Adopting The Correct Mindset To Owning A Business

By November 9, 2018 No Comments

When we start a business or when we are running a business, our mindset is THE most important aspect. Without the proper mindset and without the proper foundation for your business to stand on, it will eventually fail.

However, luckily in this article, we will be going over the top mindset fundamentals for building a succesful business and a company.

Act As If

Have you heard of the saying, “Act As If”? While this may sound a bit spiritual woowoo, scientific studies have shown that improving your posture, or holding certain poses have shown to increase confidence and even certain chemicals within our brain.

When you are acting as if, you are training your mind and body to expect a certain level of standard in your life. Don’t accept lower standards for your business, because “that is all I can get” but rather start expecting and get comfortable with better quality and better ways of doing business.

Don’t Live Below Your Means

Life is meant to be enjoyed and lived to the fullest. If you are not living the life you want right now, don’t worry, just start surrounding yourself with things in your life that brings you joy and happiness.

If you like to drink that coffee in the morning, don’t cut it out. Start drinking more coffe! You don’t necessarily have to be frugal all the time and live in a scarcity mindset.

Start trying to figure out how you can raise your standards of living, have the things you want, and still have more than enough money to go around. When you adopt an abundant mindset, instead of thinking you can’t have it, you start thinking how can I have it. Don’t make the game easier, start becoming better at the game.

Invest In Yourself Instead of Saving

Most people will tell you the exact opposite. To live below your means, to save the extra earnings in a mutual funds or in the bank. Well, if you are struggling financially right now, it is not about whether you are saving enough for the future payout, but it is rather not having invested in yourself enough.

Invest in growing your strengths and start living your life today. We have been conditioned to believe that the only way to get rich is if it takes a LONG time or if it requires us to kill our health for achieving some level of financial freedom.

That is not necessarily true. You need to learn how to use leverage and other strategies that will get you faster and better results for less amont of effort. And that can only done with investing in yourself.

Be Clear About Your Goals

And most importantly, be absolutely clear about what your goals are for your business and for your life. Most people have a very vague idea of what they want for their company and just go along with whatever comes their way. However, you need to be laser focused on what you plan to achieve within a few months, years, and ultimately when everything is said and done.

Instead of hoping that you will arrive at your destination at some point, you are putting yourself in a sitatuation where you have to take practical steps and approach to getting where you want to be. When you are lost in the woods, instead of walking aimlessly wouldn’t it be better to have a smartphone or at least a compass to show you the general direction?