Have you ever faced a challenge in your business that you couldn’t break from or move forward? Or maybe you’re in a challenging situation, circumstance or condition at this moment.

Every challenging condition you go through has a silver lining, even if you can’t see it right away. The secret to seeing the value of every struggle is shifting your mindset about the situation.

As human beings, our minds constantly watch the events that happen in our lives. Our mindset determines how we perceive these events and how we react to them.

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A fixed mindset involves self-imposed limitations. People with a fixed mindset believe their character, intelligence, and creative abilities are static and they can’t be changed in a meaningful manner. So, if you don’t believe in yourself, who will?

In contrast, people with a growth mindset believe they can grow. And if you want to succeed as an entrepreneur, a growth mindset is what you need.

Here are five ways to embrace a growth mindset.

#1: Accept your weaknesses

Operating in your comfort zones makes it hard to grow. If you want to succeed, you must stop making excuses; they’ll keep you exactly where you are now.

If you tell yourself, "My business is struggling but I know with hard work it’ll get better," you’re putting yourself in the right direction for maintaining momentum in your business. This gives you a reason to get over your limiting mindset.

#2: Learn to see challenges as opportunities

People with a growth mindset see challenges as an opportunity to learn and grow instead of seeing them as obstacles. They aren’t afraid to push themselves out of their comfort zones; they always embrace the chance to learn regardless of what challenge comes their way.

When was the last time you did something outside your comfort zone? Even if it’s terrifying to put yourself out there, you may realize things may turn out well - better than if you didn’t try. 

#3: Learn to accept failure

If you learn to accept challenges and see them as opportunities, you also need to learn to accept failure and be willing to take risks. This is because failure is partly growth, and fearing failure will prevent you from doing the best for your business. 

To build a growth mindset, you need to accept that no matter how hard you try, sometimes things won’t turn out how you hope.

#4: Stop looking for approval and focus on learning

People with a fixed mindset often worry about what others say about their talent and intelligence. To embrace a growth mindset, you need to stop being concerned about what other people think and about getting their approval.

So, focus on learning and growing. Use your time to improve for your own good, rather than thinking about what others think about you.

#5: Learn how to accept and use criticism 

Many people get offended when they are criticized. However, to cultivate a growth mindset, it's important to learn how to embrace criticism without negative feelings. Accepting criticism is a way to learn and improve yourself and your business. Smart entrepreneurs encourage feedback, reviews, and ratings. And when they get negative feedback, they use that information to improve their businesses.

Realizing that you’re in control is the first step in embracing a growth mindset.

Next time, read about the importance of staying focused and passionate about your business.

Until then,

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A Note for Entrepreneurs.  Do you want to grow your business and yourself?  Awesome.  With the help of mentorship from the John Maxwell Team, Thrive Leadership Institute and I are launching, this Fall, two programs specifically created for Entrepreneurs: (1) Maxwell Speakers Club and Networking Group for Entrepreneurs and (2) Entrepreneur Leadership Development Program Workshops.  

To learn more about these exciting New Programs for Entrepreneurs, coming this Fall, visit https://www.johncmaxwellgroup.com/annabanks/Contact  or email Anna@ThriveLeadershipInstitute.com