Many entrepreneurs, business coaches, and life coaches in Atlanta, Georgia will agree that it’s important to have a growth mindset for small business owners to achieve success. Probably the single most important factor in influencing the success of your small business is how you think. That’s why having the proper business mindset is absolutely necessary to achieve your professional dreams and goals.
The first step to adopting the ideal business mindsets is to know what that looks like. If you were to look this up further online, you’ll frequently see the mention of a growth mindset. So let’s break this down.
The two common mindsets
Psychologist Carol Dweck’s work on fixed and growth mindsets is well-known. Dweck and her colleagues studied the behavior of thousands of children, and coined the terms fixed mindset and growth mindset. They used these terms to describe the underlying beliefs people had about learning and intelligence. some people believe that intelligence can be developed (growth mindset) and there are others who believe intelligence is fixed (fixed mindset).
People with a growth mindset embrace challenges, persist in the face of setbacks, see effort as a path to mastery, learn from criticism, and find lessons and inspiration in the success of others. From this list alone, it’s easy to see why many posit that having a growth mindset is key to how to succeed in a small business.
On the other hand, those with a fixed mindset tend to avoid challenges and give up easily. They’re also prone to ignoring useful negative feedback and feel threatened by the success of others.
What does a growth mindset look like in practice?
Generally describing a growth mindset isn’t difficult. But how are we expected to apply that to our small business? Having a growth mindset for small business owners will manifest in these attitudes and behaviors.
Reflect on failure
Small business owners are bound to run into setbacks and even failure. It can make you feel bad, but you should try to look at failure objectively and understand these as lessons to be learned. Instead of thinking that a failure is the end of your career, try to see what lessons you can extract from the experience to help you get your small business succeeding at what you what it to succeed in.
Growth is about learning and applying new skills. even negative experiences such as failed campaigns, PR crises, and unhappy customers can provide lessons that help you build your skills and grow your knowledge on how to conduct your business.
Cultivate resiliency
It’s inevitable that a business will run into difficult and challenging situations. It’s important to be prepared and remember that you need to be resilient in tough situations. Having a growth mindset for business means persisting in the face of challenges and setbacks and not giving up easily.
Anticipate risk
Running a small business is a risk. To be able to grow your business, you have to be willing to take calculated risks that help you develop. Those without a growth mindset are often scared to take risks as they believe they will fail. On the other hand, those with a growth mindset for business will know that risks are a natural part of the job that you must be prepared to deal with. Instead of being afraid of it, you face it head on and study the situation to find the most likely way to minimize risk and maximize success.
Reach out to customers and partners
Lastly, you must also be willing to reach out to others and make them part of your business. Understand who your customers and partners are and how you can better serve them. Be open to feedback as well to better identify the things you need to work on or change.
Work with a life coach from Atlanta to develop the proper mindset for life and business
Learning about the right mindset is the first step to developing one. But being able to consistently practice this until it becomes permanent takes time and dedication. You can help make this process easier with a little external help and a life coach from Atlanta, Georgia can help you do just that.
Tiffiney Booker is motivational speaker and breakthrough coach that helps people transform an area of their lives. Whether it’s career, business, relationships, or personal goals, Tiffiney Booker is there to help you achieve total transformation. Contact us today and take the first step to creating the future you want.