A lot of so-called gurus and experts will tell you that you need to have an abundant mindset if you want to succeed in business and life.
However, I’ve found that can actually get you in trouble.
A fair portion of human beings are what’s called ‘moving-away motivated’. The rest of us are, you guessed it – ‘moving-towards’ motivated.
Or as I put it - carrot and stick people.
Stick people are driven away from pain. Metaphorically, they’re running from the stick that’s going to whack them.
Carrot people love to chase that dangling carrot.
Their motivation is focused more on gain, rather than loss.
The majority of business owners I meet are stick people. They’re motivated primarily by moving away from pain.
They’ll do more to keep a million dollars than to make a million dollars.
The problem is... for many ‘stick’ people (those motivated by moving away from pain), having an abundant mindset can lead to complacency when things are ‘good enough’.
Without that hungry edge... it’s easy to become a bit too relaxed with where your time and money goes.
And that can mean the kiss of death for your business...
Because when the sharp pain of the stick becomes dull, we stop pushing ourselves to strive a bit further to a bigger goal.
Having a poverty mindset allows you and your team to always be on the edge of hustle. It keeps you keenly aware of making sure you’re investing your time and resources as wisely as possible.
So think of ways you can create a sense of ‘lack’ in your business.
You might reinvest all your profits straight away so there’s never much cash to play with.
You might trial a 4 day work week where your team is forced to become more productive to get things done.
You might have a visible board in your office that lists your BHAGs (your Big Hairy Audacious Goals) to keep you pushing forward.
You might publicly commit to a massive project that is a bit out of your comfort zone.
Whether you’re a carrot or stick person, it’s crucial that you understand where your motivation comes from... and where its limits are.
Keep your eyes on a big juicy carrot.