Entrepreneurs make up only about 15% of the workforce in the US In reality, far fewer are successful than those trying to become self-employed entrepreneurs and venturing out on their own. So what makes people decide to embark on the entrepreneurial path, when so few actually do it?

Is the American dream a possibility for anyone, or does it take more than most to become a successful entrepreneur?

The success of an entrepreneur depends on his way of thinking. A large percentage of business owners will quit in their first five years in business. What is needed is the strength and faith necessary to succeed.

Entrepreneurs are risk takers and dreamers. However, the difference between the dreamer and the entrepreneur is that the entrepreneur takes actions based on his dreams. They persist through difficulties and never give up! Many entrepreneurs start with an idea. Their success is determined by their belief that they can create something greater than mere monetary success. Often times, it’s about creating something that benefits the world.

James Dyson, for example, came up with the idea for the bagless vacuum cleaner. Despite multiple setbacks, more than 5,000 prototypes, and not being able to get any manufacturer or distributor to accept his idea, he persevered. It was more than a decade after his initial idea that his concept became a reality. Even then, it was after much hardship and hardship due to the vacuum replacement bag industry, which was worth £ 100 million in the UK.

In Simon Sinek’s book ‘Start With Why’, he suggests that the world’s largest companies are because of their “why?” – your reasons for building a business in the first place. In all cases, it wasn’t just to make money or improve technology or some whimsical ideology.

The Wright brothers, for example, became known as the pioneers of the first manned flight. But his competition was much better funded and well connected: Samuel Pierpont Langley had worked at Harvard, had several powerful connections, including Andrew Carnegie and Alexander Graham Bell. The War Department funded his project with a $ 50,000 grant, a seemingly huge advantage to the Wright brothers, who had no connection with them, who had no money and no influence. However, their passion and devotion to changing the world with this new technology led them to achieve the first flight in history in 1903.

The desire for material things and monetary wealth can only lead someone so far. Unless you have a goal or passion bigger than that, you may lose momentum and not sustain your enthusiasm for a period of time.

The entrepreneurial mindset is one that suits your purpose. Without a goal or purpose-driven objective, it can’t be long before disappointment begins. With a mindset that has a larger purpose in mind, entrepreneurs can create great businesses because they “saw” a vision of what they wanted to create. If the purpose is greater than the obstacles that stand in the way of achieving it, no amount of setbacks will prevent you from achieving your goal.

On the other hand, if you set out to do something and something gets in your way and stops you, your initial reason, (your “why?”), May not have been strong enough to withstand all the battles in the world. path.

Therefore, the entrepreneurial mindset (or mindset) must be aligned with your vision, your values, and your purpose. If your values ​​are not aligned with your purpose and vision, you will run into obstacles that will prevent you from reaching your goal.