10 Easy Steps to Achieving a Growth Mindset in Business

Growth Mindset In Business March 05, 2021

Lauren Christiansen

Writer

10 Steps to Achieving a Growth Mindset in Business

Stanford University psychology professor Carol Dweck claims people develop a growth mindset when they work hard and learn new skills. While intelligence is helpful, it doesn't ensure that business leaders will adopt growth personality traits.

A growth mindset requires risk-taking and a strong desire to achieve success and business growth. People must capitalize on their brainpower and learn new systems, embrace change, and not fear failure.

In contrast, a fixed mindset is a view that an individual's brainpower and talents are set in place. Fixed growth implies that people are successful because they are inherently more intelligent, motivated, or get better opportunities.

While many people are naturally brighter than others, one's intelligence does not ensure success. Effective growth mindset organizations employ team members and high-level executives who increase their knowledge and skills over time. This type of attitude found in a growth mindset business improves the company culture and increases the bottom line.

Here are the 10 steps to achieve a growth mindset culture in business

1. Growth Mindset Culture - Be Accountable

As Professor Carol says, small business growth stems from accountability. People need to take responsibility for their mistakes and show team members a good example. Subordinates will naturally pick up on the attitude of their leaders and adopt growth mindset skills too. Team leaders need to show the difference between growth vs. fixed mindset to make sure everyone meets KPIs and keeps a positive attitude.

2. Growth Mindset in Business - Don't Worry About Everyone Else

It's easy to get envious in today's society. The grass always looks greener for startups who see successful organizations with various franchises all across the country. A small mindset business needs to focus each day to achieve key goals. Worrying about others' assets only prevents business leaders from meeting objectives. Envy is also the hallmark of fixed mindsets.

3. Adopt Growth Mentality - Become an Expert

In a world full of fake news, people are desperate for expertise. Business owners can showcase their brand and increase customers when they are an expert in their industry. Gaining expertise also displays the difference between growth vs. fixed attitudes. Knowledgeable individuals use their inherent skills to acquire more knowledge and develop growth opportunities. Those with fixed growth mindsets cannot do that.

4. Growth Mindset in Business - Don't Focus on Failures

Failure is an excellent learning opportunity for expansion mindset organizations. Individuals can learn from their mistakes and eliminate inefficiencies to improve in the future. If leaders only focus on their failures, they will get stuck in the past and be unable to move forward.

It's essential to view every failure as an opportunity to learn and develop growth mindset attitudes. This will also help strengthen employees' growth mindset and increase their confidence.

5. Mindset Organization - Do the Work

Unfortunately, nothing comes for free. It's impossible to increase profits and acquire new customers if leadership isn't willing to do the work. Startups face quite a lot of challenges. They need to increase their market share, showcase a brand, and attract customers. They can't afford to only put in 10% of the hard work. Everyone must be willing to put in 100% each day to achieve long-term objectives and an expansion mindset culture.

6. Growth Mindset in Business - Do What You Enjoy

It's pretty noticeable when team leaders aren't super excited about their responsibilities. Customers can tell, employees can tell, and investors can certainly tell. An entrepreneur should showcase how much he/she enjoys the company's values and mission. Those with an expansion mindset believe all of the challenges are worth it because something great is just around the corner.

7. Growth Mindset in Business - Stop Worrying About Money

Those who worry about money more than building strong customer relationships and creating value tend to not perform well. Profits grow naturally when businesses focus on attracting new customers and creating a high-quality product/service. Workers must enjoy being a part of the company and increasing their knowledge base. Focusing only on money will decrease employee morale and the company culture.

8. Growth Mindset in Business - Focus on Quick Outcomes

Leaders shouldn't be concerned with being perfect but rather about completing projects quickly. Business executives should set daily, weekly, and monthly goals in an operational plan or strategic plan. Finishing as many projects as possible without sacrificing quality is critical to maintain a competitive edge and increase the market share. Those with mindset growth know how important it is to stay focused on the task ahead.

9. Achieve Business Growth - Be Grateful

It's critical to be grateful for what the company has achieved so far. It's also important to be grateful for any failures as they are simply an opportunity to learn more. Gratitude does not come naturally to those with a mindset fixed mindset. These individuals are too worried about what they don't have in comparison to everyone else. This is counterproductive and a waste of time.

10. Growth Mindset in Business - Be Self-Aware

Team leaders need to know their purpose in the organization and why they do what they do. Self-awareness can connect one's will to humility, which is a rare personality trait to have. Few CEOs are self-aware enough to be humble, yet they wonder why they struggle to attract customers.

Customers enjoy working with businesses that have a sense of purpose and humility. They want to know that everyone is willing to own their mistakes and learn from them. This increases customers' trust and improves the company's retention rates.

Growth Mindset Business - Key Takeaways

In conclusion, here are the steps to achieve a growth mindset in business

Be accountable and don't worry about larger, more successful organizations. Focus on the goals ahead and what is needed each day to accomplish key tasks.
Showcase expertise to increase customer trust and build a brand. Rather than focusing on failures, remember that they are an opportunity to learn.
Put in 100% effort to achieve success. Leaders who do what they enjoy naturally attract customers and increase employee morale.
Don't focus on money, work quickly, stay grateful, and be self-aware. All of these qualities will increase profits, build the brand, and improve customer satisfaction.

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