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Name of author Rick Baker, P.Eng.

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Let’s get rid of Scarcity Mindset

by Rick Baker
On May 4, 2011
Scarcity mindsets sure wreak havoc in our business community!
 
Scarcity thinking invades our business environment. Scarcity thinking attacks abundance thinking. To the extent people embrace scarcity thinking, abundance thinking is beaten…and hungry business people fight for their pieces of the shrinking pie.
 
Often, when people think they cannot have something they want it all the more…the scarcity of it creates the intense need. So, scarcity mindsets can grow and spread very quickly.
 
If people in our community wish to enjoy sustainable businesses then it is time to correct the damage caused by scarcity mindsets.
 
Some questions to consider:
  • How many of your best friends have scarcity mindsets?
  • How do you build trust with people who have scarcity mindsets?
  • How do you build long-term relationships with people who have scarcity mindsets?
If your personal relationships are laced with scarcity mindsets and ‘all is well’ then this Thought Post contains little value for you.
 
If your personal relationships are laced with abundance mindsets then compare your personal relationships and activities with your business relationships and activities.
 
To start this process, think about some specific business actions…as examples, during your workday do you:
  • Drive for hard, win-lose deals?
  • Stretch accounts payable?
  • Cut quality corners when you can get away with it?
If the actions you take while at work had a voice then what would that voice broadcast about your mindset:
  • Would it say you have a mindset of abundance?
  • Would it say you have a mindset of scarcity?

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Abundance

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