A couple of weeks ago, I asked my Facebook community, “What’s one thing you WISHED more women in business talked openly about?”
An overwhelming response was, “Money.”
That it’s okay to WANT to make more money. That it’s okay to charge for your services. That’s it’s okay to invest in getting support to help you lead the business you desire.
Money can be a taboo topic, but as entrepreneurs, it’s super important to know your numbers and the financial health of your business. I believe the more we talk about money (ex. mindset, tips, and best practices) the more comfortable we can be about developing healthy habits in our lives and businesses.
So this week, we’ll engage in a conversation around money as I share with you my favorite money mindset mantras to empower you to earn, invest, save, and give your money in a way that you feel comfortable with.
1. Earning Money Mantra: The greatest service I provide my clients is in a paid capacity.
As entrepreneurs, we have the power to set our own rates and prices and earn as much or as little as we would like.
When I first started out in this coaching business, I actually felt guilty for charging people to hire me. “I’m so passionate about this, I’d do it for free!” “This comes so easily to me, and I have to work HARD to earn money!” These were some personal money stories that held me back from my earning potential in my business — as if work, enjoyment, and true service had to be mutually exclusive.
That’s when I realized that money is just an exchange — I provide an excellent service to serve my clients and in exchange they pay me for my guidance towards their desired result. This allows me to be okay with earning money because it’s a vehicle to support my clients with my expertise and my family with additional income.
Let me know below, does this mantra resonate with you? What’s your take on earning money?
2. Investing Money Mantra: The risk now is worth the return later.
You know the phrase, “You have to spend money to make money”? This is true when you’re running a business because often times, we have to invest in education, equipment, and team members in order to keep things operating and help us get to the next season of business.
Now I’m not an advocate for reckless spending, but I am a proponent of making wise choices to receive the support, structure, and systems you need so you can build a sustainable business EVEN IF it feels scary or outside of your comfort zone.
Sometimes what holds us back is waiting until we have things perfectly BEFORE we get help or delay investing in education until we have clients when the whole point of education, equipment, and team members are to help you make more money to work with more clients. As long as you stay consistent and set things up properly, you will see a return on your investment.
So whenever I *know* the next right step is to invest in the right coach/program, online tools, and team member, I remind myself: “The risk now is worth the return later.”
How about you? Does it feel scary or exciting for you to invest in what your business needs?
3. Saving Money Mantra: The more savings I have, the more choices I have.
Your business profits are like your business savings accounts so they more money you have put away the more resources you have in case of emergency and the more options you have for your future growth.
Setting aside money for taxes, paying myself, and profits are money habits I’m cultivating so every dollar has a purpose. The more savings I set aside, the more empowered I can be about the choices I make.
4. Giving Money Mantra: Giving back my money blesses others AND keeps me grounded.
A common fear in business is the fear of success, or feeling like loads of money will change you and your character. I believe the best way to kick this fear in the face is to be generous and give back a percentage of your business money at ALL income levels.
The mantra, “Giving back my money blesses others AND keeps me grounded” motivates me to earn more money so I can give more away and ultimately see money as a tool and not an idol.
Money is a magnifier so what you do with little you can do with a lot so building a generosity habit helps you to be and stay heart-centered with your business.
Money, money, money. It’s an important facet of our businesses and as we evaluate how we think about it, how we interact with it, and how we feel about it, we can be more empowered to build habits to help us earn, invest, save, and give in our businesses.
If you’d like to dive deeper into making more money in the business you desire, then I encourage you to book a discovery call to see if working together would be the next right step.