How to Budget your Breakthrough

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Information about How to Budget your Breakthrough
Business & Mgmt

Published on February 5, 2014

Author: StaciaPierce

Source: slideshare.net

Description

Breakthroughs usually don't 'just happen,' they're planned well in advance. Use the keys in this article to make YOUR breakthrough happen.

How to Budget your Breakthrough lifecoach2women.com /successstore/blog/how-to-budget-your-breakthrough/ My goal for my clients is to have maximum impact in the minimum amount of time. One of the ways to accomplish this is by budgeting for their breakthrough. I’m going to give you some tips and strategies that I shared with them, so that you too can increase your income. 1. Spend in t he right place. You must make sure that you’re appropriating your precious funds in the right place and on the right things. During this time you may not have a lot of discretionary funds, so make sure that you deliberately spend money where you can get a return on your investment. You may need to hire a coach so that you can have business building systems and the accountability you need to grow a successful business. Many times, people say, “Well, I can’t afford a coach.” I believe you can afford anything you want. I have seen people throughout my lifetime do some amaz ing things to get the finances that they want. From planning a wedding, to saving for a dream vacation or even to buy Christmas gifts. They go out of their way, work extra hours, get a second job just to afford what they really want. When it comes to your business, dreams and goals…you may have been putting off what you really want for so long that you deem it important enough to invest in it. Consequently as the days, weeks and years keep passing by, you’re doing nothing to make your deepest desires a reality. You lose your fire and sense of urgency to do whatever it takes to make your business dreams a reality. Take a look at your investments and determine what is important to you, write it down and commit to doing whatever it takes to achieve your truest desires. 2. Get ext ra work. Sometimes when you’re starting a business or have a business, you are just not that keen on going back to work for someone else. However, it may be good for you to get a bridge job so that you can fund your business. You may need to keep your day job for a while or get an extra one to generate the extra income you need to invest in yourself. Always remember your investment will pay you back. Once your business starts growing, you’ll start bringing in enough income to quit the bridge job. I have clients who worked extra hours or got a late night job so that they could fund their dreams. Within six months to a year’s time, they positioned themselves financially to let go of the extra job and were making more working their business full- time than they had ever been paid on a job. It’s amaz ing what happens when you have a strong desire to achieve a goal. You will do whatever it takes to get it done. 3. Wat ch what you buy. Track your spending and evaluate your purchases. Look for ways to cut out miscellaneous expenses and direct the funds into your business investment. You can also add your business investment to your budget and set aside funds weekly to a separate account. Having this separate account will help you to build funds that you can use to pay for your coaching, equipment, business materials and more. The purchases won’t put a strain on the rest of your income because it’s separate. 4. Creat e an act ion plan. Write out your business breakthrough action plan. Write down what you really want for your business. Then, write down what your business breakthrough looks like for you. Finally, write down ways to make it happen. 5. Implement Money Manif est at ion Mondays int o your weekly rout ine. Every Monday, take about 2- 3 hours to think, meditate, journaliz e and strategiz e about increase projects. Think about what you can do to make more money in your business. Once you start doing this you will begin to experience breakthrough after breakthrough because you planned to have a great week.

So those are my secrets on how to budget for a breakthrough. Let me know in the comments section below if you’re going to adopt any or all of the tips in your life. Also, I want to hear from you if this article resonates with you in any way!

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