Module 2 Seven Self Mastery Skills

HOW I LIKE TO PUT MY WHOLE BRAIN TO
WORK
If you're not an inherent risk-taker, you might not be an entrepreneur. But

here's how you can change your brain.
Entrepreneurs look at business differently -- they're out-of-the-box

thinkers and blue-sky dreamers who see possibilities where others don't.
It's this type of mindset that makes their businesses thrive.
That's not to say that you can't be an entrepreneur if you're not a risk
taker or innovator. But the long-term success of your business will
depend on your ability to adapt your thinking. Here are some tips to
rewire your mindset to think more like an entrepreneur (and transform
your forecast for success while you're at it).
1. Do One Thing a Day That Scares You
I've always been a bit of a troublemaker. I cut class in high school (and
flunked grade 8) and ran a bootleg candy shop out of my dorm room.
Obeying authority has never been my strong suit -- but it's made me a
better entrepreneur.
Entrepreneurs are adrenaline junkies who know business ownership is all

about risk. There are no rules and there's no guarantee for success, so if
you want to own a business, get comfortable being uncomfortable.
Teach yourself to take risks by doing one thing a day that scares you. And
(here's the key part): don't worry if you fail. In fact, be willing to fail -- the
greatest lessons come from our mistakes. As you get used to stepping
out of your comfort zone, you'll be able to make the tough calls for your
business.
2. Think Fast!
There will be a lot of tough calls ahead if you own your own business.
You need to know how to assess and address in the blink of an eye -- and
trust that it will all work out.
"I'm an eternal optimist and I've always had faith in myself and my
decisions. I trust my gut -- and (so far) it hasn't steered me wrong". Try
this: the next time you have to make a decision, do the first thing that
comes to mind. More often than not, your first instinct turns out to be
the right one.
3. Replace Fear of the Unknown With Curiosity
Entrepreneurs don't get a job description; starting a business is a world of

unknowns and you have to be a jack of all trades to succeed. You'll need
to learn on the fly, flex your problem-solving muscles daily, and always be
on the lookout for new ideas.
4. Own Up
When something goes wrong, there are two ways to look at it: the world
is out to get you or you could have done something differently. Only one
of those mentalities works in business.
'Locus of control', as psychologists call it, is the amount of control you

believe you have over what happens in your life. An external locus -- the
kind where the world is against you -- is a common fault among
unsuccessful business owners. These people are more likely to displace
blame onto employees and colleagues, or chalk their failures up to bad
luck. They perceive success as outside of their control and fail to
acknowledge their role in mistakes.
5. Stop Asking, Start Doing
While sitting in a McDonald's drive-through a truck full of old junk

passed by and I thought, "There's my ticket." I had nothing to lose:
I didn't have the responsibilities of a family or a mortgage to consider. So
I made the call to get started and went in full force.
Entrepreneur' is more than a job title -- it's a part of who we are. If we

couldn't take giant leaps of faith, we couldn't have scaled to where we
are today. And if we second-guessed all our decisions, we'd take ten
steps back for every inch forward
So when is the safest time to start a business? Never. But the best time?
Now.
TEAM APPROACHES
What are the different approaches to

Entrepreneurship?
Entrepreneurship is not a one-size-fits-all kind of career. There are many
different approaches to entrepreneurship and it is best to know what they
are and study them before you decide which route you want to take. It is
important to understand the different business approaches and how each
one of them can help you grow your business.
The following will help you explore the different approaches to
entrepreneurship and see how each one of them is best for different
entrepreneurs.
Approaches to entrepreneurship:
1) The Innovative Idea :
One of the best ways to attract customers is to introduce out-of-the-box

innovative products and services that are in demand. This approach of
entrepreneurship focuses on developing a business idea for a product,
service, or market segment that is not yet matured to its potential.
If there is one thing you should know about entrepreneurship, it's that it's
not easy. You will need multiple skills and ideas to be successful. But the
good news is that entrepreneurship has always attracted customers who
want innovative products and services.
Most successful companies have been the ones that have innovation as
their core philosophy. It doesn't matter if you're a serial entrepreneur or just
starting out, entrepreneurs should always look for new ideas to keep their
business growing.
2) Differentiated Product:
Out of all the entrepreneurship approaches differentiation is the most

important. Differentiated products refer to any type of product that has
been customized for a particular customer or industry. Companies can
differentiate their products in multiple ways, such as by offering less price,
better quality, longer warranty, or more personalized services.
The goal of this approach to entrepreneurship is to create a new product or
improve an existing product. The real challenge for a company today is not
to invent a new product or service, but to make sure that they offer
something which is different from the competition.
As a matter of fact, there can only be a few zero to 1 businesses such as
Tesla’s and Apple but the product differentiation approach to
entrepreneurship works on 100% of the businesses in the industry.
3) Developing a Community
Many successful entrepreneurs have relied on the power of community to

push their businesses. It’s not just about getting customers, it’s about
building a loyal following that grows your brand and the vision. If executed
effectively, this can prove to be an extremely successful approach to
entrepreneurship.
The community should be more than just an audience - they should be
stakeholders in the business. They should get ongoing updates about your
business, share their feedback with you, and provide social proof for what
you are doing.
The last point is important - customer testimonials are powerful for any
business because it fosters trust in potential customers who might feel
uncertain or reluctant to buy without seeing other people's opinions.
4) Invest in Other People's Ideas and Help them Turn it into a Business
Becoming a successful entrepreneur is a difficult and long process. It can

take years to get to the point where you have an idea that can be
successful. In the meantime, if you have money, then one of the
best approaches to entrepreneurship is to invest in startup ideas.
This approach to entrepreneurship allows you to put your money at work.
Investing in other people's ideas can be risky because startups are
unpredictable and often fail. But if your investment pays off or even just
returns your money with some profits, then being an angel investor or VC is
a great way to make a lot of money quickly.
One of the biggest issues with this approach to entrepreneurship is that

you don't know what will happen. Will the idea be successful or not? But If
it does succeed, you will get a lot of returns and can make you rich.
5) Be Creative and Follow Your Gut — Do What You Love
Kathryn Minshew, the co-founder of The Muse, shared her advice on what
is important in entrepreneurship. She said that creativity is important and
you should follow your gut. "It's rare to find an entrepreneur who has found
success without being creative."
While this approach to entrepreneurship might be similar to the innovative
approach, it does not only involve creativity in products but also involves a
level of innovation within the operational framework of the business.
Creative ways to improve your processes and increase efficiency.
LEARNING TO THINK / LEARNING TO INTUIT
The 7 Mastery Skills

Learning To Think
Rational thinking- Rational thinking is a process. It refers to the ability to

think with reason. It encompasses the ability to draw sensible conclusions
from facts, logic and data. In simple words, if your thoughts are based on
facts and not emotions, it is called rational thinking.
Sequential and Analytical Thinking
Critical Thinking - Critical thinking is the analysis of

available facts, evidence, observations, and arguments in order to form a
judgement by the application of rational, skeptical, and unbiased analyses
and evaluation.[1] The application of critical thinking includes self-
directed, self-disciplined, self-monitored, and self-corrective habits of the
mind,[2] thus a critical thinker is a person who practices the skills of critical
thinking or has been trained and educated in its disciplines. [3] Philosopher
Richard W. Paul said that the mind of a critical thinker engages the
person's intellectual abilities and personality traits
Logical Thinking - The logical thinking definition is analyzing a situation or

problem using reason and coming up with potential solutions. Logical
thinkers gather all the information they can, assess the facts, and then
methodically decide the best way to move forward
Creative Thinking -Creative thinking is the ability to come up with unique,

original solutions. Also known as creative problem-solving, creative thinking
is a valuable and marketable soft skill in a wide variety of careers.
Associative Thinking-Associative thinking is a mental process that involves

linking or associating one idea, thought, or concept with another, often
seemingly unrelated idea or concept.
Learning To Intuit
-having the ability to know or understand things

-having the ability to know or understand things without any proof or
evidence : having or characterized by intuition.
• The truth manifested by an intuitive experience cannot be forced or

conjured at will.
• Intuition is hard to learn as a cognitive
• Two Facets : First one deals with the self and the self’s ability to
probe the self. Second one deals with the self contemplating or
looking upon its world. Both are crucial for self ma
Learning To Communicate
Effective communication skills are a simple procedure that enables you to

express yourself and enhance both personal and professional connections.
Knowing how to listen well and speak clearly will aid you in expressing
yourself at job interviews, business meetings, and even in your personal life.
Learning To Feel
The emotionally self-aware and mindful person has a greater command of

himself in periods of stress, crisis or conflict. The unaware or unmindful
person would most probably let his emotions surge and ebb without
attempting to control them
Learning To Do
Doing things well can be systematically learned. What needs a lot of

systematic doing is the doing of new projects and programs.
Learning To Lead
Leaders are born:
• They have the qualities and traits of leaders that have to do with their
personality and character
• Some of the traits seem to be innate, like a person’s charismatic
appeal
• These traits cannot be learned in
Leaders are made:
• A person’s personal circumstances, experiences & lessons in life are

responsible for eliciting leadership qualities & traits
• This circumstances, experiences & lessons in life can be re-created to
evoke “acts of leadership”
• If done often enough, this acts can become
Learning To Be
Learning to be the best person you could ever become is a lifetime

challenge. The person who is continuously discovering a new self is the one
who will encounter a plethora of personal possibilities

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HOW I LIKE TO PUT MY WHOLE BRAIN TO

If you're not an inherent risk-taker, you might not be an entrepreneur. But

Entrepreneurs look at business differently -- they're out-of-the-box

1. Do One Thing a Day That Scares You

Entrepreneurs are adrenaline junkies who know business ownership is all

3. Replace Fear of the Unknown With Curiosity

Entrepreneurs don't get a job description; starting a business is a world of

'Locus of control', as psychologists call it, is the amount of control you

5. Stop Asking, Start Doing

While sitting in a McDonald's drive-through a truck full of old junk

Entrepreneur' is more than a job title -- it's a part of who we are. If we

What are the different approaches to

One of the best ways to attract customers is to introduce out-of-the-box

Out of all the entrepreneurship approaches differentiation is the most

Many successful entrepreneurs have relied on the power of community to

Becoming a successful entrepreneur is a difficult and long process. It can

One of the biggest issues with this approach to entrepreneurship is that

5) Be Creative and Follow Your Gut — Do What You Love

LEARNING TO THINK / LEARNING TO INTUIT

The 7 Mastery Skills

Rational thinking- Rational thinking is a process. It refers to the ability to

Sequential and Analytical Thinking

Critical Thinking - Critical thinking is the analysis of

Logical Thinking - The logical thinking definition is analyzing a situation or

Creative Thinking -Creative thinking is the ability to come up with unique,

Associative Thinking-Associative thinking is a mental process that involves

-having the ability to know or understand things

• The truth manifested by an intuitive experience cannot be forced or

• Intuition is hard to learn as a cognitive

Effective communication skills are a simple procedure that enables you to

The emotionally self-aware and mindful person has a greater command of

Doing things well can be systematically learned. What needs a lot of

Leaders are born:

Leaders are made:

• A person’s personal circumstances, experiences & lessons in life are

Learning to be the best person you could ever become is a lifetime

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