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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.

Are you a woman entrepreneur investing a lot of time in your business, yet, feel you earn too little money for this effort? 

If so, you’re not alone.  To get your income to the break through 6 figures—where you’re consistently earning 5 figures of income per month— all you need to do is make a few simple changes.

1. Raise Your Fees

There are three ways you can make more money in your business:

1)      Serve more people

2)      Increase the number of buying transactions per person

3)      Raise your fees

The fastest way to increase your income is to raise your fees.

How much can you raise them?  I advise my clients to initially raise their fees 20% to 40% immediately.  How much you raise them depends on your current fees, as well as your own comfort level.

Here’s a great tip: if you raise your fees 20% right now, no one will probably notice, and you’ve just given yourself a 20% raise!

2. Package Your Services into High-Value “Platinum Style” Programs

There are still many women coaches and consultants selling their time ‘by the hour.’

Granted, some services are commonly sold this way.  However, from my experience, there is an opportunity to sell your services as a high value package 80% of the time.  This moves you away from charging by the hour, and increases your fees and income.

3. Design a New High Income Business Model

I promised you 5 ways to make 5 figures every month.

Here are 5 examples of business models you can use to earn 5 figures (or more), getting you to the 6 figure yearly income mark  (while making more money per hour and working less time)

1) Get 5 new VIP Day clients @ $2,000 each

2) Host a VIP Day Workshop and enroll 10 clients @ $1,000 each

2) Get 2 new 6-Month Private Platinum Clients @ $5,000 each

3) Get 1 new 12-Month Private Platinum Client @ $10,000 each

4) Get 2 90-Day Private Platinum Clients @ $2,500 and 1 6-Month Private Platinum Client @ $5,000 each

These are examples of business models that are perfect if you are just starting out offering high-end programs.  The fees are also extremely doable!  Very quickly, you will want to raise your fees from the guidelines I’ve given you.

As your business grows you can leverage your offers, help more people, and increase your income even higher.

Which is your favorite model?

Choose one and implement it today to begin earning 5 figures in your business each and every month!

When I first decided to expand my business online, I knew I needed help. 

I researched and learned all I could on my own, and made progress.  But, it took a lot of time learning everything on my own, and I knew I was missing some key pieces of information.  I wasn’t sure if I was doing the steps I knew about in the right order.  I became so confused!

It didn’t take long (about two months) before I decided I needed to shorten my learning curve so I could get my business growing faster, and with less frustration.

I knew I needed to get help from someone who could guide me, and show me the shortest path how to generate business online—someone who had been where I was now, had successfully navigated through the challenges, and could show me how to do it, too.

After researching all my options, I decided to invest in a coaching program that offered a complete step-by-step system about how to start/expand a business online.  I was ready to get help!

When I saw the investment in the program, I gulped.  I had never spent that much money on a program before.  But, I signed up, and enthusiastically and completely participated.  I completed all the reading and homework assignments.  Within 90 days, I created a ‘one-banana’ website, launched my first information product, and started building a list of qualified prospects online.

Was the investment in the program worth it?  You bet!  It saved me hours of time and frustration.  I was able to launch my online business faster, and within a few weeks, was creating income online.  By not investing in this coaching program I would never have been able to be successful, I am convinced of that just knowing what I learned from the program.

Since then, I have continued to invest in coaching programs for myself, as well as attend conferences and workshops by well-known coaches and experts.  Doing this keeps my business growing faster than I could ever do on my own…as well as builds my knowledge I in turn share with my clients.  Investing in myself makes me more valuable to my clients, which increases my income.

Here are my personal, top 3 ways a coaching program can pay off for you.

Tip #1 Choose Your Coaching Program Leader Carefully

Always strive to learn from the best, and choose your coach based on their experience and successful track record.  Your coach must also get you energized, excited, and inspired, and push you beyond your comfort zone. 

They must challenge you to stretch into new levels of success, but do so in a way that feels supportive and collaborative.  To get maximum value from a coaching program, you must work with a coach who has walked the path ahead of you.

Tip #2 The Bigger the Investment, the Bigger Game You’ll Play

I’ve always invested more than I thought I could “afford” at the time.  The reason is if the amount you’re investing doesn’t make you gulp (at least a bit!), you won’t take the program seriously (because you have nothing to “lose”).

Imagine investing $100 in a program.  For most people, if they don’t “do the work” it’s not a big deal; $100 isn’t that much that you’ll lose any sleep.

However, imagine investing $1,000s of dollars in a coaching program.  Do you take that number more seriously?  I bet you do!  Simply put, the more you invest, the more you implement, and the more you benefit.

Your investment causes you to step up to the challenge, and courageously face blocks and obstacles that repeatedly hold you back from growing your business.  Stepping up makes you raise your fees, launch a new program you’ve been contemplating for months, and take serious steps to grow your business.

Tip #3 Be Willing To Have an Open Mind

Being flexible and having an open mind will help you be open to creativity and possibilities for your business.  We all get used to doing things the way we’ve always done them, that sometimes, we become blind to new ideas and possibilities about how to do something.

It is not unusual to start a coaching program, and come out of it with an entirely new business.

Participating in coaching programs is the SINGLE BIGGEST REASON my business has grown into a profitable business I love.

Without coaching, I know with 100% certainly my business would not be as successful. Coaching has helped my confidence soar, and I know I’m on the right path to create the life I’ve dreamed and envisioned.

Are you serious about growing your business?  If so, step up and invest in your business’ future, either through a coaching program or through purchasing an information product you’ve been contemplating.

Without exception, the most successful entrepreneurs seek guidance and advice from other successful entrepreneurs; they learn from them, and model their behavior and actions.

Time is a resource you can’t replenish.  Every day we are ALL running out of time.  My challenge to you this week is to take some time, and figure out whose help you need to help you grow your business.  What are you waiting for?

Did a coach help you?  How?  Tell our readers about your experience by posting an entry in my blog.