Author: gisellacasolaro

Categories
Personal development

Do You Want To Have An Abundance Or Scarcity Mindset?

Woman head with a tree

You may instinctively see the world as a place of abundance or a place of scarcity. Or, you could deliberately choose how to view it.

The difference between abundance and scarcity

How you view the world will no doubt affect the opportunities you see, the expectations you have, and ultimately the results you get from anything you do. So, it’s important to learn to distinguish the two opposite mindsets you may have.

💡 Here are their 5 key differences:

1> An abundance mindset believes that there is plenty to go around. You believe there is plenty of money, plenty of potential partners, and plenty of opportunities in general.

  • A scarcity mindset believes there is a limited supply of everything, and that someone else must lose in order for you to win.

2> An abundance mindset believes that anything is possible. With that attitude, you’re willing to try new things and you expect that things will eventually go your way. Life becomes much easier!

  • If you have a scarcity mindset, you believe that life is difficult. You see success as being harder than it really is. You expect the worst and might convince yourself that it’s pointless to even try.

3> An abundance mindset makes opportunities more visible. Opportunities are easier to see when you expect to find them. Seek and you shall find: your expectations will be met at some point in your life.

  • If you believe opportunities are scarce, you’ll struggle to find them. This will be true even if they’re right in front of your face.

4> You take more risks with an abundance mindset. You believe the more you risk, the more you stand to gain. You also potentially have more to lose, but that’s part of the game. The bold ones will outperform those that are fearful.

  • You’re more likely to play it safe if you view the world from a position of scarcity. You’re more afraid of losing what you have since you believe it will be difficult to get it back.

5> You are more relaxed if you have an abundance mindset. When you believe the world has everything you need, you view the possibilities as endless. Your overall viewpoint of life is more positive.

  • A scarcity mindset results in anxiety and pessimism. You believe you have to fight the world to get what you want and retain what you already have.

head with mindset switch inside

Your mindset can be changed

The truth is most people live with a scarcity mindset without even realizing it.

In certain parts of the world, the population has factual reasons to feel that way. For example, there may be a shortage of food, clean water, housing or employment.

Scarcity thinking is also partly driven by advertisers and the media in general. We are always encouraged to consume and have more. Even when we have enough, we’re told that we need a better car, better clothes, or a higher income to be successful.

Yet, as empowered thinkers, we should independently decide how to live our life “successfully”.

The good news is that you have a choice!

Mindsets are just beliefs that you acquired early in life through the way you were raised or your experiences in school. They’re powerful beliefs that have shaped your habits but they’re just something in your mind, and you can change your mind.

Ask yourself this powerful question now:

💡 > Knowing what you know now, which mindset do you want to embrace?

If you choose abundance, trust this: abundance will flow into your life if you allow it.

You do need to “wear” this mindset and actively practice it for a period of time though.

In her research from 2009, health psychology researcher Philippa Lally proved that it takes anywhere from 18 to 254 days for people to form a new habit.

So, if you set this as your next goal, in less than a year your life may look a lot different. 🎯

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8 strategies to move from scarcity to abundance

So how can you switch from scarcity to abundance? 

💡 Here are 8 pragmatic actions you can start to take from today! 

1> Move away from a short-term perspective.

If you’re constantly seeking immediate rewards, you might have a scarcity mindset. The utilization of resources right now prevents them from being taken away later.

Overeating and overspending can be symptoms of a scarcity mindset for example. “Better eat it or spend it now before it’s gone” is a poor way to view the world.

2> Focus on what you can have in the future.

Instead of worrying about what you might lose, spend some time thinking about what you can gain in the future.

Look forward to the future rather than fear it. Visualize an exciting future. Develop positive feelings about the future.

3> Focus on what you already have.

You might already have enough to have a grateful and positive mindset.

When you appreciate that you have enough, you won’t be worried about losing it. You have plenty.

4> Avoid people that complain a lot.

You’re more susceptible to the mindset of others than you think.

Find positive people to include in your social circle. There are so many people out there, why spend time with those that make your life harder?

5> Avoid wasting time.

By taking part in frivolous and unproductive activities, you waste your most valuable resource: your time.

Value your time and you’ll have more of it.

6> Keep a journal.

Keep it positive: list all the things in your life that make you feel grateful. Be sure to mention all the people too.

You probably have a home, a job, a car, a family, 10 good friends, and so on. That’s a good start!

7> Get organized.

Organize your home and office space and your personal agenda. You’ll be surprised by how many things you own. Plus, getting organized will free up more time.

When you realize that you have more things and time than you thought, you’ll think more abundantly.

8> Be generous.

Convince yourself that there is enough for everyone by sharing what you have. The more you give, the more others will be willing to share with you.

Giving will enforce the idea that there is always enough to go around.

💡 Key takeaway: an abundance mindset generates an abundant life.

An abundance mindset won’t magically place a Ferrari in your garage or add few zeros to your bank account.

However, it will allow you to achieve the long-term goals you set in your life. 🎯

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Categories
Business development

5 Powerful Questions That Will Propel Your Business Profits

Hand writing the word profit

Have you started your business and find yourself working longer hours for less money than your previous job? Are you feeling stuck in that pattern?

It could all be so different… if you wanted 

You may think that’s not all bad news because you finally have the freedom that you craved so much. And that’s understandable: most entrepreneurs I speak to have the same no. 1 need: freedom.

But consider this: what if you started a business and within a year it was making twice the salary of your former job, and, in addition to that, you were only working half the hours? How would that feel to you?

You would have time to visit your family, learn new skills, get in shape, make new plans, and have the money to fund them.

But is that possible? Of course, it is! Thousands of people are already doing that, and so can you..

Business self assessment visual

Boost your profits through self-assessments

If you want greater profits from your business, it’s important to perform regular and specific reviews of all aspects of your business, including both the big picture and the small details.

Many entrepreneurs underestimate the importance of evaluating their business’ performance directly.

In order to run a business successfully, it’s really important that you continuously make a pit stop in your journey to examine what you’ve done so far, and take a good look back before moving ahead.

You’ll want to know what’s working, what’s working the best, and how you can do more of that.

You’ll want to figure out what’s not working too, so you can determine why that doesn’t work or how you could improve or replace your process. If neither is possible, you quickly need to make some changes.

Here’s a strategic approach that seasoned business owners follow.

💡 When reviewing business strategies, most people come from the “What’s wrong and how can I fix it” perspective.

💡 Yet, here’s a better solution: start from “What’s right about this issue?”.

💡 Then, ask yourself this powerful question “How can I do better?”

When you come from a positive perspective, your creativity for problem-solving is switched on and in alignment with the goals that you set from the start.

The power of this creativity could very well transform your business from a surviving business into a thriving one.

Let’s look at how, in more details.

hand holding lightbulb in front of questions

Ask these questions to review your business  

Going through these questions will lead you to gain the insights you need to continue to shape your business success:

1> What’s right about this issue/ situation/ strategy? 

Get clarity: carefully examine the task at hand, as a starting point.

2> What makes it right? 

Get specific: what is it about those things that makes it an effective process for this situation?

3> What would be ideal? 

Get creative: what would be the absolute ideal strategy/solution for this issue?

4> What’s missing that could bring about the ideal situation? 

Get resourceful: what do you need to find, create, add, or invent to reach this ideal?

5> What will it take to put in what’s missing, so you can bring about the ideal scenario?

Get busy: what is it going to take to make this issue/strategy/situation ideal?

Using the “What’s right?” perspective will, over time, change your own mindset for everything – not just your business, but your personal and family life, too.

Try it yourself and see how different your whole attitude becomes immediately.

In line with the same business optimisation approach, it’s best practice to sit down every 30 days and review the short-term status of the progress you made. The more detailed you are, the better insights you will capture!

Here are 5 specific questions to go through in your 30 Days Review:

1> What action did I take this month to support my business?
2> What action did I take this month to improve my effectiveness?
3> What action did I take this month to improve my efficiency?
4> What results have I created this month through my efforts?
5> How can I do better next month?

You will notice that after four or five times that you’ve gone through these self-assessment checkpoints, you will grow naturally good at “reading situations” in your business and troubleshooting them.

You see, the more decisions you make and the more actions you take, the more efficient you will become. And the more efficient you become, the better results you’ll create for your business.

This is a virtuous circle that will contribute to your business’ profitability. 

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Boost your profits through mentoring support

The reality is, at some point you will reach a stage where you need to confront your self-evaluation with the perspective of somebody else. This is even more compelling when you come across challenges that you don’t know how to overcome.

Albert Einstein once said, “It’s impossible to solve a problem with the same kind of thinking that created it.”. This is why seeking the advice of seasoned professionals is a key strategy in creating a profitable business.

In this scenario, there’s one key question you should ask yourself:

💡 “Who is best placed in helping me in my present business situation?”.

In the first instance, you may prefer to reach out to other entrepreneurs you know and ask their advice at no cost to you. You may even have a more experienced ex-colleague you used to look up to who may take you on board as their mentee now.

The best entrepreneurial minds seek out others who have ‘been there, done that.’

They want to find the person who made the path and ask him/ her how that happened:

  • How long did it take?
  • How much did it cost?
  • If he/she had to do it over again, what would they do differently?

Then, when they expect to gain deep, tailored, long-term and faster results, the very best entrepreneurs would instead hire a personal Business Coach and Mentor.

All successful business owners have had at least one Coach in their history of setting up one or multiple enterprises.

A Business Coach and Mentor can help you to make profitable decisions, take effective actions, streamline your thinking and, above all, advice you on the right solution to the specific barriers you encountered in your business.

It’s like having a business partner that you don’t have to split the profits with. Or having a high value employee without having to pay for taxes and medical benefits.

You may think that the investment level is high but when you do some forecasting, you’ll realise that it will save you more time and money than it costs.

💡 Key takeaway: questions find solutions and solutions can lead you to greater profits.

One of the best skills any entrepreneur can develop is the ability to ask great questions and then, listen to the answers.

In this article I highlighted how it’s very important to:

🎯 Ask the right questions to yourself.

🎯 Ask the right questions to the right (expert) person.

🎯 Ask the right questions from the early days of your business and then regularly.

Chat To Me.

If you are ready to see some changes in your career or business, let’s chat!

BOOK A FREE DISCOVERY CALL