Growth Mindset
We often hear about the importance of growth and having a “new mindset,” but what is a growth mindset, and what does it actually do?
Having a growth mindset has to do with our thinking. For example, someone who views challenges as an opportunity for growth, rather than a setback, is demonstrating this viewpoint.
Romans 12:2 (NIV) says, “Do not conform to the pattern of this world but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is—His good, pleasing and perfect will.”
Individuals who exemplify this skill believe their abilities can be continually developed. Their circumstances, past thinking patterns, talent, or available resources don’t define them. Instead, those things are just at the start line in the race of life.

In contrast, a fixed mindset is a perspective that never changes. It believes that no matter what happens, some aspects will never be developed. Stepping out of your comfort zones, putting in effort and hard work, or attempting to move forward is fruitless.
However, if you’re already an entrepreneur or if you’re thinking about taking the jump to developing entrepreneurial skills—you’re likely off to a great start. You’re already thinking differently than others in your field. Continue to stretch those muscles by embracing failure, seeking opportunities for learning, and accepting feedback from others.
Strategic Thinking
Strategic thinking is a process or pattern of thinking oriented towards achieving attainable goals. Strategy involves careful planning, decision-making, and problem-solving skills. Without strategic thinking, an organization falls by the wayside, and plans started without realizing all the potential outcomes.
Examples of strategic thinking always include a vision. Starting with a strong vision sets the tone for every other piece of the entrepreneurial puzzle. Next, you must evaluate the investment, opportunity, impact, and results of the decision.
Writing out each of these steps in a brainstorming session can be helpful when evaluating new opportunities. While it’s impossible to know exactly how every piece will turn out, or what the impact and results will be, it’s helpful to think through all potential scenarios.