Business Growth Mindset - How to Ignite Growth Using Your Mind

11 min read
Nov 14, 2021

What's one major business-related goal that you want to accomplish?  

Whether it's to revolutionize an industry or be the top entrepreneur in the world, achieving that goal begins in your mind.

Therefore, if your goal is to set business growth on fire, then the path to getting there also begins in your mind!


Because, whatever thoughts that are floating around in your head ultimately determine the actions you take.  Then, the actions you take and how hard you go at them determine your outcomes!

With that being said, we're sharing how to develop a business growth mindset to ignite business growth.

Once you get the right mindset, your business growth potential is virtually limitless. 

Skip getting the right mindset, and you're basically asking for achieving growth to be a painful, spinning your wheels but going nowhere process.

Don't underestimate the power of your mind to set you on the path to business growth!  Start here to fully harness the power of your mind.


What Is a Business Growth Mindset?


Scientists, philosophers, and everyone in between have been studying the power of the mind for centuries.

More specifically, the power that one's mindset has over their outcomes in life.

In more recent years, top psychologists have been closely studying this power.  One of them is Stanford University professor of psychology and author of the book Mindset: The New Psychology of Success, professor Carol Dweck.

Dweck is most well known for her research on the growth mindset.

According to Dweck, a growth mindset is one in which people believe that their talents can be developed through things like hard work, good strategies, and input from others.

To put it more simply: A growth mindset is the belief that you can develop your talents to achieve your goals because you believe you are capable of growth.

With that being said, a business growth mindset is one in which you believe that you can develop your existing talents and learn new skills related to business growth to achieve growth!

Therefore, if you want to achieve your business growth goals, then fostering a business growth mindset is of the utmost importance.


benefits of a growth mindset in business


Growth Mindset vs Fixed Mindset - What’s the Difference?


Professor Dweck's research doesn't just stop at the growth mindset.

In addition to a growth mindset, she also talks about the fixed mindset.

Contrary to a growth mindset, a fixed mindset is one in which you believe that your talents and skills are mostly 'fixed' and can't be improved upon.  

Essentially, a fixed mindset is the idea that most of one's talents are innate and fixed at birth, and therefore cannot be improved upon, even with practice.

Not only does professor Dweck make the distinction between a growth and fixed mindset, but she also talks about the fact that having a fixed mindset hinders one from reaching their goals.

Because they don't think they can improve, they don't take initiatives that would help them improve, such as learning new skills.

As a result, they stay where they are and don't achieve their goals as often.

Additionally, she talks about how companies can foster either a fixed or growth mindset culture in the office.  

According to Dweck, companies that believe in the power of a growth mindset are called growth mindset organizations.  These organizations often foster growth in their work environment by continuously offering opportunities for employees to become life-long learners.  As a result, the employees improve their skills and the company benefits from it.

With that being said, entrepreneurs who want to achieve business growth can't have a fixed mindset.  And, if they want to speed up their business growth, they should focus on becoming a growth mindset company that fosters a culture of growth.


Why Is a Growth Mindset Important in Business?


By now, you should pretty much get why a growth mindset is important in business.

To put it simply: Achieving any business (or life) goal starts in your mind.  If you don't have the right mindset, then you won't achieve your goals.  And, the best mindset to achieve goals is a growth mindset.

Furthermore, if your goal is business growth... Then you have to start by doing internal work to foster a growth mindset.

If you foster a growth mindset aimed at growing your business, then you will take actions to help you and your business grow.  In the end, you will see the business results that reflect your actions!

All growth begins on the inside.  Regardless of how much business growth you want to achieve, you need to have a business growth mindset to achieve it!


What Is the First Step to Developing a Growth Mindset?


The first step to develop a growth mindset, and more specifically a business growth mindset, is to develop courage.

Not only is this the first step to develop a growth mindset, but it's also the biggest challenge of the process (in addition to the fear of failure)!

In order to grow, you need to have the courage to say, "I need to grow and I'm ready to be vulnerable enough to grow".

This is where things tend to get tricky.

The truth is that most people don't like to admit that they need to internally grow.  Because, human instinct likes to think that, if you're saying you need to grow, then there must be something wrong with you.  And nobody ever likes to think that there is something wrong with them!

While human instinct likes to skew things that way, you can't let it stand in the way of you and your development.

Instead, you need to have the courage to overcome those human instincts, and look at yourself in the mirror and say, "I'm not perfect, and I need to change if I want to get to where I want to be".

Let's put it this way... If growth was easy or didn’t take courage, then everyone would do it!  But, most people don't have the true courage that it takes to seriously grow.

Furthermore, to develop a growth mindset to help your business grow, then you need to start by building up the courage to grow!


Here’s How to Use Your Mind to Ignite Business Growth


Now you might be saying to yourself... "Okay, so I need to develop a growth mindset if I want to achieve my goal of business growth... but, how exactly do I do that?".

We get it!  

Fostering a growth mindset isn't as easy as saying, "I've got a growth mindset now, so where is my business growth!?".

With that being said, we're sharing how you can develop a growth mindset that puts you on the path to achieving your goals.  Because the truth is, getting your mind in the right spot takes actual work and changes.

Therefore, if you follow these steps and make these specific mindset shifts, you will foster the development of a growth mindset.  And more specifically, a business growth mindset!

Want to achieve major business growth?  Here's how to do it with your mind!


Anticipate Hard Work Ahead


Here's the thing: If you mentally anticipate something to happen, then it's more likely to actually happen in reality.  For example, if you anticipate facing challenges, then you are more likely to actually face challenges in real life.

It doesn't matter if what you anticipate is a positive or a negative thing!

The bottom line is that if you anticipate it, then expect it to happen.

With that being said, you need to be very careful about the things you anticipate to happen.  If you're constantly anticipating failure, then, we hate to say it, but you're basically setting yourself up for failure!

Therefore, you need to anticipate positive outcomes.  For example, if your goal is business growth, then you need to anticipate, well, growth!

However, there is one thing that you need to anticipate in addition to positive outcomes.  And, that thing is hard work.

The hard truth is that there is no replacement for hard work.  You can have the most perfect mindset ever, but if you don't reflect that with your work ethic, then don't expect anything good to happen.

In fact, a common mistake that business leaders make is spending so much time on the mental work that they forget about doing the external work!

But, we're here to tell you that you need both halves of the equation.  There is NO replacement for hard work!

Moreover, if you want to achieve business growth, then you have to be ready to put in just as much physical work as you do mental work!

Set your growth mindset up for success by anticipating having to put in the work.  By doing so, you'll be prepared when it comes time to really go at it to achieve your goals!


Why is a growth mindset important in business?


Clear Out Your Mental Cache


Like we mentioned above, you need to open your mind up to learning if you want to develop a growth mindset and achieve serious business growth.

But, one aspect of learning that we often forget about is that, in order to learn, you need to have a clean-slated mind.  By that, we mean a mind free of biases.

Think of it like this: If you want to learn about cooking but you think you already know everything there is to know about cooking, then it's virtually impossible to learn!

Therefore, do a mental reset to clear out any biases you currently have about business growth or growth in general.  We like to call this clearing out your mental cache!

By doing so, your mind will be more receptive to new information and skills that will help you achieve your goals.

Then, you can set up a strategic plan to do the learning that needs to be done.

Before trying to develop your skills so that you can grow, do a mental check-up of your current biases and then clear them out!

If you don't, most of the information you take in will just go right over your head.


Accept That Risk-Taking Is a Part of the Process


Straight-up: If you're already on the journey of entrepreneurship, then you know a thing or two about risk-taking.

While there are tons of resources out there that can help guide you along the entrepreneurial path, the truth is that no amount of knowledge can replace the risk-taking that comes with being an entrepreneur.

In short: There is no substitute or way to get around taking risks in entrepreneurship.  The fact is that you have to take them if you want to succeed!

Unfortunately, many entrepreneurs are afraid of taking necessary risks that will help their business grow.  

Despite the fact that they've already taken the risk to become an entrepreneur in the first place, they still are generally afraid of risk-taking.

Here's the thing: The trick to getting comfortable taking risks isn't about getting rid of the fear of risk-taking.  Instead, it's about accepting that taking risks is a part of the process and looking at them from a different perspective.

Rather than looking at risks as something to be feared, take that adrenaline and repurpose it into excitement!

Try to see it as something fun.  Take those adrenaline hormones and label them as excitement rather than fear.

While it might sound like too small of a change to make any real difference, the truth is that small changes in perspective can make all the difference.

Furthermore, accept that you'll need to take risks in order to grow your growth mindset and business.  Then, change your perspective on risk-taking to make it easier on yourself!


Empower Yourself With the Right Tools


You already know that learning is at the core of developing a growth mindset and achieving business growth.

But, what is the best way to learn?

There are countless resources out there, including books, podcasts, and online courses, but what's the best way to learn about business growth and growth in general?

The best way to learn about business growth is by empowering yourself with the knowledge AND tools necessary to reach your goals.  Having knowledge isn't enough!  You also need to know how to apply that knowledge... And, that's what empowerment is all about.

But, how do you empower yourself and not just equip yourself with knowledge on business growth?  

A couple of the top methods include:

  1. Taking an empowering, personalized growth course
  2. CEO coaching

Now, you might be asking yourself... Is investing in a course or coach really necessary for me to achieve my goals?

Well, think of it like this... If everyone who ever read a book about business growth and developing a growth mindset achieved success as a direct result of that book, then there would be millions more successful entrepreneurs in the world!

In the end, empowerment will not only help you achieve your goals, but it will also help you achieve them in less time.

Knowledge means nothing if you don't know what to do with it.  Empowerment is the difference between having knowledge and knowing how to use it to achieve goals!


Change Your Company Culture


It is difficult for business owners to develop a growth mindset if nobody else around them is trying to do the same.

Therefore, one of the best things entrepreneurs can do is get reinforcement from their team members by fostering a growth mindset culture in their company!

Like any goal in life, achieving a growth mindset is much easier to do with help from other people.

Therefore, do the things that foster a growth mindset culture in your company, such as offering opportunities for your team members to develop themselves personally and professionally.

As a result, not only will you get the growth mindset reinforcement from your team members, but you'll also increase the quality of your growth mindset.

With more intelligent people in on the mission, the more quality input and information there is to take in.  With more input, the better growth mindset you will develop in the end!

Don't go through the journey of developing a growth mindset on your own.  Get your whole team in on the mission to make it easier on yourself and increase the quality of your mindset.


growth mindset companies


Embrace the Growth Process


Last but not least, business growth and developing a business growth mindset is a process!

It's not a simple matter of getting the right mindset, doing the work, and then basking in the results.

Instead, it's a process that includes learning, ups and downs, and changes of heart that ultimately result in growth.

Therefore, you should embrace the process that it takes to achieve your business growth goals.  By doing so, you will turn more introspectively, which further helps reinforce the development of a growth mindset.

If you're always focused on the end result, then it's hard to grow.  And, quite frankly, it's hard to be happy if you're only focused on the end.

Instead, keep your goals at the forefront of your mind, but bask in the process that it takes to get there.

Yes, there will most likely be challenges.  But, if you embrace them you will learn more.  And if you learn more, the more of a growth mindset you develop.

Is the challenge of business growth really worth it if you're miserable going through the process?


Final Thoughts on Using Your Mind to Ignite Business Growth


Whether you accept it or not, all of your business outcomes begin in your mind!

Therefore, if you want to achieve a certain result, you need to start by conditioning your mind for that result.  Only then will you get your desired outcomes!

If business growth is what you desire, then you better be focused on developing a business growth mindset!  It’s the only way to set your mind up to achieve the goal of growth.

Business growth is 100% within your capabilities!  Make the choice today to get started by developing a business growth mindset.  The only limits are those in your own mind.

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