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Episode #84 Making the Money Work

October 1, 2021

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Tame the emotional roller coaster of entrepreneurship by learning how to make the money work.

No matter what phase of business you’re in, money is always present. 

Learn some simple concepts and calculators to answer the 3 most common questions all entrepreneurs have:

  1. How can I afford to quit my job and start a business?
  2. What price should I charge?
  3. How do I ensure my business is sustainable and profitable?

When the numbers stay swirling in the dark of your mind, confusion, doubt and fear take hold.

Get calm and confident in your business. Pull the numbers out and make them visible.  When you can objectively see them, it becomes about the numbers, not about you as a person.

 

[0:40] Every phase of the entrepreneur’s journey needs support 
     STORMING-learning coaching, healing and education skills and exploring brand & business models  

     FORMING- building website, social presence, products & services and beginning business

     NORMING-getting in the routine with business processes, metrics and making revenue

     OPTIMIZING-refining skills, refining or expanding products/services, creating profit

[5:02] The top 3 money questions all entrepreneurs ask

[6:31]  You can afford to leave your corporate job - Know you minimum math number and sources

[18:39] Take the guesswork out of pricing.  Use custom made revenue and resource calculators.

[22:16] Ensure your business is sustainable and profitable for the long haul.  Use this approach so you always have plenty of money.

[29:35] .Break out of the habit of spending your profit the minute you make it.  What would it be like if you actually had the money to match your Profit & Loss Statement?

[31:34]  Stop making the money mean something about you.  Use visual tools that allow math to just be math.

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