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10 Ways to Develop a Success-Oriented Mindset Confidence empowered entrepreneurs to take decisive action, and decisive action is what builds confidence.

By Deep Patel Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

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Take a minute to imagine an entrepreneur you deeply respect. Think of that person at the start of his or her career, working on a product or service that will eventually make it big. Regardless of whom you've chosen, chances are the entrepreneur in question had a success-oriented mindset from the outset.

Entrepreneurs who lack confidence or who have a pessimistic mindset will usually fail. It's hard to motivate people to invest money in a new idea or work for a fledgling company if the entrepreneur behind it lacks confidence. But having a successful mindset isn't just helpful for those who are launching a new venture. It can also help readers from all walks of life to make smarter decisions that result in better personal or business outcomes.

Here are 10 strategies that can help you develop a winning mindset.

1. Put yourself in challenging new situations.

You gain confidence by overcoming challenges, but when you fail to put yourself in challenging new situations because you assume the outcome won't be positive, you will be unable to grow.

Instead, develop a list of exciting challenges you're interested in overcoming. They could include exploring a foreign city on your own or enrolling in a challenging business course at your local university. Even volunteering to help with a new project at the office can provide a challenging situation that will foster growth.

Whatever the challenge you select, be sure it is something that interests you; otherwise, it may be difficult to stay focused along the way.

Related: 30 Difficult Situations That Entrepreneurs Secretly Love

2. Be open to finding a mentor.

Mentorship is often discussed with regard to self-improvement and business success. But many professionals assume that finding a mentor is as simple as asking a senior professional for help.

However, as Sheryl Sandberg argues in the Harvard Business Review, finding a mentorship doesn't work that way. Instead, professionals need to put themselves in situations where they can build real relationships with senior business leaders.

In time, after an existing relationship has formed, it may be appropriate to ask a senior professional for mentorship. That means readers will need to make themselves available to build professional relationships before they can secure a mentor who can help them grow.

Related: Looking for a Mentor? The 7 Best Places to Start.

3. Think of failure as a learning opportunity.

Failure is an outstanding learning opportunity. If you find yourself succeeding frequently, it may be a sign that you aren't challenging yourself enough.

Develop a mindset that views failure as an experience to learn from. By reframing failure, you'll find it is easier to take risks. Adopting this mindset will leave you less prone to anxiety, which is key to creating a winning attitude.

Related: Failure Is Not the End. It's an Opportunity to Learn.

4. Keep a folder of your proudest moments.

While it's important to focus on the present and future instead of the past, maintaining a collection of moments you're proud of can serve as a helpful reminder when you're feeling down. By periodically reviewing past successes, you may find inspiration for future projects. At the very least, you can use past successes as a way to build long-term confidence.

Related: 6 Actions You Can Take Every Day to Build Your Self-Confidence

5. Surround yourself with top talent.

Environment plays a significant role in creating our mindsets. After all, we're social creatures and are influenced by those around us. Surround yourself with talented individuals who can teach you new things and who can encourage you to grow personally and professionally.

If you're involved in the hiring process at your organization, look for prospective employees who are better or smarter than you. This will help create an environment that can consistently encourage you to form a successful mindset.

Related: Why the 5 People Around You Are Crucial to Your Success

6. Find time to disconnect from stressors.

The average American works more hours per week than his or her counterparts in other developed countries. Furthermore, the average number of hours worked has been steadily growing since the 1980s. Unfortunately, work-related stress has been creeping up at the same time.

Readers should find time to disconnect from work-related stress that can make it difficult to adopt a success-oriented mindset. Traveling can be a good way to disconnect, as can adopting a daily meditation practice.

Related: A Realistic Digital Detox in 5 Easy Steps

7. Develop a simple morning routine.

According to lifestyle gurus like Tim Ferriss, we are shaped by our morning routines. That means it's important for readers interested in developing a new mindset to develop new habits as well.

Since your morning has the power to make or break your entire day, consider creating a simple morning routine that positions you to have a successful day.

For example, waking up earlier than normal can give you time to focus on yourself in ways that might have otherwise been impossible. With the extra time you can go to the gym or develop a meditation practice to reduce stress, as mentioned above.

Related: 7 Must-Do Morning Routine Hacks

8. Set time-bound and achievable personal goals.

More than 90 percent of New Year's resolutions fail. If you're serious about changing your mindset, you should take a different approach to goal setting. Instead of relying on a New Year's resolution, create time-bound goals that you know are achievable from the outset. Approaching goal setting from this angle will help to build your confidence, which in turn will reshape your thinking.

Related: 6 Apps That Help You Stick to Your Goals

9. Listen to your instincts.

Part of developing a winning mindset is learning to trust your instincts. According to the Harvard Business Review, we are usually capable of making smart decisions when we rely on our gut instincts.

Confidence in your instincts is a critical component of business success. While it's usually ideal to rely on research and data to make decisions, there are a variety of scenarios in when empirical evidence is unavailable or inconclusive. In these situations, people with a winning mindset are comfortable making decisions with their gut. This serves them well in the long run.

Related: The Many Logical Reasons to Lead With Your Gut Instinct

10. Avoid stagnation.

If you feel as though you aren't learning new things in your personal or professional life, it's time to change it up. Avoid stagnation in order to continue to grow. This will help you to face new challenges and overcome new obstacles.

Developing a successful mindset can take time. To get started, focus on learning new skills and putting yourself in new situations. By overcoming adversity, you'll begin to develop faith in yourself.

Establish morning routines and build a network of talented colleagues and mentors in order to avoid stagnation and achieve moments you can be proud of.

Deep Patel

Entrepreneur Leadership Network® Contributor

Serial Entrepreneur

Deep Patel is a serial entrepreneur, investor and marketer. Patel founded Blu Atlas, the fastest-growing men’s personal care brand, and sold it for eight figures in 2023, less than 18 months after its launch.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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