Starting and running a small business can be challenging, especially if you're coming from a poverty or scarcity mindset. This mindset can manifest in various ways, such as a fear of taking risks, a reluctance to invest in your business, and a focus on short-term gains rather than long-term growth.

In this video, we'll be discussing poverty/scarcity mindset while starting and running a small business, and how to overcome it.

One of the most common manifestations of poverty/scarcity mindset is a fear of taking risks. This fear can hold you back from making the necessary investments in your business, such as hiring employees or investing in new equipment. To overcome this fear, it's important to focus on the potential rewards of taking calculated risks, such as increased revenue and growth.

Another manifestation of poverty/scarcity mindset is a focus on short-term gains rather than long-term growth. This can lead to decisions that prioritize immediate financial gain over long-term sustainability and success. To overcome this mindset, it's important to focus on building a strong foundation for your business, such as investing in marketing and branding, building a loyal customer base, and investing in employee training and development.

Lastly, it's important to shift your mindset from scarcity to abundance. Instead of viewing resources as limited and finite, focus on the potential for growth and abundance. This can help you identify new opportunities for growth and expansion that you might have otherwise missed.

In conclusion, poverty/scarcity mindset can be a significant barrier to starting and running a small business. By overcoming this mindset and focusing on long-term growth and abundance, you can build a successful and sustainable business.

#smallbusiness #entrepreneurship #mindset #povertymindset #scarcitymindset #risks #investment #longtermgrowth #sustainability #abundancemindset #growth #success #marketing #branding #customerloyalty #employeetraining


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