The Key Mindset Shift
In this lesson, we’re going to be talking about an important shift that will need to take place in order for you to be successful in your own business.
With this shift, you cross over from the employee mindset that you’ve been taught your whole life, to the business owner mindset. Unless you make this mental shift, you won’t stand a chance of succeeding in business. So it’s extremely important to “get.”
Let’s think about how most people are raised …
The first thing we are taught as kids, is that if you want to be financially successful in life, you go to school and get good grades. And then you go to college and get more good grades. Then, you might even go back to college again for more advanced post-graduate degrees. (And don’t forget, you need those good grades.)
So, a person spends a decade and a half of their formative years in “learning mode,” rather than “applying mode.” They learn how to be a great employee to work for someone else.
Most people’s default answer to making more money is to go and trade their most valuable thing—their time (their life)—for a fixed salary. When you consider their upbringing and education, it’s no wonder.
We’re not taught to be or do what we really want to be and do. We’re not taught how to become masters of wealth and of our time. So it’s up to us to learn how to make the shift from the employee mentality to one of controlling our own destiny through having our own business.
To become massively successful in business, you need to free your mind of the many limiting beliefs you’ve been taught to have.
Let me prove it:
- If you wanted to become a lawyer, what would you need to do?
- If you wanted to become a medical doctor, what would be the steps?
- If you wanted to become an architect, how could you get started?
There’s a clear path to becoming any of these.
You would just need to go and get the additional schooling, attain the professional credentials, and then you’d be qualified to get a job in any of these categories.
But ask yourself these questions:
- How do I become millionaire?
- How can I become an entrepreneur?
- How do I become the person I need to be to achieve all my goals in life?
We aren’t taught in school or college how to do these things. We’re not taught how to have a proper business mindset like the most financially successful people in society do.
It’s all comes down to what is going on inside a person’s head. It’s their mindset.
Conditioning or reconditioning our mind for maximum success in business is critical. Identifying and getting rid of limiting beliefs from the past is a must.
My colleague, Robert Kiyosaki talks about when he first began to escape the employee mindset. He went to a weekend self-development workshop. The workshop instructor drew this diagram on the board, and basically said: “To become a successful person, we need these four things.”
This was very different compared to what Robert had ever heard before.
You can see from this diagram why so many students (and often the “A” students) fail in the real world when it comes to money and true wealth.
You see, a person can be educated logically, but if you’re not educated emotionally, the fear will stop them from doing what’s required for success outside of the system that most people get trapped in.
This is what I call “paralysis by analysis.” It’s when someone, trying to avoid making a mistake, overthinks a situation with hopes of finding a way forward that involves no risk. It’s a fear of unfamiliar circumstances and of failing and it leads to no decision and no action (paralysis).
Paralysis by analysis is caused by our educational system and its insistence on punishing people for making mistakes.
“A” students are successful only because they make the least amount of mistakes. This works really well in school, but is the single greatest cause of failure in business. In the business world, it’s the people who take massive action, make a lot of mistakes, learn and adjust their approach, make even more mistakes, adjust again, and then ultimately succeed.
This is how it actually works.
A willingness to make mistakes in business is a good thing.
The perfect analogy for this is the story of Thomas Edison, who was criticized for making 1,014 mistakes before creating the electric light bulb. His response was, “I did not fail 1,014 times. I successfully found out what did not work 1,014 times.”
If he’d had the approach that most people in life have, we’d probably all still be sitting in the dark!