Evan Carmichael says mindset separates successful entrepreneurs from failures. You need three beliefs: passion for what you're building, confidence in yourself despite doubt, and faith that it will work out. He uses Steve Jobs as an example of someone who persevered through uncertainty.
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What makes a successful entrepreneur? I got a great question today from one of my YouTube viewers, Dieter. Love you guys. Dieter's a hardcore viewer, and he wrote in to say, "What makes the difference between a successful entrepreneur and someone who doesn't make it? Is it personality? Is it mindset? Is it skills? What is it?" He's struggling. He wants to know what makes the difference. So I'm going to tell you today. Let me first start off by telling you what it's not. Okay, it's not skills. You don't have to have a certain skill set to be a successful entrepreneur. Skills can be learned. If you need to develop a skill to be successful in your field, you can learn whatever skill you need to have. It's not about skills. Okay, it's not about your personality. You think often, you know, I'm too shy to be a business owner. I'm not a Type A personality. I'm not the person who tends my business gives business cards out to everybody. You don't need to be that person. That can help, but it's not the only way to stand. I'm not the guy who gives my business cards to everybody at networking events. I'm not the guy who gets on a plane and starts up a conversation with the guy next to me and starts talking about my business to promote it. I'm not that guy. I don't like doing that stuff. You don't have to be that type A personality. To me, What it comes down to is mindset. Okay, you don't even have to be able to read properly. Richard Branson has dyslexia and he's become a massively successful entrepreneur. The difference is mindset. I have a, a Zuga guide that walks through 100 questions that you need to answer to figure out if you have the entrepreneur's mindset. But let's kind of summarize, we don't have time in this video. I'm going to come down to 3 belief statements. Okay, this, this is what makes the difference between successful entrepreneurs and ones who don't try or the ones who don't give it their all and don't become successful. Okay, first is believe in what you're doing. You have to believe that you're doing the right thing. You have to believe that the passion that you have for your product, your service, your company is legit, like you are doing the right thing. It has to feel good doing what you're doing. And most entrepreneurs just start off trying to make money. It's not gonna last. You're gonna quit, you're gonna fail. You cannot start a business just to make money. You have to make money, yes, and you will make a lot of money, make a lot of money. And the more you believe in your product or your service and the more you're helping people, the more money you're going to make. But it's not the goal. It's not why you started your business. You have to have a passion for it. So believe in what you're doing. It's critical. And you know, if you don't believe me, look at any famous entrepreneur, read their biography, read about how they got started, read about why they got started. Nobody talks about making money. Money is never the number one goal for them. They end up making a lot, but it's not the goal at the start. So believe in what you're doing. The second is believe you can do it. Have the confidence to believe in yourself, because we get stuck in, in, in our heads and we listen to the little man, the people in our lives who tell us that we're not going to make it. We have limiting beliefs thinking that we can't get this done. You have to believe in yourself, and you're not going to be Superman, okay? You're not going to believe you can do everything all the time. You're going to have moments —of crisis, moments of doubt constantly, especially at the early stages of your business. You will constantly doubt yourself, but you have to believe that you can do it. And a lot of that comes from believing that you're doing the right thing. If you don't believe you're doing the right thing, then you won't believe you can do it. The third one is believe that it will work out, and this might be the hardest one of all. You have to believe that this idea of yours will work out. That even though right now it doesn't make any sense, you have no momentum, you have no customers, you're struggling to pay the bills, there's nobody on your team, it's just you and an idea, you see darkness all around you, you have no hope, you have to believe that it's still going to work out. One of my favorite examples is Steve Jobs. When he started his business, Apple, he dropped out of college. He dropped out of his classes to drop in on courses like typography, to learn about fonts. He dropped in on computer clubs. People said, "What are you doing? You're leaving your classes, your college degree here to go learn about fonts and computers? Nobody's gonna need a computer." It didn't seem like a logical thing to do. And even he didn't know what was going on. He didn't have this vision that personal computers would, would be a huge revolution. He was just exploring his passion because he knew that going this other route, that wasn't for him. But he had faith that the dots would somehow connect. He believed that somehow, even though he just saw darkness around him, somehow it would work out for him if he kept going on that path. And it did. And he built the most valuable company in the world and became one of the richest people in the world. That's what makes a difference for me. So believe in what you're doing, believe that you can do it, and believe it's gonna work out. If you want more details, you can check out the Zuga Guide. It's 100 questions that goes through and gives you a score of your likelihood of becoming a successful entrepreneur. If you have the entrepreneur mindset or not. So you can check it out. But otherwise, thank you so much for the question, Dieter. I hope that answered your question. For those of you watching, like the video, give it a thumbs up below. Let me know what you think. Leave a comment below. You have a question, leave it below in the comments. I'll make a video response. And subscribe to the channel if you wanna see more videos like this. Thank you so much, and I'll see you soon.
