Letting Go of a Scarcity Mindset

Scarcity mindset is the frame of mind that there isn’t enough out there for you. For your Fitness or coaching business for example, this can look like ” I am not making enough money to survive. There are too many people in the industry.” This is a great example of scarcity mindset and limiting beliefs. One of the add-ons to scarcity mindset is getting jealous of those coaches that are successful and doing better than you. Or even getting jealous of coaches you know because they are getting clients.

Identifying Scarcity Mindset

This mindset is easy to identify in others, but hard when we are doing it ourself. In order to identify scarcity mindset, you have to slow down and evaluate your head space. It helps if you want to get better.

Try this:

  1. Keep a pen and paper or your memos sheet with a recognizable label near by
  2. Each time you catch yourself getting into a jealous state or a state of you not getting clients/classes put a tally down. If you have time, add what the thought was.
  3. Do this for 3 days straight and see what pops up (even a day shows a lot)

The above activity is a great way to become more mindful of your thoughts. Being Mindful of this mindset is the first step in getting into an abundance/growth mindset.

Shifting Into an Abundance Mindset

If I am being honest here, I use to be in a scarcity mindset quite frequently when it came to my coaching practice. Part of it was because I was burnt out, but another aspect was me not knowing the systems to actually make money off my passion.

Abundance mindset isn’t all about money and neither is scarcity mindset. Scarcity is thinking there isn’t enough out there for you. Abundance is knowing that you will get where you want to be. There is trust in the process because you are confident in yourself and abilities.

Abundance Affirmations

  • ” Money flows to me and from me with ease”
  • “I am abundant and radiate abundance wherever I go”
  • “I trust that everything is happening the way it is suppose to be”
  • “I am confident that I will reach my goals when the time is right”

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The thing with affirmations is that it helps to believe it. But, if you do write them down or say them out loud daily, then the byproduct could lead you into believing it. The feeling is what we are after and that is when true manifestation of abundance comes.

You are programming your subconscious mind into doing daily actions that will help you get to your goals.

Shifting your frame of mind

With that exercise earlier, look at the statements you wrote down. What did they sound like? and is there a way to reword it for your benefit?

Once you realize the states of mind lets go over examples on how to switch your statements around.

“I am not making any money”

“I don’t have enough clients”

” Money will find it’s way to me. I can find ways to create money to flow into my life”

“Currently, my ideal client hasn’t found be yet, but they will come”

Did you see the pattern? The formula is stating what you want to happen while flicking in specs of your current reality. The other component is adding a way that can help you or having confidence in the situation.

Invest in a Mentor or Coach

Coaches need coaches too. I invested in a coach to increase my business. It helped and I found an aligned business partner out of it. A mentor teaches and educates you, and a coach partners with you by asking reflective questions.

In my experience, the combo of the two helps. A mentor will more likely be able to help you increase your profits in your coaching practice, and a coach is more likely to help with your belief systems (mindset and life).

Either investment is worth it depending on your needs.

Get the Best of Both

My business partner Timi is a marketing Mentor and I am a Life Coach for Coaches. We combined our skills to create a 12 week coaching program to Scale Your Business without the Burnout. I focus on Mindshift and mindfulness shifts, and Timi focuses on the increasing your business finances (getting clients or creating ways to increase your time values).

Summary

Getting out of Scarcity Mindset will help your business grow overall. This is because you are able to decrease your stress, increase your confidence, and take actions showing your more abundant side. You may have to get of your self limiting beliefs to do this. Affirmations and mindfulness activities are a great way to start. If you want to accelerate your progress, then investing in a coach or mentor will help you even more.

Peter is a Life Coach for Fitness Professionals and Coaches. He has been Personal Training, Teaching Yoga, and Coaching for a Combination of 5 years now. He has seen many coaches burnout and wanted to change that. Check more about Peter here.
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