Richard Branson Explains Why Most Entrepreneurs Lack the Right Mindset
Growing and failing aren't mutually exclusive.
Successful entrepreneurs take risks, are willing to fail and live with the consequences. Those who are unable to face these challenges are likely not meant to be entrepreneurs -- or they must change their mindset. Even the most “talented people have fixed mindsets and are unwilling or unable to make the necessary changes to improve,” the billionaire entrepreneur writes.
In general, a fixed mindset has many downsides, but when it comes to entrepreneurship, the stakes are especially high. When someone is unwilling to change or improve, his or her business suffers. As Branson puts it, “ideas stagnate, businesses stop growing, people stop learning.”
If you find yourself feeling stuck in a fixed mindset, don’t blame yourself. Growing up, we are often taught to think in a risk-averse way, Branson explains. Consider how, in school, grades motivate most students more so than learning.
It’s time to change your mindset. But where do you start? Simple: Step out of your comfort zone. Pursue your ambitions, work with others, take any steps that will help you grow, and you will quickly see a change in the way you approach both business and life.
Entrepreneur Editors' Picks
Crypto Doesn't Have to Be Serious. Just Ask This Comedian Who Organized a Conference About Failure in the Industry.
Want to Succeed? Turn Your Fixed Mindset Into a Growth Mindset.
Google's CEO Is Asking Employees 3 Simple Questions to Boost Productivity
'Greatest Storyteller Wins.' Katy Perry on the Surprising Link Between Pop Stardom and Entrepreneurship.
The 5 Personalities You Meet in a Coworking Space
'Man's Best Friend' — and Investment: The Thriving Industry of Pet-Related Franchising