So, what’s all this talk about mindset? Mindset is so important because it dictates what your actions will be.

Mindset is everything about your state of being. It’s about your skill sets, it’s about your belief system. It’s about how you see the world. That state of being leads to the decisions that you make.

Now, there are two types of mindset.

A fixed mindset is characterized by a belief that you’ve reached your limits with your current skill set. You may think you can’t do any better, you know exactly what is going to happen. Therefore, there’s no sense in doing anything else. That’s a fixed mindset.

On the other hand, a growth mindset is driven by the desire to improve. You feel you can do better with your skills, you think that you can increase the clarity of your vision, you believe that you can develop a better understanding of certain things, and therefore to take better actions. That’s a growth mindset.

The key to a growth mindset is the ability to take risks and embrace failure. If you’re not willing to fail and try something new, then you’re not living in a growth mindset.

So, for all of you, who are looking to make New Year’s resolutions, or to grow your businesses next year, the question I’m asking is this: “Are you operating from a growth mindset? And if so, what risks are you willing to take? And are you willing to live with failure?”

Failure can be good If you learn from it.