Be a Prosperity Thinker
I now command you to be a prosperity thinker! Bam!
Heya! You need to believe that you have the ability to create and manifest the financial life that you want for yourself.
If you don’t believe that you have the ability to do this, then you are not going to be motivated and take the necessary action steps to take make more money.
Prosperity thinking is about what’s possible. It’s about you believing that you will create the best financial life for yourself.
Poverty thinking is about having a lack mentality. It’s thinking about what wont work out. It’s looking at the glass half empty, rather than half full. Boooo!
The key is to stay in prosperity thinking mode. That means you need to hang out with growth friends. People that are growing both personally and professionally.
No more hanging out with downers – people who are negative. I’m giving you full authority to stop hanging with people who are always complaining and bringing you down.
Getcha Ya-Self a Killer Business Model
What do you do in your business to make money? And how do you do it? Is it easy to do? Or is it really hard for you to make money?
All of these questions have to do with your business model. It’s just how you make money in business.
It is so important to really understand how you make money in business. What are the core services you are offering? Or the core products you are selling?
This is the focus of your business. Everything you do to grow your business needs to be centered on your answers to these.
One of the most important keys to a successful business model is if it is scalable.
Scalable means how easy it is for you to grow your sales – without significantly increasing the costs to do it.
Here are 2 examples:
If you’re a product based business owner:
Let’s say you sell pens. Your existing machine can only make up to 50 pens in one day. But what if you could buy a machine for $100 that lets you make 500 pens a day? That machine allows you to scale – to sell way more pens for not that much more in costs.
Now we’re talkin’!
If you’re a service based business owner:
Imagine you are a nutritionist. You primarily work one on one with clients. You rent out a conference room for meetings. The room costs $50 an hour.
What if you worked with 4 clients at the same time? Without having to rent the conference room for any additional time? You would get some leverage. You would be working with more people at once.
Plus, this is scalable. You could add 8 more people into the conference room without it costing you any more money.
Think of one thing you could do to make your business more scalable.
Write that down. This is big. Stay tuned.
The Relationship Between You and Your Business.
You are not your business. And your business is not you. You both need different things from one another.
Am I getting mushy or what?
You need to feel fulfilled. You want to feel like you are making an impact out there. And building a life for yourself.
Maybe you got into business for a better work life balance. Maybe you were so good at something – that you decided to do it and make money at it.
It was probably what my coach Dan Sullivan call’s your unique ability. Something that you could do all day long. Something that you have a passion for. Where you don’t even feel like you are working.
So those are your needs.
Now its time to talk about your business’s needs!
Your business doesn’t need you to wear all of the hats. Your business needs things that you might not necessarily be involved in.
Here are a few examples: your business needs systems. You don’t need them. Your business does. Your business needs a marketing plan based on your cash flow.
Your business needs a diversified stream of revenue so that it can make a profit. You might need to take a salary or a draw from the business. But the business needs to make a profit.
I could go on and on. Remember, this aint no job. Or a hobby. It’s a freakin’ business. That has needs.
What is one thing that your business needs right now? Write that down. Now we got you setting the intention.
Knowledge is power. What you track grows.
It’s so important to track the numbers in your business. The numbers will ultimately give you clarity.
- How much money you are making.
- How much money you are keeping.
- And where the cash is going?
It becomes SO much easier to make decisions on how best to move your business forward.
You can get a solid picture of:
- Where your ideal clients are
- What they are happy to pay you for
- And create a strategy on how to really show up and serve those people in a way that gives you the biggest impact on the most people — and benefits your business as well.
But for so many business owners, the tracking is a major pain.
Did your energy just go down?
I don’t want it to be that way for you.
I want you to outsource the money tracking to a bookkeeper or an accountant so you can focus on your important work.
Remember that unique ability stuff?
I want YOU doing more of the work you’re meant to be doing and sharing your gifts with the world.
You don’t have to be the one who tracks the numbers. Your bookkeeper or accountant could do the tracking for you.
Some common numbers to track are
- Gross profits
- Net profits
- And cash.
Remember – tell someone to track the numbers for you.
Once you got the tracking down, you could make smarter decisions about where to invest in your business.
Making Investments In Your Business
Some people say it takes money to make money. Yes, most of the time it does.
But it’s really about being smart with the money that you invest in your business.
The last thing you want to do is to make investments in your business where you lose money. This gets you into a serious “whole.” That whole wasn’t a typo. I am talkin’ a whole lot of debt.
The more investments that you make that don’t pan out, the quicker you will get into debt. There is only so much time you can carry an investment – meaning make the debt payments before it kills your cash flow.
Unless you are a seasoned business owner with predictable recurring cash flow, the money you invest should come back to you within 2-3 months. That means I want you to make a profit in 60-90 days.
When you make investments, I want you to make at least 3 times your money back. Just take all the costs of the investment, multiply by 3, and boom – that’s the minimum amount of money I want you to make.
When you make investments that work, you get money in the bank. You get more confident in yourself. It’s easier to be a leader. To make an impact.
It’s easier to be seen and stand out!
When you invest and lose money, you go into poverty thinking mode. You become afraid. Afraid to invest any more money. So you stay frozen, not doing anything to grow your business. Then you start thinking about closing your business and just getting a job.
It doesn’t have to be that way.
So there you have it. Now that you are more aware of what you need to do, it’s time to IMPLEMENT.
It’s so much easier to implement when you don’t have to do everything by yourself.
I don’t want you to do all of the heavy lifting. Let’s do this stuff together. I can help you.
Here’s what we will cover:
- We will start off as major PROSPERITY THINKERS
- We will get clear on what your business model is – and how you can SCALE YOUR BUSINESS to make more money
- We will identify 3 things your BUSINESS needs and 3 things that YOU need to behappy
- We will find 3 things to TRACK in your business, and talk about what to do with them
- We will identify the ONE KEY INVESTMENT for you to make in your business