Are You Leading With An Abundance Or Scarcity Mindset?

August 22nd, 2016

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“Abundance is not something we acquire,
it is something we tune into”
– Wayne Dyer
[vcex_divider style=”solid” icon_color=”#000000″ icon_size=”14px” margin_top=”20px” margin_bottom=”20px”][vcex_spacing size=”10px”][vcex_spacing size=”20px”]It is all too easy to get caught up in the world of ‘not enoughness’. In an age where we are constantly being told that we need more, should aim for more, deliver more, earn more and want more is it any wonder that not having enough, doing enough or being enough is one of our greatest social cripplers and fears.

The real danger of this scarcity mindset is the paralyzing effect it has on us. Not only can you find yourself living in the interim moment – I am here, but when I am there everything will be bigger, brighter and better – but you can also easily fall into the trap that there won’t be enough to go round unless I fight for it. And herein lies a major issue for the way we manage our careers, our teams and our businesses.

Viewing our life and career through a scarcity lens can sabotage both your success and your progress. Scarcity people believe that there may not be enough pie to go round or that their share will be smaller than everyone else’s. Abundance people simply believe that you can make more pie.

People with a scarcity mentality tend to see the world (including the workplace) in terms of win-lose. Whilst it often is not about being malicious it manifests in negative workplace cultures and individual outlooks. People with this mindset typically hold onto knowledge, resources, people and staff with a tight reign. They find it difficult to share recognition, power or profit. They keep things close and small because they can control or influence situations with ease.

Conversely people with an abundance mentality see the world in terms of win-win. They are genuinely happy for the successes, well-being, achievements, recognition and good fortune of other people. They go out of their way to help others and contribute to their success because in doing so they believe they can all – both individually and collectively – achieve more. People with an abundance mentality operate from a strong sense of worth and security. They typically adopt a bigger outlook on life and the world and consequently generate new opportunities and possibilities.

Stephen Covey is credited with coining the term ‘Abundance Mentality’ in his book The Seven Habits of Highly Successful People. He notes that scarcity people are always comparing and competing and believes it s a sure fire recipe for unhappiness. Abundant thinkers feel rich before they become rich – and not just monetarily but in all things of value – time, relationships, attention, experience and happiness.

Take a moment to think about some of the attitudes and behaviours around you today:

Are You Leading With An Abundance Or Scarcity Mindset?

If we want to expand our possibilities and grow our careers (and those of our people) we need to shift our thinking away from scarcity to abundance. In doing so we maximise our potential for success and fulfillment.

I believe that there are two critical strategies for developing an Abundant mindset:

  • Know your own strengths and play to them: Your talents and strengths are unique to you and nobody can take them off you or away from you. The more clarity that you have around what they are and how to best apply them, the more you can rely on them to power your career.
  • Position yourself for recognition: This is not about endless self-promotion. Rather it is about building up your portfolio of accomplishments and positioning yourself for more opportunities and achievements. To do this successfully you need to seek feedback and input from your leaders, team and mentors both from within and outside your organization.

Scarcity separates and abundance unites. We all want to be part of a winning game where opportunities abound, successes are shared and achievements are celebrated. Cultivating the right mindset and environment for both our teams and ourselves is what will position us all for success.

As always I would love to hear your thoughts below.

Margot Anderson

If you would like to discuss ways to help you or your team understand and embrace the abundance mindset, please call Margot on 0400 336 318.

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