Flawed attitude about cash can hinder your success
Posted Monday, June 21 2010 at 00:00
Your personal attitude toward money will impact both your personal and business finances.
I work with many businesses and find that if an owner’s personal finances include savings, emergency funds and positive cash flow, her business finances tend to be in alignment.
She’ll have enough working capital in cash plus extra savings. However, if she has personal debt, her business will also be in debt.
So how can you improve your current personal financial situation and thereby help your business finances?
Go back in time and find out whether “money wounds” are blocking your wealth opportunities.
“Money belief systems were developed since childhood and later became money wounds,” says Jaden Sterling, a wealth guru who owns many successful businesses and has helped many people manifest wealth.
“The universe brings us abundant opportunities, saying yes to opportunities that are in alignment with your passion,” Sterling says.
Sterling relies on what he calls his Inner Guidance System.
Many opportunities come to me,” he says. “Will they meet my three criteria?” He defines his criteria as:
Will it make a positive impact on others? Can I make a lot of money from it? Can I have fun doing it?
“This Inner Guidance System provides the experience in balance between giving and receiving,” Sterling says. “When you become panicked or fearful of the economy, stock market or government bailout, your emotional state actually blocks the opportunities that are coming to you.”
Obviously, removing money wounds takes time and persistence.
So you wonder whether you can cure yours. Perhaps the opportunities are already in front of you; you just don’t know where to begin.
To prevent blocking the money opportunity coming to your business, consider the following: Pay yourself, the owner, at market rate and on a regular basis.
You pay every vendor, employee and everyone else except yourself equitably.