7 Healthy Money Habits You Must Develop Today

Elegant business woman with pile of moneyAs a conscious woman entrepreneur, you desire to make a real difference in the world. However, research shows that 46% of start-ups fail due to a poor money relationship. It’s tricky to live your purpose if you don’t know how to bring in sufficient funds consistently.

Fortunately, the good news is that you can make your purposeful business sustainable. Even if you are losing sleep due to financial stress right now, let me assure you, money mindset and skills can be learned. You just need to shift your perspective and develop the following habits.

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Why Your Goal to make $100K Is Crazy

Stacks of money on wooden tableWhat’s your income goal for your biz in 2014?

At what level of income will you officially proclaim to the world that your business is a success?

There’s one goal that I hear from my clients and other solopreneurs when discussing their goals that makes me cringe.  I close my eyes and put both hands over my ears when I hear:

“My goal is to make six figures this year.”

Don’t get me wrong.  I LOVE goals.  Benchmarks.  Targets.  They are incredibly powerful but this one goal, in particular, rubs me the wrong way.  It’s soooo overused.

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Are You Creating Your Own Glass Ceiling?

I originally posted this article over a year ago, but I thought I would pull it back out after an occurence with a fellow woman entrepreneur last week.  One of my colleagues was so excited to get a new client and I was excited for her.  She described how wonderful it was going to be working with this newglassceiling client and how she was truly an ideal client.  It sounded like the perfect match…but then she mentioned that they were trading services.
Trading services is great if you have a hobby, but if you’re in business you actually need to be paid money.  Unfortunately, this type of scenario is very common for a lot of women entrepreneurs.  It seems that women, in general, have a harder time asking for money in exchange for their services.  I can not tell you how many times women business owners have approached me with some time of “trade opportunity.” I just want to put it out there that it is perfectly acceptable to work with each other and pay each other in actual money.

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10 Signs Your Baggage is Hurting Your Business

 A while back, I attended a “sold out” women’s networking event. The room was packed full of energetic women business owners all eager to learn more about attracting clients and growing their business.  During the presentation portion of the meeting, the speaker enthusiastically revealed the “secrets” to creating a successful business:
  1. Focusing your marketing efforts,
  2. Taking action,
  3. Having a positive mindset.

You’re probably thinking, “there’s nothing new here, I’ve heard this before.”  You’re absolutely right. There is nothing new here. There’s no magic bullet to be found.

These are the same things I tell my clients every day. Along with mastering the art of sales, these three simple things are absolutely critical to your success as a business owner, yet mastering these areas doesn’t always come easy for women entrepreneurs.

On the surface, growing a profitable business sounds easy, but it’s actually quite complicated.  It is so complicated because we make it that way.

Over the years, I have found that many women entrepreneurs carry a lot of money “baggage” that keeps them from having the businesses that they love and earning the income they desire (and deserve).  In essence, they have a dysfunctional relationship with money.

Unfortunately, no matter how much you market, get into action, and try to think positively, if you have a poor relationship with money, it will negatively impact your business.

Here are 10 signs that your money baggage is hurting your business:

  1. You hate hearing the question, “So, how much do you charge?” If you get butterflies every time you state your fees, your clients can sense your uneasiness and are more likely to feel uncomfortable with the price.

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