How many times have you foregone doing something because you were scared? Scared of what could potentially happen, scared of who you could potentially become! Take a short moment to think how your current situation could have been so much different had you just took that leap of faith and jumped! Did you know that fear is one of many emotions that prevents us from living in our purpose. It is the unknown that holds people back from taking risk both in business and in finances. Ask yourself this question…Are you operating in a emotional state of fear? If so, QUIT LIVING IN FEAR!!!
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Are you terrified of success?
Success can be absolutely terrifying, especially when you don’t know what lies ahead. When owning a business it can be challenge to continuously elevate your company to a level of success. Challenges come about constantly pushing us into the realm of fear. Fear of failure, fear of the lack of finances to complete a project, fear of not knowing how to do something in particular. FEAR, FEAR, FEAR! Did you know that once you have made up your mind that you are going to operate in fear than things often times don’t work out as expected. Shift your mind to think SUCCESS! There must be a paradigm shift in your thought process. Embrace SUCCESS and all of the challenges that come with it! There will be times where you want to throw in the towel embrace those moments as well. Without bad comes no good so embrace the journey and keep pushing towards your business and finance goals and achievements.
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Quit Living In FEAR!
Do not allow fear to control your thought process and decision making. Simply evaluate the business opportunity at hand assess all variables, determine if it is worth the risk and then take that leap of faith.
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Until we meet again beautiful KINGS and QUEENS
Stop Co-Mingling Funds
As a bookkeeping consultant I have the pleasure of working with a wide range of businesses owners. One common mistake that 50% of them make is co-mingling funds. Entrepreneurs and small business owners please STOP co-mingling funds, I beg of you. If you have not been made aware it is poor business practice and something that happens way to often.
What is co-mingling funds you ask. Co-mingling of funds is when one uses there personal checking account as their business account. There are many reasons why one should not co-mingle personal and business funds. One reason why is, it creates an extensive workload for your bookkeeper/accountant who has to spend countless hours deciphering between what is a business expense and what is not. Another reason is, the co-mingling of funds limits your ability to see your company’s growth in revenue. It is EXTREMELY important to separate personal income from business income. Without separating the two It is hard to get a clear picture of how your business is doing financially.
Tips to help resolve your co-mingling funds issue
The first step to take in solving this problem is open a business checking account. Be sure to shop around to ensure you get the best deal. Having a business checking account allows for all business income and expenses to debited or credited from that one account. This also forces you to pay yourself first, which means transferring funds from the business account to your personal account to take care of expenses that can not be classified and business expenses.
Keep in mind that your business account should be used for business transactions only. Be sure to keep accurate financial records. If that is not your strong suit higher a certified bookkeeper to handle that aspect of your business. I guarantee your stress levels will diminish come next tax season.
Take a second to read the article below
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Until we meet again beautiful KINGS and QUEENS.
Procrastination can be one of many reasons why we do not accomplish what our heart desires. Often times we put things off for tomorrow that can be done today. How many of us have done that once or twice in our life? To procrastinate, or not to procrastinate, that is the golden question!
Understand one thing beautiful KINGS and QUEENS, nothing will ever get accomplished if we do not hold ourselves accountable, buckle down and get it done! So often I hear people talk about what they want to do but very rare do they actually accomplish that thing. How many times have you said you want to debt free? How many times have you said you want to start a business? How many times have you said you need to network or partner with that person and never got around to doing it? Realize, words without action is worthless. Remember that old saying “Don’t talk about it, be about it”. That is what I want to encourage you to do TODAY!
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You may be telling yourself you don’t have the time, or you already have too many things going on, or you may not know how to go about doing what it is you are trying to do. Ask yourself this question is procrastinating going to get you where you trying to go any faster? How bad do you really want it?!?! Do not be discouraged!
It may seem like that “thing” is unattainable RIGHT NOW but I promise you once you let go of all the excuses, remove the fear of the unknown and take that leap of faith, you will start to bask in the fruits of your hard work and dedication. I speak from experience when I say that there is nothing more gratifying than looking back and seeing all of the sacrifices you made to reach your goal!
Until we meet again stay encouraged and STOP PROCRASTINATING!
Did you know that business, finance & health have one thing in common…you guessed it YOU!!! Your overall health IS EXTREMELY important when it comes to business and finance. The lifestyle of an entrepreneur is filled with ups and downs, highs and lows. To my business owners as we embark upon this entrepreneurial journey, consciously making an effort to manage business and finances better. I couldn’t help but wonder how many of us truly understand that in order to maintain a healthy business and financial life we must ensure that we are first mentally and physically healthy.
Ask yourself this question…are you taking care of your overall health? Are you ignoring that nagging pain? Have you constantly been forgetting to schedule those important doctors appointments. When was the last time you made an appointment to see your internal medicine doctor and obtain a complete physical?
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We have you a tendency to take care of everything and everyone else but mysteriously never find the time to take care of self. We want to be around to see the fruits of our labor so we must do what is necessary to ensure that we are mentally and physically healthy! I hope you enjoyed your Mother’s Day weekend. As we regain focus after all the fun-filled activities this past weekend I want you to take a moment to evaluate your overall health and ensure that all important dentist/doctor appointments are scheduled.
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To those who are not business owners please note your health is extremely important too! Too often we ignore our bodies, KINGS and QUEENS I beg of you listen to your body…what good is it that we talk about business and finances on Think About It Thursday’s when we have not addresses SELF first!
I hope you all cherished the time spent with family and friends this Mother’s Day weekend…until we meet again!