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Having a is a quality that appears in job postings across the internet. It has become a buzzword in company mission statements — but one that is rarely defined and often misunderstood.

Having a growth mindset can be beneficial for those currently working as business professionals and those��earning a degree, but what is a growth mindset? How can adopting a growth mindset change your life, habits and career, especially in business?��Let’s find out!

What does a growth mindset look like?

A growth mindset refers to the belief that who you are — your talents, habits and potential — can be developed and improved over time.

The idea of a growth mindset was after decades of research. According to Dweck, people with a growth mindset view themselves as dynamic individuals who have the capacity to learn from their mistakes, identify opportunities and grow accordingly. A growth mindset is not necessarily focused on the end goal but, rather, on the benefits and possibilities of the journey.

In the workplace, professionals with a growth mindset see mistakes not as limiting factors to their success but as the chance to grow their knowledge, seek out greater learning opportunities and further develop their skills.

Benefits of a growth mindset for business and entrepreneurship

A growth mindset is one of the most beneficial qualities you can cultivate as a business professional, entrepreneur, leader or business student.

An entrepreneur interested in starting a business with a fixed mindset, for instance, may look at the required skills and embark on self-talk patterns like, “I’ve never been good at math,” or, “I’m terrible at organizing.” A fixed mindset makes people not only less likely to see which steps they can take to improve their weaknesses but also that such steps even exist.

As a student, a growth mindset is important for your academic success and for opening up to new opportunities after graduation. A student with a growth mindset will be less likely to hold themselves back from their goals. When they’re learning a new skill that’s difficult, time-consuming or disheartening, they keep pressing on toward understanding and self-improvement. They understand that learning new skills, while difficult in the present moment, can be refined and made easier over time with consistent effort.

As a leader in the business sector, having a growth mindset is important for both your success and the success of your employees. By fostering a growth mindset in your work environment, you can continuously improve your management skills while also inspiring those around you to improve their skills. (And possibly cultivate a growth mindset along the way!)��

5. Don’t give up, try again

If you have lived most of your life with a fixed mindset, it will not go away overnight. There will be days when you do better with your growth mindset — when you take risks, learn new things and are creative with your long-term goals.

However, there will also be days when you limit your opportunities and adopt a fixed mindset about your ability to learn new skills. As you develop a growth mindset and see the benefits it can bring to your life��as a student��or business professional, you will experience setbacks. All that matters is that you keep trying, growing and developing to create the future you want.

Learning, as a skill, can give you or your business a competitive edge over those who may be less open to change. According to a , anyone can adopt a curious mindset that leads to a continuous learning journey. With intentional curiosity and learning, a growth mindset should result. It’s all about shifting your mindset!