3 Ways Your Mindset Affects Your Life

Life as an entrepreneur presents so many benefits along with plenty of challenges on a daily basis. Something that can either set you up for success or completely derail your ultimate successes if your business mindset.  

In order to manage our outcome it is important to look at our thoughts. If we are projecting our fear of failure we are more likely to attract exactly that. Those fears will hold you back from taking the risks necessary or taking any action at all. 

The good news is that your mindset can be changed into something to support your growth and business success. The small shift from fear to determination and courage to make your business work.

Which scenario do you prefer: taking courageous action or being afraid and freezing in that fear doing nothing?

Here are some other common mindsets that may negatively affect your business:

1. A negative mindset can affect your confidence. How do you react if a boss or client says you made a mistake or they’re not happy with your final product? Does it rock your world for days at a time or can you regroup, make the correction, and move on? If your brain is telling you to reach for perfection, then of course you’ll be extremely disappointed when you make a mistake or misunderstand your client’s needs. Accept the fact that you’re human and find a way to make the client happy. Then jot down that lesson in a journal or implement a new process so that type of mistake doesn’t happen again.

This lack of confidence may prevent you from taking that jump from employee to entrepreneur to begin with. Do you want to be stuck working in a cubicle for other people or would you like the freedom to set your own hours, accept the clients you want, and to answer only to yourself?

2. A poverty mindset can affect how you set prices. “Money blocks” is a popular buzz phrase lately but I still hear story after story of solo-entrepreneurs who consistently underprice their services. If you’re underpricing just to get the job, then you run the risk of not earning enough to pay your bills and you’re telling prospects subliminally that you don’t value yourself enough. If clients baulk at paying your prices, then those aren’t the right clients for you.

3. An imposter mindset can affect how you present yourself to others. Another common theme among solo-entrepreneurs is feeling like an imposter, especially if their skills are self-taught or their market has thousands of competitors already. Feeling like an imposter also feeds into these other situations above, where you lack confidence and don’t charge your worth because you feel like you’re not good enough. Portraying this image to prospects will likely cause them to reconsider hiring you, simply because they want to be fully confident that you are competent to do the job.

Knowing and understanding your mindset about different aspects of your business is important for your personal growth as well as your business growth. But don’t despair: Mindset shifts are certainly possible with some steady practice. Very often it involves changing that negative self-talk into positive self-talk, or adopting the opposite thought. So if you don’t feel confident about a situation, think about all the good work you have done for your clients instead and read their testimonials. Done frequently enough, your confidence will grow.

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