How Your Mindset Dictates Your Level of Business Wealth

Mindset. You have probably heard before “mind over matter”…

…and I am here to tell you it’s true…

…well at least when it comes to creating wealth through your business.

Therefore, what you think about business wealth then transfers into how you feel about business wealth which then transfers into the actions you take to create business wealth.

Bear with me on this.

Let me give you an example, for instance, – do you feel like you have a secure and financially abundant business that can create any level of wealth you desire? Or do you worry about having enough to make ends meet?

Most women entrepreneurs I work with, in the beginning of our coaching, feel the latter. They are freaked out that they will never have the wealth or time freedom they desire….and based on law of attraction…so it is.

Our mindset about money can be a source of stress, fear, worry, and limitation. Or…

…it can be a beautiful tools to design the life we desire, buy the time freedom we want (in the form of cleaning people, food delivery service, landscapers, etc) and to live generously and impact our community in ways that lights us up.

It really does dictate your level of wealth.

How you think about money determines the role it plays in your business creation.

Moreover, a lot of people get hyper focused on changing the numbers in their bank account instead of changing their mindset and you may be feeling this way too. (feel free to insert an eye roll here – I’ll wait)

Let’s talk about the ways that your mindset dictates your level of business wealth.

Doing business with a scarcity mindset

Firstly, believing that you live in abundance and it is all around you creates different business decisions than believe that you are in a world of fierce competition for a scarce number of clients.

Let me give you an example of scarcity business mindset: always scrambling trying to figure out the next sale, the next offer, signing up for every free training you can get your hands on to build your business. It is always rush, rush, and rush with very little to no return.

Secondly, every offer that comes your way you sign up and cross your fingers that maybe this one will work, all the while telling yourself that it won’t and it will probably be another flop.

Thirdly, you are advertising and marketing to everyone and everything – everywhere you can. If you slow down enough, you can feel the fear and desperation in your body. The lack, the scarcity is sitting right there in your gut and chest. It is permeating everything.

You may also be telling yourself things like this:

• I’m not good at business
• Someone else needs to take care of this for me
• Wealthy business owners are greedy and use people
• I am not ____(smart/talented/charismatic) enough to have a successful business.
• I could offer that (insert next offer that could make some money)
• Maybe I need to take another service training and offer that
• We are not making any money because I don’t have the expensive automation platform, app, tool, etc
• I have to keep my prices low or no one will buy

Don’t worry if you’re operating your business with a scarcity mindset, you’re NOT stuck there. There is a way to flip this around.

Here are a few ways to change your money mindset from pain to “make it rain”.

1. Start a gratitude journal.

This can be super simple. Grab a notebook and write down 3 things that you are grateful for today. It can be anything big or small. Some examples from mine are: I am so happy and grateful for my customer care team. Happy and grateful for my clients. Mailchimp automation is making my newsletter deliveries easy and I love it. It’s amazing that my business is assisting me with designing the life I desire. My wealthy business enables me to hire people to both help me and create an income for them in ways that lights me up.

You get the idea. After a week you will start to notice that more and more starts showing up for you to be grateful for in your business.

If I have something that is really sticking me in my business, I make that my gratitude focus for a few days, up to a few weeks depending on what is happening.

2. Create yourself a “MMM”. What I mean by this is a “Money Mindset Mantra”. This simple phrase you can put on repeat in your mind to transform your thoughts about money.

I use mantras all the time. It is amazing what occurs when I do and man oh man do I notice when I stop using them.

Pro Tip: Another way I use mantras is when I part with money, whether it is paying a bill, making a donation or spending money on myself, I say in my head “I am sending this money out as a tithing that multiplies and multiplies, serving my highest best good and everyone else’s. It comes back to me multiplied. There’s always more money where that came from.”

3. Create a Business 10% Account. This is where you put 10% of everything you make into a separate savings account BEFORE paying bills.

This is different than your regular business savings. It’s a fund that is your business magnet. When you hit a certain point of savings, you will automatically feel wealthy – why? Because you have all this money in the bank. Your business decisions stop being about money and start being about what will work best for your business and those you serve.

4. Learn the language of money. What I am referring to is developing your basic financial knowledge about business finance. There are many paid and free trainings out there that explains how it all works. You can choose to read books, take seminars, listen to podcasts, videos, you  name it.

It sets you up for success no matter how much you’re bringing in or how much you’re spending.

In conclusion….

The power is yours to change your beliefs about money so that every action in your business comes from a place of abundance.

See you in the next blog!

Xo,

Tracy 

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