“It's not enough to have a good business idea. You need to have the financial structure in place.”
—Melissa Houston
When you hear the word “rich”, what emotion or feeling do you attach to it? Is it a positive notion? Are you proud, excited, and inspired to act? Or are you left feeling bothered, guilty, or even repulsed by it?
At the heart of being rich as a business owner is correcting that negative money mindset that being rich is bad. Getting rich is, first and foremost, more about financial confidence than it is about obscene luxury or vulgarity. In fact, it's a good thing to get rich because you can help others with money.
And while “rich” can mean different things to different people, this episode talks about three things you can do to build your wealth as a business owner.
Listen to learn:
Highlights:
00:50 Intro
02:10 “Get rich” evokes a visceral reaction among most people
02:53 Correcting the negative connotation with having money and being rich
04:10 Cash Confident pre-order bonus bundle
07:37 Reinvest profit to your business to flourish and thrive
08:54 Being a business owner affords you flexibility
09:44 Cash is the lifeline of a business
10:06 Having a financial plan for success
12:18 Self-discipline is the key
13:39 Manage the money coming in and out and live within the means
of your business
14:57 Being a successful business owner requires resiliency
16:00 Building a successful business is not for the fainthearted
As a business owner, you have a tremendous opportunity to change your life by building wealth properly using available tools and resources.
Links:
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IG: @melissahoustoncpa
LinkedIn: @melissahoustoncpa