How to Develop A Growth Mindset At Work & In Business
In this guide to building a growth mindset, we will educate and empower you to improve your thinking, embrace new opportunities, and create a plan to begin taking actions aligned with your vision for the future.
It is essential to develop a growth mindset if you want to reach your full potential. A growth mindset is a belief that you can improve and grow through effort and learning.
This is different from a fixed mindset, which is the belief that your abilities are set in stone and cannot be improved.
This article will explore how you can develop and harness a growth mindset to achieve your full potential in your work and business.
- Why A Growth Mindset Is Essential In Work & Entrepreneurship
- What Is The Difference Between A Growth & Fixed Mindset?
- Examples Of A Growth Mindset
- Benefits Of A Growth Mindset At Work & In Entrepreneurship
- How To Develop A Growth Mindset
- Resources To Help You Develop a Growth Mindset
Why A Growth Mindset Is Essential In Work & Entrepreneurship
A growth mindset is crucial because it allows you to see failure as an opportunity to learn and grow. Conversely, when you have a fixed mindset, you see failure as a reflection of your abilities and as something to be avoided. This can lead you to give up easily or not try new things for fear of failure.
Fear of failure and giving up on things because you don't yet have the skills or expertise to achieve it will hold you back in your profession or business. Building the mental fortitude to take risks, learn from your mistakes and keep trying even when things are tough will help you ultimately succeed.
A growth mindset is also important because it allows you to view feedback as helpful instead of hurtful. High-performers know that feedback is essential for growth, but you will likely see feedback as criticism of your abilities if you have a fixed mindset.
What Is The Difference Between A Growth & Fixed Mindset?
A fixed mindset is a belief that your abilities are set in stone and cannot be changed. This often leads to a fear of failure, as you believe that any mistakes you make reflect poorly on your abilities.
A growth mindset is a belief that you can improve through effort and learning. This leads to a willingness to take risks, learn from mistakes and keep going even when things are tough.
Examples Of A Growth Mindset
3 Years to Earn My Way Into Middle Management
It took me three years to earn my way into middle management in my previous corporate career. Instead of getting discouraged and giving up, I decided to use this time and experience as an opportunity to learn and grow. I started attending networking events and taking on new projects at work. As a result, I got the job I wanted, increased my income, and found more alignment with my professional life purpose.
Creativity, Curiosity, and Training Lead to A Double Cork 1260 on Skis
I am an avid backcountry skier and mountaineer these days, but in the chapter of my youth, I was a freestyle park skier who found so much joy in learning how to execute new tricks with smooth style.
Rather than accepting each plateau as the best I would ever get at skiing I took this as an opportunity to get feedback and coaching to improve my skiing continuously. I crashed a lot but never gave up.
It took me years to land a 360, but once I had the fundamentals down, supported by an amazing group of friends and mentors to ski with, things really started to click.
During one session I even landed a double cork 1260!
The lesson in this experience is that with a dedication to your sport, or business, you can achieve things that might feel impossible initially, as long as you don't quit when things get hard, which is what many people with a fixed mindset do.
Risk Taking Leads to Running Peak Prosper; The Business and Career of My Dreams
Quitting your job is scary, especially when you don't have another job to go to. But for me, taking the leap into starting my own business and turning it into a success was well worth the risk.
I decided that if I was going to fail, I would fail to do something that I loved…so I took the chance and started Peak Prosper
Through this experience, I learned that changing careers is not as scary as we often make it out to be.
If we take the time to craft a clear vision of our professional future, create a plan of action, and (in my case), hire a mindset coach to support this process, then it becomes more simple to step beyond our fears and create a career where we can thrive.
Benefits of a Growth Mindset At Work & In Entrepreneurship
Increased Likelihood to Take Risks Leading to Opportunities For Growth
To reach your full potential, you have to be willing to take risks and step into unknown experiences with confidence.
Risk-taking could mean taking on a new project at work, starting your own business, or learning a new skill.
It could also mean making a significant investment into your personal or professional development, raising funds to support your business growth, or taking actions in alignment with your vision for the future.
The growth mindset leads to increased risk-taking because individuals with this approach to life tend to take on new challenges in which the desired outcome is not always guaranteed.
However, because a growth-oriented mind also embraces the power of failure, they have a higher propensity to succeed in the long run.
Embrace The Power of Failure On Your Path to Success
A fixed mindset will often result in individuals giving up when faced with failure because they believe that their intelligence or skills are limited to what they currently know.
On the other hand, people with a growth mindset see failure as an opportunity to learn and grow. This empowers them to take on more challenges without the fear of failing to hold them back.
This doesn't mean that people with a growth mindset don't experience fear. The difference is that they have learned to face their fears head-on and use them as motivation to push themselves harder towards achieving their goals.
For high-performers, failure is just a part of the journey toward ultimately turning what they want into a reality.
Take for example when I started my own business after quitting an unfulfilling corporate career. If I was not able and willing to confront my failures on the path to building a successful business, then I would have never become an entrepreneur full-time for the last 4 years now doing work I love.
Resilience, Grit And Adaptable to Massive Change
Another common quality among people with a growth mindset is that they are incredibly resilient. They don't give up when the going gets tough. Instead, they find a way to push through even when things seem impossible. Again, this is because they have faith in their ability to grow and develop new skills as needed.
Likely To Set Ambitious Everest Size Goals
The growth mindset also leads to people achieving bigger and bolder goals. They understand that their current skills and knowledge are not set in stone but rather can be developed over time through hard work and dedication.
For example, when Logan (a Peak Prosper Men's 2.0 Transformation Program member) started his adventure guiding company, he had no idea what his specific goal was.
By implementing our proven goal setting method, The Path To Prosperity, we helped him create a well-thought-out plan and then supported him on the execution. The result is that Logan has built the best rock climbing and via Ferrata guiding company in Ouray Colorado.
How To Develop a Growth Mindset
Develop Self-Awareness Around Your Current Mindset
Getting crystal clear on your current mindset and the programming that is driving your thoughts and actions will build a reference point for where you are and what might be holding you back.
Start by reflecting on the following questions:
- What do you currently believe to be true about your abilities?
- Do you view intelligence and skills as something that is fixed or can be developed?
- When was the last time you challenged yourself with something new and uncomfortable?
- What fears are holding you back from starting your own business or shifting into a more fulfilling career?
Clarify Your Purpose
Defining your purpose and aligning it with your professional vision for the future will become motivational fuel for you to begin working toward your hard goals. Aligning your work with your life purpose will result in more fulfilling work and feeling like you are living up to your full potential.
If you are unsure of where to begin, we put together an in-depth guide that shows you exactly how to define your work-life purpose.
Find Mentors and Friends Who have Developed a Growth Mindset
Creating relationships with people who have already achieved what you are working to achieve is one of the smartest things you can do on your journey.
Not only will they provide guidance and support, but they can also give you a first-hand account of what it took for them to get there, provide you with the feedback you need to build and maintain momentum and help you achieve your hardest goals.
Set Some Everest Size Goals For Your Career, Business, & Life
Creating massive goals will help push you out of your comfort zone, force you to develop a growth mindset, and give you something to strive for.
As we alluded to earlier, setting goals that seem impossible at first glance are actually the perfect breeding ground for developing a growth mindset because they will require you to think outside the box, get creative and take actions outside of your current worldview.
Reprogram Your Beliefs
People with a growth mindset believe they have the ability to learn the skills necessary to achieve their vision and succeed in completing hard projects.
Remember, the only difference between someone with a growth mindset and someone with a fixed mindset is their beliefs.
Our brain is the ultimate tool for manifesting the life of our dreams.
It is the very birthplace of everything we experience in life.
If you’re not familiar with how humans operate, let me break it down below. This formula is something we teach in our 2.0 Transformation Program here at Peak Prosper, and it has the power to radically and powerfully shift your life in a positive way.
T → F → A = R
Your thoughts lead to your feelings, your feelings lead to your actions, and your actions lead to your results.
Let’s say there is a guy who struggles with the thought that he’s not good enough. Because of this thought, it makes him feel unconfident, and because he feels unconfident, he procrastinates on switching careers to something more meaningful. Therefore, the result that he experiences in his life is that he stays in his unfulfilling job and never reaches his full potential.
All of this reinforces his belief that is not good enough and limited.
If you want to take a deeper dive into this process and learn how to change these limiting beliefs permanently through a process we call reprogramming, check out our free 3-part mini-course.
Embrace The Fear of Failure
One of the most common fears we see people struggle with is the fear of failure. This manifests in perfectionism, procrastination and a general unwillingness to take risks.
The truth is that everyone experiences failure at some point in their lives. The key is to embrace it as part of the journey and use it as feedback for how to get better next time.
People with a growth mindset see failure as an opportunity to learn, grow and get better.
They are not afraid to take risks because they know that each experience is helping them get closer to their ultimate goal.
Focus On Your Plan of Action & Process For Success Rather Than Just the Results
When you are focused on the process and taking consistent action steps, the results will take care of themselves.
People with a growth mindset focus on their plan of action and daily/weekly/monthly progress. They celebrate each small victory along the way because they know it is moving them closer to their goal.
We call this your Path to Prosperity which helps you clarify what milestones, habits, and processes need to be completed with consistency to accomplish your biggest goals.
Build A System For Feedback
Creating a system for constructive feedback and learning is one of the best things you can do to support your growth mindset.
This could include setting up regular check-ins with a mentor or coach to get feedback and accountability on implementing the actions required to build your professional vision for the future.
Developing your mindset will help you achieve your greatest goals. But it is also important to understand that this is a lifelong journey. You will not wake up one day with a growth mindset automatically. It takes time, effort and consistency to sustain your full potential.
Below we've included some resources to help guide you on your mindset upgrade journey. I suggest you take advantage of all of them.
Resources to Help You Develop A Growth Mindset
Best Books for Building a Growth Mindset
Below are 2 of our favorite books for improving your mindset.
- Mindset: The New Psychology of Success By Carol Dweck
- Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth By T.Harv Eker
Our free, 3-part online course is designed to help you:
- Clarify your natural skills, strengths, passions and purpose.
- Create a massive transformation vision for your professional future.
- Define your plan of action to turn your vision into a reality.
Schedule Your 1:1 Clarity Call
Lastly, enrollment for our 2.0 Men's Transformation Program is open! If you'd like to follow a proven process, have the support of an epic community of adventurous men, and get expert mentorship to help you develop a vision and plan to get paid to do what you love…