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Business 101: Week 1; Mindset

Success begins with Mindset. Is your mindset ready for success?

You hear it all the time: “success is a state of mind.” Have you ever wondered how two people can go after the same goal in the same way and yet just one of them succeeds? Is it sheer luck? Timing? Perseverance? More often than not, it’s a person’s mind-set that determines whether they fail or succeed. A mind-set refers to what you think about, focus on, and expect from your daily experiences. The most successful entrepreneurs share a set of core skills, beliefs and values that help them persevere as they grow their businesses. This talk will inspire you to adopt or refine the fundamental habits that create your success mindset.

Your mindset influences every result in your life. Who you are and how your business performs is limited or expanded by how and what you think. A success mindset is one of the main ingredients entrepreneurs must have and use to create real, sustainable business success.

Two Types of Mindsets

  • People with a fixed mindset believe that these qualities are inborn, fixed, and unchangeable.

  • Those with a growth mindset, on the other hand, believe that these abilities can be developed and strengthened by way of commitment and hard work.

Importance of your mindset

Your mindset plays a critical role in how you cope with life's challenges. In school, a growth mindset can contribute to greater achievement and increased effort. When facing a problem such as trying to find a new job, people with growth mindsets show greater resilience. They are more likely to persevere in the face of setbacks while those with fixed mindsets are more liable to give up.

How does a Mindset Form?

Most of us are trained in the two types of mindsets early in life, often through the way they are raised or their experiences in school.

Fixed Mindsets

Children who are taught that they should look smart instead of loving to learn, tend to develop a fixed mindset. They become more concerned with how they are being judged and fear that they might not live up to expectations.

Growth Mindsets

Kids who are taught to explore, embrace new experiences, and enjoy challenges are more likely to develop a growth mindset.Rather than seeing mistakes as setbacks, they are willing to try new things and make errors all in the name of learning and achieving their potential. Having a growth mindset is about living up to one's possible potential. Who knows how far a person can go if they set their mind to it? People with a growth mindset believe that the effort that goes into learning and deepening one's understanding and talents is well worth all the toil and trouble.

What is Your Mindset?

Do you have a fixed or growth mindset? If you're curious, below is a quiz you can take to find out what your own mindset. (click on the image below to take the quiz.)

Can You Change your Mindset?

While people with a fixed mindset might not agree but people are capable of changing their mindsets. Parents can also take steps to ensure that their children develop growth mindsets, often through praising efforts rather than focusing solely on results. For example, instead of telling a child that he is "so smart," a parent might commend the child for their hard work on a report and describe what they like the most about the child's efforts. By focusing on the process rather than the outcome, adults can help kids understand that their efforts, hard work, and dedication can lead to change, learning, and growth both now and in the future.


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