Do you consider yourself a “big thinker”? How does your big thinking influence your day to day activities? For entrepreneurs, big thinking is connected to a growth mindset. But what is a “growth mindset” and what does that really mean for the entrepreneur or business owner?
Carol Dweck, a professor at Standford University, has been studying mindset and its impact, first on children and in sports, has now extended her studies to its effect on companies. As a company of one or more, this should be of interest to you as it can influence whether you’re a big thinker or one who always wants to play it safe.
The Book, Mindset: The New Psychology of Success
In her book, Mindset: The New Psychology of Success, published in 2006, Professor Dweck explains that it’s not just our abilities and talents that bring us success, but success is influenced by whether we have a fixed or growth mindset. This book also explores the power of beliefs on a conscious or unconscious level and how they impact what we do.
A Fixed Mindset
People who have a fixed mindset believe that their character, personality, and intelligence are fixed and cannot be changed in any meaningful way. As a result, they’re not able to flourish as much as those with a growth mindset.
Individuals with a fixed mindset do not willingly embrace the thought of ‘failing forward,’ something that most entrepreneurs will encounter at some point in their business. These individuals are more concerned about being right all the time in their own eyes and in the eyes of others.
Big Thinking Connected to Growth Mindset
How is big thinking connected to growth mindset? Someone with a growth mindset ‘thrives on challenge and sees failure, not as evidence of unintelligence, but as a heartening springboard for growth and for stretching our existing abilities.’ Embracing the growth mindset empowers the entrepreneur to be passionate about learning and exploring new possibilities.
What are some essential qualities for entrepreneurs? These include being creative, willing to take risks, passionate about their goals, and a willingness to never stop learning. All of these qualities are demonstrated by the big thinker who embraces a growth mindset.
A person with a growth mindset is willing to face challenges, makes and accepts mistakes, and learns from those mistakes to keep going.
In 7 Tips to Create a Mindset of Success as an Entrepreneur, I explored seven ways to create a mental shift so that you create a success mindset. These tips are fundamental to becoming a big thinker. Some of these include changing your perception of challenges and
obstacles, and how to view seeming failures as learning opportunities.
Carol Dweck is quoted as saying, “The passion for stretching yourself and sticking to it, even (or especially) when it’s not going well, is the hallmark of the growth mindset.”
So which type of mindset are you willing to embrace in order to experience exponential growth in your business? Remember, big thinking is connected to a growth mindset