As a kid growing up in Atlanta, I was a huge fan of the baseball team, the Atlanta Braves. One of my childhood heroes was former Hall of Fame pitcher and current FOX and MLB Network announcer, John Smoltz. Even though Smoltz was one of the best post-season pitchers of all-time and one of the few to dominate as both a starting pitcher and closer, he did experience some ups and downs early on in his career.
It turns out a pivotal moment in his turnaround was to partner with a sports psychologist to make some mental adjustments to boost his confidence and improve his consistency, mental toughness, and, ultimately, his overall performance.
“When you start having doubt, you start creating an atmosphere of ‘things are going to go wrong,’ and they will… If you say ‘don’t hang a slider’ or ‘don’t leave this pitch (up),’ … you start having negative thoughts, and those negative thoughts become positive reinforcement for what you don’t want to do.”
– John Smoltz
Sticking with the theme of mindset mastery, I recently read an excellent leadership development article from Michael Hyatt entitled “Want an Abundant Life? Change Your Thinking.” In the piece, Hyatt illuminates the difference between “abundance thinkers” and “scarcity thinkers.”
Generally speaking, those constantly driven by fear of failure, doubt, or discord fall into the scarcity category. On the other hand, abundance thinkers prioritize, attract, and attain success, happiness, and fulfillment. As you might imagine, they really are polar opposites.
Which of these philosophies describe you and how you run your business operations?
To further distinguish between the two lines of thinking, Hyatt shares some more examples, which I have categorized and summarized for you below. Whether you’re an aspiring entrepreneur, early-stage entrepreneur, struggling solopreneur, veteran business owner, or first-time executive, I’d encourage you to review this breakdown to see how you stack up.
- GROWTH MINDSET
- Abundance thinkers: Think and go big, embrace risk, and believe there’s always more
- Scarcity thinkers: Think small, lack vision, typically play it safe, and feel there will never be enough.
- COLLABORATION and GENEROSITY
- Abundance Thinkers: Openly and proactively share their knowledge, contacts, and compassion with others.
- Scarcity Thinkers: Guarded and very stingy with providing knowledge transfer, introductions, and support.
- RELATIONSHIP BUILDING
- Abundance Thinkers: Highly trusting and easily cultivate rapport.
- Scarcity Thinkers: Highly suspicious and inept at rapport building.
- COMPETITIVE SPIRIT
- Abundance Thinkers: Embrace competition and feel they get better and benefit from a bigger pie.
- Scarcity Thinkers: Fear competition and think they will suffer from a smaller pie.
- DRIVE AND COMMITMENT
- Abundance Thinkers: Go above and beyond and always overdeliver.
- Scarcity Thinkers: Tend to take shortcuts, don’t work hard, and do just enough to get by.
- Abundance Thinkers: Confident, but grounded and thankful…upbeat and optimistic about the future.
- Scarcity Thinkers: Fearful, entitled, and pessimistic about what lies ahead.
How’d you make out? Are your core belief systems and values limiting you and your business?
Everyone always claims they are striving for growth in their business and personal lives, but are they really? Are you? If not, what are you going to do about it and make it happen?
I hope you can relate to more or all of the attributes of the abundance thinkers. If that is not the case, you at least now have a starting point on where you are and what mindset adjustments you need to make to get where you want to go.
If you found this blog helpful or you have other suggested topics for us to cover, please let us know in the comments below.
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