What made Steve Jobs, Jeff Bezos, or Elon Musk succeed? Was it their technology, connections, or intelligence?
Not exactly. There is one characteristic that’s more important: Mindset.
Here’s why:
Personally, I think mindset is an entrepreneur’s most critical asset. Yet few of us ever take the time to craft it -- to purposefully select and sharpen the mindset we desire.
Your mindset is the filter through which you see the world. It determines how you spend your time, what decisions you make, and where you invest your resources.
Here’s how mindsets work:
Let’s start with an analogy. If you’ve been following developments in Artificial Intelligence, you know that we can train neural nets to do image recognition. The challenge with these neural nets is that they’re only as good as the data you feed them.
For example, if you show the neural nets thousands of pictures of cats, and then you show them a picture of a dog, the algorithm will tell you that the dog is actually a cat. It doesn’t know any better.
The same is true for our brains, which are also neural nets.
If you constantly feed your brain with negative perspectives, your outlook will be negative. You won’t know any better.
So, how are you training your neural net?
Your life becomes what you consume and who you spend time with
No one is born an entrepreneur. They train themselves for years to identify market opportunities, create products, and manage people
If you want to become an entrepreneur, you need to train your brain to become one
There are a few other mindsets that the most successful entrepreneurs have:
An abundance mindset.
They believe opportunities are abundant and efforts compound exponentially. They don’t worry for a second about missing an opportunity - they immediately seize the next one.
A Moonshot Mindset.
Average entrepreneurs try to improve their business by 10% a year.
Massively successful entrepreneurs go for massive goals.
Longevity mindset.
Nothing great is accomplished in a few months. Entrepreneurs like Steve Jobs identified a mission and stuck with it for decades before most of the world noticed.
I post every day about mindsets that entrepreneurs need to be successful, follow @PeterDiamandis to get them in your feed.
1. Create a Daily Gratitude Practice: Every morning during my 10-minute meditation, I focus on gratitude and how I can be 30% more joyful throughout the day. In the evening, when I’m going to sleep, before I drift off, I recall the 3 things I am most grateful for from that day.
2. Let the Most Important People in Your Life Know How Much You Value Them: Who are the people you’re most grateful for? Tell them how much you appreciate them! After all, “life is who you go through life with.”
Why Jeff Bezos and other billionaires are investing in age reversal:
Last September, it came out that @JeffBezos had invested in Altos Labs, a company pursuing biological reprogramming technology.
“Reprogramming” is the scientific term for turning old cells young again.
It was discovered in 2012 by Japanese scientist Shinya Yamanaka, who called it a potential “elixir of life.” The Nobel Prize in Medicine committee seemed to agree.
Talking DAOs, metaverse, and spacial web tomorrow with @pulier_eric and @salimismail - Thoughts? Questions? What would you like us to discuss?
Definition of DAOs I liked from @DruRly - Decentralized Autonomous Organizations (DAOs) are groups with no central management. Individuals coordinate around a shared set of rules to achieve a common goal.
Well-known DAOs include Bitcoin and Ethereum. These are transparent, unstoppable, user-owned networks.
It's critically important we are able to measure carbon storage accurately, and put a high price on carbon (and either tax or charge for other GHG emissions) so we can further accelerate the boom that we're already seeing in cleantech and carbon removal solutions.
Part of the reason I'm so excited about the $100M Carbon Removal XPRIZE is the corresponding investment it is helping spur as hundreds of teams seek capital in their pursuit of solutions across the board, from soil to oceans.