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Wealth Mindset: 6 Common Traits That Wealthy Entrepreneurs Share

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You want to be in the top league with all of them. You’ve heard those success stories that ring almost like legends. They’re the ones who started an internet business and before long, they were on to a 6 figure income, yachts, and 8 bedroom houses on the hill.

The question begs then, how come there are millions of internet entrepreneurs out there who are still only scraping by?

I read a story about the other day about a man who considers himself an internet marketer. He has an internet business and is trying all he can to succeed. He has bought every possible program and attended almost every seminar ever advertised, but he still didn’t see any results.

Because of all that he is spending to become a wealthy internet entrepreneur, he is now bankrupt. He has lost his home, his wife has left him, and needless to say, he is now desperately looking for something that can save him.  It ended ridiculously because this man was looking for even more money to spend on yet other programs to improve his internet business.

Clearly something is lacking here – the right wealthy entrepreneur mindset. No other factor could be more vital to internet business success (and even with success in general) than having the critical mindset that you must adopt to accomplish your end result.

Here are 6 qualities that comprise the wealthy entrepreneur mindset:

1) Patience and Persistence

Those fly-by-night successes are gone by morning. They may strike 6 figures in one move in a very short time, but it will not last. Don’t let anyone fool you into believing that you’ll make it rich in a month or 2. Permanent success is an on-going thing; it never stops.

And so long as it never stops, you need to have patience and persistence. You need to invest time and/or money. Talk to the old timers. They’ll tell you easy come, easy go.

You need to put it in your mind, heart, soul and spirit that you will have to invest yourself in whatever venture you decide to take on. And it will take time to become a lasting success too.

2) Vision

Where do you see yourself in the long term? What’s the vision you have for your business? How do you see it working out?

You must have vision that is big and filled with success. Vision makes you grab opportunities that others don’t see. It makes you reach for things that would otherwise seem unrealistic.

But because you have a vision of arriving at the destination of success, you are willing to do whatever it takes.

3) Positive Attitude

Yeah, even if we’re in a recession; life is hard; businesses are flopping; blah, blah, blah. So what? You have vision, energy and drive. Use them and know that whatever happens, it’s either you succeed or perish.

There are no 2 ways about it. Being positive means taking hard knocks, falling down, dusting off and moving forward knowing that there was a lesson learnt there. You must always believe that success is yours no matter what.

And if you ask most successful people, they will tell you that a positive attitude made them see opportunities where others thought there was nothing.

4) Thinking Big

Ben Carson said it – THINK BIG. Think like the men who landed the first craft on the moon. There is nothing as tiresome as complacent small dreams. You achieve them, because they were easy to achieve in the first place, bask in your glory for 6 months, and then what? You’re back to the drawing board again.

How about setting objectives for yourself that seem insurmountable even to yourself? And then work on them one step at a time? Each step will be a step closer to achieving that seemingly insurmountable aspiration. One morning, you’ll wake up and find yourself there – the aim has been achieved.

If you want to get an idea of how this works, watch The Aviator, the story of Howard Hughes. He went at things that even the US government laughed at; he achieved them in the end.

5) Setting Goals

You must set a timer against yourself. You want to do all the things that you need to do to become a wealthy entrepreneur, but in how long?

Be realistic with the goals, because they are like your compass. Small goals take a shorter time to achieve. A goal achieved makes you feel motivated to keep going.

Set small goals that lead to big ones. Set the big goals too, and let them tie to the small ones. You’ll know, every time you look at the goals you have achieved, how close you are to the bigger vision you have.

6) Passion

This is the most important of them all. Many people do things because it’s a fad and because it’s where the money is coming from, but they don’t necessarily have any passion for it.

Passion is the fuel in your engine – the burning thought that you love what you do; and every time you sit to do it, you give it your best and expect the best to come from it. If you don’t have passion for entrepreneurship, don’t do it.

Every time you encounter a hurdle, it will be that much harder to overcome because you don’t have a driving force inside you. Passion, tied well to a profit machine, is a straight route to wealth and contentment.

And passion will not be there all the time even for those who have lots of it. Failures can leave you feeling flat. Keep yourself motivated by aligning yourself with people who have the same interests as you have – they’re likely to pick you up when you’re down and remind you why you are there in the first place.

There are many things that lead to wealthy entrepreneurship, and no one should try to convince you that one thing can do it. It’s like a car – it needs all the parts running well in order to be able to move. Seek to know them and live them – you will see a transformation in both your business and you.


Impellium is an online media company focussed on personal and business growth strategies for home business owners and lifestyle entrepreneurs.

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