 Bismillah ar-Rahman ar-Raheem ladies and gentlemen very warm welcome to module 155, here we are going to discuss the entrepreneurial mindset before that I just wanted to share a one saying it's a famous saying says that if you must afraid of something then be afraid of not to think if you must afraid of something then be afraid of not to think so be afraid of this thing that your mind is different from the power of thinking it is not able to think and if you are not getting ideas your perspective is not being made your philosophy is not being made you are not thinking anything different then you must think what are you doing and you should be more afraid of this thing that your mind is not in the mind of so this entrepreneurial mindset today we will discuss that what this entrepreneurial mindset happens is that in capacitation of not to think or is that the capacity to think beyond something out of the box thinking you have heard the word and we have at least 20 to 25 years we have seen that out of the box thinking we talk about out of the box thinking but in that out of the box thinking everyone was in the box out of the box nothing was there the same accounting was the same ledger and the same accounting details and the same return on investment and after that you stopped thinking ahead holistically stopped thinking the same command and control system was the same hierarchy was the same functional level the same strategic level was the same operational level was the same hierarchical command was the top to bottom was the bottom to you and this kind of idea was not that a table will be placed and everyone will be standing and working and will talk on the chip and the chip will be brought to the microns and this kind of work will be called a Steve job which was resigned from the CEO four times the reason was that there was innovation return on investment is not coming you must have seen that your return on investment was comparatively their market share was never more than apple samsung or their competitors but their innovation was different that is the whole century was coming to touch and every day and every time they came with a new product before 2008 they had to be different again from the CEO chip and then he thought of again thinking of something different something new and he was not even frustrated for losing his job so he was thinking about his job he was not thinking about his job he came running and he saw a walkman and said that this is just eight songs and then right after half an hour and maybe an hour it will be over so this was a big walkman at that time with whom there were no stars and you are listening to songs but how to put it so he said and then he in 2008 came up with the new idea iPod and that iPod changed the whole world again a music library with the four thousand or five thousand songs or something like this so it is are they just driven by the driven by the uh rest taking to be independent one then to desire two opportunity driven entrepreneurs three necessity driven entrepreneurs four and then to self-efficacy for example who sought to either earn more money or to be more independent or opposed to maintain income automotive move idea that's what jeff vizaz is he don't own and he don't i mean necessity to driven entrepreneur jack ma so and then he said that i will bring the ideas of the west and do it in chinese And then you must have seen that Jack Ma has made only 500 Yon and made a share company with 18 people And by making a company, he has told you in the whole world that Taobao is also a thing A digital space is also a thing, a digital marketing is also a thing And the connectivity of the whole world is looking for a case study on it How did the supply chain develop? The third type of entrepreneur that I share with you is a self-efficacy base Take the example of Michael Jackson If I had told you earlier that the entrepreneur is not the one who is doing business Every entrepreneur sells anything in a unique way He sells services, he sells his songs, he sells plants, he starts working on vegetables He makes organic vegetables, he starts making desi eggs And so ever it is So what is self-efficacy? That is the entrepreneur emerged from deprived minority or a magical class of the society And driven by self-efficacy Now, the fact that you have to get rid of your own backlash My parents are black They changed my parents Someone told me that you will live for 5-50 years He will live for 50 years But he said that he will live for 150 years Then he hated his own color He also changed his color Because of that, he had been stuck for thousands of years So he used to eat painkillers, he used to live in a box And there were 17 doctors for every organ And 17 people who used to travel with them So that they could delay death They could not And in 50 years, there was a box of death In which there was a guarantee that death could not come So there are people who want to get rid of themselves They want to achieve And because of this, there are so many innovations In front of you Next, we see that entrepreneurs have the following qualities One is determination and perseverance Second is the drive to achieve Third is opportunity orientation Fourth is persistent problem solving Seeking feedback And then, the internal locus of control Which is successful entrepreneurs believe in themselves That is internal locus of control My psychologically control should be there Then there is a tolerance of ambiguity There is confusion in you Successful entrepreneurs thrives on the fluidity And excitement of an ambiguous existence Ambiguous existence is the most important part If I do not have ambiguity Or if I do not have ambiguity Or if I do not have ambiguity Or if I do not have clarity This is existence Whenever you come to do something new It will be a mess And when you go beyond it Then you will be looking for a solution Then calculated risk taking They always take calculated risk And moving on to the tolerance for the failure Check, do, act, plan, check Do, act, plan, tolerance, failure, no problem Move on But you cannot take your time Failure does not take 6 months Failure does not take 10 years A test and trial does not take Remember, Google said With the speed of light Google said That speed of light should fail Whatever you want to start Launch it quickly Hit it Failure Do it again Do it again Do it again But you must have the tolerance for the failure Do not worry about the failure Failure is the first step to the success Remember what you failed The fun part is that the next step Will be of great success Failure is the stair towards the success And then is the high energy level The extraordinary workload And the stressful demand With the entrepreneur place A premium on energy Then creativity and innovativeness The important thing is That all of this takes you to two things One and only important thing is vision Vision is always blur Remember You cannot share vision Yes, you can share your mission Try on vision if you understand But it is just in one mind One brain It is the reflection of the human brain It is the reflection of the human idea One vision And if vision is shared Then it is shared with the mind But remember that it will be partial So do not worry that our vision is not shared And then is passion A passion to build a team And team must align with the vision Then you will achieve the vision Otherwise You will always get something in some pieces You will get something in the form of a mission You will get some returns You will get some returns on investment You will get some team You will get some administrative things You will get some resources But you will not know collectively This is how we understand The entrepreneurial mindset Thank you very much