Financial stress is common among entrepreneurs and self employed people as they struggle with money and the launch of their business ventures. Sadly, most people start business believing that they can succeed on the strength of their ideas, products, services withouthaving the competence and skills to manage their money wisely as a business owner.
Most entrepreneurs are not aware that being financially savvy is an important skill for them to create a thriving business. Not knowing this, many entrepreneurs start their businesses with a fundamental lack of understanding of what it means to create and generate a thriving business, the skills that are required, and the depth to which those capacities need to be developed.
What about you? Do you believe in the power of financial awareness? In our view, financial awareness is an essential life skill. In fact, being financially aware and savvy in today’s world is almost as important as learning to read and write. Just imagine what your business and your life would be like if you began to generate your business with financial awareness. This is truly possible—except you have to be willing to change and acquire that essential skill.
To give your business venture the best shot at surviving long-term, you need to be financially aware and savvy.
If you are having “problems with money,” it’s not the money; it’s your inability to stay on top of your finances and your unwillingness to be financially aware. This is what creates the “money problem.” In fact, if you are having problems with your business, your finances and in any area of your life, it’s what you are unwilling, or unable, or refusing to be and do different that is actually creating the difficulty for you. What if there's a different possibility for the creation of your business. And there is!
To prosper and thrive as an entrepreneur you have to make a choice to be financially aware. You have to take the time to educate yourself about how money and finance works, how to deal with money, how to grow money with ease, and how to use it to generate different possibilities for you and for the world. Not getting around to becoming aware of your financial situation will always cost you in the long run.