Development - Commntary
Why an Abundance Mindset? Blog by Peter Diamandis
DO YOU HAVE AN abundance mindset? What the heck is an abundance mindset? And what’s the advantage of having an abundance mindset? In the middle of a pandemic, it’s hard to think about abundance… especially when people are losing their jobs, their businesses or wondering if and when they will get access to a vaccine. Nonetheless, the world is heading rapidly towards abundance, and understanding this could transform your life and your business. Exponential tech like computation, AI, 3-D printing, robotics, VR are rapidly dematerializing, demonetizing, and democratizing products and services. What used to only be available to the richest and most elite, is now available to almost anyone on the planet. A child in the middle of Zimbabwe can Google any information or video conference for free with someone on the other side of the world. Many things we paid millions of dollars for just two decades ago are now available for free on your smartphone. The challenge is that our minds evolved during a world of absolute scarcity, and most people are trapped in an unhealthy “Scarcity Mindset”. In a world of scarcity, there is a limited pie. If your neighbor gets a slice, that means you get a smaller slice. It’s a world of limited resources and fierce competition. With an Abundance Mindset, rather than slicing the pie into thinner and thinner pieces, we just bake more pies… millions of more pies. This is the future that exponential tech enables. And this is true across almost every sector whether or not people see it or recognize it yet. Creating a world of abundance isn’t about creating a world of luxury, it’s about creating a world of possibility. I believe that an Abundance Mindset is 1 of the 6 critical Mindsets for a leader and an entrepreneur to actively develop and firmly command. 28
November-December 2020
So, what are the benefits of an Abundance Mindset? And how do you develop one? Here is a summary on WHY you should desire and develop an abundance mindset: With an Abundance Mindset… 1. You understand that the world is becoming more abundant, and this allows you to maintain a hopeful and compelling vision for the future. This positive mindset sets you apart from others, and attracts the best team to your mission. 2. You don’t resent missed opportunities because you understand that you are living in a world of ever-increasing opportunities. The future holds many more exciting, fulfilling and profitable opportunities for you to pursue. 3. You don’t fear the future. Instead, you embrace it and are excited to learn all you can to create the future you and your business desire. 4. You view competitors as potential collaborators in a world of ever-increasing business opportunities. Why worry unnecessarily about your competitors when you can create another, larger pie? You focus your time, attention and resources on pursuing Moonshots that are 10x (1000%), versus fighting in the trenches for 10% improvements. 5. You are reinventing your business through a digital lens -- constantly dematerializing, demonetizing, and democratizing your products and services, making them available to a larger and larger customer base at a lower and lower cost. 6. As a leader, you convey a hopeful and DAWN
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