Get Control of Your Money
Before It Gets Control of You
By Maureen Campaiola
While we all recognize that a complete economic turnaround is still a few months away, smart business women are taking control of their money right now by implementing strategies so they can make more and keep more.
The sooner you take control of where your money is coming from and how much you keep, the better off you will be as the economy takes that upward climb and emerges from this economic cycle. What’s the trick? To take an active role in ensuring you are creating the income that you want from your business, as opposed to sitting back and passively waiting for money to fall into your lap or for “things to change”.
Here are 7 simple tips to help you get a handle on your cash flow right now so that you are in control of your money and cash flow destiny!
Know Where The Money
Comes From
Do you know where your money comes from? Do you have multiple streams of income or are you reliant on just one? If
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multiple streams of income is a foreign concept to you, I suggest that you look at ways to create various revenue streams. If you are a coach, consultant or other service based entrepreneur and currently only offer 1- on -1 service, it may be time to look at innovative ways to bring in more money. You could develop a group program, create an information product, or join an affiliate program. This will dramatically increase your revenue with little additional effort on your part. The point here is to start thinking of ways to expand your current service offerings so that you are not relying on one income stream.
Find The Money Leaks In Your Business
Every business has money leaks. But one thing is for sure – if you are not paying attention to your business your money leaks are usually far greater than businesses that are well scrutinized. Maybe you have a recurring membership that you don’t use or are paying someone by the hour and they take too long to complete the task costing you hundreds of extra dollars. There are countless ways that money leaks right out
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of our hands and bank account. Find your money leaks and plug them so that you can have more money in your business. And while you’re at it, look at the money leaks in your personal life as well. You will be amazed when you start looking and evaluating where you waste money how much you can save over the course of a year.
Stop Using Negative Money Language
Spending money is always a choice about your individual priorities and personal values. But when you say things like, “I can’t afford it” or “I don’t have the money” it tells the universe you are not open to receive the wealth it’s trying to give you. These statements are constricting, limiting and are based in scarcity and lack.
Instead say things like: “I am worth it” or “I choose to invest in myself and my business”. Not only is the language really important but what’s behind the language - the mindset, that’s really important too. Start
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