Developing a growth mindset needs to be done not just by entrepreneurs and business people but also by regular individuals. There are many ways to grow and develop, and you can learn how to achieve a growth mindset for whatever you want to do.
To do so, you need to understand how the mind works and how events and finances come to materialize.
If not, you will be subject to the same events over and over - with sub-optimal results.
Like Attracts Like
To achieve a growth mindset, you must understand that ‘what you focus on generates momentum’ in a very natural and organic way. In the beginning, it might take a long time to set up a business. And this is commonly known as the grind, where people have to ‘hustle’ to make progress.
But once the business turns profitable, it really takes off. Profit tends to create more profit, and debt tends to make more debt.
This is why we see increased polarization where the rich get richer and the poor get poorer. However, people like to tell themselves that it results from some kind of structured inequality to avoid taking responsibility for their own mindset.
It can also be observed by the fact that, when a homeless person is given a million dollars, they simply end up homeless again within 6 months. Financial circumstances are a product of our thoughts and beliefs. Until our minds are mastered, our financial situations will continue to be in disarray.
It follows that the more we can focus on wealth, the more of it we will have. This also applies to health and well-being. If we can turn our attention towards something, it will grow - given enough time.
The first step to attaining a growth mindset is to understand that like attracts like and that you have to focus your attention on what you want to get it. And you need to focus on what you want intensely and in creative ways.
It is important to remember that growth is most often non-linear.
While blogging, a person may make no money for the first two years - with astronomical returns on the third and fourth. The same can be said across many areas of life, even those that are not financially related.
Understanding that like attracts like is the first step needed to instill a growth mindset.
But there are two steps to the process:
- Focusing on what you really want.
- Avoiding focusing on what you hate.
The difference is subtle but very significant.
It is nearly impossible to focus on happy and positive thoughts when faced with depression or anxiety. So, you need to use specific defensive techniques to avoid feelings of pain, embarrassment, shame, humiliation, which tend to recur repeatedly for some people.
You also need to handle your current situation, where you may not have enough money, and the world is screaming “not enough” at you in a way that can be difficult to ignore. So, you need intermediary processes or “defensive techniques” to bring you into a state of neutrality.
From here, you can then reach for what truly delights you with ease.
There are many strategies that you can use that will benefit your mind long-term. For example, you will find that you are less anxious and stressed and that recurring negative thoughts and emotions tend to crop up less frequently as time goes by.
Meditation has been verified by numerous scientific studies as having beneficial effects on significant biomarkers, such as blood pressure and cortisol levels. In addition, there are thousands of independent studies indicating that meditation effectively alleviates depression, stress, and anxiety.
The same can be said of Yoga and Mindfulness, which have unique advantages. These are all tools that can help to bring you into a state of bliss. After completing them, you might find that your previous problems don’t matter anymore or are not as severe as you thought.
In practice, you don’t have to do meditation, Yoga, or Mindfulness. These are all wonderful techniques that have a myriad of positive effects on the body and mind. But the aim is really to put you in a state of well-being and relaxation. From here, you can reorient yourself towards growth.
Well-being and relaxation are individual states - What works for one person might not work for another.
So, consider walks in nature, massage, essential oils, classical music, going to the gym, running, swimming, dancing, art, creative writing, or anything else that puts you into a good mood.
Then try to capitalize on your positive state.
Growth Mindset Business Practices
For those looking to develop a growth mindset within their business environment, there are many best practices. Firstly, look at where your business is going wrong, its weaknesses, and how to solve them. If you don’t look at what is not working, it will not be possible to expand and grow.
Next, you can apply the same principles to your personal life in areas you want to develop. This can be public speaking, emotional well-being, academic credentials, or any other area that you would like to expand.
Another way to develop a growth mindset is to view all challenges as opportunities and setbacks as fuel for increased growth.
For example, when you get a negative comment on social media, you can respond by thanking the customer for bringing the problem to your attention and rewarding them with a discount for helping you out. This is the difference between a growth-based or problem-orientated mindset.
Testing and experimentation are other ways that you can grow and expand your business.
Keep in mind that the main reason that startups and small businesses fail is because of something known as “premature scaling”. This is a fancy way of saying that the business tried to grow but spent its budget in all the wrong areas before it could do so.
Still, try to test and experiment where possible.
Then, when you find something that works really well, allocate resources extensively in that specific region.
Your business will expand rapidly if you wait for golden opportunities and then pounce - instead of growing for the sake of growing.
This is what all the most successful investors and entrepreneurs do.
You can develop a growth mindset by following some proven strategies to get you where you want to be.
The hardest part can actually be figuring out what it is that you want.
When people are 100% sure about where they want to be in terms of growth, they tend to get there very quickly. It’s when people are conflicted and unsure that the trouble and inconsistencies start to arise.
So, take up some defensive practices and relax to clear the mind. Then do some creative exploration to find out what you want and focus until it materializes