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Why Every Entrepreneur Should Adopt the Immigrant Mindset

Why Every Entrepreneur Should Adopt the Immigrant Mindset

Opinions expressed by Entrepreneur contributors are their own.

Key Takeaways

  • The habits that make immigrants successful in entrepreneurship are choices anyone can make, no matter where they come from.
  • Become a student before you become an expert, get comfortable being uncomfortable, and make resourcefulness your competitive advantage.
  • Balance high standards with empathy, and replace “I can’t” with “I’ll figure it out.”

Some of the best entrepreneurs I have worked with had something in common long before they built successful companies: They were immigrants, or the children of immigrants. In fact, Carnegie notes that immigrants have founded or co-founded more than half of America’s billion-dollar startups.

I think I understand why so many first- and second-generation Americans flourish in entrepreneurship. My family immigrated from Cyprus when I was eight years old. I didn’t speak English. We arrived on a Friday night, and by Monday morning, I was sitting in an American classroom trying to make sense of words I couldn’t understand.

At first, communication meant listening carefully, watching other people and relying on gestures. Then I learned a few words. Those words became sentences. Sentences became conversations. I fell in love with learning and developed a curiosity that has never left me.

My father brought my mother and six children to America because he believed this country offered a better life. But there was never an expectation that opportunity would simply be handed to us. If we wanted a better future, we had to build it ourselves.

Years later, after leading Fortune 500 companies and investing in startups, I’ve realized that entrepreneurship requires many of the same habits I learned as an eight-year-old immigrant. The encouraging part is that you don’t have to immigrate to develop those habits. They are choices every entrepreneur can make.

Become a student before you become an expert

Before you can succeed in a new country, you have to study. Before I could make friends, participate in school or understand the world around me, I had to learn the language. Once I learned to read, I discovered a love of books, and this passion for learning has been a foundational piece of my career.

Business works the same way. Experience matters, but it has a shelf life. Markets evolve, customers change, and technology reshapes industries faster than ever. The leaders who continue learning long after they’ve become successful are usually the ones who stay successful because they never stop asking questions.

Get comfortable being uncomfortable

Immigrants don’t have the luxury of waiting until everything feels familiar. They solve problems while living inside uncertainty. Entrepreneurs face a remarkably similar challenge. There is rarely enough information, enough capital or enough certainty to eliminate risk.

The leaders who succeed aren’t necessarily the ones with the perfect plan. They’re the ones who make thoughtful decisions, learn quickly and adjust without losing momentum. If you wait until every variable is known, you’ll spend more time watching opportunities than pursuing them.

Make resourcefulness your competitive advantage

Through startup investing, I’ve learned that the founders with the biggest budgets aren’t always the ones who build the best businesses. The strongest entrepreneurs consistently find ways to move forward with the resources they have instead of waiting for the resources they wish they had.

Many immigrant families develop that habit out of necessity. They learn to stretch every dollar, solve problems creatively and maximize every opportunity because nothing feels guaranteed. Every business leader can adopt that same mindset by asking a simple question: “What can we accomplish with what we already have?” That shift in thinking often unlocks more innovation than a larger budget ever could.

Balance high standards with empathy

Hard work has always been one of the defining characteristics of entrepreneurial success, but I don’t believe it’s enough by itself. Growing up, my parents also taught us to care about other people, to give them the benefit of the doubt and to understand that everyone is carrying challenges you may not be able to see.

I’ve tried to bring that lesson into every leadership role I’ve held. The best leaders don’t lower expectations because they care about people. They raise expectations while creating an environment where people feel respected, supported and trusted. Accountability and empathy are not competing ideas. They reinforce one another.

Replace “I can’t” with “I’ll figure it out”

One lesson from childhood has stayed with me throughout my career. As an eight-year-old who couldn’t speak English, every day presented a new obstacle. Someone would ask me a question, and I couldn’t answer. So I listened carefully. I repeated words and sentences, growing my confidence with each conversation.

That experience permanently changed how I think about difficult problems. When people tell me they can’t do something, my instinct is almost always to believe they can. Maybe they don’t know how yet. Maybe it will take more work than they expected. But with focus, intentionality and persistence, there are very few challenges people can’t learn to overcome.

The lesson isn’t really about immigration

Immigrants have helped build some of America’s most successful businesses because entrepreneurship rewards resilience, adaptability, optimism and hard work. Those qualities are common among immigrants because their experiences often demand them.

The important lesson, however, is that this mindset isn’t exclusive to immigrants. Every entrepreneur can cultivate it. Stay curious enough to keep learning. Be resourceful instead of waiting for perfect conditions. Treat uncertainty as part of the process instead of a reason to hesitate. Hold yourself and your team to high standards while leading with empathy.

I still think about that eight-year-old boy who arrived from Cyprus. Looking back, I realize that experience taught me something I still believe today: Most people are capable of far more than they think. The question isn’t whether you’ll encounter obstacles. The question is whether you’ll decide to keep learning, keep adapting and keep moving forward. In business, as in life, that mindset often makes all the difference.

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Opinions expressed by Entrepreneur contributors are their own.

If you’re an entrepreneur, you probably love learning at some level — it’s inherent in the job description. You are known for taking risks more than the average person, and the execution of successful strategic action is a result of trial and error.

Learning is the engine that keeps things moving forward, and it’s the iterative process of applying new learning that can propel your business toward growth. As an entrepreneur of a thriving business, learning manifests as an intense self-directed, hands-on learning experiment that can take years to master.

My father, a successful self-taught entrepreneur, created many businesses from scratch. With only an eighth-grade education, he used the art and science of learning to create multiple million-dollar businesses. Each business represents a different industry — transportation, medical and entertainment. He was a keen observer of people and a risk-taker, implementing what he learned, pivoting when needed and then relearning until it worked.

In observing my father, I gleaned a few priceless tips that point to the heart of any entrepreneur — ones that I have applied in my journey.

Related: Why Continuous Learning Is Critical for Entrepreneurs and Their Teams

1. Your ability to learn quickly is a necessary skill for success

Fast learning requires you to identify what you don’t know, what you need to know, who has the information, and how you will acquire the new knowledge. It requires quick action and can cover a broad spectrum of knowledge and skills.

With the evolution of microlearning, you can master a wide variety of concepts and skills through bite-sized, on-demand content. Articles, videos, podcasts, mini-courses and visuals are accessible to meet your specific and targeted learning objectives, and often the selection of precisely what you need is at your fingertips. A few key questions to ask yourself when identifying your learning needs:

  • What am I trying to accomplish?
  • What are the skill gaps that exist?
  • On a scale of time versus quality, which ranks higher?

Fast learning often involves mastering a skill quickly and can also point to those items that require outsourcing — things that may be beyond your time requirements or skill.

Related: Microlearning Is How Work Places Will Succeed Moving Forward

2. Your business evolves as you do — it’s a state of learning, integration, reflection and repeat

Once you’ve identified your broad learning needs, the experiential learning cycle is applied to fine-tune your approach. The experiential learning cycle made known by educational theorist David Kolb suggests that you learn by doing, making learning meaningful through experience. Here is the model made relevant to the entrepreneur:

  • Concrete experience: You actively engage in an activity. You launch a campaign promoting a new service, for example.
  • Reflective observation: You closely observe what happens. You consider what worked and what didn’t. You pay attention to the obvious and the nuanced and take note. Building on the previous example, you discover your email copy is not speaking to your target audience.
  • Abstract conceptualization: You generate new ideas based on your observations. Questions to ask yourself at this stage include: What did I learn? How would I change my approach, if at all? What new knowledge or skill do I need to move forward? You think to yourself perhaps a shift in your messaging requires a small market research project to get you back on track.
  • Active experimentation: You apply new insights and then begin the cycle again. You complete the small market research project, revise your approach and deliver messaging that draws the right people to you.

By moving through these stages, you not only leverage learning and position yourself to succeed, but you are also an active student in pursuit of nailing your business goals.

Related: 5 Essential Ingredients to Doing What You Love For a Living

3. Your willingness to share what you’ve learned will set you apart

As an entrepreneur, you offer value with a product or service. But what sets you apart from others in your industry? Human connection is an essential aspect of your business, and how you connect with others will separate a mediocre business from one that is authentic and intriguing. One way to connect is using a story — your story about how learning has impacted your business.

Sharing your journey as a student of your business makes you real — a person with imperfections and missteps. Stories help to give root to connection and build meaning and are the super-connector to what you have to offer.

Related: How Can Businesses Stay Relevant in a Robotic World?

4. When you make learning central to your business, the potential for expansion is limitless

Honing the learning process is the key to a sustainable and impactful business. The relevant application and implementation of what you learn are similar to the idea of building systems that support your habits. In his book, Atomic Habits, James Clear teaches us the implication that habits can have in our lives. He says, “habits are the compound interest of self-improvement.”

The same way habits produce compound results is similar to the integration of learning will affect your business. You are positioning yourself for evolution when learning is central to your business. It may call for a reinvention, but you will have the tools to shift.

These tips seem straightforward, but when applied mindfully and consistently, they can be transformational. Learning helps you reframe, reflect, plan and act on what you may need to do to move forward, especially when you find yourself stuck. When you are open to the process of learning and approach each challenge with curiosity, you become unstoppable. This is where the learning is the most impactful — you are the master student of your endeavors.

If you’re an entrepreneur, you probably love learning at some level — it’s inherent in the job description. You are known for taking risks more than the average person, and the execution of successful strategic action is a result of trial and error.

Learning is the engine that keeps things moving forward, and it’s the iterative process of applying new learning that can propel your business toward growth. As an entrepreneur of a thriving business, learning manifests as an intense self-directed, hands-on learning experiment that can take years to master.

My father, a successful self-taught entrepreneur, created many businesses from scratch. With only an eighth-grade education, he used the art and science of learning to create multiple million-dollar businesses. Each business represents a different industry — transportation, medical and entertainment. He was a keen observer of people and a risk-taker, implementing what he learned, pivoting when needed and then relearning until it worked.

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