Do What You Love AND Make Money

Posted on September 04, 2012 by Beate Chelette, One of Thousands of Entrepreneurship Coaches on Noomii.

Wouldn’t it be nice if we could do what we love and money would flow automatically?
It actually can do this and it will, but not entirely by itself. An extra step is needed. Money comes around when it is actively pursued and it doesn’t when you neglect to do so.

Let’s take a closer look at how making money fits into the day to day planning by the example of the average entrepreneurial business owner. Most of you have figured it out, but there is still a difference between getting something done and generating income. Let’s look at why that is.

Many of my private clients are creative entrepreneurs, professional photographers and designers who traditionally can and often do have a tumultuous relationship with money and don’t like dealing with it – period. They tend to look at their work as an art form and not a business entity. Being creative means being in it for the art, the expression and the passion. Sound familiar? Only problem is: passion doesn’t pay the bills, money does. Again, this is not news to you, but the following may be. the following may be.

Your attitude about money has a huge impact on your cash flow and bottom line. Do you think rich or do you have a poor me outlook? A rich man or woman’s mindset isn’t just about taking pride in your work, but also allowing your gifts and talents to bless you in a monetary sense. If you are passionate and proud of your work, then shouldn’t you deserve to be adequately and richly compensated? When I heard famous Jack Canfield, the co-founder of the most successful book series “Chicken Soup” speak once, he pulled a stack of dollar bills out of his pocket and showed it to the audience. He told us that he needed to feel the stash of cash in his pocket to create that sense of feeling rich! I loved it. What is it going to take for you to walk around feeling “rich?” This is interesting: Common characteristics of successful entrepreneurs. http://goo.gl/k5ZV7

Tips to help you get there:

• Planning is key. Even if you start small, and your numbers are far from thrilling, get them down on paper, in a spreadsheet. What do you want your income to be in the coming months and years?

• Examine your current set of numbers and figure out which aspects of your business are making or losing money. Concentrate on the area that generates most of your revenue, and then double and triple your efforts where they will produce the most money. This is also known as the fastest way to the cash.

• Determine if your business is the real thing or a hobby. When you start a business, you generally have two to three years to get it to the break-even point and then generate a profit. If it isn’t doing that after three years, it’s considered a hobby.

• Remember, mind your mindset. Be so into what you do, and deliver such Class A service, that your clients or customers won’t even imagine going to anyone but you, because you take such pride in your work and do a great job.

Allow money to flow in. It often helps if you replace a negative thought, maybe it’s being broke, with a simple statement of wealth: I am wealthy in every way and I enjoy my financial success. Keep thinking this way and you will be closer to reaching your goals!

Beate Chelette is a respected career coach, consummate entrepreneur and founder of The Women’s Code, a unique guide to personal and career success that offers a new code of conduct for today’s business, private and digital world. Determined to build a community of women helping each other, after selling one of her companies, BeateWorks, to Bill Gates in 2006 for millions of dollars, Beate created The Women’s Code. In February 2012, to reach women everywhere, Beate launched The Women’s Code Online course. http://beatechelette.com/the-womens-code