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8 Fundamental Tips for a Growth Mindset in Business (and Life)

growth mindset for business and life

When you become mentally strong you can move forward faster. So here are some tips to develop a growth mindset in business and in life.

As a way to earn extra income a business is only as profitable as what you invest into it. As you start to expand the business you’ve also got to expand your mindset.

In business, there is talk of what they call a growth mindset, which is how you can grow your abilities and skills through sheer application.

Many people opt for a fixed mindset approach, thinking that everything is just in one place and will not develop. But I’m excited to show you how you can adopt a growth mindset in terms of expanding your business. 

As you might know, I am a bestselling author with about 2 million books sold globally.

Plus I created a program to help entrepreneurs to make money online called Make Profitable Courses Without The Overwhelm.

I love sharing insights and strategies to help people to become happier and more successful.

With this in mind I put together this quick guide for a how to develop a growth mindset in both your life and business.

8 Tips for A Growth Mindset in Business (and Life)

1. Don’t Worry About What Others Have

growth mindset competitionOne of the biggest issues we can all have as human beings is envy.

The fact is that if another company has an abundance of technology, like computers, you are wasting time focusing on their possessions. You are better off looking at what you can offer.  Yes, there will be times when we need certain technology to help us push forward. But the reality is that you can rent a MacBook and equipment to help you get to the next rung of the ladder. You can find smart ways to get things done, without competing head to head with competitors.

When we worry about what others have, these expectations take focus away from our goals.

Don’t worry about them.

Worry about you

2. Put in the Time

It sounds simple, but effort and application are so important. If you really want to achieve growth. You’ve got to be all in.

There will be times when you don’t necessarily feel like you can put in any more effort.

And there is a lot to be said for getting the balance right in your personal and professional life.

But you’ve got to understand that trying the best you can is good enough. And if this is not enough, you may want to go back to the drawing board and figure out your next plan of attack. 

3. Be Accountable

learn skills freelancerIf you really want to grow, you have to be accountable and willing to accept responsibility.

In fact…. this is one of the most important behavioral traits any entrepreneur needs.

As we grow, we have to show others that we are accountable and be willing to be responsible for the good and the bad.

Unfortunately, so many entrepreneurs like to look for blame outside of themselves. They can blame employees for small glitches, big mistakes and problematic obstacles. In doing so, they might think that they can just get away with things. But these (b)lame excuses will simply hurt them in the long run.

Accountability will generate more respect – and better results. There’s great growth not on in yourself – but in your business – if you are accountable for your business’ issues.

If you are a leader who demonstrates accountability and owns up to mistakes, you are doing the honorable thing. If you are opting for an approach where you are, for example, the Prime Minister of the UK, trying to duck out of everything and only apologize when you’ve been caught, you’ve got to ask yourself what sort of a leader you are.

Accountability should be the fundamental underpinning of your abilities to scale heights as a leader. 

4. Do Not Focus on Your Failures

Failures are very important because they show us where we could improve. However, focusing on these failures too much gives way to a negative mindset, but, more importantly, it also gives your detractors more ammunition.

Claiming those failures and learning from them is pivotal to growing. Once you understand where you have gone wrong it’s time to move on. 

5. Don’t Look at the Money Equation

Anybody who is obsessed with money is never going to be satisfied in life.

From a business perspective, if you focus on profit before custom, you are going to lose those important customers in the end.

We want our customers and our employees to feel satisfied in working with us and what they learn from us.

Creating value is so important, but you can do this away from a monetary standpoint. 

6. Discover Your Purpose

meaning purpose growth mindsetMany entrepreneurs state their purpose is to make as much money as humanly possible.

But the purpose of your business should be about doing what you love for the right people.

When you focus on this purpose you feel more excited to get up in the morning. As a result, you are going to bring much energy and creativity and brilliance to whatever you do in your business.

There’s a saying:

“Do what you love and you’ll never work a day in your life.” 

And while there are going to be times when you are feeling overwhelmed by the tough business stuff, if you have a strong purpose, this will help you to override everything else. 

7. Be an Expert in Your Field

If you endeavor to be really good at what you do to the point that everybody wants your opinions and services, this will separate you from the vast majority of business dealers out there.

We only have to look at the world of influencers to see groups of people who have grown up wanting to make money out of doing little to nothing.

Of course, there are opportunities to make money for little to nothing, but this is why you need to put in the hard work and understand that if you want people to follow, you’ve either got to set yourself apart from the crowd, or you’ve got to be an expert in your fields, which, by proxy, will set you apart from the crowd. 

On a feisty and humorous note: Jesus actually had the ability to turn water into wine. However, if he had a social media campaign, this would form the brunt of these promotional materials. But in the end, it’s the teachings underneath that provide the value in the content. Religious metaphors aside, becoming an expert in your field is the one true way to deliver value not just to your customers but to yourself. 

8. Be Self-Aware

growth mindsetFinally, success in life is about understanding your purpose.

Growth in mindset and in business means you have to become self-aware and have an inherent understanding of your purpose.

Self-awareness gives you the power to line up your passions with your humility.

This will attract people to you, but it also gives you a greater meaning to life. 

We live in an age where we are seldom self-aware and we are always thinking away or outside of ourselves.

When you become self-aware and understand what your purpose is, this is going to make a massive difference in how you perceive life, not just how you perceive business.

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