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The Harvard Business School points out that a growth mindset helps entrepreneurs enter new fields easier and it develops [[Psychological resilience|resilience]] because "When challenges, setbacks, and failures inevitably arise, your business’s survival depends on your ability to persevere and learn from difficult situations."<ref>[https://online.hbs.edu/blog/post/growth-mindset-vs-fixed-mindset GROWTH MINDSET VS. FIXED MINDSET: WHAT'S THE DIFFERENCE?], Harvard Business School</ref>
 
The Harvard Business School points out that a growth mindset helps entrepreneurs enter new fields easier and it develops [[Psychological resilience|resilience]] because "When challenges, setbacks, and failures inevitably arise, your business’s survival depends on your ability to persevere and learn from difficult situations."<ref>[https://online.hbs.edu/blog/post/growth-mindset-vs-fixed-mindset GROWTH MINDSET VS. FIXED MINDSET: WHAT'S THE DIFFERENCE?], Harvard Business School</ref>
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=== Behaviors and thoughts of those with a growth mindset ===
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=== Behaviors, thoughts and accrued benefits of those with a growth mindset ===
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Those who adopt a growth mindset are more likely to:<ref>[https://www.mindsethealth.com/matter/growth-vs-fixed-mindset Growth Mindset vs Fixed Mindset: How what you think affects what you achieve]</ref>
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Those who adopt a growth mindset are more likely to:<ref>[https://www.mindsethealth.com/matter/growth-vs-fixed-mindset Growth Mindset vs Fixed Mindset: How what you think affects what you achieve]</ref><ref>[https://blog.hubspot.com/the-hustle/growth-vs-fixed-mindset Growth vs. Fixed Mindset: Nine Benefits and How To Develop One]<ref>
    
- Practice lifelong learning
 
- Practice lifelong learning
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- Eagerly embraces challenges
 
- Eagerly embraces challenges
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- Have higher [[self-esteem]] and [[confidence]] and lower rates of [[depression]]
    
- Sees others' success as a source of inspiration rather than something to be [[envy|envious]] about
 
- Sees others' success as a source of inspiration rather than something to be [[envy|envious]] about
    
- Views feedback from others as an opportunity to learn rather than something to be angry about or as something catastrophic
 
- Views feedback from others as an opportunity to learn rather than something to be angry about or as something catastrophic
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- Have a more positive/constructive [[attitude]]
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- Better able to attract people who are achievers or that have different viewpoints that can challenge them. See: [[Social influence]]
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- Have more [[mental toughness]] and [[psychological resilience]]
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- In fields or businesses that are new areas or where formal education is not available, individuals have more acumen.
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- Managers or business owners who have a growth mindset are able to add this to the organizational culture
    
=== Graphical comparisons of a growth mindset vs. a fixed mindset ===
 
=== Graphical comparisons of a growth mindset vs. a fixed mindset ===
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