What are the reasons entrepreneurs should adopt a growth mindset? Entrepreneurs who were unwilling to take risks and invest in risky projects may have started out being cautious. Despite this, these businesses can succeed if given the proper guidance and attitude. This is possible through the use of a growth mindset, a skill that every entrepreneur must develop. A growth mindset is best understood if you know what it looks like. It is the approach to business that believes that you and other people will succeed together. An optimistic mindset encourages you to overcome obstacles and see setbacks as opportunities. Well, this was something that catches my interest. So to understand what a growth mindset is, I got the opportunity to have a conversation with one of the top entrepreneurs in Punjab- Mr. Anek Bedi (Prabnek Singh). So let’s see what I got to learn from his experience:
About Anek Bedi
Anek Bedi is an encaustic entrepreneur running an Indian-based IT company named Virtual Oplossing. His company is one of the leading companies in Punjab. What inspires me a lot is his dedication to work that took him towards height at such a young age. I think he'd inspire younger generations today. While talking to him, I got to know a lot about him, his interests, his experiences, and his growth mindset. His approach to life is absolutely inspirational. That's why I thought it will be worth sharing with all of you. Anek Bedi’s positive attributes include:
Anek Bedi’s Growth Mindset
The following points show what Anek Bedi’s mindset about growth is. The points written below reflect what he says about growth:
● Analyze your failures
Entrepreneurs should be able to look at failure objectively and learn from it. Not all that goes wrong in business is a failure. As a result, it could encourage future entrepreneurs to learn from their mistakes. I see failure in two ways. In the first case, you fail in something you’ve previously been successful at. Secondly, you fail at something you previously thought was impossible. It is important to develop it so that you can overcome setbacks and move forward when you fall into the second category.
● Adaptability is a virtue
However, preparation for difficult times and failures is important. People tend to forget that they have to be patient in difficult situations. It is especially true in the business world, where many companies try to avoid the problems caused by actually talking to people. Therefore, if you want to be successful in business, you have to use negotiation skills to resolve conflicts.
● Prepare for risk
As per Anek Bedi mindset, risks are inherent to entrepreneurship. An entrepreneurial spirit and a willingness to take calculated risks are essential for growing your business successfully. Also, those who lack a growth mindset generally avoid calculated risks because they fear failing. In contrast, growth-minded entrepreneurs know that risks are inevitable in business, but they also know how to handle them. Therefore, a business will eventually fail without a growth mentality.
● Reach Out to Customers
Moreover, you must be able to reach out to other people and make them part of your business. Understanding your customers is crucial to marketing to them. Conversely, people who fail to grow their business are ignorant of potential customers. People fail to realize that marketing can increase profitability by focusing on the right audience. In order to appreciate the product or service, you need a growth attitude, not a fixed mindset. Creating new products and services is essential to achieving growth in your business.
Wrapping Up
Therefore, this is what Anek Bedi’s philosophy about growth is. I am sure his ideas and growth perspective will surely inspire you to be adaptable in your life. So this is how a young entrepreneur, Anek Bedi writes a new chapter with his growth Mindset. This perspective took his company Virtual Oplossing towards success. So if you are a beginner, you must consider Anek Bedi’s perspective to be successful.
