How to build a growth mindset and how it can boost your online success

Critical to building an income online, is the ability to be focused and consistent in your effort in moving towards your goals. That means getting your mindset right. It’s a journey well worth embarking on, but it’s going to have its tough moments which you will need to dig deep to come through. You need a growth mindset, a mindset that understands that real effort is rewarded with mastery in whatever you fully apply yourself to. So let’s dive into how to build a growth mindset and see how applying it will give you the edge you need to succeed.

How many times have you heard that ‘get-rich-quick’ schemes online just don’t seem to work. (I’ve certainly reviewed a number of such schemes that you can search for on this site.) Actually, some of them work pretty well, however often not for YOU when you’re signing up to them.

No, the people that benefit are the one’s that prey upon others that actually want that magical formula, that allows them to sidestep the actual work required to successfully create a revenue stream online. That’s a fixed mindset in action right there! This is when someone feels that real effort is considered fruitless or worse, and will end in failure.

People with a growth mindset believe that their most basic abilities can be developed through dedication and hard work—talent is important, however it needs disciplined effort to turn it into something great – (remember the phrase success is 1% inspiration, 99% perspiration?). Do this and you cultivate a love of learning and a resilience that is essential for great accomplishment.

Fixed vs Growth Mindset

It was Dr Carol Dweck that wrote a really important book on Mindset. (Mindset – Changing the way you think to fulfil you potential). According to Dweck, when a student has a fixed mindset, they believe that their basic abilities, intelligence, and talents are fixed and don’t change. You’re born with your skills and talents you have, and that’s that.

In a growth mindset, however, people believe their abilities and intelligence can be developed with effort, learning, and persistence.

Which one are you? Do you think you can change? Do you think you can pick up new skills quickly and effectively?

Building a Growth Mindset

Here are 10 things to consider and apply to build a mindset that is configured for success

  1. Place effort before talent

Hard work should always be rewarded before inherent skill. Think of it this way – do you have the insight, foresight and intelligence to set the goal of working as hard as you possibly can? Hard work is the variable you have total control over. So take control!

Be competitive through the time and effort you put into something. Out-work your competition, and you will almost always be out-smarting them as a result.

2. Think ‘Not Yet’

I read about a high school in Chicago where students had to pass a certain number of courses to graduate, and if they didn’t pass a course, they got the grade “Not Yet.” This sounds great to me, because if you get a failing grade, you think, I’m nothing, I’m not smart enough. But if you get the grade “Not Yet” you understand that you’re on a learning curve. It gives you a path into the future.

Try giving yourself a ‘Not Yet’ grade, when things don’t work out right the first time round whilst you’re building your online business. You will feel more comfortable with the outcome, and more open to the learning you got from trying in the first place.

3. Get really comfortable with getting feedback

Ask for people’s opinion on your work. Do it regularly, to quickly overcome any fear of being criticized. Ask for feedback with an open mind, not to validate how great you think your work is.

Think of it this way, if someone says they love your work, what good does that do you? They may really think that, or maybe they can’t be bothered or feel nervous about giving you some constructive feedback. Either way, you don’t get the opportunity to learn and improve.

If someone challenges your thinking and suggests a range of alternative ways of doing things, BINGO! You now have a different perspective on things that you didn’t have before.

BANISH your desire to be perfect. Be comfortably imperfect, and LEARN from how others see and receive you.

4. Give yourself regular opportunities for reflection

Look back at what you have achieved in the day. Importantly, think about what you learnt as part of your achievement, alongside what actually got done.

Imagine spending a whole day focused on one challenge, only to realize what you did needs to be completely re-worked. Demoralizing right? Sure, we’re only human and it feels like you’ve wasted your time. But have you? Maybe within the mistakes you made, was a learning that you have gifted yourself for the rest of your days – a learning that will make future days simpler and more effective?

Yeah, you’re going to be frustrated, but be disciplined to reflect on the positive, don’t beat yourself up and keep the bigger picture in mind.

5. Stop seeking approval

When you prioritize approval over learning, you sacrifice your own potential for growth.

Share a peice of work that you know is far from perfect and is not your best work, and see what feedback comes back. You might be surprised – YOUR view of perfect is not everyone else s.

6. Read about brain plasticity

The brain isn’t fixed; in fact it is the opposite. When you open yourself up to learning opportunities your brain creates new neural pathways and strengthens your capacity to think. Put another way, you can effect the way your brain develops with the right mindset.

Read a book or take a class on brain plasticity – it could serve as great motivation for you

7. Value the process over the end result

A growth mindset means that you enjoy the learning process, and don’t mind when it continues beyond an expected time frame.

Sure, set your goals and time frames and drive towards them, however not to the detriment of an important learning process. Build a flexible plan, that allow you to address what’s critical as it arises.

8. Question your assumptions

Today is not a great predictor of your performance 3, 6 or 12 months down the line.

Don’t assume that a goal is impossible based on the skills you have right now. Back yourself that you can pick up new skills. Ask yourself, “what do I need to get great at to achieve this goal?”

9. Try different learning tactics and techniques.

There’s no one-size-fits-all model for learning. What works for one person may not work for you. And also YOU will learn different things in different ways.

Perhaps you like to go through an online course alone, absorbing the material by taking lots of notes. That’s great, however make sure you mix it up too – firstly to keep things fresh and not too routine, but also to make sure there aren’t other routes to learning that you’re not taking advantage of.

How about going to listen to a speaker on the topic you’re learning, finding a mentor, or joining an online discussion forum? The trick here is to get yourself out of your comfort zone a little. This will sharpen the senses and open you up to new ideas.

10. Honor the struggle

And last, but certainly not least, honor the struggle. I love this phrase. It comes from Brendan Burchard. Basically, it is a message of acceptance that your challenges and goals will involve some struggle. If it was going to be easy, then it wouldn’t be a challenge at all, or a goal worth striving for.

If you honor the struggle, your mindset is one of gratitude that the struggle itself throws up opportunities to stretch yourself, improve and learn.

Remember the struggle is NOT your failure, and is NOT there to defeat you. The struggle is the OPPORTUNITY, so set your growth mindset to take encouragement and energy from it.

To your success!

I hope you find these suggestions useful as you find the best ways to build a revenue stream online. A growth mindset, when applied right will give you the strength to achieve all the success you desire.

I would be delight to hear from you if you have any comments or feedback for me.

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