{"id":41690,"date":"2021-07-11T05:56:57","date_gmt":"2021-07-11T09:56:57","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=41690"},"modified":"2021-07-19T05:49:49","modified_gmt":"2021-07-19T09:49:49","slug":"entrepreneurial-model","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/entrepreneurial-model\/","title":{"rendered":"The Entrepreneurial Model: Think Like an Entrepreneur"},"content":{"rendered":"\n

What is the entrepreneurial model for business? Do you have the mindset of an entrepreneur?<\/p>\n\n\n\n

In The E-Myth<\/a> Revisited<\/em>, Michael E. Gerber asserts that a successful business<\/a> owner embraces an entrepreneurial model\u2014a business model with measurable steps, a guiding vision, a defined structure, and functional systems. Another key to success is an entrepreneurial perspective<\/a>, which keeps the focus on the business rather than the work.<\/p>\n\n\n\n

Read more to learn about an entrepreneurial model and mindset.<\/p>\n\n\n\n\n\n\n\n

The Entrepreneurial Model<\/h2>\n\n\n\n

The entrepreneur uses a business development model with measurable steps. The business itself has a guiding vision and a defined structure and it functions by principles and rules. The business is an aggregation of parts that work together systematically to produce the intended result.<\/p>\n\n\n\n

The business model of a technician-run business is created day by day. The vision is narrow, focusing on the work and the present, with no sense of where the business is headed.<\/p>\n\n\n\n

The two models begin at different points. The entrepreneurial model starts with a particular customer in mind rather than with an idea for a business. The entrepreneur looks for an opportunity to provide something a specific customer wants and that no one else offers, in a unique way. The result is a business designed based on the customer\u2019s needs.<\/strong> The entrepreneur understands that the customer\u2019s needs will continue to change, which provides the business with ongoing opportunities to fulfill needs.<\/p>\n\n\n\n

By contrast, the technician\u2019s starting point is to satisfy herself by doing what she wants to do. She views the customer as a problem because he\u2019s never satisfied.<\/p>\n\n\n\n

A small business owner needs to break away from her technical side and employ her entrepreneurial instincts to create and activate an entrepreneurial model for a business that works effectively. The franchise movement provides that business model.<\/p>\n\n\n\n

The Entrepreneurial Mindset<\/h2>\n\n\n\n

In addition to an entrepreneurial model, you should adopt an entrepreneurial mindset<\/a>. When you build a business from such a perspective, you focus on the business and how it works as opposed to what it does. However, most people start businesses from a technician\u2019s perspective, focused on the work rather than on the business.<\/p>\n\n\n\n

Other differences between the two perspectives are:<\/p>\n\n\n\n