Understanding the Entrepreneurial Mindset. Entrepreneurs need to have a mindset that is based on solid psychological principles. This mindset can help lead them to entrepreneurial success. This week you will explore some of the valuable psychological traits and characteristics of a successful entrepreneurial mindset. Decades of research exist on effective psychological principles, traits, characteristics, and factors for creating success. Entrepreneurs can use that information to their benefit. Some of the most important psychological factors for entrepreneurs include: Lifelong learning Using iterative processes Creativity Being inquisitive Deliberate practice The purpose of this assignment is to examine some of those psychological factors of entrepreneurs. To begin the assignment, download this template. Then, fill in the table with the requested description and importance for each mindset factor. In the last column, provide a source or link for additional information on the topic