Let’s start with the basics – What is a scarcity mindset?
Scarcity mentality refers to the mindset and beliefs that life is a finite pie, so basically if one person takes a bigger piece, that it will leave less pie for everyone else. People with a scarcity mindset believe that wealth is limited and that one can run out or never have enough.
My main goal for today’s post is to help bring awareness to your mindset and provide ways to shift your focus on to what is actually possible rather than what is happening in your circumstances.
Mindset is an important part of living abundantly as an entrepreneur. When your mindset is stuck, it’s very difficult for you to be open to receiving.
Shifting from a scarcity to abundance mindset is one of the most powerful steps toward becoming profitable in life and your business. Being willing to stand in abundance helps you realize when the fit is not good between you and a potential client. If the relationship is not a good fit, it’s very important to let those opportunities go to others who might better meet their needs. After all, Abundance is a Universal Law.
Here are 5 simple ways to shift your scarcity mindset toward abundance:
1. SURROUND YOURSELF WITH OTHER WINNERS.
It is true – you are the company you keep. And your business and life’s success depends on others. So, find people who are positive, influential and encouraging so that you can grow in your life and stay in a positive mood and mindset.
2. TAKE THOSE RISKS AND EMBRACE OBSTACLES.
Why play it safe? You need to take the risks to know what works and what doesn’t work. You will either win or learn. When you come face to face with an obstacle, approach it with positivity.
3. STEP TOWARD YOUR DREAMS WITH COURAGE AND FAITH IN YOURSELF.
When you enter a new venture in life with a negative or scarcity mindset, you immediately decrease your chances for success. Embrace the reality of the quote by Henry Ford, “Whether you think you can, or think you can’t—you’re right.” I am sure that you have heard the saying, “Nothing ventured, nothing gained.” This saying is proof that some of life’s greatest accomplishments were born from courageous and risky moments.
4. CREATE AN ATTITUDE OF GRATITUDE.
Making a real effort to be grateful is the easiest way to create positive feelings and shift to that abundance mindset. A lot of entrepreneurs are constantly forward focused, and that means we lose sight of and don’t see how much progress we’ve already made and what we have already achieved.
5. LET GO AND MAKE ROOM TO RECEIVE.
We have all done it before… the scenario where you are trying to pick something up when your hands are already full? If that hasn’t ever happened to you, try it now. What you’ll find is that while you hold onto things, you’re physically unable to open your hands to receive anything else. The same is true for your mindset. Shifting from a scarcity mindset requires you to let go of your scarcity perspective to make room for abundance to come flowing in. For example, when you let go of clients who are not a good fit for your best work, it will ultimately allow you to open your hands to receive better, more suitable fitted clients.
No more effort is required to aim high in life, to demand abundance and prosperity, than is required to accept misery and poverty – Napoleon Hill in Think & Grow Rich
If you’re ready to learn more about abundance mindset and much more, tune into the Happy CEO Podcast.
There we dive into topics just like this one that developed ourselves so our businesses can thrive even more!