[[:encoded, "It’s all about perspective. Whether you’re facing a business challenge or a physical one, having the right mindset can determine how successful you are. In fact, studies by Stanford University psychologist Carol S. Dweck have shown that the power of mindset lies in whether you have a fixed or growth mindset.\n\nA fixed mindset is the belief that you are who you are, and nothing can change that. This encompasses a level of intelligence, talents, and creative abilities. When you have a fixed mindset, it may lead to feelings of failure if you don’t think you are smart enough or capable enough to handle the obstacles that you will inevitably face as a business owner.\n\nA growth mindset, on the other hand, is the perspective that you can continue to learn and adapt to different situations that may arise. Even if you fail, you tend to learn from those failures and turn them into future successes. People with growth mindsets are curious and actively seek to keep learning, a characteristic that is necessary for success.\n\nWhile a growth mindset is more conducive to a successful business, it’s not always easy to change your mindset. The first step in changing how you view yourself and the world around you is identifying what limiting beliefs you may have that are holding you back.\n\nWhat is a limiting belief?\nA limiting belief is a false belief that something is impossible based on one’s own limitations and abilities. Limiting beliefs often keep you from pursuing or setting bigger goals for your business and is a mindset that can hold you back from reaching your potential.\n\nHere are five examples of limiting beliefs that you can identify and overcome.\n\n1. “I can’t compete with [INSERT a COMPETITOR for you].”\nMaybe your product or service isn’t the first of its kind. There may be hundreds or thousands of competitors out there. But guess what—none of those are founded by YOU. When you focus on how to do something better than your competitors in the same way they’re doing them, you lose out on the potential to be uniquely you and attract clients who connect with your voice and brand.\n\nThere’s nothing wrong with a little healthy competition. But take a step back and ask yourself, are you motivated by your competitors, or do you feel defeated by them before you’ve even started? If it’s the latter, here are some strategies for fostering healthy competition and using it as fuel:\n\n•\tDelegate competitor research to someone on your team. Let a team member a
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Anne Bachrach
The Accountability Coach™
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The Accountability Coach: Business Acceleration | Productivity