Summary of Business Pathfinder Podcast Episode: Ep. 41: Financial Clarity, Self-Esteem and Confidence
— Description —
Kristen, a divorcee looking to boost her income, seeks advice on tracking business and personal expenses, setting financial goals, and addressing deep-rooted beliefs She emphasizes the interconnectedness of personal and business life and the need to set boundaries with clients, manage stress, and track competitors' prices for accurate pricing Charging what one's time and energy are worth, being transparent about additional fees, and making notes visible are highlighted as essential for business success
Kristen's vulnerability in the coaching session resonates with pet business owners, addressing challenges with tracking numbers, low self-esteem, and the urgency to increase earnings Listeners can find updates and coaching opportunities on kristenmorrison.com/podcast41.
Ep. 41: Financial Clarity, Self-Esteem and Confidence
Key Takeaways
- Kristen needs to increase her income after her divorce and should track her business and personal expenses.
- Setting clear financial goals and addressing deep-rooted beliefs are crucial for financial success.
- Recognizing the interconnectedness of personal and business life can lead to positive changes in business.
- It's important to set boundaries with clients, address personal stress, and track competitors' prices for accurate pricing.
- Charging what one's time and energy are worth, being upfront about additional fees, and making notes visible for attention are essential for business success.
Take Control of Your Finances
- Kristen needs to make more money in her dog boarding business to support herself after her divorce. She needs to get clear about her monthly expenses and how much she needs to make each month. They discuss ways for Kristen to begin tracking her business and personal numbers. Kristen's self-esteem and confidence are being affected by her past relationship, impacting her business and personal life.
Take Action and Set Goals
- Kristen emphasizes the importance of taking action and setting clear financial goals. She advises tracking both business and personal expenses to gain clarity on monthly expenses. Kristen recommends setting stretch goals and continuously expanding them as the business grows. She highlights the significance of beliefs and mindset in achieving financial success.
Recognize Deep-Rooted Beliefs Impact
- Kristen emphasizes the importance of recognizing and addressing deep-rooted beliefs that may have originated in childhood, as they can significantly impact personal and professional life.
- She highlights the interconnectedness of personal and business life, stressing that making shifts in personal life can lead to positive changes in business.
- Kristen encourages setting boundaries with clients and being aware of subtle put-downs, as well as recognizing the power of personal shifts and the freedom that comes with it.
Addressing Stress: Crucial Conversations Needed
- Kristen suggests discussing another situation that has caused stress or anxiety.
- She emphasizes the importance of addressing these 'fires' that weigh you down.
- Kristen expresses concern about the low levels and lack of location information.
Charge What You're Worth
- Kristen recommends creating a spreadsheet of competitors' prices in the same area to determine accurate pricing for services.
- She advises against offering all-inclusive rates and suggests charging extra for additional services like medication, additional animals, and plant watering.
- Kristen emphasizes the importance of charging what one's time and energy are worth to avoid devaluing oneself and the business.
- She encourages being upfront about additional fees and adjusting prices if the service requires more time and energy than initially quoted.
Make Your Notes Visible, Now!
- Kristen recommends putting the notes where they can be seen, not just keeping them in a notebook.
- The notes should be visible to call for attention and help create change.
Kristen's Vulnerability Resonated with Pet Business Owners
- Kristen showed vulnerability in the coaching session, which resonated with many pet business owners.
- The session addressed challenges with tracking numbers, low self-esteem, and the desperation to increase earnings quickly.
- Listeners can find an update about Kristen and explore coaching opportunities on kristenmorrison.com/podcast41.