5 Mindset Shifts You Need To Make When Moving From “9-5” to “Entrepreneur”
Yuli Azarch | July 16, 2017 | 2 Comments on 5 Mindset Shifts You Need To Make When Moving From “9-5” to “Entrepreneur”
80% of success is psychology. 20% is mechanics. A sentence I heard from Tony Robbins a few years ago.
Let’s assume the above is true. If you shift from a 9-5 job and you want to become an entrepreneur you need to shift your psychology, accordingly. Not just shift it, but 80% of your success relies on that!
It is not enough to start running a business and learning the mechanics of how to do that. It is important to shift to an entrepreneur’s mindset. Otherwise, you can get stuck in the same loop with your own business. You can become a slave to your own business and work for it, and be worse than you were in a 9-5 job.
Coming from a 9-5 background, and from a poor background as a child. I had to learn all the traits needed to be an entrepreneur in the last few years. This was not natural for me.
The process may take months, and sometimes years to people. The mindset shift is the most important thing you can do to succeed in my opinion.
Those are my top 5 distinctions on the different mentality shifts of “9-5” vs “Entrepreneur” that need to occur.
1) 9-5 Mentality gets paid for the hour. Entrepreneurs get paid for the value they bring to the hour.
– When you work a 9-5 job, you expect to be paid on an hourly/monthly basis. You get your fixed salary, and you are happy. You get paid a fixed price for every hour you work.
– As an entrepreneur, nobody cares if you work 1, 4, 8 or 16 hours a day. It is all about the results and the value you brought to the world. You need to learn to bring more value. You also need to learn to increase your per-hour value regularly.
2) 9-5 Mentality want to see results right away. Entrepreneurs know to delay gratification.
– In a 9-5 job, you know you’ll get a salary at the end of the month. When you take a job, you know you’ll get a salary that month already.
– As an entrepreneur, you don’t work for a salary. You work for ownership of a business. You may not get a salary for a long time even. You work towards something big in the future. Not today. You’ll need to reinvest a lot of the money, and in the beginning, not even expect any salary. This may be tough to a 9-5 mentality, which expects to be paid right away, and then they quit during the first few months of starting a new business since they don’t get their sexy salary.
3) 9-5 Mentality blames others for where they are. It is not a mentality of a leader. Entrepreneurs need to be leaders and take ownership.
– 9-5 people just go and do what is needed. They will do the task which they were asked to do. Rarely, they want to lead people, and take any ownership for the results of the company, or their results in life.
– As an entrepreneur, you are responsible for the failure and success of your company. Nobody else is. You need to take ownership of your results. You are responsible. You need to become a leader and lead other people to work for you. You need to understand you are responsible for anything in your life.
4) 9-5 Mentality does not read or learn too much. Entrepreneurs are life readers/learners.
– A 9-5 Mentality will not read many books. They will accept the status quo as it is. That is what university is for, to teach you to learn how to do a job well. Learning ends right afterward. They think they’ll do this a course on a subject, or they will finish an on job training and no more reading/learning for them!
– As an entrepreneur, you need to crave learning. You need to learn, learn, learn, learn and then learn some more. It never ends. You have to stay sharp, and grow. Rarely you hear about someone who said he read too many books, and that is the reason he failed. The most successful people in the world read the most. They also attribute reading and specific books for their changes and growth in their life.
5) 9-5 Mentality will quit easily. Entrepreneurs will never quit.
– A 9-5 mentality can try something a few times, and if it ain’t working, they can just quit and move onwards. There is always another job waiting for them after all.
– In situations where many will quit, the entrepreneur will continue. Unexpected bumps, challenges and different sorts of Crysis are accepted and even expected. The word “quit” doesn’t exist in the entrepreneurial dictionary.
If you currently have a 9-5 job and want to quit, changing your mindset to an entrepreneur’s mindset is crucial.
Once you apply the 5 changes above, the “how to” will become very easy, and you will have much higher chances of success.
Action Steps: Evaluate where your mindset is today. See if you need to shift part of it towards an “Entrepreneur” mindset.