Getting stuck believing “there isn’t enough” has a high price tag, causing us to behave in ways that hinder our own success. This mentality triggers a stress response in our brains, preventing us from accessing our best selves. Stress responses can cause us to ruminate, become blind to alternative possibilities and lose perspective. We begin to strive, seeking external approval for validation. We begin to distrust one another and take actions with the intent to prove our worth rather than acting for the good of the team, business, or organization.
Having a scarcity mindset decreases our ability to problem solve, maintain perspective, think strategically, and remember information. Our ability to think logically decreases along with our ability to focus on the task at hand. A scarcity mindset can impact IQ, reducing it by almost 14 points (Brennan, 2021).
Overcoming a scarcity mindset starts with us noticing we are in a scarcity mindset. Recognizing we are functioning from a place of fear. Taking a few deep breaths sends a calming message to our brain and body. Next, focusing on what we have that we are thankful for. And then remembering our values.
It sounds simple, and it is. The challenging part will be to take action to shift our thinking when in the throes of a scarcity mindset. Chances are resistance will show up, rationalizing why it is so important we are behaving in such a counterproductive manner. Just notice the responses that show up and then start this three-step practice: breathe, be grateful and remember the values essential to us thriving.