How does the word ‘business’ make you feel? On the recent Wild Wealth Programme one thing that emerged was something I’ve seen over many years in this profession. It’s the effect this word has on many solo professionals.
When I had our complementary health clinic, there were few practitioners who considered themselves as anything other than ‘having a private practice’. Some even described what they did as ‘just seeing a few clients’.
When you don’t think you are running a business, then it’s very likely you don’t conduct your financial affairs in a business like manner. This then means that it’s likely you won’t have a separate bank account for your business, that you trade your time for money, that you maybe don’t even pay yourself. These are not great things if you are wanting to build a sustainable business!
So today I’m asking you one of the questions from the Wild Wealth programme.
When you consider the statement ‘I am a successful business person’, how do you feel, what kinds of thoughts go through your mind?
How you respond to this statement will tell you something both about your idea of business and your idea of success. Post your response by clicking on the number at the top right hand of the post, I’d love to hear from you!
And while we’re about it, here’s a few more illuminating questions:
- Do you do all you can to limit the amount of money you bring in so you don’t have to pay any tax?
- When do you pay yourself – after all the other bills, or are you top of your list of priorities?
- Do you consider your only source of income to be that from your business?
All of these questions will tell you about how you view not only your business, but your wealth creating capacity.
The more successful practitioners in our clinic almost invariably did consider they were running a business, and often had the back up to help them do that, whether that be part-time administrative help, book-keeping, coaching or other advisers. And part-time could be literally a couple of hours a week, or sometimes even less. But the great thing was, they had a business mindset.
So do you have a business mindset? Or are you really in a J.O.B. (Just Over Broke). Because if you’re in the second category, you’ll never be able to really reap the benefits of owning and running a real business, such as most of what you do being tax deductible; knowing exactly what the numbers in your business are saying, to help you make decisions; or making a profit and being able to do what you like with that.
One of the first things you can do to take you further with developing your business is to pay attention to your money – start to love it, that’s what paying attention is about! You can do this by using the Radical Income Welcome Toolkit, which if you have already bought, I wonder are you actually using?
The Toolkit enables you to start to think about your money in a radically different way, a way that lets you love it for what it is, as well as what it can do for you. You’ll be able to identify your Money Comfort Level, and also be putting into practice a very simple but really effective method of welcoming in more income. All of which is essential of course to a growing business!
If you haven’t already bought it, I invite you to do so now – here’s the link. It’s incredibly good value, check it out now and see what I mean!