The Abundance Mindset Trap

How Leaders Can Avoid Falling Into It

There are many different types of Mindsets that exist.

They often contrast against other specific Mindsets.

One of the popular pairs you hear about are Growth Mindsets and Fixed Mindsets (which people often get completely wrong, setting them back).

However, there is another popular pair that people often contrast.

Scarcity Mindsets and Abundance Mindsets.

What They Are

There is a major difference between these 2 Mindsets.

In a Scarcity Mindset, people believe that everything is limited and dwindling faster.

They become more competitive in what remaining Resources exist.

Whether it is budget, territory, or any number of other things.

As they do this, they tend to lose out on Opportunities and Innovative Ideas due to fearing losing too many resources.

On the other hand, in an Abundance Mindset, there is an inherent belief that there is always more.

Whether it is more money that can be earned, more territory to find, more Opportunities, and more Innovation that can occur.