8 Ways To Apply Minimalism to Your Entrepreneurial Mindset

The perks of being your own boss are, understandably, numerous, which is one of the biggest draws in the first place. But when we start to incorporate an entrepreneurial attitude, the idea of combining this with minimalism can result in a conflict of salts. The idea of minimalism, where less is more, can be anathema to being an entrepreneur, where you seemingly have to amass lots of components (and, of course, money) in order to build some successful entity. And this can be something that takes a while to get our heads around. But if you are looking to become an entrepreneur, but you used to have a minimalist mindset, what does it take in the business world, and in life to be a successful one?

Simplify as Much as You Can

The whole idea of minimalism is to simplify everything, so you can focus on what matters. The great thing about minimalism is that you can simplify almost everything, including many different processes. When you start to simplify, it helps you shift your focus onto the things that really matter. In terms of operating a business, we can start with the basics, for example, with our smartphone, we can operate with only what we really need. 

Many people choose to purchase smartphones with the biggest contract so they have more minutes and data, but there are plenty of cheap deals, such as the SMARTY SIM only ones, which gives you an idea of how much data and minutes you really need. Naturally, when we are running a business, we need to streamline, and save money. By simplifying everything, saving money becomes a natural by-product. 

Conducting Everything Digitally

Of course, running an online business is an amazing way to become minimal because everything is there on screen rather than in paper form. However, this is where many businesses can become over-reliant on the online components and neglect the real-world ones. While we’ve all learned that businesses can run with remote employees, there will be times when people have to meet in person. But we can take inspiration from the numerous businesses that operated on a remote basis before the pandemic hit. 

When you start to conduct business purely online, in digital form, it makes you think about what you can achieve without needing people in the same room. But when we do need people in the same room, we can rent meeting rooms, hire locations for weekend retreats, or just book a table at a bar for a colleague chillout session! It’s important that we spend some time in the real world, but it’s just a nice coincidence that if you are operating on a purely digital form, it’s a wonderful way to become minimalist.

Be More Decisive and Assertive

We can think of minimalism purely in terms of the technological and physical, but minimalism is something we can carry through into the cerebral state. When we make choices, we can get hung up on the small things. Minimalism is about making sure that you have the right choice in front of you. And you can get to this point easier by being more decisive and assertive. When we do this, we can determine the decisions that will impact our company in the long term. 

Big picture thinking is key to running a business, and it’s a very useful mindset if you want to be a minimalist entrepreneur. You decide on the big calls, but don’t pay much attention to the smaller ones. The “small fry” is a waste of your mental energy. But you can leave the small decisions to the other employees. When we run a business, we will have to delegate at some point, and this is the perfect opportunity to practice. When we delegate duties to other members of staff, so we can focus on the larger problems, we start operating with a focus on the employees as being integral to the business.

Defining Your Visions of Success

When we run a business, it’s very easy to believe that running a company is all about making money. Success is not always tantamount to cash. When we take a minimalist approach to things, we must define what success really is. Does this mean spending less time in meetings? Is it spending more time with your family? Is it about feeling fulfilled in a creative manner? When you define what success is to you, it will sharpen your focus, so you start to get rid of the things in life that do not matter, and you then progress in life with a minimalist approach. 

Scheduling Your Time

Following on from focusing on the things in life that actually matter and getting rid of the things that don’t, as an entrepreneur your schedule dictates almost everything. Scheduling gives you the opportunity to see what you are doing and if it benefits the company. When you start to see what is not important, you can either learn to consolidate certain tasks into something easier, streamline processes, or just delegate. Scheduling your time helps you keep on top of tasks so you have all the time you need to achieve them, while also making sure you don’t overwork. 

A very handy approach that helps many is the 80/20 principle, also known as the Pareto Principle, where 80% of the outcomes come from 20% of the effort. When you look at your schedule, what are you making too much of an effort on? When you start applying this principle to your scheduling, you might realize how much time you have wasted, which could be the time you spend with people you care about or do something to benefit the business even more. 

The Importance of Emotional Decluttering

As an entrepreneur, we’ve got to become assertive individuals; this means getting rid of certain parts of our thinking that are counterproductive. For example, if we focus too much on the negative aspects of our personality, this doesn’t just have a detrimental effect on our ability to run a business, but this negative mindset slowly overwhelms us. This is why we should learn to declutter our mental headspace. When we start to do this, it gives us more room to think and make better decisions. This will give us the opportunities to focus better, which will have a positive impact on our lives in every way. It’s not easy to try and muddle through when you don’t feel right, and this is where taking the opportunity to mentally declutter can make all the difference. 

Learning to Say “No” 

In business, saying “no” can be difficult, especially if you think it’s going to lead to something good down the line. However, you don’t need to say “no” all the time, but it is important to learn how to do it. When it comes to simplifying your business and your life, saying “no” can give you the freedom to realize what you are capable of. We all have that fear of missing out, and one of the biggest battles we have in our mind when we start to go minimalist is that we should be doing what the other entrepreneurs do and following their lead. However, this can cause us to think we need to acquire more, which is anathema to the idea of being a minimalist. It is so important, especially during those early years to learn how to say “no.” By saying “no,” it gives you the chance to free up your time, free up your emotions, and simplify everything.

Learning How to Be Grateful

Another lesson that many entrepreneurs could benefit from is being grateful. Entrepreneurs go through incredible emotions, and ups and downs. Being grateful gives us the opportunity to change our mindset and stop feeling like we’re missing out on things. When we become grateful for what we have, it provides perspective, so we can learn how to realize everything we need is right in front of us. To become a minimalist, you’ve got to become grateful for what you have, because, in this modern age where the overriding formula is stuff = happiness, we must realize that we can do better with less. 

You don’t need every tool at your disposal. In business, it’s about using the right tools more than anything else. Because the rat race may seem about getting the newest and latest technology, the latest processes, and learning how to get ahead of your competitors, learning to be grateful for what you have is a very important lesson, not just in minimalism, but in life. When we are in charge of a company that is asking customers for money in exchange for services, a simple conveyance of gratitude means a lot, especially when it’s genuine. When we learn to be grateful for what we’ve got, it’s the foundation to build the rest of our entrepreneurial dreams upon.

A minimalist entrepreneur is someone who can utilize simplistic notions and turn them into something worthwhile. Businesses are focused on making things more complex when we should start bringing things back to their bare bones. Being a minimalist entrepreneur starts with one simple important thing, our attitudes.