Business growth and a thriving business is only possible if the finances in the business are doing well. Different aspects of the business influence finance, good sales and good management of expenses puts the business in a great position financially where the business can field good profit. But when the finances are not doing well the business doesn’t make sense to the owner.
When the money is not coming or when we don’t see the money that has come in, what should the business owner do to get back to a good financial flow
Studies show that 90% of businesses fail within the first two years. Now this is a fact and it not because the business owners are not ready, they don’t know what they doing or they don’t have the skills or they don’t have a business case, or a great business plan. It’s because the business owner is subconsciously is worried about failing. The business started to exist only in the mind of the owner before the business was ever possible. Because of the thoughts of the owner the business was born. The only thing that can keep the business running is the very same thing that gave birth to it which is the thoughts and the mindset the owner has about the business.
A lot of times business owners are really existed about starting a business and they know they can do it and they do it, but once the business is running they then get to work in the business not On the business. When they work in the business they start to notice all the things that are going wrong and all the things that can go wrong. They get overwhelmed with worry and fear. That worry and fear they focused on manifest more things that will worry them
When nothing makes cents the business owner needs to check their mindset, what are they thinking about their business, not what is currently going on. When the owner does that they will uncover limiting beliefs they have about the business at that stage and they can actually work on clearing those beliefs which will clear the issues. We create amazing things with our thoughts we also create distraction and commotion with our thoughts
Here are few limiting beliefs a business owner might have concerning their business when nothing makes cents
- It's hard to make money/sales
- I can't afford my business expenses (salaries, rent,)
- I can't find/afford the right people to work for me
- Is my product or service good enough for the market?
- I'm not big enough for great orders
- I don’t have good connections or a network
- I don’t have support
These limiting beliefs normally feel like they are real or truthful to the entrepreneur. When they kick in, what all entrepreneurs do wrong is try to physically correct them, but what they need to do is mentally correct them, they need to change the mindset, not the situation. The changed mindset changes the situation automatically
or example let take number 4 – I'm not big enough for big orders. This is a fact but it's not true because being big has nothing to do with your capabilities. If you were making shoes and you currently only able to produce 100 pairs a month because of materials, machinery and labour. You then get an order of 5000 shoes a month, you don’t take it because you're not big enough. You have just allowed the belief to limit you and your business.
What you need to focus on is the fact that if you had the equipment, the material and the labour. Can you manage or do you have the capabilities and skills to produce an order of 5000? If yes, then that is what you need to focus on and be excited about because when you do that, you create the resources in your mind as you did your business and they will soon manifest.
That is what a mindset change does, it doesn’t look at what is, it looks at what is possible and if it is possible in your mind it is possible.
What to do when nothing makes cents? Change your mind about the cents.
By Busi Selesho