Get a Money Guidance System

HTML clipboard

Your personal attitude toward money will impact both your personal and
business finances. I work with many businesses and find that if an owner's
personal finances include savings, emergency funds and positive cash flow, her
business finances tend to be in alignment. She'll have enough working capital in
cash plus extra savings. However, if she has personal debt, her business will
also be in debt.

So how can you improve your current personal financial situation and thereby help your business finances? Go back in time and find out whether "money wounds" are blocking your wealth opportunities.

"Money belief systems were developed since childhood and later became money
wounds," says Jaden
Sterling, a wealth guru who owns many successful businesses and has helped
many people manifest wealth. "The universe brings us abundant opportunities,
saying yes to opportunities that are in alignment with your passion," Sterling
says. Sterling relies on what he calls his Inner Guidance System.

"Many opportunities come to me," he says. "Will they meet my three criteria?"
He defines his criteria as:

Will it make a positive impact on others?
Can I make a lot of money from it?
Can I have fun doing it?

"This Inner Guidance System provides the experience in balance between giving
and receiving," Sterling says. "When you become panicked or fearful of the
economy, stock market or government bailout, your emotional state actually
blocks the opportunities that are coming to you."

Obviously, removing money wounds takes time and persistence. So you wonder whether
you can cure yours. Perhaps the opportunities are already in front
of you; you just don't know where to begin.

To prevent blocking the money opportunity coming to your business, consider
the following:

Pay yourself, the owner, at market rate and on a regular basis. You
pay every vendor, employee and everyone else except yourself equitably. You
wait until your business cash flow turns and then pay yourself a big check.
Unfortunately, you're telling the universe that you don't need money.
Don't be a bank for your customers. If your customers or clients are
not paying after you send an invoice, pick up the phone and call. Don't let
them use you as a bank to finance their purchase, especially the invoices
that haven't been paid after more than 30 days. You also have to be aware that it's been
more than 30 days. Monitor your aging accounts receivables regularly, and
make calls to resolve overdue accounts quickly. Don't tell the universe
otherwise.
Don't act as your own bank for your business. You put your own house on
the line when your business needs working capital, because it's easy. Don't. Your
business needs to be self-sufficient, with its own working capital. Set a
goal to achieve that; the universe will provide.
Don't chase a fantasy. You may not even know that you're not making
any profit. Regularly examine your financial status and cut loose any areas
that aren't profitable.
Give up unnecessary material things. Don't let material things
define your social status. You might look great and feel good driving a BMW
650i; but if you can't afford it, it can create unnecessary stress for you,
your family and your business. Be true to yourself.

Money is an integral part of your business. You need to demand proper return
on your investment, which will have a direct impact on your personal finances.
To get the money you need flowing into your business, align with your own Inner
Guidance System, or use Sterling's method. Don't let money wounds block the
opportunities coming to you.