There's so much financial flux going on. I see many of you looking for opportunities in this changing economic world, which is why I'm focusing this show on how to make money quickly - the legitimate way.
Your Homework to Make Money
I'm going to start giving homework on these podcast episodes. I want you to think about the big problems being created right now? With everything we have going on, what kind of work experience and toolset do I have that can help others solve their problems? Create a set of solutions to three issues that you're seeing. Get creative, start brainstorming, and work through your list of ideas.
Once you've made a list of solutions, make sure to check out our class, How to Start a Coaching Business in 2020.
Listen in to find out:
For more information, visit the show notes at https://www.amandaabella.com/how-to-make-money-quickly-the-legit-way
There is a time and a place to use debt. Besides buying a home and student loans, debt can constructively be used to make a calculated move in your business.
Let's stop listening to society about debt. Clearly, society doesn't know what it's doing, and that's why so many people have problems. Another false belief is that we think our entire lives revolve around our credit score. Although this is an integral part of your financial life, it's not your whole economic life.
What I Learned From Paying Off All My Debt
I was the person who would try and pay off all my debt in full every month. However, I didn't leave with myself with enough cash. And let me tell you when shit hits the fan, money is what's king, and cash is what matters. My lesson that I learned is that cash flow is more critical than your debt.
We're taught to pay off debt and to rid yourself of the shame of being in debt. So we use self-inflicted torture, such as eating rice and beans, to save as much money as we can to pay off our debt.
Listen in to find out:
For more information, visit the show notes at https://www.amandaabella.com/your-debt-repayment-plan-is-ass-backward
Certain aspects of building a business seem like they're very far away. However, you want to start thinking about these business elements to avoid problems and mistakes down the road. The earlier you start being proactive about specific business areas, the better off you will be in the long term.
Moving from self-employed to business owner and CEO is a transition of epic momentum, process, and energy. When done correctly, with the right mindset, it will set you up for ultimate business success.
Getting Into a CEO Mindset
I was getting into that CEO mindset, learning to leverage systems, my knowledge, and people.
When I created content for myself full-time instead of creating content for others, I ended up benefiting by making more money for myself than I did making content for other businesses. That was a switch - to build a business model that gave me more time.
Listen in to find out:
For more information, visit the show notes at https://www.amandaabella.com/self-employed-to-ceo
You may know someone who has become a coach because they've given others advice and are good at it. They may have fallen into coaching or consulting, and now they are trying to figure out how to make this a sustainable business. They may be trying to figure out how to build their online presence.
Many people join my Persuade to Profit program when they reach this spot. When they join, I hear many stories from what they've encountered with previous programs online. I listened to a story from a new member this morning, where she was a part of another business training program, and the sales tactics that they were teaching her were all about manipulation.
Why You Should Take Money Seriously
From the beginning, people are in business to make money, period! Some people get mad when I tell them they have to make money. I run a business, and I plan on helping a ton of people, which requires many resources. It would be best if you thought about this big picture from the beginning of your enterprise.
Many people do their business because they like it, but that's not a business. That's more of a hobby. So do you have an expensive hobby, or do you have a company? If you have a business, there is a focus on money and revenue.
I want you to start thinking about what types of resources you are going to need for the future because I want you to avoid problems in the future. I want you to start thinking about pricing yourself for profitability from the beginning.
Listen in to find out:
For more information, visit the show notes at https://www.amandaabella.com/entrepreneur-baby-steps-to-scaling-your-business
If you've built a "successful business," and you are working 24 seven, have no time to yourself, and can't even pay yourself a salary, something is off. I have multiple six-figure businesses that are scaling to seven. Even though we're making the same amount of money, I'm working fewer hours. I pay myself a salary.
Listen in to find out:
For more information, visit the show notes at https://www.amandaabella.com/your-business-isnt-successful-if-you-cant-pay-yourself