Track your income and expenses daily

 

Most business owners know that in order to move towards your goals, you need to track specific activities and data. Setting a target and measuring your results will keep you on track and moving in the right direction.

Perhaps you want to build your list? State it in very specific numbers how big you want to grow it, how fast you want to grow it, and exactly the steps you’ll talk to accomplish it based on your research. Then track it. Analyze what you’ve tracked, adjust, continue, and repeat. As you track the effects of your actions, you can improve and correct.

 

'If the metrics you are looking at aren't useful in optimizing your strategy - stop looking at them.'
Mark Twain

 

 

Think about your goal and decide what particular metrics you will keep an eye on to make sure you meet your goal.

One specific thing I suggest you do, is to start tracking your income and expenses every single day.

The great thing about this is that you can track using an...

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7 Key Money Making Activities for Entrepreneurs

 

One of the first things you should do now that you realize you may be working with some money mindset issues is to make a list of the money-making activities that you can do each day and set it in your schedule.

Some activities will fall into the category of brand recognition, some will be around nurturing your customer base and others will be specific money making offers to prospects.

All you need to do is to determine which activities actually make money and decide what you will focus on in each category.

 

What are Money-Making Activities?

So, what exactly are these money-making activities? They vary depending on your business type and what your particular offerings are, but for solo entrepreneurs, they typically encompass:

 

List Building Activities: Consider specific list-building strategies to expand your reach and boost revenue potential. Whether it's creating or refining your freebie offers, improving opt-in forms, or making use of available technologies,...

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Common Money Mindset Blocks

 

When thinking about why you’re not more successful or have a certain level of income, money mindset does not always come to mind. We tend to think that practical strategies and tactics are responsible for our success but that is not always the case. It has been said that 80% of personal finance is about how you think about money and 20% is the practical side.

Today, we’re tackling the topic of money mindset and the common mental blocks we can have around money. Understanding these can clarify why we sometimes feel stuck and reveal paths to greater financial success.

 

Types of Money Mindset Blocks

Money mindset blocks are beliefs we have around money that prevent us from achieving wealth and prosperity. These blocks can develop over our lifetime and many have their foundation in our childhood.

Some common money beliefs are;

  • I’m not good with money
  • It’s selfish to want more money
  • I can either make money or do what I love to do, not both

 

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How Your Money History can Shape Your Business Decisions

 

Where does your money mindset come from? Why do you think the way you do?

While there are many contributing factors to the development of your money mindset, your history plays a huge part.

 

Exploring Your Money History

Consider your first money memory—was it receiving an allowance, saving up for something special, or perhaps observing how your parents handled money? These experiences teach us subtle lessons about the value of money, the effort it takes to earn it, and what it means to spend wisely—or not. Each of these memories contributes to the financial outcomes that play out in your own business today.

 

Let me share an example. As a young teenager I wanted a new pair of shoes. They were fancy high heels to wear to a school dance. My mother informed me that if I wanted them I’d have to buy them myself. After feeling a bit disgruntled – as many teens would, I decided to take on some after school work and save up for the shoes.

I can...

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Money Mindset and Why it Matters in Your Business

 

Welcome to the Money Maker Series

If you could take some time to focus intensively on making more money in your business, how would that improve your financial situation?

For many of us, we work hard and put in the hours doing what we think we need to do in order to bring in more revenue, but is it actually working? Sometimes, we need to re-focus and look at ourselves and our business with a new perspective.

That’s what this set of blogs is all about. Focusing your attention on ways to improve your income.

It all starts with mindset.

You’re going to learn why mindset is important, how to change your mindset, and how it will explode your income. Money mindset makes a huge difference in how a person reaches and handles success.

 

What is Money Mindset?

Imagine money mindset as the lens through which you view all things financial—how you earn, save, spend, and invest your resources. It's shaped by a multitude of factors, from how your family discussed...

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