Focusing on abundance means you are engaged in activities that raise wealth for everyone you encounter. In this article, we’ll discuss how in business, abundance can lift the lives of yourself, your employees and even your family.

Do you believe that you could be a millionaire? Or do you believe there are already enough millionaires?

Of course we’d all love to be millionaires and if it was attainable we’d all stand in line to collect our millions. But for many of us, this is only hopeless wishing.

What many business owners don’t know about millionaires is that they attracted success to them. Yes, of course, they worked their butts off and put in the extra hours and weekends to make it there, but they did it with the abundance mindset of, “This is something I WILL do.”

Defined as a plentiful and having ample quantities of resources, abundance is a mindset that can affect how you respond to adversity. Focusing abundance means you are engaged in activities that raise wealth for everyone you encounter. In business, abundance can be a creed to lift the lives of your employees, vendors, suppliers, and customers with every interaction.

5 Ways to Establish an Abundance Mindset

“A scarcity mentality is what keeps many of us from achieving our goals. An abundance mindset refers to the paradigm that there is plenty out there for everybody” (, 2020). Supported by Stephen Covey in his best-selling book The 7 Habits of Highly Effective people, abundance must be practiced for it to become a solid foundation. There are five ways to establish an abundance mindset that can affect your entire life.

  • Be mindful of what you have instead of focusing on what you don’t have.
  • Make sure your circle of influence is filled with others that have an abundance mindset.
  • Focus on creating mutually beneficial interactions
  • Be grateful
  • Train yourself to see opportunities instead of obstacles

When you are mindful of what you have and stop focusing on what you don’t have you are more likely to learn and be open to new possibilities. While not every situation may be filled with potential, there is something positive you can take from every interaction.

Benefits of a Abundance Mindset

The people you interact with most are going to influence you greatly. If you include positive and abundant-minded people in your daily lives you can further improve your mindset. When your peers, mentors and advisors are focused on abundance you are more likely to adopt the right habits.

Create engagements that results in win-win outcomes. With a scarcity mindset often someone in the interactions loses or fails to get their desired results. When you focus on creating mutually beneficial relationships and interactions both parties walk away with more than they started with.

If you are grateful, you engage in gratitude you are focused on the positive. “Practicing gratitude is one of the most widely recognized methods for improving one’s overall well-being” (, 2020). Writing down what you are grateful everyday keeps, even the smallest things, keeps you focused on what is possible.

Finally, creating these rituals will help you identify opportunities instead of only finding obstacles. Looking for what is possible means you are open to learn and can add skills like critical thinking that will make you more effective in work and your personal life.

Working with a business coach can help you establish patterns and habits to grow your business abundance.

Choose a business coach with proven processes to teach you how to develop a positive mindset. Book your complimentary coaching session with us today with the link in the comments.