Top 10 Capabilities + Mindsets of Successful Entrepreneurs

June 30, 2022

Episode 110

Today, Dan and Mike create “The Top 10 Capabilities and Mindsets of a Successful Entrepreneur” — ON THE FLY.

These are things that EVERY entrepreneur should have or develop.

For over 40 years, Dan has coached many successful “Strategic Coach” members, thus developing a huge library of tools, and he’s noticed that there are certain capabilities that get founders further and faster.

Mike has been in this business for over 30 years, observed a lot of the same issues, and developed his own bag of tricks to help entrepreneurs get to their next level.

Today, they'll let you in on exactly what those capabilities are so you can see where you’re at in your entrepreneurial journey, and what skills you still might need to develop.

Top 10 Capabilities + Mindsets of Successful Entrepreneurs

  1. Clarity of identity (understanding that entrepreneurialism will be your life)
  2. The ability to monetize an idea / being able to create value
  3. The freedom “TO” versus the freedom “FROM” mindset
  4. Giving up comparison
  5. Constantly measuring progress
  6. Never be a victim to negative news
  7. Taking massive action, experimentation and iteration
  8. Knowing how to take advantage of luck
  9. Creating, inventing and using new technology
  10. Life outside of work is as energizing as it is inside

Key Takeaways

  • Dan starts off the top 10 list describing number one (02:01)
  • Mike talks about the 2 new books he’s reading on geopolitics and economics (10:49)
  • Mike and Dan talk about measuring success (11:52)
  • Mike and Dan discuss why Elon Musk is so successful (21:53)
  • Mike and Dan reveal the last 2 capabilities (41:15)

Additional Resources

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