As you know, October is known for Halloween. It’s a month full of fangs, Frankenstein and fear. Ask any successful entrepreneur about the fears of an entrepreneur, and they can make a list a mile long.
On their list, you’ll likely find fears that include paying back the loan, making payroll, or launching a new product or service. That’s enough to send shivers down anyone’s spine.
Fears can be helpful or a hindrance. Fears can be helpful in keeping you safe, like when a driver didn’t see you and moved into your lane narrowly missing your car. In that split second, it’s your mind’s way of telling you that you’re in danger.
However, if left unmanaged, fear wreaks havoc on your life and business. It can shoot down your creative problem solving. Fear can also cause you to delay an important decision or make things seem worse than they really are, keeping you from the peace of mind and happiness that you deserve.
To create a life and business you love, it’s important to address the fear and look beyond it once you’ve moved through the fear. So, ask yourself, what does the ideal scenario look like to you?
Whenever I have new clients, one of the chief complaints is that they set a profitability goal each year and don’t meet it. We address anywhere that they are not in compliance or where systems are missing. What we find is that they:
- Have delayed hiring an effective bookkeeper or CPA to get their books in shape;
- Are in arrears in paying their year-end taxes
- Have a backlog in remitting payroll taxes
Their fear of making more money and having outstanding debt created a prosperity disconnect. Naturally, they wouldn’t take bold action to grow their business because this concern was in the way.
To achieve their financial goals, we first created a plan to address their compliance issues consistent with the ideal outcome. They often called on resources they already had but just weren’t utilizing.
Once they moved beyond their fear and took action, they began to see significant increases in their bottom line. Almost every time they would remark that resolving the issue wasn’t as bad as they had thought it might be.
By taking action to address a fear, they created a new and better outcome. They also moved full speed ahead without the weight of worry on their shoulders actually creating the space for new ideas and new revenue streams.
Your Excellerate Success Institute Assignment:
Identify where in your life and business you need to address your prosperity systems.
- Have you been postponing contacting someone about the taxes owed?
- Are you delaying investing in that program you know will help you move ahead or contacting a resource that can assist you?
- Keep postponing hiring that bookkeeper to input your expenses each month?
Now is the time to take action. When you do, watch what shows up.
>>>Assess your 7 Profitability Systems in your business by registering for the next Profitability Lab: Introduction held every second Thursday of the month. More at http://www.ProfitabilityLab.com or online the second Friday of the month at http://www.ProfitabilityLabs.com