Many small business owners operate their business with the primary intention of making a living. While business growth is often something small business owners strive for, challenges that come with running a business can often hinder a business’ ability to grow or a business owner’s desire to implement new strategies or make changes. By adopting a growth mindset, business owners can work towards their business goals as well as improve their wellbeing.
What is a growth mindset?
A growth mindset is having a focus on continuous improvement incorporating key factors such as perseverance, learning and personal development. It’s a belief that your efforts will not only lead you to success but also push you out of your comfort zone.
People with a growth mindset believe their talents and skills can be developed, they see the potential in themselves as well as their staff. They are more open to trying new things and don’t let the fear of failure get in the way. A growth mindset isn’t something you’re born with, it’s something you can adopt at any stage of your life.
Why is a growth mindset important?
A growth mindset can have many benefits including increased motivation, greater success and improved wellbeing. These are all factors that are helpful when running a business. The positive attitude that is nurtured by way of a growth mindset can help you overcome problems or challenges more effectively and help build your resilience.
6 Tips for Developing a Growth Mindset
There are things you can do to help develop your growth mindset and the growth mindset of your team.
- Try new things and set learning goals.
- Put what you learn into practice.
- Reward yourself and your team for effort.
- When faced with a challenge try to look for the opportunities it may present.
- Learn to give and receive constructive criticism.
- Never stop learning.
The positive attitude that comes with a growth mindset and the potential it can unlock will be rewarding for you, your staff and your business.