Thanks for sharing

As an entrepreneur you have a choice when building and growing your business.  You can come from a scarcity mindset or develop an abundance mindset.

Creating an abundant mindset can have a huge bearing on your success.

A scarcity mindset can lead to envy about what people have, guilt about what others have and anger about what other people are doing in the world.

Developing a mindset of abundance

With an abundance mindset you are more grateful, more creative and focused on collaboration.

If you want to create a life of abundance, creating an abundant mindset will free you up to custom design your ideal future.

You will come from a place of gratitude and appreciation.

This abundance mentality will help you create more opportunity, more happiness and more fulfilment.

Scarcity mindset vs abundance mindset

You have the opportunity to develop one of two mindsets competing for your attention: scarcity and abundance.

A scarcity  mindset can leave you feeling overwhelmed, depressed, and paralysed.

An abundance mindset makes you feel excited, motivated, and ready for action.

Someone with an abundant mindset is focused on creativity, innovation, opportunity and creating multipliers in their business and life.

They see the world as a place with ever-increasing opportunities to create value and achieve continual personal and business growth.

Conversely, someone with a scarcity mindset believes there is a lot of unfairness in the world, they are blamers, they believe there is only so much of any resource available and believe that resource is shrinking in size.

The importance of an abundance mindset

People with an abundance mindset focus on multiplying their capabilities with other people to create something much bigger.

Creating an abundant mindset allows you to:

  • Have the freedom to grow without limitations or restrictions
  • See the world as full of opportunities
  • Have greater clarity and focus around creating something bigger in the future
  • Focus on gratitude despite the circumstances
  • Create exponential growth rather than linear growth
  • Feel plentiful, creative, and inspired
  • Create memorable and meaningful life experiences

How to have an abundant mindset 

How do you stop living a life based on comparison and not being true to yourself?

If you want to create a life of abundance and live everyday with an abundant mindset here are 7 tips to free up your thinking to make your life happier, more fulfilling and allow you to achieve your biggest goals in business and life.

1. Focus on gratitude to create an abundant life 

Grateful people practice proactive gratitude.

There is an appreciation for what they have and are not envious of what others have.

This creates an abundance mindset.

They don’t feel guilty about what they have or what others don’t have.

The key is to focus on being happy with who you are and what you have.

It is all about expanding strengths, expanding your internal gratitude and appreciating the people you have in your life.

If you go into any situation with a proactive gratitude mindset you will always focus on what it great about the situation or people, rather than what is wrong.

Build a gratitude mindset by focusing on achievements

A simple tool to help you build up your gratitude muscle is to list 3 things you’re grateful for at the end of each day.

Another tool is, before any meeting, think about the things you appreciate about the person before you meet.

You will go into the meeting with a very positive attitude and the person will pick up on that.

Your gratitude will expand the more you express it.

Rather than thinking about what you don’t have, focus on what you do.  Appreciate everything you have and abundance will flow in.

2. Surround yourself with people who have an abundance mentality

If you want your life to support your growth and success, it’s essential to build a network of likeminded people.

You need people around you who are also committed to constantly growing and who will appreciate your experiences.

Having people who will push you forward, cheer you on, hold you accountable and be happy for you and your achievements is a key choice you can make.

They can instantly upgrade your thinking, act as collaborators and provide a community that can take you to higher and higher levels.

Find people who are looking to create their own breakthroughs and simply get you.

3. Create an abundant life

Creating a vision of your future gives you clarity about what could be possible, your ideal future if you will.

This vision can fill you with enormous excitement and energy.

This vision helps you simplify everything and can remove a lot of complexity you may feel about where your business is heading and what action steps to take next.

Your vision will act as a guiding path.

Setting goals creates an abundant mentality 

From your vision you can create 12 month goals and then work back and create specific, measurable 90 day goals.

You can envision what your future business and life could look like and, as well as setting goals.

This helps establish the personal improvements you want to make along the way.

Ensure you are always measuring backwards from where you started, to motivate you and ensure that you’re always making progress.

4. Focus on your unique strengths

When you spend more and more time utilising your unique strengths and adding real value to your clients and team you will feel a real sense of abundance.

You may feel anything is possible.  This ensures you become more creative, more energised, and more confident.

From this abundant mindset, you look for multipliers within your own business and seek other abundance mindset entrepreneurs to collaborate with.

This abundance mentality increases your happiness and ensures you are always progressing.

You are constantly moving forward.

This abundance mindset means you seek ways to grow further.

To innovate.

You are always looking for further breakthroughs in both your own and your client’s thinking.

More and more opportunities seem to open up because you have freed yourself up and are spending more time utilising your unique strengths.

5. Do more of what you love

If you look at your business and life what things, activities and people would you like to be freed up from?

How much time are you currently spending doing the things you love and bring you the biggest return?

Conversely, how much time are you spending on low value activities that drain energy and don’t bring you a lot of joy?

If the answer is quite a lot, then you probably want freedom from these activities.

So how can you free yourself up to do more of the things you love.  The high value, high joy activities.

Every 90 days look to REMOVE 3 of the activities you don’t enjoy and drain energy.

Either drop them completely, outsource or delegate.

Look to ADD 3 activities you love to do and deliver the biggest value.

In 12 months you will have freed yourself up from 12 activities you don’t want to do and added 12 activities that you love.

A real Win-Win.

6. Build a life of abundance thinking  

Those with an abundance mindset crave learning and growth.  Improving their work life balance is a key focus.

They are looking for new knowledge and wisdom to consume.

There is a focus on improving thinking, and that requires a mind and body at peak performance.

Keys to this include getting a good night’s sleep, exercising regularly eating healthily and finding time to just rest and rejuvenate.

Take days out of your business for complete rest and rejuvenation when you can.

This means being completely cut off from all distractions.

You will come back physically and mentally stronger, and have more of an abundance mindset rather than a scarcity mindset.

7. Expand abundance and eliminate scarcity 

Rather than trying to improve your perceived weaknesses or skills shortage, instead focus on expanding your existing strengths.

But, do you know what your strengths are?

Have you taken any time to review and assess what you do really well?

As an entrepreneur, you will face a number of challenges so it’s essential to understand:

  • What’s the best use of your time?
  • How will you add value?
  • What things do you do well?
  • Which activities can you be paid the most for?
  • Who can help you get to your ideal future?

If you can maximise your company and personal strengths what would that mean to your revenue and profits?

How much time could you free up and how much simple would your life be?  Focusing on increasing your productivity is key.

Invest your time on maximising strengths, which will create a feeling of abundance.  You will save time and get to your goals a lot quicker.

Summing Up 

People with an abundance mindset are creators not reactors.

Those with a scarcity mindset wait for things to happen and then react.

People with an abundant mindset are crystal clear on their vision and bigger goals so they know exactly what path to follow and action steps to take.

Those with an abundance mentality are always winning or learning.  There is no losing.

They look at what is working and what strengths and opportunities they have.  Their focus is on expanding those strengths, rather than trying to improve weaknesses.

If you choose to live a life of abundance you are always focus on the positive and are excited about the endless opportunities in your future.

Further Reading 

Goal Setting: An 8 Step Process to Setting and Achieving Goals

13 Intentional Actions to Boost Self-Confidence


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Mark Pettit Administrator
Strategic Business Coach , Founder, Lucemi Consulting
About the Author Mark Pettit is a leading 1:1 business coach to ambitious entrepreneurs who want to free themselves up to jump to the next level of time freedom and business growth. He is the founder of Lucemi Consulting, a coaching and consulting company. Visionary, creative, and generous, he is a hero to entrepreneurs seeking to work less, do more of what they love and multiply their revenue and profits.
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