The Value Of An Abundance Mindset
By ansaradaWed Mar 27 2019Innovation
The contrast between abundance and scarcity mindsets influences how individuals perceive opportunities, navigate challenges, and ultimately achieve success. We explore the transformative power of an abundance mindset in unlocking potential while shedding light on how a scarcity mindset could be a mistake and hinder professional advancement.
Delve into the profound impact of mindset on success and discover strategies to embrace abundance, leaving scarcity behind.
Stephen Covey, American businessman and author of 7 Habits of Highly Effective People, writes:
“Most people are deeply scripted in what I call the Scarcity Mentality. They see life as having only so much, as though there were only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else.”
But this is simply not the case. A shift in mindset can make an incredible difference when it comes to unlocking potential and the highest-value outcomes.
When you’re constantly focused on what you have, you cling to what you have out of fear of coming up short. You live within your comfort zone and don’t seek out new opportunities. Ironically, the scarcity mindset actually leads to more wasted resources and unnecessary risk.
On the other hand, successful advisors adopt an abundance mindset. They believe that resources like revenue, opportunities, respect and recognition are abundant, and create a working environment where their team can thrive.
Ansarada’s deal workflow feature showcases what’s done and what isn’t. Visibility over every stage – right down to accountability for individual tasks – enables the team to act with autonomy and complete clarity,in the most efficient way possible.
We’re facing an impending fourth industrial revolution, where AI is going to increase potential tenfold. Machines will uncover the patterns; they can do the data-driven work and reveal insights and opportunities that previously would have taken weeks of grunt work to uncover. It’s time to see the abundance of potential that exists and stop clinging to legacy behaviors that will prevent its fruition.
Once you remove the manual tasks and time-consuming admin, you’re left with actual technical work to do. As in, evolving your skillset and focusing on high-value and strategic work.
For advisors with an abundance mindset, this prospect is exciting. After all, the hours you can charge are fixed, but the outcomes you can achieve – and the value you can generate – are unlimited.
Delve into the profound impact of mindset on success and discover strategies to embrace abundance, leaving scarcity behind.
What is an abundance mindset?
An abundance mindset is grounded in the belief that there is more than enough for everyone. It cultivates a sense of confidence and security, encouraging individuals to approach life with openness and generosity.What is a scarcity mindset?
A scarcity mindset is rooted in the belief that there will never be enough for everyone. It is driven by fear, stress and anxiety, leading individuals to hoard resources and compete fiercely for limited opportunities.Stephen Covey, American businessman and author of 7 Habits of Highly Effective People, writes:
“Most people are deeply scripted in what I call the Scarcity Mentality. They see life as having only so much, as though there were only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else.”
But this is simply not the case. A shift in mindset can make an incredible difference when it comes to unlocking potential and the highest-value outcomes.
Is scarcity holding you back?
Advisors with a scarcity mindset perceive resources to be limited, so they confine themselves to rigid, legacy behaviors and hold on tightly to what they know. This is far from ideal – especially when it comes to fostering teamwork or innovation.When you’re constantly focused on what you have, you cling to what you have out of fear of coming up short. You live within your comfort zone and don’t seek out new opportunities. Ironically, the scarcity mindset actually leads to more wasted resources and unnecessary risk.
On the other hand, successful advisors adopt an abundance mindset. They believe that resources like revenue, opportunities, respect and recognition are abundant, and create a working environment where their team can thrive.
Embracing an abundance mindset
The way that deals are run has already been disrupted by Ansarada’s platform; there’s no reason that any company should wait until the end of a transaction to be in its best shape. All the unnecessary back-and-forth, manual work, and information silos can be eliminated – along with the risk – for faster, safer deals and an always-on state of readiness.Ansarada’s deal workflow feature showcases what’s done and what isn’t. Visibility over every stage – right down to accountability for individual tasks – enables the team to act with autonomy and complete clarity,in the most efficient way possible.
We’re facing an impending fourth industrial revolution, where AI is going to increase potential tenfold. Machines will uncover the patterns; they can do the data-driven work and reveal insights and opportunities that previously would have taken weeks of grunt work to uncover. It’s time to see the abundance of potential that exists and stop clinging to legacy behaviors that will prevent its fruition.
Remove administrative limitations
Those with a scarcity mindset might view the freeing up of more time and resources through AI efficiency and the like as a threat to do real work. After all, “in the land of the blind, the one-eyed man is king.”Once you remove the manual tasks and time-consuming admin, you’re left with actual technical work to do. As in, evolving your skillset and focusing on high-value and strategic work.
For advisors with an abundance mindset, this prospect is exciting. After all, the hours you can charge are fixed, but the outcomes you can achieve – and the value you can generate – are unlimited.
