Overcoming a Scarcity Mindset

Growing up, I remember my parents working ridiculously hard and money was tight.  I believed life was a struggle, money was scarce, and I always had to compromise on what I bought, often going for the cheaper option instead of what I really wanted.  I’d developed a scarcity mindset and I was completely risk adverse.  This kept me totally stuck and stopped me from achieving my potential for years.

overcoming a scarcity mindset

A scarcity mindset is when you focus on what you don’t have, rather than what you do.  What do you believe there’s not enough of in your life and business?  This will show up when you miss opportunities, feel defeated and believe you can’t be successful.

Scarcity creates a lot of anxiety and stress and can creep into all areas of your life, health and work.  If you’re doing well and have a scarcity mindset, you’ll feel it’s never enough.  You can’t win!

Operating from a place of scarcity leaves you feeling fragile.  Every new client has the potential to make or break your business.  Every decision to spend matters.  It’s the sure way to always feel like you’re struggling and never flourishing.

For this article, I’m talking about scarcity and building a thriving practice.  You will witness different types of scarcity with your clients and how destroys health and wellbeing if left unchallenged.

What stories are you telling yourself?

You’ll have a number of different stories you tell yourself that reinforce your beliefs around scarcity.  Some of the common ones below include a suggested new belief to replace them with.

Do whatever works for you to reinforce new useful abundant beliefs. I do morning affirmations and display the statements on sticky notes around my office but you may prefer to use EFT or work with a practitioner from your chosen discipline.

There’s too much competition

If you hear yourself saying this, you’re already assuming there isn’t enough work, clients or money available.  Read my article on this topic here.

New abundant belief: there’s more than enough to go around.

There isn’t enough money

This can be used as an excuse to avoid taking any risks and keeping stuck.  If you need funding for your practice, start by writing a business plan and researching your options.  There are often ways of getting support, but you have to go and find it.

New abundant belief: my needs are being met.

Comparing yourself to others

This trap is a great way of keeping yourself playing small.  Comparing yourself to what you think others are doing is fatal for your business, check out my article on this topic here.

New abundant belief: I’m following my own path.

Fear of rejection

Rejection is never nice but often the fear of it is far worse than the event.  Become aware of what you are saying to yourself about this and if you are dealing with rejection, read my article on how to do this in the most useful way here.

New abundant belief: I am enough.

Change your focus

In general, the world we live in is prosperous and nature has some amazing examples of abundance.  Successful companies have been created to fulfil our want for luxury items rather than our basic survival needs.  People are willing to spend money on the things they want that add quality to their lives.

You need to get out of your scarcity mindset to see the opportunities available.  Only then will you really see the potential to provide your services and products to clients.

The more you can adopt an abundant mindset, the more your habits and behaviours will positively attract those things.  Spend time appreciating and being grateful for what you have, and your awareness will grow.

Be curious about how it would feel to have a thriving practice.  What you would do and how you would live your life?  Allow yourself to dream and create a vision for your practice, read all about creating your vision here.

If you struggle with a scarcity mindset, contact me for a chat to find out how I can help you.

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