Which mindset do you have when it comes to your business – Abundance or Scarcity?
While I HATE to admit it, looking back, I started out my small business years ago with a scarcity mindset. I was so fearful that I was going to miss out on sales because people would choose a different coach or a different product over working with me.
The trouble with this mindset is that I was focused on me and not helping others reach their goals, whether they became customers or not.
When our businesses are focused on what they can do for us, they are VERY likely to fail. But with a simple mindset shift from serving ourselves to serving others, we open up a much more positive, much more encouraging mindset. We focus on the good of others and our businesses grow as a result of genuinely desiring the best for others and that they would reach their goals regardless of how they get there.
Scarcity mindset believes that “there will never be enough” and that “more for you means less for me”. It is a very self-centered focus often by a very self-conscious individual.
In the 7 Habits of Highly Effective People it says, “Most people are deeply scripted in what I call the Scarcity Mentality. They see life as having only so much, as though there were only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else.
The Scarcity Mentality is the zero-sum paradigm of life. People with a Scarcity Mentality have a very difficult time sharing recognition and credit, power or profit – even with those who help in the production. The also have a a very hard time being genuinely happy for the success of other people.
The Abundance Mindset is the exact opposite believing that “there will always be more”. The individuals with this mindset believe that their businesses should exist to serve others they aim to give more than is expected. As a result of their focus on serving and giving that they experience success.
Which mindset do you have when it comes to your business – a scarcity mindset or abundance mindset? Do you stay focused on giving and serving your customers instead of what your business can do for you? Have you been actively supporting and cheering other female business owners on?
When creating our Business Basics Course, Rachel King and I decided that we wanted our courses to be communities of women who support one another. Powerful things happen when women come together to network, support, brainstorm, and cheer one another on!
Interested in being a part of our next community going through Business Basics? Click here for more info.