Did you know that according to a recent LinkedIn poll, money (specifically cash flow) is the #1 source of stress among small business owners? Probably no surprise here! It seems as if every self-employed individual worries about money to some degree. But sadly, hardly anyone really talks about it.
For most of us, we keep our money issues a secret. Sometimes we don’t even admit our money fears to ourselves. Our unspoken attitudes and beliefs about money could be even getting in the way of our sense of self-worth. And because we don’t talk about them or admit them, we hold ourselves back from doing anything about them. We remain stuck in a limbo… and so does our bank account.
Let’s say your goal is to become a successful, thriving, six-figure business owner but your core belief around money is that making money is a struggle. Do you know what’s going to happen? This core belief will act like a barrier and will actually block you from achieving your goal. You will continually struggle to grow your business, no matter how hard you work or how much effort you put in. You will not make the kind of money you deserve to be making.
Suze Orman, author of The 9 Steps to Financial Freedom, believes that the sooner you deal with your fears, the more money you’ll be able to create. “When you heal your heart, you help your pocketbook,” she says.
So how do you deal with your fears and heal your heart?
The first step in resolving your current money issues is to write “Your Money Story” – the history of your relationship with money from childhood to present. Often it’s the money messages you picked up as a child that continue to influence your current beliefs, your behaviors and your bank account. By exploring all of your beliefs about money starting with your childhood, you will uncover the root cause of your current money blocks.
Write down all the money beliefs you have encountered along your journey.
“Aunt Rose said that rich people are selfish.” “Society says you can’t make a living doing what you love.” “In University, I didn’t think I had what it took to be successful so I didn’t follow my passion. I ended up majoring in economics, when all I really wanted to do was to take creative writing.”
Identify the limiting beliefs that are holding you back. Decide if you still want to hang on to them or if you want to toss them aside and replace them with newer, more empowering money beliefs.
Once you give voice to your fears around money, you regain a sense of power and freedom. Once you address your fears around money and start to talk about them, you’re then able to move your life and your business forward. Certain things are worth keeping as a secret, money isn’t one of them.
Let me know if you would like me to help you craft your Money Story. Drop me an e-mail at