Creating success as business owner relies on knowledge, strategy and execution. However, it is also deeply influenced by the mindset we approach each challenge with.
With the help of Ali Sugars, founder of Heart and Soul Business Academy, we have put together an easy guide to help you understand the 5 Dimensions of a Business Mindset, the foundation to build a thriving business.
1. Positive Attitude
Embracing a positive attitude is key to support the success of your business. It fosters optimistic thinking and behaviour, and empowers you to take on challenges with confidence.
By training your mind to approach business setbacks with positivity, you'll develop stronger patience, problem solving and innovation skills. This is essential in building and managing relationships with clients and team members, which should be built on a foundation of clear and positive communication.
2. Self-Belief
In the competitive and challenging world of business, self-belief allows us to adapt and thrive. It gives us a firm ability to navigate, progress and achieve our goals by understanding the worth we hold.
There’s always going to be a level of fear involved in running a business, but by believing in your abilities, and using that belief to form your decision making and risk assessment, you can channel negative feelings into proactive steps, opening the doors to new opportunities.
3. Internal Control
Internal control is about recognising that we hold the reins of our decisions, regardless of the situation. While we can't always control the external elements of running a business, we do have control over how we respond. When unexpected challenges arise, such as an unforeseen expense or a change in plan, focusing on what you can change and being adaptable will mean you allow yourself to calmly assess the full situation, and strategise the best approach forward with conviction.
4. Resilience
Resilience is about bouncing back from setbacks. Operating a business is full of highs and lows, so it’s important to harness the bad days into something that can fuel growth. Resilience teaches us to acknowledge our emotions, then refocus our attention towards creating solutions. In doing so, we regain control and feel empowered to confront challenges head-on, armed with the belief that every setback is a chance to learn and improve.
5. Growth Mindset
A growth mindset is the cornerstone of success in business. It's about recognising that you are on a constant journey. With a fixed mindset, you see your abilities as static, cemented at the level they currently sit. A growth mindset helps you to embrace the process of learning, and brings the potential to improve unendingly, benefitting both you and your business in reaching important goals.
Helen Forrest, Asuria Business Mentor, shared her expertise on adopting a business mindset, “In business, we're always faced with challenges, but it's how you deal with those challenges and work on your business that matters. When you embrace a business mindset, you learn to understand yourself at a much deeper level, and develop the ability to handle those challenges when they come up.”
Ultimately, the 5 Dimensions of a Business Mindset are powerful tools for success in business that can be harnessed through a willingness to grow, fail, learn and try again. By incorporating a positive attitude, self-belief, internal control, resilience, and a growth mindset, you open your business to new possibilities and reserve yourself a space in the ever-changing future of business.
If you have a business idea or an existing small business and would like to learn more about how our Business Mentors can help turn your business dreams into a reality, click here to learn more.
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