What is Mindset?

If you have a business, chances are good that you’ve heard of mindset. You’ve likely heard how important it is and how you should practice it and how it can make all the difference in your business as well as your life. Which is absolutely true. But for starters, what is it?

Oxford defines mindset as the established set of attitudes held by someone. It was first referred to in the 1930s to talk about habits of our mind that are formed by previous experience.

Mindset is commonly referred to when talking about the way someone approaches situations and life in general. A person’s frame of mind, or their mindset, will influence the way they perceive what is possible and outcomes.

There are two different types of mindset.
A fixed mindset
A growth mindset

In a fixed mindset, essentially someone thinks that there’s a limit to their abilities. For example, if they fail at something, they will tend to think “that’s it” and that’s the end of the story.

A growth mindset, on the other hand is when someone can always look at a way to grow. Failure is an opportunity to learn and do better next time. There’s always room to learn from situations. Every single obstacle or situation that we encounter gives an opportunity to learn and grow. That’s a growth mindset.