📺 Stream EntrepreneurTV for Free 📺

The Number-One Enemy of a Small Thinker Entrepreneur Network partner Patrick Bet-David talks about the mindset that can destroy entrepreneurs from the inside out.

By Entrepreneur Staff

entrepreneur daily

"Small thinkers have one enemy. It isn't their competition, parents, girlfriend, spouse, best friend, staff, customers or the market. They have one enemy, and it's their mindset and the way they think."

Failure is a part of every business venture. Whether an individual sale falls through or an entire company collapses, failure is always something to learn from.

In this video, Entrepreneur Network partner Patrick Bet-David explains that the way in which you respond to and rationalize failure is more important than the failure itself. Often, an entrepreneur's worst enemy is their own mentality.

Bet-David provides the following three scenarios to help you evaluate your own mindset:

  1. How you respond to setbacks.
  2. How you react to competitors.
  3. The way you think.

Click play to learn how you can change your thinking to stop justifying your failures and start taking ownership of them.

Watch more YouTube videos from Bet-David on his channel.

Related: The 7 Audiences of a CEO

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon Fire, Roku and Apple TV.

Click here to become a part of this growing video network.

Entrepreneur Staff

Entrepreneur Staff

Editor

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

More from Patrick Bet-David

8 Ways to Pick a Great Name for Your Business

How to Turn Content Into an Actual Product

Editor's Pick

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business News

These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Scientists are increasingly using ChatGPT and other AI bots to write studies.

Science & Technology

Exploring How Virtual Reality is Changing Startups

Virtual reality's immersive environment is where startup marketing is headed, and early adopters will be the ones who profit.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Business News

'They're Scared': PNC Arena Bans New York Residents From Purchasing Tickets Ahead of Rangers, Hurricanes NHL Playoff Matchup

The two teams will face off in Game 1 of the second round of the Eastern Conference fight for the Stanley Cup.