Many women who start their own business relish the freedom and responsibility their business can give them. However the realities are, most aren’t making much more than a full time wage … and sometimes if that!
So it got me thinking – why is it that when we go out on our own we struggle to earn the money we really deserve? Why is it that we will put in more hours in our own business than we ever did as an employee, yet still not reap the financial rewards?
We are often our own worst enemy when it comes to finances in our businesses.
And the simple answer is – ourselves. We are often our own worst enemy when it comes to finances in our businesses. We are often plagued with self doubt, guilt at paying ourselves, a lack of abundance mentality along with a host of other mindset barriers to really stepping into our earning potential.
So how to break this money mindset trap?
- Firstly, you need to get clear on how much you want to earn. Write it down. On a big piece of paper and stick it to your office wall. The bigger the better.
- Next you need to write down all the reasons you would like to earn this figure. This is the crucial part – if you don’t really move into the energy of earning this level of income, chances are you simply won’t get there. But if you work out all the reasons why you want to achieve this income plus all the goals that it would assist in achieving then you have a real chance of making that figure. The realities are you need to look at how many hours you have in a day, how many clients you can service and work out how you can leverage your time.
- Thirdly you need to look at your business model to see if earning that figure is actually viable – especially so if you are a service-based business where you do most of the workload. Many of us work one on one with clients, and I have often found that even when some women outsource and hire assistance, they are often too scared to hand a client over in case of ‘losing them’.
Again, lack mentality is at play! The realities are you need to look at how many hours you have in a day, how many clients you can service and work out how you can leverage your time.
Again, if your business is product based, how can you go from selling single widgets to multiple?
Lastly, if you are really serious about earning the big bucks you need to know that you deserve it and that deserving financial rewards has nothing to do with hard work. In fact, when you are in your ‘sweet spot’ things move from being ‘hard’ to flowing.
And that is often that hardest part of all! Our minds can be our greatest assest OR our greatest downfall.
If you master your mindset, you can master your business.
And it all starts with getting in the right mindset EVERY DAY.
One of key things I did to change your mindset over creating wealth (and then creating it abundantly to a multiple 6-figure business) was my DAILY RITUALS.
The common thing all successful entrepreneurs have is a strict DAILY RITUAL.
And you are in luck!
Because I am now sharing with you the EXACT Daily Rituals I use that took me from a poor-mentality to a 6-figure+ mindset.
See if you can implement some of these strategies in your business and get your finances flowing in the right direction!
CEO & Editor, Genine Howard
Genine Howard is a best known as a business coach, magazine editor and publisher who has created, bought and sold numerous high end magazine titles and turned over more than half a million dollars a year in revenues.
With a swag of accolades, Genine is also an author, public speaker, had a radio show and television appearances.
She is now dedicated to helping other female entrepreneurs live their most extraordinary lives teaching them confidence, branding and mindset so they can build beautiful businesses which in turn, give them a luxe, passionate, on-purpose life.