Female Entrepreneurs Need To Know About Their Money Blueprint To Become Successful

A stable cash flow is the backbone of a female-owned business. Many females turn to entrepreneurship to follow their dream but sadly, 9 out of 10 startups fail. The main reason for this failure is not earning enough money.

You need to generate enough income out of your business to meet your expenses as well as to pay back the money to your investors. If your business is not making enough money, you would not be able to get investments. Your expenses will not be met and your business would crash. You would most likely fail as a female entrepreneur.

Another reason for failure is that money is considered a taboo topic and most women are not comfortable talking about it. According to a study, 80 percent of women admit to not discussing money-related topics with their family and friends. This is mostly because

• You feel vulnerable while discussing money-related issues
• you have a lack of confidence

But whatever the reason is, talking about money is crucial for a female entrepreneur and it should be encouraged.

How Does Your Subconscious Define Your Relationship With Money?

Your subconscious affects how you deal with money and everyone’s subconscious is different. Your habits and behaviors regarding money are determined by your money power type. There are 8 money power types. Each of them have their own strengths and weaknesses. For example, an accumulator is great with money but they are prone to being too strict with money and neglecting their basic needs.

You should be aware of your money power type to know your strengths and weaknesses. Knowing your money power type will help you make better financial decisions. Your businesses will grow rapidly and you will succeed as a female entrepreneur.

To know more about your money power type, you can consult a business coach for women. Your business coach for female entrepreneurs will also guide you on how to grow your business efficiently.

A Fool And His Money Are Soon Parted.

Money should be used cautiously. If you are someone who doesn’t think twice before spending, you would lose all the money you have. You should make good financial decisions to make the most out of the money you have. As a female entrepreneur, it is extremely important to cut down on unnecessary expenses.

Money Doesn’t Grow On Trees.

You may have heard this phrase many times in your life but what does it mean? This refers to the value of money. Earning money is not an easy task, it requires constant effort. You need to be patient. You may undergo many hardships, but you need to face and defeat them. So, you should value money and never take it for granted.

It Takes Money To Make Money.

This phrase is quite popular among investors and business owners. It means that you need to invest some money to earn money. The more you invest, the more you earn.

What You Believe Is What You Get:

Your mindset and your beliefs play a really important role in your career as a businesswoman. With the right set of beliefs and a good mindset, you will be able to make wise financial decisions and your business will flourish. For example, if you believe in the phrases “A fool and his money are soon parted” or “ It takes money to make money”, you will be subconsciously programmed to save money rather than spending it on unnecessary things. You would rather invest that saved money in your business and gain profit from it.

However, if you think money doesn’t grow on trees, you will work hard and be persistent. This will also help your business grow.

But how do you know what is a good financial mindset? Hiring a business coach for women will help you with just that. Your business coach for women will also help you build the right set of beliefs to make good decisions.

To avoid getting the wrong idea by a business coach for female entrepreneurs, you may read this blog.

Summing It Up:

Every business needs proper planning and certain skills to ensure its growth. Having a blueprint makes this process super easy. It guides you about the skills you need to have and the important steps you need to take to keep your business on track. So, knowing your blueprint is essential to keep your business going.

Many people would love to believe that money is not important for running a business. But this is far from the truth. Money is an extremely crucial part of business whether you like it or not. You need to manage your money better and generate a stable cash flow to grow your business.

To know more about how your subconscious affects your relationship with money, you should join the masterclass which is discussed below in the learn more section.

Learn More

 If you’re a female entrepreneur looking for extra knowledge and expertise look for a good business coach for women because there are many out there who never even had their own business. This advice could make or break your business.

How do you know if someone is a good business coach for women?

Check out this article about the 20 questions you should ask a business coach for female entrepreneurs.

My name is Tineke Rensen and I am a business coach for women. I host monthly masterclasses about various business topics.

The next masterclass is at 13th of April. The topic of the next masterclass will be: What is your relationship with money. You can check it out here.

 Try it out!

 For the first class, you only pay 1 euro ($1,20), so it is safe for you to check me out. Afterward, you decide if you’ve learned something and whether you want to continue to become a member for 47,- euro/month (with a lot of extra benefits). Or you move on.

 Or, if…… you want to take it a step higher and work with me one-on-one to build your one-woman gig to a proper business. Click here now to get started.

About the author:

Tineke Rensen, from Powerful Business Academy, is in business for 31 years. She built an international Outdoor and Survival business from scratch and sold this after 22 years. Tineke was a national whitewater kayaking champion.

She now is one of the most all-round business accelerators and mentors you can find. She helps businesswomen to “Scale & Grow, Make More Impact And Work Less”. There are very few topics she cannot help you with, in your business. Many people find this hard to believe, but hey how much do you think you know about scaling businesses if you live it day and night for 31 years?

Tineke created the system “A Women’s Blueprint To Business Success”. She is a multi-award winning, serial entrepreneur and she is the author of the book “Maximum Business Growth For Women”