Growth Mindset

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Growth Mindset

What is Growth Mindset ?

 People with a growth mindset believe that a person’s true potential


is unknown (and unknowable); that it’s impossible to foresee what
can be accomplished with years of passion, toil, and training.
 For people with a fixed mindset every situation calls for a
confirmation of their intelligence, personality, or character.
Growth and Fixed

Growth Mindset Fixed Mindset


 Intelligence can be Developed  Intelligence Is Fixed
 Skills come From Practice  Skills are inherent and Cannot
 Failure is Feedback in the Be Learned
Learning Process  Failure is Devastating and
 Flaws Are places to improve Even Debilitating
 Flaws are Embracing
6 steps to adopting a growth mindset

Focus on Learning
 Seek out the best sources of information from within and outside the
profession and focus on learning from the best. Read books,
industry publications and quality blogs.
 Listen to podcasts and attend conferences.
 There is a lot of information out there, so work on developing the
skill of identifying the best and avoiding the rest.
Choose the right role models
 Take inspiration from thought leaders and innovators in the
profession.
 Follow them on social media and attend the same events.
 Try to model their way of thinking and adapt their mindset in a way
that fits you.
Challenge your current beliefs
 One of the most critical steps in changing your mindset is
acknowledging that you have a fixed mindset – at least in some areas.
 Look at your current belief system and identify where you have self-
limiting beliefs.
 Acknowledging this isn’t shameful – it’s human. Shine a light on the
roadblocks you’re putting up for yourself and work on turning them
around.
Set a vision and define goals
 Creating a vision and setting goals can help provide the motivation
you need to move from a fixed mindset to a growth mindset.
 What do you want to achieve in the next year? Five years? Ten
years? Get a clear picture of where you want to be and then break
your vision down into goals that will help you reach it.
See failures as opportunities
 People with a growth mindset know that failure is a necessary stop
on the road to success.
 When faced with failure, they see it as an opportunity to change
tactics or apply extra effort to improve results.
Be authentic
 A growth mindset demands authenticity in how you think and act.
Know who you are and what you’re all about.
 You don’t have to put on a perfect front to others.
 Don’t be afraid to be yourself and let your values be known to
others.
 When you are open and honest in your interactions with others,
people know where they stand with you and trust you.
Conclusion
 To innovate and think differently, accountants need to adjust their
mindsets.
 But realize that a growth mindset isn’t the only ingredient for success –
it’s just the first step.
 You also need to do the work of transforming yourself and your firm to
become future-ready.
 Having a growth mindset doesn’t guarantee success – it just opens the
door to getting there.
 It’s a process that involves mindset, goals and action that leads to results.
“ Any one who has never
made a mistake has never
tried anything new. ”
-Albert Einstein

Thank you

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