Income is essential when running a business. We all know that that your business strategy needs to centered around your profits exceeding your expenses… otherwise, it’s not going to happen. However, even though we know how essential it is, the topic of money along holds a lot of emotion. And most of the time? These emotions get in the way when you are trying to build a life you love. Negative emotions around money are rooted in deeper feelings, such as insecurity, guilt, unworthiness, and the fear of coming off as “greedy”. These core beliefs block you not only from the kind of money you want to make, but what you deserve to make.
When you run a business, especially as a female entrepreneur, it’s easy to fall into the trap of feeling guilty for charging. This is even more true when you deeply care about helping people.
You feel you have so much to give that you forget that it’s also important to receive.
In order for there to be a balance with work and home, there also has to be a flow of give and receive. Yet so many people can’t seem to find that balance and instead of running an abundant lifestyle, they constantly feel like they’re struggling to keep their head above water.
So let’s flip that narrative, shall we? Are you ready to shift your money mindset into abundant thinking?
I’m not going to sugar coat anything here - the simple truth is that your financial situation is a direct result of your own thoughts and actions. We can’t blame other people or other things for our financial situation. While we can’t always control our circumstances, we can choose how we respond to them.
Wealthy people actively create money and wealth that they desire, regardless of the economy, politics, events, or personal situations. You need money to support the people and the causes that you care about.
I have a little secret to let you in on -- itt is not about the money. It is about the feeling you have when you have enough money… an abundance of money.
I’ll say it louder for the people in the back: the root of the root of the root of why you feel you can’t bring income is the feeling(s) you have about money. This requires a critical change in thinking around money. I know this to be true from professional experience (10+ years in business coaching) and personal experience: years of trial and error, years of my own money story and how debt controlled my life.
Here's the truth I learned that shifted everything. Money has no moral value. Money is neutral. It is simply an exchange of something of value for something of value. Money is actually just energy.
When you can tackle this piece, you can actively create life filled with abundance - sounds good right?
However even though this sounds all good, limiting beliefs and negative emotions around money don’t go away overnight. Yet anything you practice becomes the new way to be.
Have you ever heard the phrase ‘fake it till you make it?’ That’s exactly what we’re going to do -- live in the space where we believe and know we deserve and will someday be.
This includes regularly practicing mantras like “I am so grateful and thankful for the opportunity that money has created” and recognizing and refusing to engage in ugly untruthful thoughts and fears that leave you feeling deflated.
Such as, “I’m not enough. I’m not smart enough. I’m not good enough…” or “I am too stupid with money, I always make bad decisions.” It’s a practice to actively stomp them out.
(Note: When this happens to me, I really do visualize myself kicking the thoughts with my cowgirl boots) When I do this, I am taking away the power of the negative thoughts and replacing them with gratitude and thankfulness. This is the first step to abundance: actively and consciously rewriting your money story - replacing the negative with the positive, the bad with the good.
Now I want you to stick with me here as we go even deeper. Most of our money mindset is carried over from childhood, and even generations before us. It’s been hardwired into our system, that most of the time, we don’t even realize the soundtrack that plays unconsciously in our minds. This soundtrack can sound like “this is just how it is for me - for my family.” or “only arrogant people/cheaters make money” When these soundtracks play on repeat, and we don’t recognize them, it traps us in a mental rut, keeping us from shifting out to financial freedom. For example: If you don’t believe you’ll ever get out from under your debt, you probably won’t.
However, the opposite is also true. If you DO believe you have the strength, power, and wit to figure it out, you absolutely will. Say your mantra. You are in control.
6 steps to getting more financial control and more abundance right now….
Become aware of your financial situation – take time to closely review what’s going on: bills, savings, debt, etc. Look at what’s going right and what’s not going so right! (Also practice being a "curious observer, not a judgmental B with yourself)
Create new money goals that you can connect and align with. Try to make them as meaningful as possible to you and the things that matter to you.
Take time to brainstorm new ways to open up the gates to receiving more abundance – what could you do that would allow more money to flow to you?
Create a money plan, savings, givings, income, and debts.
Make a budget so you can stay on top of your finances.
Practice the abundance mindset by replacing limiting beliefs with abundant thinking.
Here are some examples of affirmations to receive money and allow it to flow into your life and your business:
I am creating money in my life.
I love the energy of money.
I am successful in all that I do. I am so grateful for all the freedom that money has brought me, and will bring me.
I am so happy to be alive.
No matter how much money I make, I am making positive choices about what I do with it.
More and more, I am learning more about money, smart planning, and investing.
Being in debt is not a judgement on my character. Debt does not make me a bad person. As easily as I got into debt, I can easily get out.
It is not selfish to take care of myself and family financially.
Bringing in more income to my business ultimately makes my relationship with others richer and more satisfying.
The more money I make, the more money I can give.
People enjoy paying me to do what I enjoy most.
I always have more money than I need.
And how good does that feel? How much would it change your business and your life if you created your business strategy around this framework, rather than one of shame, guilt, and hopelessness?