Did you know, approximately 70-80% of your business success is determined by your mindset?
Your mindset as a business owner is probably one of the biggest risk factors in determining the likelihood of your business succeeding. The good news is that it is one of the risk factors you can control which means you can do something about it.
If you want to increase your chances of business success, it starts with you. Read on to find out if your mindset is helping you, or preventing you, from achieving your business goals.
Growth vs Fixed Mindset
A growth mindset is a belief that our talents, skills, and abilities can be developed through hard work and good strategies.
A fixed mindset is a belief that our talent, skills, or abilities are static or fixed – they are things that cannot be changed in any meaningful way. Unsurprisingly, business owners with a “growth mindset” tend to achieve more, push themselves towards more opportunities.
They are often more open-minded towards pursuing new ideas and have higher chances of success than business owners with a “fixed mindset”.
Eliminate your Limiting Beliefs
A fixed mindset may not be the only thing holding you back from achieving your goals.
Limiting beliefs, things we think (assumptions or perceptions) about ourselves or the way the world works can prevent us from achieving our goals in life, or business.
The way we act is always consistent with the way we think.
Some Examples of Limiting Beliefs:
“I’m too OLD to run a high-growth business…”
“There are many other businesses that ALREADY do this…”
I don’t have ENOUGH experience/skill to pursue that contract…”
Eliminating our limiting beliefs help us move towards a growth mindset, pursue our goals, and increase our chances of success.
Since limiting beliefs are often subconscious, the first step to eliminating our limiting beliefs is to identify them.
Write down a stretch business goal – something you want to achieve but are unsure it is possible
Ask yourself, why have you not already achieved this and/or why do you think that it will be unlikely you will achieve this?
Write down any beliefs you have that you feel are preventing you from reaching your goal.
Challenge your beliefs – why do you believe this? Remind yourself these are beliefs, not truths.
Try a new belief – what is a belief that is aligned with what you want or would help you achieve your goal.
Take action on the new belief – next time you find yourself held back by a limiting belief, act as if your new belief is true.
Shifting your Mindset for Success
Changing the way you think is not easy. Many beliefs, limiting or otherwise, are resistant to change as they have been developed from an early age.
Shifting your mindset requires hard work and conscious effort but the results can be very powerful.
SO ARE YOU READY TO INCREASE YOUR CHANCES OF SUCCESS?
Here are three things you can do to shift your MINDSET so that you can start to achieve MASSIVE SUCCESS in your business TODAY…
Take responsibility for your life – You make your own economy through the power of your own mind. Start being proactive rather than reacting or accepting things are “just the way they are”.
Take action – You don’t make money from what you know, but from what you do. Make a plan and start taking the required steps to achieve your goals. You will not find out if you can unless you try.
Invest in yourself – You can achieve your goals (and change your mindset) by yourself, but it will take longer. An advisor in business, and in life, can challenge your beliefs and hold you accountable towards achieving your goals.
If you are looking for an accountant in Auckland – feel free to reach out.
Are you struggling to make your business work?
Insight CA Limited is a team of experienced Auckland-based chartered accountants and business advisors who can help. We’ll give you the power to see what’s really happening in your business, so you can take control and start making progress. Click here to learn more about how we can help you achieve your goals.