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Developing Your CEO Mindset

Are you taking care of yourself?

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Being an entrepreneur means you are your business. Your business will only thrive if you yourself are thriving too. That’s why I’m encouraging you to think about the personal goals you’ve set for yourself as it relates to your business. Two goals immediately come to mind:

Learn to create boundaries. You are in control of your business. Unlike working for someone else, you get to dictate what your hours look like, who you work with, and what you charge for your services. It’s important to take advantage of these possibilities so that your business works for you. If you don’t set your boundaries, it’s likely clients will take advantage of you and your time. If you want to have an appropriate work-life balance where your time is valued, you must be able to communicate your parameters and your process. Setting boundaries allows you to maximize your time and your earnings. 

Practice self care. It’s impossible to care for your clients and your business when you don’t care for yourself. When we talk about self care as business owners, we are talking about investing in ourselves and our skills. Investing in yourself will help you grow as a person, which in turn will help your business grow. Someone who practices self care is someone who never underestimates their value. You cannot reach your full potential unless you value yourself and what you bring to the table.

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Your Beliefs about Yourself Shape Your Business

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Guess what? Success is waiting for you to show up; you just have to believe it.

Most professional women I’ve worked with fall into one of two limiting belief systems: they either don’t believe they have anything to offer or they don’t think they have enough to offer. I’ve found myself in both camps at one point or another. 

For a long time, I was running away from my gift. I had been working in corporate finance for years and I was looking for a change. What I failed to realize was that my genius zone is in the financial space. I would be doing the world a disservice if I stopped working in finance and sharing my gift. I’d be doing a disservice to the many women whose lives I’ve been able to change with my financial knowledge and support.

As women, we’re taught to be humble to the point where we don’t even recognize our own talents. Everyone has something special to offer. You just might need a nudge in the right direction. If you don’t recognize your gifts, you’re holding yourself back. 

Once you know your skills, it’s easy to fall into the trap of believing you are not enough. This limiting belief stops you from really putting yourself out there and reaching your full potential. It can be intimidating to start your own business where there’s built in competition but it’s worth taking the risk to do what you love. 

If you put limits on what you believe you are capable of in your business, you won’t make any progress. That’s why I teach my clients to subscribe to a new belief: done is better than perfect. I understand that charging for your services can add pressure to create exceptional results. While it’s great to strive for more, you have to remember to be compassionate to yourself in order to grow. We all have to start somewhere, so start now.

Trust that people will love what you have to offer and the sky’s the limit.

Commitment – Are you in it for the long haul?

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Commitment is the ongoing theme for this month.  And being committed to something may look different to different people.  But with everything that has happened (and continues to happen) this year, being committed to your business, to being in business, is something that you need to be clear about. Commitment is your word being congruent with your action.  It becomes that driving force that propels you forward. Without commitment, your intentions are simply “wishful thinking”. 

In my Facebook live back on August 28, 2019, I talked about how business owners could hedge against an economic downturn (I know…who knew in Aug 2019 what March 2020 would bring?!)  For business owners, solopreneurs, consultants, service providers, etc. you have to commit to being a business owner. Truly commit. No willy-nilly I’m a business owner but I’m not taking it too seriously; I haven’t committed 100% yet.

Lady Boss…that’s just NOT going to cut it! And if you haven’t made that commitment, you may just be feeling the effects of that right now. But it’s not too late (it’s never too late) to make that commitment. To commit to your business. To commit to being in business. To commit to becoming an Empowered Lady Boss!  

In this FB Live, I talk about being in it for the long haul. When you make that commitment to your business (and really to yourself), now you’re in it for the long haul.  And that’s where you want to be: committed and in it for the long haul.  Check out both FB Lives for plenty of tips and resources to help you make that commitment, set yourself up for success, and be in it for the long haul!

If you dream of becoming an Empowered Lady Boss who is confident, smart, and an action-taker and you are ready to step into your power and take action on your dream, this ebook is for you! Download this FREE ebook to learn the 5 Reasons Why Your Money Is Not Adding Up and what you need in your business so that it’s a business you actually love and creates the revenue you want!

Your Money Story

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What is your money story? In simple terms, it means how do you relate to money?

Your money story tells a lot about your current financial relationship with money.  You are either in one of two categories. You either have a scarcity or abundance mindset.

You either follow your childhood exposure in how you relate to money or you have done or are doing the complete opposite.

To help you recognize your money story, ask yourself these questions:

      • What is your earliest childhood memory about money?
      • How has that affected your family?
      • How do you relate to money in your relationships?
      • What type of mindset do you have:  abundance or scarcity?

A scarcity mindset believes there is never enough. You might believe you cannot change your current money situation.  It is completely out of your control and it will always be this way.

On the other hand, an abundance mindset believes I know that my current situation is only temporary because I believe that I can change my current money situation.  I will do something to move me closer to abundance.

The only way you can go from scarcity to abundance is to have a shift in your mindset.  You have to believe that there is more for you.

No matter what your surroundings are saying now, you must begin to change your thought process.  You need to start reading books about abundance, educating yourself on personal finance, find an accountability partner or coach to help you make these changes.  You need to start speaking abundance over your life and finances.

Your motivating factor has to be so large that you have no other choice, but to change and trust God for the transformation. Sometimes your motivating factor is termed you “Why”.  Think about what is really motivating you, and keep digging deeper.

For example, let’s say your motivation is for more free time. Great! But let’s go deeper. What does free time look like to you? What are you doing with that free time?  Are you spending that quality time with your family and friends? Or does that free time allow you the flexibility to be able to volunteer for something at your kids school? Does that free time allow you to travel more often?  Keeping asking until that BIG WHY comes!

Once you know your WHY and what motivates you to change, now decide what you want. Develop a clear goal for yourself financially – make is specific with numbers and dates.

You have to be clear on what you want so that you know where you are going before you start.  If we continue to be lazy and complacent and let life’s situations toss us to and fro, we really won’t accomplish anything. If your goal is vague, you don’t have a clear target to work towards.

Take a moment now to determine your goal.

  • Where do you want your finances to be in 6 months?
  • One year?  5 years? 10 years? 20 years?

Once you have a target, you can begin to develop the execution plan.

What’s your money story? And what do you need to do to change it to the money story you want?

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