Richard Branson Explains Why Most Entrepreneurs Lack the Right MindsetGrowing and failing aren't mutually exclusive.
ByRose Leadem•
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To excel as an entrepreneur, having a "growth mindset" is vital, explains Virgin Group founder Richard Branson in a recentblog post. That means being willing to learn, makemistakesand experiment.
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Successful entrepreneurstake 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."
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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 yourambitions, 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.
