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What can stop you from profiting from your dream is a lack of investment. We all know that it can be hard to start and run a business. Having to invest money into that business makes it even more stressful, and is why many good ideas don’t get their chance to shine. However, what can hold many back from their dreams is their mindset of scarcity. 

What is a Mindset of Scarcity?

Defeated entrepreneur sitting at sunset
Defeated entrepreneur sitting at sunset

A mindset of scarcity occurs when we are obsessing over what we “lack”. When we have a mindset of scarcity, it is often due to the lack of resources that we have within our reach. This type of mindset is often common in areas of poverty. It makes people focus entirely on the things that they need. Although a mindset of scarcity has its benefits—it can help us get stuff done and beat deadlines—a constant state of this mindset can be bad. This mindset makes escaping poverty difficult. It can also make it impossible for one to invest in themselves and their dreams.

It’s normal to want to attain what we don’t have. But dwelling on that can be detrimental to our wellbeing.

What Having a Mindset of Scarcity Can Cost You

Depressed entrepreneur working at home office
Depressed entrepreneur working at home office
“I don’t have enough money.” “I can’t do this.” “I’m not capable enough to achieve this.”—These are all examples of what people with this mindset may say.

Continuing to dwell on things that we “don’t have” can cause us serious stress and anxiety. Not only that, but it can cause us to feel envious of others. The problem with having this particular mindset is that it makes us believe that there are not enough resources for us all and that we have to compete constantly with others. It’s a win or lose mentality, and not being able to measure up to these expectations can cause us to feel unworthy.

A mindset of scarcity and business cannot go hand in hand. If you continue to dwell on what you don’t have, you are risking letting other aspects of your business go down.

Switching to a Mindset of Abundance

Happy entrepreneur smiling at camera
Happy entrepreneur smiling at camera

A mindset of abundance can help you see the world through a more positive lens. Instead of thinking “there isn’t enough” we begin to think “there is more than enough.” Scarcity thinking is brought on by the environment that we are placed in. Instead of focusing on our setting, by thinking abundantly, the world of possibilities can open up for us.

“I can do this.” “There is more than enough for all of us.” “The possibilities for my business are limitless.”

To develop a mindset of abundance, focus on what you do have. You have the potential to do what makes you happy. You have the ability to make your dreams come true. Let the positives be recurring in your mind. Never let what you feel you can’t do stop you from trying.

For example, if your mindset of scarcity is caused by financial strain, there are ways to overcome that. It’s important first to understand that your financial trouble will not go away overnight. Developing a plan for your money can be a great step towards attaining an abundant mindset.

Changing your mindset isn’t even, but it can help you become more confident in attaining your goals.

Do you have any tips on switching to a mindset of abundance? Let us know down in the comments.

This article originally published on GREY Journal.