Having a growth mindset will be crucial to your success as an entrepreneur. What makes a growth mindset special is that it is different from the fixed mindset and requires active practice to develop. It is a way of thinking and helps you approach problem solving, tackle obstacles, and self-improvement. With a growth mindset, you are encouraged to see your current skills and talents as traits that can be grow with time and effort.

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GROWTH MINDSET:

mentality that our abilities can grow and change with deliberate practice

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FIXED MINDSET:

mentality that our abilities are static and limited in how they can change


Entrepreneurs face many obstacles to start a new business. They need to define their goals, gather resources, prepare their product or service, find customers, and much more. However, having a growth mindset can help you overcome the daily grind and stay focused on your goals.


YOU CAN DEVELOP A GROWTH MINDSET
BY PRACTICING SOME KEY SKILLS:

  • Fail but Grow - Look at failures and challenges as a part of the learning process and as opportunities for growth.

  • Comfort Zones - Don’t limit yourself to only actions that you’re comfortable with, take some risks in order to grow.

  • Take Time - Set aside time daily to re-focus your energy on your visions and to reflect on your day.

  • Keep Learning - Read everyday and seek out new materials, even if it’s just quotes that will inspire you to action.

  • Seek Criticism - You don’t have to heed all advice, but be open to feedback and accepting of constructive criticism.

  • Process is Key - While the results are important, the process is where you will have learned the most important lessons so approach problems from all sides and you will find that there are always more than one best solution.