Turning On Your Money Taps
The Business Shifter™
One of the things I worked on for several years was cleaning up my money issues. That included everything from thinking I have to work really hard to make a lot of money, to taking care of old debt, to having a plan for paying down new debt, to plugging even the slightest money leak.
The truth for me was that I tended to not pay attention to my money as much as I should have, so inevitably something happened where money MADE me pay attention. It wasn’t usually a positive experience.
As I made some big strides in this area, I discovered that once I started really paying attention to my money, it started showing up a lot more in a lot more positive ways.
Here are 4 tips that helped me immensely to turn on the flow of money into my business and my life that I know can help you too.
TIP 1. Keep a daily tracking sheet of what comes in…
I track every penny that comes in on one simple sheet each day. When I first started doing this, I had days where I didn’t have any money coming in, but within just one month, it started to become rare if there was even one day that didn’t have some sum attached to it.
My clients who use this method of tracking absolutely love it because they can see the results of this simple yet powerful attractor of more money flow into their business so quickly.
TIP 2. Have a purpose for each income stream
I’ve always done this without really thinking about it, but once I started getting crystal clear about the ‘what’ and the ‘why’ for each and every one of my income streams, they turned from trickles to rivers.
TIP 3. Take care of any outstanding money issues
Periodically, I sit down with files and phone numbers in hand to cancel memberships I’m not utilizing, get refunds I’m owed, and ask my assistant to send reminders for any overdue invoices. When I do this, inevitably I’ll receive a check or payment to me totaling as much as or more than the amount I just took care of. See, money likes being paid attention to.
TIP 4. Find and plug those money leaks
In every business, there are places where money is leaking out. It could be the webmaster who charges by the hour and takes too long to complete a task. It could be a monthly subscription that you either don’t utilize at all or that you aren’t clear on its return on investment to be sure it’s actually a good one to make. It could be paying monthly for a service you use all year in your business, and that you could save 10% on if you chose the annual payment plan instead.
Where can you plug the money leaks in your business?
When you start to pay attention to your money, giving it care and coming from a place of personal responsibility, it will immediately open up the flow of more of it into your business and your life.
Which one of these tips are you going to start doing today? Share with me here
© 2014 Alicia Forest International | All rights reserved.
Alicia Forest, MBA mentors women entrepreneurs on how to build a priority-based, highly profitable business, in less than part-time hours. Get her FREE series on how you can do this too at http://aliciaforest.com