10 Steps to Achieve a Growth Mindset in Business

10 Steps to Achieve a Growth Mindset in Business · 1. Be 100 percent accountable · 2. Do not be concerned with what others have · 3. Become an ... SubscribetoEntrepreneurfor$5 Subscribe Entrepreneur Skiptocontent ProfileAvatar Search Menu CloseMenu StartingUp StartingaBusiness AskanExpertMentoring Webinars EntrepreneurElevatorPitch Finance SideHustleAccelerator GrowingaBusiness GrowthStrategies Marketing Sales CustomerService SocialMedia EntrepreneurInsurance Franchise FranchiseCenter TaketheFranchiseQuiz Franchise500List FranchiseHow-Tos FranchiseServiceProviders FranchisesforSale BizOppListings Inspiration SuccessStories Leadership Entrepreneurs Branding TimeManagement FollowUs Facebook Twitter LinkedIn TikTok Instagram Snapchat Youtube RSS BrowseBy Video Podcast LatestNews PopularArticles Books Webinars Spotlight Editions UnitedStates Spanish MiddleEast India AsiaPacific Georgia Europe SouthAfrica SubscribetoEntrepreneur Newsletters MagazineSubscriptions Signingoutofaccount,Standby... 10StepstoAchieveaGrowthMindsetinBusiness Here'showtosuperchargeyourwellbeingonthepathtosuccess. By KristianLivolsi August 4,2020 OpinionsexpressedbyEntrepreneurcontributorsaretheirown. Wealltakepleasurewhenourideascometofruition.We'reevenmorepleasedwhentheideashaveanimpactbyimprovingmotivation,innovationorproductivity,amongotherareas.Thespreadofanideacanbenefitmany,butthatpopularitycanalsoalteranddistorttheoriginal. DigitalArt|GettyImages IamafanofCarolDweck'sresearch.DweckisahighlyregardedprofessorofpsychologyatStanfordUniversityandtheauthorofseveralbooks,includingMindset:TheNewPsychologyofSuccess.InMindset,Dweckdifferentiatesa"growthmindset"froma"fixedmindset."AccordingtoDweck: Agrowthmindsetis"thebeliefthatanindividual'smostbasicabilitiesandskillscanbedevelopedthroughdedicationandhardwork—brainsandtalentarejustthestartingpoint." Afixedmindsetis"thebeliefthatanindividual'sbasicabilitiesandskills,theirintelligenceandtheirtalents,arejustfixedtraits." Dweckconcludedthatindividualswhobelievetheycandeveloptheirtalentsthroughhardwork,goodstrategiesandinputfromothershaveagrowthmindset.Theseindividualsarelikeliertoachievemorethanthosewithfixedmindsetsbecausetheyputmoreenergyintolearningandarelessconcernedaboutlookingsmart. Related:HowtoCreateaGrowthMindsetasanEntrepreneur Adoptingagrowthmindsetcansuperchargeyourwellbeingandgrowth.Herearetenwaystodevelopagrowthmindsetinbusiness. 1.Be100percentaccountable Togrow,youneedtobeaccountable,orwillingtoacceptresponsibility.Asanentrepreneur,youmuststarttoberesponsibleandaccountabletoyourself.Asyougrow,youwillbedemonstratingaccountabilityanditsvaluetoyourteam;theywillfollowyourlead,makingaccountabilitypartofyourcompany'sculture. 2.Donotbeconcernedwithwhatothershave Avoidingenvyisfundamentallyimportantwhenyou'retryingtobefocused,drivenandleading.Focusingonwhatothershaveandwhattheyaredoingsetsexpectationsthatsimplyslowyoudownandtakefocusawayfromyourpurpose. 3.Becomeanexpertinyourfield Imeetsomanyso-called"headliners,"peoplewhoskimthesurface.Inaworldfueledbyfakenews,Photoshop'edsocialpostsandotherillusions,it'scriticaltobecomeanexpert.Strivetobecometrulygoodatwhatyoudo—sogoodthateverybodywantsyourservices.Standoutbasedonyourspecialty. 4.Don'tfocusonyourfailures Whenwelearnthatweshouldworkonourweaknesses,wetendtothinkweneedtoholdontoourfailures.Butfocusingonyourfailuresgivesdetractorstoomuchleverageagainstyou.Instead,claimandlearnfromyourfailuresandthenfocusonlearningandgrowingfromyourmistakes. 5.Dotheworkandputinthetime Greatnessdoesnotcomewhenyouputinjusttenpercent.Putintenpercent,andyou'llachieveonlytwopercentofyourpotential.Toachievegreatness,you'vegottobeat100percent,puttinginthetimeandeffort. 6.Dowhatyouloveforthepeoplewholovewhatyoudo Oneofmyfavoritesayingsis,"Youneedtobepurpose-drivendoingwhatyouloveforthosewholovewhatyoudo." Related:UnderstandingTheGrowthMindset Discoveringyourpurposeisasimportantasfindingyourniche.Youwillbringmuchmorevalueandexpertisetothosethatneedyou,andyouwillhavesomuchmorefundeliveringyourproductsandservices. 7.Don'tfocusonmoney Businessleadersthatfocussolelyonmoneyareneverfullysatisfied,andoftenlosetheircustomers.Instead,careaboutcreatingvalue.Youwantcustomerstosayhowproudtheyareaboutyourproductsandservices.Youwantemployeestosayhowgreatitistoworkforyouandhowmuchtheylearnfromyou.Focusoncreatingfansthroughvaluecreation. 8.Achieveyouroutcomesquickly Donotbeobsessedwithperfection.Instead,befast.Gettingsomewherefirsthasmorevaluethanbeingperfectbutlast.Thatfirst-moveradvantageisveryimportantforgrowth.Developanappetitetofailoftenandquickly,developingyourproductsandservicesquicklyandbetteralignedwiththeneedsofyourcustomers. 9.Begratefulforwhatyouhave Begratefulforwhatyouhavenow.Begratefulforwhatyou'regoingtoachieve.Begratefulforwhatyoudon'thave.Gratitudeisagiftandacorerequirementforagrowthmindset.Thetrueexpressionofgratitudesetsoffenergythathasthepowerofdrawingpeopletowardsyou.Exploreandembraceit. 10.Becomeself-awareandunderstandyourpurpose Ifyouwanttosucceedinlife,youmustknowyourpurpose.Ifyouwanttohaveabusinessgrowthmindset,youmustbecomeself-awareandunderstandyourpurpose.Self-awarenesshasthepowertoalignyourwillandhumility,whichattractspeopletoyouthroughyourpurpose. Related:ToSurviveandThrive,YouNeedaGrowthMindset Growthmindsetisthebeliefthatskillsandabilitiescanbeimprovedandthatdevelopingtheseisthepurposeofyouractions. Buildaculturewherebyallemployeesareenabledandencouragedtodevelopgrowthmindsetsforthemselves—rewardimprovement. Emphasizethatfailuresareopportunitiesandnotthreats.Leadersneedtoencourageandchallengeemployeestobebraveandcourageous. Agrowthmindsetisacontinuousbeliefthatimprovementispossibleandthatfailuresareopportunitiestolearn.Itismuchlargerthanthelimitedobjectiveofimprovingearnings. Growthmindsetisaframeofmind.Leaderscanpositivelyassistpeopleinadoptinggrowthmindsetsbyfosteringacultureencouragingspecificbehaviorsandpractices.Individualsandorganizationscanhavegrowthmindsets. Agrowthmindsetisnotunbounded.Justbecauseyouputyourmindtosomethingdoesn'tmeanyoucandoanything.Youhavetoworkatit,sostartbyimplementingthesetenstepsandbegintolivewithpurpose. 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