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How to stop money drains: 4 Step Formula

Guest post by: Monique MacKinnon

Article Overview: Learn how to locate and patch up your business’ money leaks. Make the most of this possibly touchy situation to invite an increased flow of money into your business.

How to stop money drains: 4 Step Formula

If money is not easily and abundantly flowing into your business and life, then you have a money-leaks problem on your hands. If money leaves you as quickly as it comes in, then this is a manifestation of the same problem. The good news is, once you strengthen your money boundaries, you will attract and keep more money. Are you ready? Good! For each statement below, rate yourself using a scale of 1 to 5, where 1 is not at all, 5 is absolutely, and "NA" is not applicable.

1. I am discounting my services.

2. I am giving away far too much for too little of a price point.

3. I am letting clients slide on making their payments.

4. I am offering full payment options that are not enticing enough to motivate clients to pay in full.

5. I am late in paying my suppliers or vendors.

6. I am late in invoicing my clients.

7. I am canceling out of programs because I am thinking: “I do not currently have the money”.

8. I am canceling out of networking events too late and for this reason having to pay a no-show fee.

9. I am not supplying and asking my clients to sign a written agreement before I start working with them.

10. I am not speaking with my clients if and when there is a problem with their payment, no matter how big or small it may be.

What the above statements relating to business boundaries have in common is they all say this: “I am not worth charging more or worth keeping what I make”. So, do not let these money leaks sneak up on you, okay! In fact, patching up these money leaks now, along with implementing marketing strategies that are aligned with your life purpose and who you are mean to serve (i.e. your niche), will pay off in the short and long run: both on a practical and energetic level, respectively, by: (1) immediately bringing you more cash; and (2) creating a powerful, authentic energetic alignment with money – with clear, strong money boundaries – that will result in you more easily and naturally attracting more of this “good stuff” into your business and personal life.

Patch Money Leaks: 4 Step Formula

Step 1- Write down the statements that you rated a 3, 4 or 5, and decide which one you want and are willing to address from today until one month from now.

Step 2- Share your intention with your business coach, partner, or a close colleague, and ask them to be your accountability partner.

Step 3- Write down what the (a) worst thing and (b) best thing that you happen from patching up this particular money leak.

Step 4- Fully and actively commit to resolving this problem.

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Article Tags: drains, financial abundance, money boundaries, money fears, money leaks
Referred by: http://www.prostrategies.com



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