fixed and growth mindset by carol s dweck

You might think, “I don’t have a background in finance, but I can learn and practice those skills until I feel capable.” Now imagine you approach the situation with a growth mindset. If you have a fixed mindset, you may think, “I’ve never been good with math, let alone financial statements. On the other hand, someone with a fixed mindset views those same traits as inherently stable and unchangeable over time.įor example, as an aspiring entrepreneur, you need basic finance skills to create your business’s budget and prepare its financial statements. Someone with a growth mindset views intelligence, abilities, and talents as learnable and capable of improvement through effort. So You Want to Be an Entrepreneur: How to Get StartedĪccess your free e-book today. Here’s a primer on the difference between growth and fixed mindsets, why a growth mindset is essential for entrepreneurship, and how you can achieve and maintain one. This mindset-that ability and intelligence can be achieved through effort-is called a growth mindset, and it’s an invaluable asset in the startup world. Every person can find opportunities, attract necessary resources, and build teams to bring successful products and services to customers.” “Do you have to be young, or technical, or a college dropout, or risk-seeking to become an entrepreneur? I don’t think so. “Do you have to be a creative genius to succeed?” asks Harvard Business School Professor William Sahlman in the online course Entrepreneurship Essentials. In reality, entrepreneurial skills can be learned and strengthened like any other skill. One common misconception in entrepreneurship is that you either have what it takes to be an entrepreneur or you don’t.

Fixed and growth mindset by carol s dweck