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Scarcity vs. Abundance Paradigms

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Scarcity vs. Abundance Paradigms

 The Offering team is a summation of the labor of two couples.  We lack formal training and education in business.  Our backgrounds range from teaching, counseling, art, youth enrichment, to design.  As we began our journey into the business world, we sought to understand the paradigms of scarcity and abundance.  Our goal is to remain ever mindful of how these paradigms impact us in how we conduct business and interact with other businesses.

 The scarcity paradigm leads to greater costs for creators, businesses, leadership, and partnerships.  The scarcity paradigm includes the following beliefs:

  1. We must compete with others because there is not enough and there will never be enough.
  2. We cannot share knowledge, skills, contacts, and information used in our business with others.
  3. We should remain suspicious of other businesses.
  4. We should be the best.
  5. We must play it safe and avoid risks. We cannot make mistakes.
  6. We cannot share power because we may lose what little power we have.  We must maintain control, even when in comes to management of our own employees.

 The scarcity paradigm sniffles creativity and innovation.  Businesses that maintain this paradigm live in a state of anxiety, fear, and insecurity.  They avoid collaboration and isolate themselves from their communities.  The scarcity paradigm leaves businesses focused on problems and in turn, stuck in a reactionary state. 

 Conversely, the abundance paradigm builds community, trust, and collaboration amongst businesses.  It includes the following beliefs:

  1. Competition makes us better; there is enough for everyone to succeed.
  2. Knowledge, contacts, and our skills can be shared with others. 
  3. We can trust other businesses and our focus is on rapport building.
  4. We don’t have to be the best at everything.  We can find our niche or area of expertise to excel in. 
  5. We learn from our mistakes.  Change is good.  It’s okay to take risks and try to new things.
  6. We are empowered when we empower others.  We hold a space for employees to be creative and expressive.

 One of the best ways to develop the abundance paradigm is to practice gratitude.  Today we want to express our gratitude for some of our neighbors and collaborators from our neighborhood.  We have felt so welcomed and supported by folks in the area since we opened our doors in March.  A special thanks to:

 Jont @jontpro

Honest Olive @honest_olive

Chica Verde @chica_verde_tx

Tillage @tillageplants

Hotel Havana @havanasanantonio

Southwest Elixirs @southwestelixirs

Headquarters @hqmobilesalon

 

And we express gratitude to our sources for writing this blog post:

Allen, Roger K. "Scarcity vs. Abundance: How Your Mindset Impacts Everything in Your Life".  www.rogerkallen.com

Maxwell, John C. (2015).  "Six Tips to Develop and Model an Abundance Mindset". Success Magazine. success.com