Mauvelli | 6 Ways To Develop An Entrepreneurial Mindset
Business of Brands

6 Ways To Develop An Entrepreneurial Mindset While Building Your Fashion Brand

October 12, 2020 | by Iyin | 1 Comment

Building a fashion brand takes a lot. To build a successful business in fashion, you have to be prepared in body, mind, finances, support, and so on. 

While every one of these points is important, your business will fail if you do not have the right mindset to run it. Here are 6 ways to build that mindset to prepare you for a successful entrepreneurial journey. 

6 Ways to Build an Entrepreneurial Mindset

1. Embrace Learning

Every successful entrepreneur knows that learning is not an option - it is a necessity. To develop an entrepreneurial mindset in building your fashion brand, you need to acknowledge that you do not know it all and then give yourself to learning. 

Learning can come in various forms - books, mentors, events, and so on.

  • Books: As a fashion entrepreneur, you have to read books that relate not just to fashion, but also to growing a brand, bookkeeping, marketing, and so on. You need to be hungry for knowledge and actively chase after it. 
  • Mentors: Learning from mentors is another great way to build an entrepreneurial mindset. Many have gone ahead of you in business, both within and outside the fashion industry. You should search them out and submit yourself to training from them. Nowadays, even if you do not know certain people personally, you can still learn from them online. 
  • Events: Attending events is one of the best ways to acquire valuable insights that will help you build both your business and an entrepreneurial mindset. It is non-negotiable for fashion entrepreneurs. 

2. Set Goals 

Without goals, it will be difficult to achieve anything in life. In building an entrepreneurial mindset as a fashion entrepreneur, you need to set goals. Your goals do not always have to be big and amazing, they can also be small goals. 

Never be afraid to set big realistic goals that scare you. 

Every day, you need to make it a point to set goals to achieve that day even if they do not relate to the business of fashion. Set goals for your fashion business and set goals for your personal life, then work towards achieving them at the right time. 

Accomplish your small goals quickly and break your big goals into small, achievable and realistic steps that you can work on daily. Also, always remember to write your goals down and revisit them every morning. 

3. Take Risks

If you don't take risks and do things that make you uncomfortable then you will hardly make any progress. To develop your entrepreneurial mindset, you need to take risks because risks are a part of building a successful business. 

Do things you will normally not do in your everyday life and never be afraid of failure. Behind every successful business are a series of failure and learning from those failures to become better. 

Do those hard things you will normally not do, things that will force you to grow and become better. It will be scary but you will learn better ways of doing things and how to be a better entrepreneur.

4. Build a Strong Network

The calibre of people you have around you determine how you think and your approach to life. As a fashion entrepreneur, you need to surround yourself with other entrepreneurs that will push you to do more. 

Build relationships with those that have gone ahead of you so you can learn from their successes and failures. Attend entrepreneurial events to build genuine relationships with other entrepreneurs. Also, reach out to other entrepreneurs on social media and see where the relationship leads. 

Just make a conscious effort to build a strong network of entrepreneurs around yourself. 

5. Practice Being Decisive

As a fashion entrepreneur, you will need to make many decisions for your brand. Right from now, you can start to make decisions on the seemingly small things around you to build your confidence in decision making. 

Make it a point to analyse a situation, take in all relevant information and then confident make a decision on the matter. From things as small as choosing what flavour of ice-cream to buy to things as big as choosing a business partner, you need to practice being decisive.

6. Learn to Take Responsibility

Taking responsibility for your decisions and learning to admit your failures are two things you need to learn in building an entrepreneurial mindset. Taking responsibility starts with the little things you do every day. When you mess up, you have to learn to acknowledge it and work on your shortcomings.

In future, you will need to take responsibility for how your fashion brand is doing and all that happens throughout the company so you need to start taking responsibility now. 

 

1 Comment

TolaBakare Commented 1 week, 5 days ago

This came in just in time!. Thank you Mauvelli

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