How Successful Entrepreneurs Use the Counterintuitive Mind
Entrepreneurs often excel at thinking differently, challenging established norms, and making decisions that others would consider risky or unconventional. While many people stick to a traditional approach to business, the most successful entrepreneurs are those who possess a counterintuitive mindset, allowing them to innovate and open new doors in the business world. Below, we’ll discuss the six ways in which these counterintuitive minds have changed the world.
Counterintuitive Mind #1: “Yes, We Can”
In large companies, employees are often taught to focus on their core strengths and competencies. However, successful entrepreneurs often reject this approach. A clear example is Arnold Correia of Atmo Digital, who faced a challenge outside his area of expertise when a client asked him to install televisions in all his stores and build a satellite connection to broadcast events in real time. Despite having no prior knowledge of satellite technology, Arnold said, “Yes, we can.”
This attitude not only allowed him to win that contract, but also led him to reinvent his business several times. Her ability to take on unfamiliar challenges and adapt to new opportunities was key to her success. Entrepreneurs with a “yes, we can” mindset not only embrace challenges, they see them as opportunities to learn and grow, even if they don’t have all the answers from the start.
Counterintuitive Mind #2: Logic of Solving Problems, Not Creating Products
In many traditional companies, the main focus is on creating new products. However, successful entrepreneurs don’t focus solely on products; instead, they seek to solve problems. John Thorne, a pioneer in the healthcare industry, is a prime example of this mindset. Instead of inventing a new product for the sake of it, John identified a problem: surgical forceps that were adhering to human tissue during surgeries.
Instead of developing an entirely new product, Thorne created a simple but effective solution by developing a nickel-silver alloy that solved this problem. This innovation not only improved the surgical experience, but also transformed their business into a success. The lesson here is that, instead of focusing on creating something new, entrepreneurs can find success by solving specific problems that affect their customers.
Counterintuitive Mind #3: Think Specific, Not General
When it comes to launching a business, many people think that they need to target a broad market to be successful. However, the most successful entrepreneurs often do the opposite: they focus on specific niches. Philip Knight and Bill Bowerman, co-founders of Nike, used this strategy when they identified a problem plaguing long-distance runners: a lack of proper footwear. Instead of creating generic shoes, they designed a specific product for a narrow market segment: runners.
This hyper-focused approach allowed them to differentiate themselves from their competitors and, over time, become global leaders in the sports footwear sector. Nike’s success proves that sometimes it’s better to focus on a small market and do extremely well, rather than trying to cover too much.
Counterintuitive Mind #4: Asking for Money and Maintaining a Cash Flow
Unlike large companies that often have access to large amounts of capital, entrepreneurs often have to get creative to fund their projects. Elon Musk, founder of Tesla, is a perfect example of an entrepreneur who uses unconventional strategies to maintain a steady cash flow. Before producing the first Tesla Roadster, Musk sold 100 vehicles in advance, allowing him to fund its production.
Tesla subsequently also received deposits from nearly half a million consumers interested in the Model 3, even before production began. This pre-sale strategy not only provided the company with the necessary capital, but also validated the market’s interest in its products. For entrepreneurs, maintaining a steady cash flow is crucial, and creativity in how you raise funds can make the difference between success and failure.
Counterintuitive Mind #5: Asking Permission Doesn’t Come First
In many cases, entrepreneurs do not wait to receive permission to innovate; they just do it. Travis Kalanick and Garrett Camp, founders of Uber, followed this principle by launching their revolutionary ride-hailing service. Instead of waiting for approval from regulators, they started their service without owning vehicles and, in some cases, acted in legal gray areas. Although this generated controversy and legal challenges, it also allowed Uber to grow rapidly and transform the transportation industry around the world.
This approach shows that instead of waiting for approval, sometimes entrepreneurs need to act first and resolve legal issues later. While this strategy can be risky, it has also proven to be extremely effective for those looking to break the mold and change industries.
Counterintuitive Mind #6: Borrow, but Don’t Steal
Successful entrepreneurs don’t always need to create everything from scratch. In many cases, it is more efficient to take advantage of existing resources. Tristram and Rebecca Mayhew, founders of Go Ape, took this approach by negotiating a deal with the UK Forestry Commission to use public forest land as part of its network of adventure courses.
By using trees and other resources already available, they were able to build their business quickly without having to start from scratch. Not only did this strategy save them money, but it also allowed them to scale faster than they could have if they had tried to build everything from scratch. This is a reminder that entrepreneurs can leverage existing resources and collaborations to accelerate the growth of their businesses.
The counterintuitive minds of entrepreneurs prove that challenging norms and thinking differently can be the key to achieving meaningful success. Whether it’s saying “yes” to unknown opportunities, solving specific problems, focusing on niche markets, maintaining creative cash flow, acting without waiting permission, or leveraging existing resources, these unconventional strategies have enabled some of the world’s most successful entrepreneurs to change their industries and, in many cases, the world.