How Mindset Plays a Role in Your Entrepreneurial Success

When you consider the different factors that contribute to your success as an entrepreneur, mindset may not be the first thing that comes to mind. Mindset may not seem important as you move from task to task, but it has a significant impact on how you run your business.

Successful entrepreneurs have a different mindset than everyone else, and it affects how they run their businesses.

Let's look at seven mindset shifts you must embrace as an entrepreneur and why each one matters.

Related: Why Mindset Matters for Success

Many people believe that failure is the opposite of success, but failure is actually a necessary step toward success. Failure is a part of every entrepreneur's journey — Walt Disney, Steve Jobs and Arianna Huffington all experienced significant setbacks. What matters is how you react to failure and turn it into something positive.

Look at every setback as an opportunity to learn something new and practice resilience. Failure is often the catalyst for innovation — research shows that companies that encourage risk-taking and try new ideas perform better in the market.

Successful entrepreneurs have big, ambitious goals for their businesses. The best way to achieve more is to set higher goals and push........

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