ENTREPRENEURIAL

MINDSET
DR. PHILIP M. ALMANON
 UPON COMPLETION OF THE SESSION ON ENTREPRENEURIAL
MINDSET, STUDENTS WILL BE ABLE TO:

Understand the concept of an

entrepreneurial mindset and
its significance in
entrepreneurship.

Objective: Demonstrate increased

awareness of the importance of
risk-taking and resilience in
entrepreneurial endeavors..

Apply creative and innovative

thinking techniques to identify
opportunities and solve
problems in entrepreneurship.
Entrepreneurial mindset
Entrepreneurial mindset refers to a specific
state of mind that orientates human conduct
toward entrepreneurial activities and effects.
Individuals with entrepreneurial mindsets are
regularly interested in possibilities,
innovation, and new value introduction.
 ENTREPRENEURIAL MINDSET
The entrepreneurial mindset refers to a set of attitudes, behaviors, and qualities
that enable individuals to think and act like entrepreneurs. It involves adopting an
innovative and proactive approach to problem-solving and opportunity recognition.
 Key Characteristics

SELF-
VISION: CONFIDENCE: ADAPTABILITY:

Entrepreneurs Confidence in The ability to

possess a clear one's abilities and adapt to changing
circumstances
vision of their ideas is essential
and pivot when
goals and for entrepreneurs
necessary is
aspirations, to take risks and
crucial for success
allowing them to pursue
in a dynamic and
stay focused and opportunities
uncertain
motivated amidst with conviction.
business
challenges.
environment.
 Key Characteristics

PERSISTENCE: RESOURCEFULNESS:

Entrepreneurs Entrepreneurs are

demonstrate resilience resourceful problem-
and perseverance in solvers who leverage
the face of setbacks their creativity and
and failures, viewing ingenuity to overcome
them as learning challenges and achieve
their objectives.
opportunities rather
than obstacles..
 TYPES OF MINDSET

GROWTH MINDSET FIXED MINDSET

1. A growth mindset embraces 1. A fixed mindset avoids
challenges challenges.
2. Learn from feedback and 2. Ignores feedback and
criticism. criticism.
3. The growth mindset believes 3. Believe intelligence and
intelligence and talent can be talent are fixed.
developed. 4. A fixed mindset gives up
4. Try hard and never give up. easily.
5. A growth mindset gets 5. Fixed mindset envy from
inspired by other's success. other's success.
6. Growth mindset learn from 6. Get stuck after a failure.
failure 7. Fixed mindset quit learning
7. keep learning after college.
 Developing the
Entrepreneurial Mindset

Foster an optimistic Help individuals set

outlook, emphasizing specific, measurable,
achievable, relevant, and
the importance of
time-bound (SMART)
reframing challenges as
Self-Reflection: opportunities and Goal Setting: goals to clarify their vision
and provide direction for
maintaining a solution-
their entrepreneurial
oriented journey.
 Developing the
Entrepreneurial Mindset

Encourage individuals Promote a growth

mindset that embraces
to reflect on their
learning and personal
strengths, weaknesses,
development,
and areas for growth to
encouraging individuals to
Positive Thinking: cultivate self-awareness Continuous Learning seek new knowledge and
and identify
skills to enhance their
opportunities for entrepreneurial
improvement. capabilities.
 Risk-taking and Resilience
Risk-Taking in Entrepreneurship:
Entrepreneurs are inherently risk-takers who are
willing to take calculated risks to pursue opportunities
and achieve their goals.

Risk-taking involves assessing the potential rewards

and consequences of decisions and taking action
despite uncertainty or the possibility of failure.

Effective risk management involves identifying,

evaluating, and mitigating risks to minimize negative
outcomes while maximizing opportunities for success.
 Risk-taking and Resilience
Resilience in Entrepreneurship:
Resilience refers to the ability to bounce back from
setbacks, adapt to change, and thrive in the face of
adversity.

Entrepreneurship is inherently challenging, requiring

entrepreneurs to navigate obstacles, failures, and
rejection with resilience and determination.

Resilient entrepreneurs view failures as learning

experiences, allowing them to grow stronger and more
resilient with each setback.
 Risk-taking POSITIVE SELF-TALK: SEEKING SUPPORT:
and Resilience Encourage individuals Encourage individuals to
to cultivate a positive seek support from
internal dialogue and mentors, peers, and
Strategies for practice self- support networks to gain
Building Resilience compassion, especially perspective, advice, and
during difficult times. encouragement during
challenging times.
 MINDFULNESS AND STRESS
Risk-taking ADAPTABILITY:
MANAGEMENT:

and Resilience Foster adaptability by Promote mindfulness

encouraging individuals practices and stress
to embrace change, management techniques
Strategies for learn from failures, and to help individuals build
Building Resilience pivot when necessary to emotional resilience and
overcome obstacles and cope with stressors
seize new opportunities. effectively.
 CREATIVITY IN ENTREPRENEURSHIP:
Creativity is the ability to generate novel
Creativity and ideas, solutions, and approaches to problems
or challenges.
Innovation in
Entrepreneurship In entrepreneurship, creativity is essential for
identifying new business opportunities,
developing innovative products or services,
and differentiating oneself in the market.

Entrepreneurs leverage their creativity to

think outside the box, challenge
conventional thinking, and disrupt
existing industries with innovative
solutions.
 INNOVATION IN ENTREPRENEURSHIP:

Innovation involves the process of

Creativity and transforming creative ideas into tangible
outcomes that create value for customers,
Innovation in stakeholders, and society.
Entrepreneurship Entrepreneurs are innovation drivers,
constantly seeking new ways to solve
problems, improve processes, and meet
evolving market needs.

Successful entrepreneurship often involves

the commercialization of innovative ideas,
leading to the creation of new products,
services, business models, or processes that
disrupt markets and drive growth.
Creativity and Innovation in
Entrepreneurship
FOSTERING CREATIVITY AND
INNOVATIONRENEURSHIP:

Encouraging Divergent
Thinking :

Promote divergent thinking by

encouraging individuals to explore
multiple perspectives, generate a
wide range of ideas, and challenge
assumptions.

Creating a Culture of Cross-Disciplinary Providing Resources and

Experimentation Collaboration: Support:
Foster a culture that embraces Encourage interdisciplinary Provide access to resources, tools,
experimentation, encourages risk- collaboration and diversity of and support networks that enable
taking, and rewards creativity and thought to stimulate creativity and individuals to develop and
innovation. innovation through the exchange implement creative ideas
of ideas and perspectives. effectively.
THANK
YOU