What is your relationship with money and how is it impacting your business?

Have you ever thought about your relationship with money, and how it impacts your business?

Money is energy and the type of energy we throw around money will determine how money shows up in our lives and our business. You could have a deep emotional connection with money, and not even be aware of until you start to peel back the layers and find the underlying beliefs, which give birth to the feelings that govern your relationship with money.

You might be familiar with some of the most common ways in which people  think about money. Some people are very careful with their money, unwilling to spend money on anything unless they absolutely have to (we usually call them stingy ha ha), then they hide away the rest, maybe even under a pillow.

Some people love to spend money, and will happily spend every cent they have, even when it might be a good idea to slow down and keep some for rainy days. And the rest of the people could be somewhere between the two, they occasionally spend and save as well.

Healthy relationships don’t just happen. They are built and maintained. This is true not only for your relationships with people, but with money too.

How do people develop these different relationships with money? As with most questions about emotions, the answer can often be traced back to our upbringing. We tend to develop our ideas around money from the people we spend time with growing up, usually our parents or families.

If someone’s parents were very careful with money, they might grow up with the same money principles and do the same. And someone who grew up being spoiled can also be in the habit of spending.  However, there is a possibility of the opposite happening, some people will go all out to provide their children with what they never had, so someone who grew up with very strict parents might lavish their children with gifts, because it is something they never had.

Your relationship with money personally will also impact the subject of money in your business.

If you think about money from a place of lack or if you think there is a scarcity of customers and clients, then you will be impacting on the flow of money in your business.

I have also found that if you never invest in yourself because you are saving money or whatever the reason, you could be impacting not only on your growth but on one of the laws of money “The Law of Capital” the law of Capital states that your most valuable asset in terms of cash flow, is your physical and mental capital, so basically your earnings ability. If you are able to apply your earning ability to the production of valuable goods and services, you will have enough money to do all the things you want in life……Powerful isn’t it?

Remember, money is energy, so the energy associated with our goods and services will influence the money flowing in our businesses.

And besides, how can you possibly expect people to invest in your product if you do not invest in your growth and others?

Ask yourself these questions to determine where you stand with money;

  1. Are you in business purely for the money?
  2. Would you still offer your services if you were not getting paid for it?
  3. Do you have a vision or goal for your desired income?
  4. Is your income goal related to your level of service?
  5. What are your limiting beliefs about gaining financial health and wealth in your personal life and business?

Take note of your money habits and beliefs, fix your money relationship and start having the conversation with yourself about your money matters and where you fall short. Limiting beliefs can block your money because you might be providing a great product or service but walk around thinking you do not deserve to be paid for them, and this contradicts what you really want.

Let me know what your relationship with money is and how do you think it is impacting your business.

Quote

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
Ayn Rand