15 Sept 2020
Ways to achieve a growth-centric mindset in a business

    We all feel a sense of fulfilment when an idea comes to fruition. We feel even more pleased when the ideas impact the enterprise or the institution positively by improving the motivation levels among the workforce, inspiring innovation and boosting productivity rates- among other areas. The spread of an inspiring idea can benefit many, but the popularity that comes along with it reserves the potential to alter or distort the original.

    Taking a page from Carol Dweck’s bestseller “Mindset: The new psychology of success”, the professor of Psychology at Stanford University has highlighted the difference between a “growth mindset” and a “fixed mindset” very prominently. According to the book, a growth mindset can be defined as “the belief that an individual’s fundamental skills and abilities can be improvised and developed through hard work and dedication, with brains and talent just serving as a starting point”.

    It concludes that individuals who have faith in their ability to polish their talents through hard work, inspiration and proper strategy implementation retain a growth mindset. These individuals are likely to achieve higher achievement rungs than those who function with fixed mindsets because they implement more work into learning and less into being smart.

    Adopting a growth mindset can turbocharge your overall growth and wellbeing as an individual. We are now going to list out the steps one must follow to achieve a growth mindset in business.

    1. Do not event accountability at any point in time

    To grow and prosper, one needs to be accountable and willing to accept responsibility for an event. As an entrepreneur, one needs to be responsible and accountable to yourself as well as for the company the person is at the helm of. As one grows, that individual needs to demonstrate accountability and its sheer value to the team so that they follow the lead and implement the term “accountability” to the company’s culture.

    2. Be less concerned with what others have

    Being less envious of other’s possession is a key criterion when one is trying to be focused, driven and leading by example. Focusing on what others possess and what they are making out sets expectation marks which ultimately lead to a loss in efficiency and take the focus required in an operation out of the equation.

    3. Make yourself an expert in your field of operations

    One might come across what can be termed as “headliners”, people who skim over the surface to meet the ends rather than go to depths to find out and learn what is necessary. In a world that has recently seen a sudden upsurge in fake news, photo shopped social posts aimed to malign an entity and other illusions thanks to the generalization of the internet, it is crucial to go to depths and make yourself an expert regarding that field of interest. Always put hard work to become good at what you do, so good that people would kill for your services. Stand out well above the rest in this regard.

    4. Do not be bogged down by failures

    Heading an enterprise comes with its fair share of failures and there are events when these failures are taken more personally than it should be. Working on weaknesses does not imply holding close bygone failures. Focusing on failures comes with enough detractors who might have substantial leverage upon you. Instead, as we have already mentioned, hold yourself accountable and then work on learning and growing from the mistakes rather than pondering on what went wrong. Claim your failures and focus on rectification rather than investigating causal events.

    5. Put in the necessary hard work

    Greatness is achieved only when you give your hundred per cent. Put in ten per cent and you’ll achieve only 3 per cent from it out of your potential. To achieve something substantial, one has got to put in his complete ability.

    6. Your field should align with your interest

    One needs to be purpose-driven doing what one loves to do for those people who love you for what you do. Finding your purpose and aligning them with your work amidst the flurry of opportunities available in this world is as important as finding your niche. You will realise that this will bring more value and expertise to your services and you will enjoy doing what you do while keeping customers happy.

    7. Money should not be the primary focus

    Business leaders who focus completely on earnings are insatiable beings and often lose their customers in that process. Instead, focus on adding more positive value to your services. Customers should be undoubtedly happy with your services and you also want your workforce to appreciate how the administration is encouraging enough to support good work. Focus on creating patrons of your product through value addition.