You, money and Our Business Coach

Posted by admin on Jun 14, 2012 in General | 0 comments

Recently I have been reading John Kehoe and specifically a book about our attitudes to money and success. As a business coach, the more business owners I talk with the more I’m struck how a person’s attitude to money has a massive impact on how much money they have.

Here’s an example. A couple of weeks ago I spoke with the owners of a security company. Now these guys were very diligent and hard working. But when I asked them how much they were paying themselves (the business turnover was in excess of $1,000,000) they replied “oh not much as we can’t afford to yet, but it’s around $45,000 for now.” I knew immediately that they had a money attitude problem. What these business owners didn’t understand yet was that money (like everything else) responds to the demands you make for money. Their profitability will grow when they start to demand profit from the business. These business owners see money as being scare, so it is. Better to believe in abundance, pay yourself what you are worth and take the action necessary to make it happen. A business owner who expects to earn $200,000 for instance and sees themselves as a $200K earner will find the way to make it happen.

Now there were a couple of other reasons for the unsatisfactory profitability in this business – a weak marketing system being a major one. But until the desire for more money is stronger than the fear of not having enough money profit will be hard to come by!

So, the point is this. Have a think about your attitudes to money. Do you see abundance or do you see scarity. How is your attitude to money, whether it be scarity or abundance affecting, your bottom line. Do you say “we can’t afford that yet” or “we have to invest in that now.” Are you waiting for the right time to invest or do you invest to make sure you are ready for growth.

Here’s to abundance on all levels!

Successfully

Tony

Our Business Coach