Being broke is stressful. Not to mention, it’s just not fun. Now add owning a business to the mix and you take that stress level to new heights.

When studying people, one thing that becomes clear is that if you were born into a middle or lower-middle-class family that had struggles making ends meet, you will have a far different mindset, as compared to wealthier counterparts.

People can have different mindsets even if they had the same amount of money, but if the perception was that they had means, they acted differently than people who did not think they had means.

Define What Wealth Means to You

It’s crucial for you to define what this means for you. How much money do you need to earn to feel wealthy or to be able to make the kinds of choices that will lead to more wealth for you?

Choose a real number. Yes, wealth can be in non-monetary terms, but the truth is, you often need money to be able to do big things in life. Money doesn’t make you happy, but money can make a happy life easier.

Set Clear Monetary Goals

Once you have set the wealth number, and lifestyle ideas for yourself, it’s also essential to use that information to set clear monetary goals. You may not be close to those goals, but when you spell out what you want your life to look like, it’s going to be a lot easier to get there. Think of it as using GPS to plan a cross country trip.

Develop an Action Plan

You can use your business plan to help you design your business so that it meets your income requirements. When you know exactly what you need to do today to produce the income you need tomorrow, you’re going to be much more successful in your endeavors.

Surround Yourself with Like-minded People

You may need to find new friends and colleagues to surround yourself with if you are getting pushback from your friends, family, or coworkers. Join local groups, find international groups, locate a life and business coach who can encourage and help you realize your goals by giving you some accountability.

Implement Your Plan

You can tell the universe all day long that you want $1,000,000 dollars, but if you aren’t doing something to generate those funds it’s not going to happen magically. You have to create a plan and start taking the actions needed to achieve your goals within the various areas.

Measure, Track, and Adjust Your Plan

You can only be sure you’re heading in the right direction if you check your numbers and track the data. For example, if you said you needed to earn 100 dollars a day to reach your goal for September, did you reach that goal, and if so, how? Can you duplicate it?  If not what got in the way?

Once you check your numbers, if you find that things aren’t working as planned you can adjust. If you find that things are working better than you thought you can do more of it.

To Your Success,
Coach Cheryl