In this video tutorial I explain how to avoid making business decisions and make better decisions in life and in business by adapting a specific mindset known as the abundance mentality. When you have an abundance mentality, you will be less likely to make bad decisions due to stress and pressure.
Entrepreneurship is very stressful. There are many pressures. There is never enough money or resources to accomplish everything you need to do. There is never enough time. There are many competitors trying to steal your market share. The number of stressors are endless. Stress isn’t just unhealthy for you, but is can cause you to cower up, and make hurried, pressured and bad decisions. And guess what, making bad decisions will only add more stress down the line. What you need to do is to avoid stress.
The way you can avoid stress is by adopting the abundance mentality. Let me give you an example of how it would work.
If you are trying to hire a software engineer, or get a client that would really help you, you might feel pressure because if these things don’t work out, your business will be far worse off than it would be otherwise. Since you might feel this lack of abundance, it might feel like this engineer or potential sale are your only options. This mindset will cause you to be desperate. And you will make decisions out of desperation which will control how you carry yourself and how you negotiate.
On the other hand, if you had a mentality of abundance, you would not be as pressured or stressed, and you would be more patient until the right opportunity came along. And that can make all the difference in your business. The abundance mentality would be you believing that if things don’t work out with a particular hire or a business deal, that isn’t too much of a problem because another one would come along soon.by