Cash Flow Mistake #2 - "I'm Not Good With Money."
I know some of you reading this article are saying, "but Elizabeth, I'm just not good with money. I'm not a numbers person." I'm here to get in your face and say, pshaw! I don't buy that story!
First, if you are constantly saying to yourself that you are not good with money, what message are you saying to yourself, your clients, and the universe? Before great wealth will ever manifest itself in your life, you must change the mantra in your brain. More on How to Avoid the 4 Cash Flow Mistakes, part 2
When you started your business, you may have thought you were going to help people. Change the world. Enjoy working at home. Make a good income. Have control over your life as a self-employed entrepreneur.
But what are you really doing? Checking the bank account to see if you have enough cash to pay your rent. Cringing at the pile of receipts to input into QuickBooks. Waking up the middle of the night, wondering if that big client paid you on time. Hoping that marketing campaign or coaching program will pay for itself. Getting out your personal credit card to pay for a business expense, yet again. Opening up a surprise tax bill from Uncle Sam.
Is managing the fluctuating income and expenses of your small business an ongoing struggle for you? It may be because you are falling for one of the classic mistakes small business owners make when dealing with the "numbers" side of their business. More on How to Avoid the 4 Cash Flow Mistakes, part 1