Growth mindset

What is growth mindset?

Growth mindset is logic of thinking based on the belief that our abilities can grow and change with deliberate practice. A growth mindset can help you problem solve and tackle obstacles, while encouraging you to see your current skills and talents as traits that can grow with time and effort. Having a growth mindset will be crucial to your success as an entrepreneur.

How do I develop a growth mindset?

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 refocus 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.

Why is growth mindset important?

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 and having a growth mindset can help you overcome the daily grind and stay focused on your goals.

Pro Tip

Pay attention to your own fixed-mindset triggers. When we face challenges, receive criticism, or perform more poorly than others, we can easily fall into insecurity or defensiveness, a response that inhibits growth. Be aware of your triggers and be quick to correct then in order to remain and thrive with a growth mindset.