267: The Hustlers Mindset: The 10 Traits of Successful Side Hustle Entrepreneurs

Published: Jan. 25, 2018, 10 a.m.

This should probably be episode 1, not 267, but if I'm being totally honest, I probably wasn't in a place personally or professionally to record it as episode 1.\nI\u2019ve avoided doing a \u201cmindset\u201d episode for almost 5 because I didn\u2019t think it was necessary. I thought if people are seeking out business information, entrepreneurship information, they\u2019ve already got the right mindset.\nThey know what\u2019s up.\nThey get it.\nBut older and (hopefully) wiser, I\u2019ve come to see the mindset conversation as an important one, and one I\u2019ve been overlooking for a long time.\nThis is foundational stuff, and before you dismiss this as way to fluffy for a Side Hustle Show episode,\xa0let me give you a couple points to consider on the mindset front.\nThe first comes from one of my favorite podcasts, Tropical MBA. Their theory is for entrepreneurs making:\n\n$0-100k - the barrier is mindset\n\n$100k - $1M - the barrier is marketing\n\n$1M + - the barrier is your team\n\nI\u2019m sure there are counterpoints but I think there\u2019s a lot of truth in that breakdown.\nThe second point to consider comes from Dane Maxwell, who was a special guest on episode 119 of The Side Hustle Show, during my public coaching experiment. Dane created several software businesses before founding The Foundation to teach others what he\u2019d learned.\nHe said the easiest way to test if your mindset is in the right place is to ask if you have or are you getting the results you want?\nIf not, something must be missing, right?\nThere\u2019s some brutal honesty in that question, and it took me a minute to wrap my head around it, but the gist of it is this: if you\u2019re not where you want to be, there\u2019s room for some mindset growth or changes.\nIn this episode I\u2019ll share 10 traits of the hustler\u2019s mindset and do my best to illustrate those with examples from either my own businesses or those of my guests.\nFull Show Notes: The Hustler\u2019s Mindset: The 10 Traits of Successful Side Hustle Entrepreneurs