek out mentors

Getting multiple mentors is beneficial in a lot of ways. Since you have guiding figures that know the ins-and-outs of their industries, you’ll be able to tell if your ideas are feasible, see things from multiple perspectives, and gain insight from their experiences. When it comes to seeking them out, keep in mind that you don’t need to know them personally. Thanks to learning platforms such as video tutorials and online seminars, you can be coached by knowledgeable figures anytime and anywhere.

3. Read everyday

Aside from getting a mentor, setting aside a few minutes of your day to read is also an excellent way to expand your knowledge. Books, articles, and all kinds of blogs allow you to dissect the experiences of the experts that have published them. By learning from their mistakes and successes, you can gain insight and concrete examples of what you should do and avoid as an entrepreneur.

4. Put yourself in challenging situations

Mental growth is acquired by going through difficult situations. If you want to improve your mindset, the most effective way to do it is to seek out challenges. Other than attempting to exceed the service expectations of your clients, you can also improve your mindset by performing daily tasks that aren’t even related to your business.

Challenging yourself always allows you to develop soft skills and values that can be useful in your professional life. Something as simple as learning a new hobby can already pose a lot of mental benefits and provide avenues for growth.

5. Attend entrepreneurial events

In this day and age, networking has never been more critical. Attending entrepreneurial events is the easiest way to build genuine relationships with other business owners. If you’re visiting one soon, remember that your main goal shouldn’t be to pitch your business. Instead, you should take the time to build your professional network and acquire valuable insight from likeminded entrepreneurs. You may not require a partnership in the meantime, but having a decent number of connections across various industries will prove useful in the years to come.

6. Build a routine

With your busy schedule in mind, nothing is more precious than the time and energy you have. The best way to stay in control of both is to provide structure for every single day. You’ll need to develop discipline in both your professional and personal life. Other than controlling your financial tendencies by regularly monitoring your money flow, developing the right routine will significantly increase your day-to-day productivity. 

Effectively managing your hours will require you to know what your priorities are. By taking note of those, you can quickly point out distractions and spend your time on more important matters.

7. Teach others

Teaching others is a fulfilling and enriching experience for both parties. When you’re helping someone out with their business ventures, you’ll need to go back and reflect on the similar experiences you’ve had. You may now see past situations in a different light and acquire new perspectives you can apply to your business today. At the same time, being exposed to the ideas of the person you’re helping out can give you a big boost of inspiration when you feel like you’re plateauing.

Being an entrepreneur goes beyond your ability to manage your resources. With innovations in technology and the development of new practices constantly changing the dynamics of industries, being a successful entrepreneur now requires a certain degree of mental strength.

Doing the things mentioned above would allow you to develop an entrepreneurial mindset that can benefit you greatly in both your professional and personal life.

AJ Balois is a Content Manager at BPI-Philam, a bancassurance company, based in the Philippines. She’s been working in the banking and insurance industry for seven years. Upon realizing the power of being financially literate, AJ promised to share her knowledge through informative and educational content.   

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Entrepreneurs

The Leadership Shift Every Company Needs in 2025

Struggling to keep your team engaged? Here’s how leaders can turn frustrated employees into loyal advocates.

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In workplaces around the world, there’s a growing gap between employers and employees and between superiors and their teams. It’s a common refrain: “People don’t leave companies, they leave bad bosses.”

While there are, of course, cases where management could do better, this isn’t just a “bad boss” problem. The relationship between leaders and employees is complex. Instead of assigning blame, we should explore practical solutions to build stronger, healthier workplaces where everyone thrives.

Why This Gap Exists

Every workplace needs someone to guide, supervise, and provide feedback. That’s essential for productivity and performance. But because there are usually far more employees than managers, dissatisfaction, fair or not, spreads quickly.

What if, instead of focusing on blame, we focused on building trust, empathy, and communication? This is where modern leadership and human-centered management can make a difference.

Tools and Techniques to Bridge the Gap

Here are proven strategies leaders and employees can use to foster stronger relationships and create a workplace where people actually want to stay.

1. Practice Mutual Empathy

Both managers and employees need to recognize they are ultimately on the same team. Leaders have to balance people and performance, and often face intense pressure to hit targets. Employees who understand this reality are more likely to cooperate and problem-solve collaboratively.

2. Maintain Professional Boundaries

Superiors should separate personal issues from professional decision-making. Consistency, fairness, and integrity build trust, and trust is the foundation of a motivated team.

3. Follow the Golden Rule

Treat people how you would like to be treated. This simple principle encourages compassion and respect, two qualities every effective leader must demonstrate.

4. Avoid Micromanagement

Micromanaging stifles creativity and damages morale. Great leaders see themselves as partners, not just bosses, and treat their teams as collaborators working toward a shared goal.

5. Empower Employees to Grow

Empowerment means giving employees responsibility that matches their capacity, and then trusting them to deliver. Encourage them to take calculated risks, learn from mistakes, and problem-solve independently. If something goes wrong, turn it into a learning opportunity, not a reprimand.

6. Communicate in All Directions

Communication shouldn’t just be top-down. Invite feedback, create open channels for suggestions, and genuinely listen to what your people have to say. Healthy upward communication closes gaps before they become conflicts.

7. Overcome Insecurities

Many leaders secretly fear being outshone by younger, more tech-savvy employees. Instead of resisting, embrace the chance to learn from them. Humility earns respect and helps the team innovate faster.

8. Invest in Coaching and Mentorship

True leaders grow other leaders. Provide mentorship, career guidance, and stretch opportunities so employees can develop new skills. Leadership is learned through experience, but guided experience is even more powerful.

9. Eliminate Favoritism

Avoid cliques and office politics. Decisions should be based on facts and fairness, not gossip. Objective, transparent decision-making builds credibility.

10. Recognize Efforts Promptly

Recognition often matters more than rewards. Publicly appreciate employees’ contributions and do so consistently and fairly. A timely “thank you” can be more motivating than a quarterly bonus.

11. Conduct Thoughtful Exit Interviews

When employees leave, treat it as an opportunity to learn. Keep interviews confidential and use the insights to improve management practices and culture.

12. Provide Leadership Development

Train managers to lead, not just supervise. Leadership development programs help shift mindsets from “command and control” to “coach and empower.” This transformation has a direct impact on morale and retention.

13. Adopt Soft Leadership Principles

Today’s workforce, largely millennials and Gen Z, value collaboration over hierarchy. Soft leadership focuses on partnership, mutual respect, and shared purpose, rather than rigid top-down control.

The Bigger Picture: HR’s Role

Mercer’s global research highlights five key priorities for organizations:

  • Build diverse talent pipelines

  • Embrace flexible work models

  • Design compelling career paths

  • Simplify HR processes

  • Redefine the value HR brings

The challenge? Employers and employees often view these priorities differently. Bridging that perception gap is just as important as bridging the relational gap between leaders and staff.

Treat Employees Like Associates, Not Just Staff

When you treat employees like partners, they bring their best selves to work. HR leaders must develop strategies to keep talent engaged, empowered, and prepared for the future.

Organizational success starts with people, always. Build the relationship with your team first, and the results will follow.

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Entrepreneurs

What Makes an Entrepreneurial Leader? Traits of the World’s Best Innovators

Inside the mindset of entrepreneurial leaders who transform risk, passion, and vision into world-changing results.

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When you think of Richard Branson (Virgin Group), Bill Gates (Microsoft), Steve Jobs (Apple), Rupert Murdoch (News Corporation), and Ted Turner (CNN), one thing becomes clear: they are not just entrepreneurs, they are entrepreneurial leaders. (more…)

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Entrepreneurs

Building a Business Empire: Lessons from the World’s Boldest Entrepreneurs

Learn essential lessons, success strategies, and mindset shifts every aspiring entrepreneur needs to overcome challenges and build a thriving business.

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Back in July 2017, I attended a business seminar on entrepreneurship in India. With my appetite for learning and meeting new people, I wanted to explore the latest developments in the entrepreneurial world. (more…)

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Change Your Mindset

Why Ideas Are More Valuable Than Resources for Entrepreneurial Success

Discover why ideas, not resources, are the true driving force behind entrepreneurial success, innovation, and lasting growth.

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History shows us that the greatest minds, Albert Einstein, Thomas Edison, Oprah Winfrey, Michael Jordan, Walt Disney, Stephen King, and countless others, faced failure early on. Yet, instead of seeing failure as the end, they treated it as a comma in their story, not a full stop. (more…)

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