Chances are you have got quite a story to tell when it comes to money… you just may not know it yet. The money story of an entrepreneur or business owner is what identifies his or her relationship with finances. It determines how you feel about money, your money beliefs, and how you go about using your money.
Believe it or not, your history with money could very well be what is holding your business back from reaching its full potential. For example, if you experienced tumultuous times due to a “bad economy” or an industry disruption, you are probably more likely to invest wisely and carefully. On the other hand, if money was never an issue for your family growing up, you may be more inclined to carelessly invest. Though neither position is necessarily bad, it is ideal to look at finances with a healthy attitude and balanced outlook. Here are a couple of ways you can rewrite your money story in order to set yourself up for success.
- Simplify Your Story into a Single Sentence. The easiest way to identify your overall money background is to condense everything into just one sentence, phrase, or tagline.
- Answer Some Important Money Questions. You will also want to think back to figure out how your story came to be. Recall how you first learned about money, got your first job, etc.
- Make a Short List of your Money Negatives. Next, write down all the negative feelings or beliefs you have about money. Establishing the negatives allows you to focus on the areas that need repair.
Rewriting your money story is all about finding out how you got to where you are today. When you figure that out, you will know what changes need to be made. If you need help figuring out your money story and determining the best next steps for your business, Kickstart Accounting, Inc. is here to help. Please contact us at Danielle@kickstartaccountinginc.com to get started today!