The only thing constant in life is change—and this is even more true in business.
Blockbuster is often the go-to example of how quickly a business can rise and fall when failing to respond to the changing marketplace, proving how important it is for leaders to develop a growth mindset and implement these practices into their business.
A growth mindset, whether for personal or professional development, is a belief that through perseverance, active effort, and ongoing learning, you can always grow and evolve your knowledge and abilities. This mindset requires you to never stay stagnant and believe that there is always more to learn.
Having a growth mindset is most important for leaders in an organization—you are the ones in charge of keeping your business relevant with the times, technologies, and ever-changing client preferences. For leaders to truly embody a growth mindset, they must embrace challenges head on, see setbacks as opportunities to learn, be willing to take risks, and persevere when faced with obstacles.
If you’re ready to develop a growth mindset, the most important thing is to believe in yourself and your ability to continue to learn and grow — no matter what age you are, or how many years of experience you have. Listen to your peers, pay attention to your environment, read the latest news, watch trends in your industry, and absorb as much information as you can. There’s no start or end to the growth mindset — it’s an ongoing practice that requires patience and dedication. You must always stay positive and curious.
The world is constantly changing — don’t let it change without you.
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