Is it a Financial Investment or an Expense?

Money Bag Featured

Is it a Financial Investment or an Expense?

Financial Investment

Many entrepreneurs, including myself, can get caught up in the money struggle.

Especially today with skyrocketing prices and a struggling economy.

When I started my business, I struggled with how to get going with little to no budget. I didn’t know where to spend money that would make a difference based on where I was in the stage of growing my business.

I see too many business owners spending money in the wrong places.

About a year into my business, I knew I needed a support structure like the one I offered to other lady bosses. A long-time mentor of mine started up a year-long program, and I knew I had to be in it but had no idea how I would afford it.

It was a lot of money that I did NOT have in the bank, and it scared the crap out of me. How was I going to get the money to do this program? I ended up borrowing the money because it was important to me to be in the program.

This was when I started to discover money as a powerful tool.

Financial Investment - The Lady Boss Lab

What I realized was that the money I “spent” was money I was really investing in my business and wasn’t an expense at all. Whenever I thought I couldn’t afford something, I felt a sense of panic especially when I didn’t have a lot of money left. But when I started to look at the money I spent in my business as an investment, I was more committed and engaged in what I was spending my money on. I got so much value out of the program because I had a lot at stake. In some cases I got more value than those who could easily afford the program.

I showed up to every meeting and call and did every assignment!!! I didn’t realize how powerful money as a tool had become for me until I paid the loan off in only 6 months, much sooner than I had anticipated.

Not only is money now a tool for me, but it has changed the way I relate to money. I have way more power around money as an investment, even when I make a bad one.

My Challenge to You

My challenge to you is to stop relating to the money you spend in your business as an expense. Instead, look at what you spend as an investment in your business and see if that investment is worth it. Think about what you are investing in before you spend the money, so you have an active intention to get something out of it for yourself instead of passively waiting for the value to be there.

Maybe you’ll discover that you need to utilize business tools to that you are spending your money on to their fullest potential. Or perhaps you aren’t participating in what you invested in fully because the investment isn’t big enough, or you don’t have enough at stake.

If you start to do this, I promise you will shift how you see money as a tool and experience more power and abundance!

Erin Samaniego

Who do you know in a service business that could use support in having more power around money?

Lady Boss Lab is looking for Lady Bosses in service businesses who have been in business for at least 1 year.

We currently have openings for the following industries:

  • Photographer
  • Fitness Trainer
  • Esthetician

I’d love to chat with them and see how the Lady Boss Lab could help them reach their business goals.

You Have a Destiny, and You Are Worth It!

Mind Masters in You

You have a destiny, but it’s going to hurt and it’s going to cost you something. AND you are worth fulfilling whatever your destiny is!!!

But here’s the thing-your destiny doesn’t just happen; you have to go get it.

When I say you have to go get it, I don’t mean what most people hear. I don’t mean you have to sacrifice countless hours, stay up all hours of the night, work nights and weekends, or give up spending time with your family.

You’re in for a fight! A fight to come to the realization that your destiny is mostly a fight with yourself and your brain.

There are two reasons people fall short of fulfilling their destinies.

  1. Past pain or failure
  2. A little taste of success

Let’s look a little further.

Past Pain and Failure

Somewhere in the past, you have been rejected or have failed. Those rejections and failures have created pain triggers to help avoid pain in the future. When we experience pain, whether it’s physical or emotional, our brains trigger to avoid (at all costs) to never experience the same pain again.

Here’s the problem, most of the pain or failure we experience is false pain or fear.

You see, if we were cavewomen in the Stone Age, this kind of protective mechanism would work perfectly. It would work because human beings’ survival was a literal threat-survival of the fittest!

In this modern world, today’s threats are not actually threatening our survival-BUT our brains don’t distinguish between an actual threat and a perceived threat. Instead, our brains create a protective response that now no longer serves us.

Understanding this mechanism allows us to recognize the fear and apply an informed view of what is real and what is perceived.

Fear and failure don’t have to define you.

You can see the fear for what it is and then make a choice to move forward of your own free will. Or in the case of failure, recognize where you fell short, leverage the learning opportunities, and grow from what you learned from where you failed.

The second reason we fall short of fulfilling our destinies is due to a little bit of success.

Have you ever reached a goal and then celebrated a little too long? Maybe you stopped doing what was working that helped you reach your goal in the first place. Then the success starts to dwindle, or the momentum begins to taper off. We can definitely see this tendency with losing weight. Once you reach your weight loss goal, it’s like, “Hey, let’s eat cake to celebrate!” But, unfortunately, the tendency is not to keep doing what worked-even though that is precisely what we need to do.

You are only ever-expanding or shrinking in your abilities.

The minute you have a win, celebrate and reward yourself for the success!!!! And then look at this new accomplishment and see where you want to keep expanding and then take action. Otherwise, if you don’t keep growing where you are, you will take the proverbial two steps backward.

As human beings, we are only really afraid of two things; falling and loud noises. Everything else is learned and not real.

Mind Masters in You

Despite your past, you have a future!!

Don’t lose the heart to fight. Doesn’t the fight sometimes take the wind out of your sails? Sometimes that fight is hard to get going. There may not be anything inspiring initially. Or maybe you muster your anger to get you moving forward. Instead of waiting to get the wind back in your sails, TAKE ACTION and move that wind yourself.

Look at the size of the possibility of what could be. You have to want your destiny badly enough. Reflect on what you HAVE accomplished so far and stop focusing on the obstacles.

When your faith is fading, and you feel like quitting:

Focus on the blessings. Gratitude is a powerful tool. It frames the way you view the world. So does dwelling on the obstacles. So prioritize which is more productive for you-dwelling on what is in your way or being grateful for what you have now so that it creates space to receive more blessings in the future?

And then, call out what you are fighting for. I was tired of sacrificing my success for my family and my family for success. So, I declared war on the notion that I could fulfill my destiny or have financial freedom but not both.

My view was completely setting me up for only having success or family.

Every day, I make a conscious decision that I can have a successful business doing what I love and be the mom and wife I want to be, despite what others and society say.

What is your destiny? Your destiny is worth the fight!

If you want to dig deeper into how you can accomplish your destiny, schedule a discovery call with me!

Business Can Be Scary

mind masters

Have you noticed not everyone has their own business?

Taking the leap and creating a business can be a scary thing. It’s not for the faint of heart. Maybe it was an exciting leap at first, but after you jumped, did it turned out the way you pictured it?

 I spent a lot of time wishing to transition into a full-time business, to quit my day job, but I was too scared to take the plunge with all the financial responsibilities I had; mortgage, young kids, bills. Was it a good idea to leave the “stability” of being an employee? Whether you’re an employee or an employer, neither is guaranteed to be stable. Many of us have found that out, especially during the recent pandemic.

What I learned was, while I was wasting time trying to have a stable income and play it safe, it cost me my happiness and creativity. Looking back, I wished I had leaped sooner into entrepreneurship. I watched Steve Harvey speak during a break hosting the Family Feud. He said, “Once you take the leap, your parachute will open. It may not open right away. You may get scraped up a bit as you fall, but your parachute will eventually open.” When I look back now, taking that leap into entrepreneurship was the best decision I could have made. I have designed a business around my values, family and creating new ways to serve my clients better.

Is Fear Holding You Back?

What is holding you back from starting a business or taking your business to a whole new level? Maybe you don’t know what is holding you back.

To push forward and become a successful business owner, I had to reach out to the many support resources available for small businesses. The Lady Boss Lab has become one of those valuable resources. We enable business owners to come together each week to share challenges and brainstorm solutions from like-minded entrepreneurs. We help you focus and hold you accountable for taking critical actions every week to have the success you work too hard to achieve.

Still not convinced that fear doesn’t have to stop you? Then visit my website to read about 5 Ways to Deal with Fear.

Feeling fearless, but know you need support to grow your business? ARE YOU READY? Schedule your complimentary consultation today!