What is an entrepreneurial mindset? How do I develop the mindset of an entrepreneur?

What is an entrepreneurial mindset?

Entrepreneurial Mindset: a way of thinking that enables decisiveness and the ability to overcome challenges, and accept responsibility for outcomes.

It is also characterised by a constant need to improve skills, learn from mistakes, and see ideas through to fruition.

An entrepreneurial mindset can be interpreted as a refusal to fear the possibility of failing. Instead, failure is seen as a success; providing a valuable learning opportunity, prompting new approaches and acting as in indicator that the idea or approach is not viable.

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Introducing our new project: The Circle Superstars

We are excited to be introducing a new project to benefit children and young people during the lockdown. Set to launch in June, The Circle Superstars is a new initiative to provide activity packs to children and young people living in Dundee whose families currently access provisions from local food projects. The packs will include activities that will stimulate creativity while encouraging a focus on mindset, community and environment. This is a pilot project and will initially be delivered in the areas within Strathmartine Ward. This project has been funded by the Wellbeing Fund; a fund administered by the Scottish Government for organisations providing important services for people as a result of the coronavirus pandemic.

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Understanding funding for social entrepreneurs

For any business the ultimate goal is to become financially self-sustaining, and one way to achieve this is through investment and fundraising. At The Circle we adopt a ‘More Than Profit’ approach and encourage others to do so as well. Having a ‘More than Profit’ approach means that companies with a social impact should aim to be self-sustaining from doing what they do (e.g. the sales of its products and/or services) and should not be reliant on a single income stream.

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What Is The Circle Academy?

Here at The Circle, we’ve been thinking hard about how to distil down to it’s essence, exactly what The Circle Academy is, and what it can do for you and your business. It’s an informed, multifaceted approach to equipping social leaders with business skills, covering a plethora of topics.

You can find out more about The Circle Academy here, but with the second cohort of the Academy just around the corner, we thought we’d break down exactly what it is, and answer some of your frequently asked questions along the way:

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The Circle Academy: A Springboard For Social Entrepreneurs

Look at an individual’s drive to create change with innovative ideas and creative solutions, and it’s easy to see why social enterprise in the UK is booming. From establishing pay it forward schemes to facilitating social procurement, the number of entrepreneurs bringing businesses with an ethical focus into every sector and industry is incredible. There are so many success stories and individuals to champion that the challenges faced by social entrepreneurs are often overlooked.

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Our new Digital Learning Producer, Alice

Last week I joined the team here at The Circle as Digital Learning Producer on an internship through The Rank Foundation’s Time to Shine programme. My role will be to assist Kara, the Academy Manager, in delivering The Circle Academy, alongside producing a digital platform for future cohorts of the Academy to use as an additional resource. 

I arrived in Dundee in August last year, and with an existing interest in social enterprise, I was keen to dive into the More Than Profit scene here in Dundee. I was delighted to discover the quantity and rich variety of socially and environmentally focused businesses and organisations creating change in the city. I’ve been lucky enough to spend time volunteering at Dundee’s first zero waste shop as well as meeting several inspiring leaders and social entrepreneurs. 

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The Circle Academy secures funding for its 2020 cohorts

The Circle has received funding to support the delivery of The Circle Academy to a second cohort of aspiring ‘More Than Profit’ leaders. Funding has been contributed from The Rank Foundation as well as the George and Grace Thomson Fund. In addition to this, the candidates will also have the chance to pitch for up to £5,000 through national funders, UnLtd Scotland.

The Academy is a 12-week training programme for those interested in running an organisation with a ‘More than Profit’ approach. Individuals will benefit from 12 weeks of intensive training covering essential topics; mindset, business model, finance, legal, governance, people, social impact and sustainability through multiple income streams.  

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