Amy started to experience money struggles the moment when she wanted to make the transition from executive to entrepreneur.
A pretty lady in her 30s, Amy is from a middle-income family. From external appearances, she seemed to be doing fine…except that in the six months prior to us working together, she had been struggling. No one except her husband knew about her feeling broke and depressed.
For months, Amy had worked hard at getting her business off the ground.
There were a lot more to each marketing strategy that she had at first realised. It was not long before doubt started to creep in. She went into emotional overwhelm.
Are you currently in the stage where you are ready to give up on your business?
My suggestion: Not just Yet.
Not until you have finished reading this post on 3 Feet from Gold.
“Failure is a trickster with a keen sense of irony and cunning. It takes great delight in tripping one when success is almost in rich.” – Napoleon Hill, Think and Grow Rich
The story 3 Feet from Gold is a story that has kept me inspired over the years. It is a tale that has kept me going on as an entrepreneur, especially during challenging times. As with many business owners, my journey has not always been that smooth. I have been through feast-famine cycles and everything in between.
“Before success comes in anyone’s life, that individual is sure to meet with much temporary defeat and, perhaps, some failure. When defeat overtakes a person, the easiest and most logical thing to do is to QUIT. That is exactly what the majority of people do.” Think and Grow Rich, Napoleon Hill
I hope to share with you what has helped me all this time, if you have not heard this story or read the classic Think and Grow Rich book. The entrepreneurial mindset of not giving up has kept me in the game. It has helped me build tenacity even when times are difficult.
What is the Abundance Affirmation
That You Need to Make Today?
I created a slideshow with 30 abundance affirmations embedded,
so that it is easy to pick one for the day.
Here’s the affirmation that came up for me, when I was writing this post…..
“When people ask us how long does it take for something to manifest, we say, “it takes as long as it takes you to release the resistance. Could be 30 years, could be 40 years, could be 50 years, could be a week, could be tomorrow afternoon.” Abraham-Hicks
You have watched the Movie The Secret.
You have read the Law of Attraction books.
You are repeating abundance mantras everyday.
You are even writing Abundance Checks for manifesting at the start of every new moon.
So why is it that your manifesting is not working?
Where’s the money? Where’s the soul mate that you hope to attract? And if you are running a business, where are the truckloads of clients eager to work with you?
You look around and you ask: Why is it happening for everyone else except for you?
Never underestimate the impact of money leaks for they could drain your financial wallet. Money leaks can add up to a lot over time. It is easy to overlook them because the amounts going out usually start as small. However, where they are recurring, money leaks become major. Recurring expenses have a compounding effect over days, months and years.
It’s like having a water bill that is rising from just having a tiny leak in the toilet. Drip…drip…drip…day by day. Before you know it, you find yourself wondering why your cash outflow gets to such a big sum. It’s like having holes in the pocket. You may have stuffed stacks of cash inside but oddly enough, some have disappeared.Continue reading
Are you caught in a feast-famine money cycle that bring you into the highs of having lots of cash, followed by crashing lows where perhaps even paying the rent becomes a problem?
The money drama is almost like a thriller with treacherous peaks and valleys.
It keeps you engaged. Nail biting. Hooked.
Except that you are not watching a movie.
This is for real.
You are living it in high speed and great intensity.
And it is a drama on repeat.
The Entrepreneur’s Feast/Famine Money Cycle
The feast/famine cycle is what a lot of entrepreneurs go through.
There could be periods where life is great, clients coming in and you are spending cash like you are living in a lap of luxury.
Then, there are periods where no one is knocking on your door, the cash register is not ringing merrily and money is scarce.
It is a cycle because one period will follow the next and then back again – on autopilot.
Continue reading
Are you experiencing mom guilt because your business is taking an important place in your priority list….so much so that you are not able to be 100% present for your kids sometimes?
Mom guilt is the worst stealer of joy that can inflict a mompreur who’s trying her best to do the juggling act.
You have been saying yes to the following…
attending to the important sales call
preparing a marketing launch
blogging
doing facebook lives
coaching others
and cutting down on the following….
– joining the parent support group for your kid’s school
– baking cookies for children parties
– monitoring your children in their homework
– organizing play dates and other social events with other moms
– cooking family dinners
– breastfeeding beyond 6 months…
and the list goes on.
I found out that mom guilt never quite go away completely. Even though my girls are teenagers and need a lot less time from me, I still experience the mom guilt every once in a while. Then again, it has not stopped me from establishing the clear boundary between business and my two girls. I have not allowed mom guilt to stop me from pursuing what I want nor use it as an excuse to give up my business altogether.
As a mompreneur, having a mindset that is geared for success is extremely helpful if you are hoping to make serious money. Many mompreneurs fall into the trap of treating their business as a hobby. Let’s face it. A hobby mindset will only earn hobby income…which in the case of a crafty business means earning barely enough to cover the cost of accessories for the most part.
Many new mompreneurs report to one of the following emotions:
1. Guilt if they harbor ambitious dreams
2. Regret for the care-free life they had behind.
3. Shame if they fail to make busincess a success.
Is this true for you too?
Are you also having beliefs such as:
– I am not good enough to run a business;
– I am just not good with anything technical such as putting up a website;
– I can’t do sales and since having a business will involve sales, I can’t do a business;
– I suck at promoting myself;
– I am too slow to be learning anything like business and marketing etc.
Continue reading
Are you a soulful mompreneur balancing babies and business at the same time?
So how is life like dealing with family matters and running a business all at once?
Stressful, exhausting, overwhelming?
Hey, as a mompreneur myself, I understand.
In fact, ask any mompreneur and she is likely to tell you that it has been the same way for her too.
How to transform your relationship with money?
Perhaps you are used to the idea of consulting a financial advisor or a banker on money matters….but it may feel weird to envisage having a relationship with money, much less transform it.
I get it. The idea of having a relationship with money may not be something that you often come across. As someone who used to work in a bank, I certainly did not see this in any of its training manuals. It’s also not a topic that was taught in school. Still, these reasons aside, it’s never too late to begin having a whole new perspective towards money.
Let’s backtrack a little.
Why even bother with the idea of improving your relationship with money?Can we have a relationship with something that is inanimate?
Why even think about money as forming a relationship with it?
Why is it important and how do you transform your relationship with money (when you prefer to avoid handling financial matters)?
These questions had bothered me some years ago, and after realising that I could not get any meaningful idea from others online, I decided that I needed to search for my own answers. These answers have inadvertently helped me to grow on a personal basis and to also help others find out more about their own relationship with money since then.
If you have been wondering the same or are curious to find out more, may I have the permission to shed more light?
For a start, let’s bring attention to the word “relationship”.