August 30, 2021
Over the years we have seen more people give up on their businesses, their dreams and the life they want to create because of ‘wrong thinking”. Especially around the 3 keys we are going to be discussing today in this blog post. We thought it would be beneficial to shine a light on the way these 3 keys can and will trip you up if you don’t get your mind where it needs to be for long term success. What we call ‘wrong thinking’ can cause difficulties when people start their own business, specifically online businesses. There are three main areas where most budding entrepreneurs make massive massive mistakes and it’s all around how they think about these three factors.
Time is a tricky thing. Especially in business. It can be both liberating and confining. Business people both under and overestimate time. Specifically when it comes to building, growing, networking, marketing, and revenue. You see, business is not a get rich quick scheme. Read that line again if you have to. Just so it sinks in. It is a long-term commitment, a lifetime relationship. It is going to require lots of time to nourish it, support it, grow it, expand it, maintain it, and sustain it.
New business owners truly need to start thinking about setting up their business in terms of further education. You do not expect to get a degree in 4 months. You do not expect to walk straight into the marketplace and earn money only 4 weeks into your degree. Yet this is exactly how people think when they go into business. They expect to open their doors and be flooded with clients just ready to throw money at them. Even though, nobody knows them and has never heard about them. This is where new business owners overestimate time.
The place they underestimate it is around the third year of business. But this post isn’t for those who have been able to maintain the business. This is for those just at the beginning. And at the beginning of your business journey you need to start thinking of it as a degree program. Something that is going to take years to understand and lots of learning to take place before money starts flowing through the door in the amounts you need it to. Which brings us to our next key.
Leeza’s grandfather had a saying and it is one that is echoed by all those who have had success in the business world. That saying, ‘in order to make money, you have to spend money’. Now we know there have been a lot of books written on how to shoestring your first start up, and obviously we are not saying in any way shape or form that you should be going into massive amounts of debt in order to start your business. However, there will be things you need to pay for that are going to be part of the time- value- equation that will help you make money faster.
Some of those things may be a VA, also known as a Virtual Assistant. You may also have to invest in software, or online services like autoresponders, shopping carts and CRM. The best return on investment you could possibly get is working with a coach who is already doing what you aspire to do.
We want you to think of it this way, a swimmer doesn’t make it to the Olympics by going it alone. They have a coach. They have support. They know that they are going to have to invest in equipment, training and nourishment. It can take years of investing in their craft before they see any real returns. And guess what? So will your business. Though just like the swimmer, if you have the right coach you will shorten that timeline.
A lot of people underestimate, especially at the beginning of their business journey, how much money will need to flow back into the business. The truth is the majority of the money that you will earn in the first 18 months around 70% of that revenue will be best served putting back into your business. Not your pocket. But back into the business in order to maximize growth, sustain the business for the long-term, and also maximize future revenue gains and profits. This is why business is NOT a get rich quick scheme.
One of the biggest problems we see in all areas of business is energy. The reason it is such a massive problem is that your Mind, your wrong thinking, will set the vibe for your energy. If you keep thinking about your business in a way that sets you up for failure you will do two things with your energy.
First you will broadcast the ‘wrong thinking’ throughout your Auric field. This is the electromagnetic field around your body. Everyone has one, science has proven their existence. That field of energy is a massive billboard that is constantly broadcasting how you feel based on how you think. So if you are constantly frustrated or angry about how slow your business success is, you will be blasting this vibe out to ALL of your potential clients. Let’s face it, who wants to work with someone who is always angry? That is not the vibe that will win paying, committed clients.
This then leads to the second thing your energy will do, deplete. Quickly. You just won’t be able to make it through all those zoom calls. Nor will you be able to muster any energy to write sales copy, set up emails, do launches, and all the other million things you need to do to get money through the door.
Energy is one of the things most business owners underestimate. They do it at all levels of their business, unless they work with coaches like us. We are masters in energetic technology and we understand how it works.
We hope that this post has helped shed light on the 3 keys of your business journey that can either set you up for success, or kill your business before you have even begun. Remember ‘wrong thinking’ can be corrected. Mindset is an easy fix if you have the right tools in place.
Here at Quantum Wealth Coaching, we have those tools plus the knowledge and expertise to take you and your business to the next level. Which is why we invite you to book Luxe Goddess Strategy Call with us. Let us see where the blocks or gaps are and show you the path to saving you time, money and energy.
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