How many times have you wanted to invest in a coaching program, but the first thought that entered your mind was, “I don’t have the money”? This is an automatic response that usually has nothing to do with money. It usually has to do with thoughts of lack, scarcity, that there ‘won’t be enough.’
The problem with this scarcity thinking is it prevents you from making decisions and taking required steps that will move you and your business forward, keeping you stuck right where you are, and actually putting you in an even worse position over time.
The truth is you probably do have enough money in your world to invest in yourself (hooray!), and get the coaching, support, and accountability you need to move your business forward.
Here are 10 places to look to find the money you need so you can invest in you, and your business, and achieve your income goals.
1. Business loan
Even though banks aren’t lending business loans as freely as they once did for small business entrepreneurs, some lending organizations are. ACCION is a microloan lender, offering loans ranging from $200 to $25,000, even for start-ups. They also have very flexible payment terms, and will work with you to creatively “go the extra mile” above and what banks will do to finance your loan.
2. Business loan from family and friends
One of the best sources of startup or expansion capital. Think about people in your life who care about you, and want to see you succeed. Reach out to them, and share your business plan.
3. Part-Time Job
Getting a part-time job to fund your dream is nothing to shy away from, or be ashamed of. You’re “doing what it takes” to get the seed money you need to start or grow your business. ALL businesses need investment to start and grow. It is impossible to grow a business without investing money in it. Period.
4. 401ks and other investments
There may be ways to get money out of your 401k to fund your business without suffering a penalty. Do the research, and ask your accountant about the rules. Taking money out of your 401k is an investment in YOU.
5. Create a program and sell it
When I invested in a 5-figure program a few months ago, I was immediately motivated to create a program and get new clients. I can honestly tell you I may not have been as motivated had I NOT invested the money. The result: I created the most money I’d ever created in 5 week’s time—$28,000.
When you invest at a certain level, you can then CHARGE at a higher level immediately. This is an immediate boost to your fees and income!
6. Low interest credit cards
Credit is not bad if it is managed properly. Low interest credit cards can be a very good way to finance an investment in your business. Again, have a plan to turn your investment into income, and pay back the loan as quickly as possible.
7. Sell your stuff
Do you have things you’re storing away and keeping that can be turned into cash? It’s not uncommon for people to sell old cars, jewelry, and other items on eBay. You can always create the money for a new “stuff.” You can never get back time wasted and income opportunities lost.
8. Home equity line of credit
If you have equity in your home, this is another option to get the money you need to fund an investment.
9. Streamline your budget
Take a look at your budget, look at your current spending, and decide what can be shifted around. Redirect the money you’re spending to higher priorities, such as investing in yourself.
10. Say “yes” to yourself
Decide to invest in yourself. Once you do, the WAY about how you will make the money to fund your investment will become clear to you. Getting the coaching you need will help you find the way.
Get connected to the TRUE cost of thinking you don’t have the money to invest in yourself.
Time is a non-renewable resource. When it’s gone, it’s gone. Which means when you give in to scarcity-based thinking that you don’t have the money to invest in yourself, you are giving away your dream.
Say “yes” to yourself and create a 6-figure business in 12 months or less. To inquire about private 1-on-1 coaching with me contact me at http://www.bonitarichter.com/contact.