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Showing posts with the label Entrepreneurial Mindset

Why the Entrepreneurial Mindset Is Worth Learning

The entrepreneurial mindset is one of the most misunderstood skills in business — and learning it could be the highest-ROI thing you do this year. Most people think it's only for people starting companies. It's not. It's a way of thinking that changes how you approach every problem, every opportunity, and every setback you face. In 2000, a Blockbuster executive sat across from Reed Hastings. Netflix was offering to sell the company for $50 million. The executive laughed them out of the room. Blockbuster had 60,000 employees, $6 billion in revenue, and 9,000 stores worldwide. Twenty years later, one Blockbuster store remains — in Bend, Oregon — selling souvenirs. What killed Blockbuster wasn't a lack of money or talented people. It was a way of thinking. Netflix didn't just have a better product. They had a completely different way of approaching problems. They saw opportunity where Blockbuster saw risk. They tested small when Blockbuster doubled down on what alr...