Personally, i think this is one of the best articles I have read for a while! Should a seemingly simple concept yet profound in its implications. By Christopher Hawker for Entrepreneur Magazine.
When you lead a company, as opposed to just running it, one of your key responsibilities is managing the mindset of the organization. Who you’re being is just as important as what you’re doing — if not more so. That is because the way you’re being — your mindset — creates the reality of the world around you.
One of the key aspects of the mindset that you want to manage is abundance- versus scarcity-based thinking. Understanding the differences between the two and adopting an abundance-based leadership mentality will help you, those around you and your company grow.
Leaders who have a scarcity-based mindset have what I call a not-enough attitude. They’re the ones who typically complain about not having enough time, money, energy or resources to achieve their goals. Typically, they frame their challenges through what they lack. As a result, their businesses and those around them focus on the wrong priorities: preservation rather than growth, familiar surroundings instead of new frontiers, and complacency over challenges.
Conversely, leaders with an abundance-based mindset focus on possibilities. When President Kennedy committed the nation to landing a man on the moon in 1961 before 1970, NASA had not even determined yet whether it was possible given the limitations of its technology at the time. But Kennedy didn’t care. He was not tied down by existing thinking but instead focused on future possibilities. This is what I call blue-sky thinking.
Abundance-based leaders, like President Kennedy, are visionary and focus on what they want to do — regardless of whether it’s currently possible. This may seem counter-intuitive. Think about how many times you’ve been told in your life “you can’t do that, you should focus instead on (insert safe career).” By following this approach of setting our goals based on what’s reasonable, we end up selling ourselves short.
The vision-based leader isn’t concerned with what’s reasonable or comfortable. She focuses on what she wants, takes inventory of her current resources and connects the dots. The scarcity-based leader accepts things for how they currently are instead of second-guessing for how they could be, and they resign themselves to existing limitations.