Given this, it’s only natural that advice on how to handle small biz finances varies widely and, at times, can be completely contradicting.
Tell us if you’ve heard any of this:
- Save for a rainy day.
- You have to spend money to make money. Invest in yourself.
- Your day job is stunting your growth potential - you could be making 6 figures this year!
- Don’t quit your day job just yet - you’ve gotta crawl before you can walk.
- You have to pay your dues and take sliding scale for a while.
- You’re not making any money because you have scarcity mindset.
- Be realistic.
The deal is, all of these statements have some truth to them. They aren’t inherently bad and we’re not here to make them wrong.
However, context is important. Do you have a day job? Does your day job take too much from you? Licensed? Earned enough stripes even if not quite licensed? Got a partner that can support you? Or, are you the breadwinner? Got debt? Children or furbabies rely on you?
Why is all advice to all or nothing? No situation is inherently going to make or break your launch into private practice, however they will inform how you go about this. What's important is that you find the path true to you and your context! Thus, tools that empower you to find YOUR middle path between all these pieces of advice is what’s often needed.
Without the right tools, we struggle to make our own, unique, thoughtful decisions. In that space, we may freeze altogether and not do anything. Or, we put ourselves in in situations, financially and otherwise, that we really wouldn’t have signed up for.
And, you know how stress kills a sex life? Well, financial crisis will kill all kinds of business mojo that you need to make this work - creativity to market and groundedness to interact with other human beings. Freaking out about money will ruin your ability to keep clients, confidently market yourself and build your business authentically.
That’s a big deal in this line of work as a wellness solopreneur, no? Lucky for you, we have just what you need to own your finances and make YOUR OWN money decisions like a boss.
Sign up for the newsletter (top of the page) to get all the details on our October Money + Style Workshop. We are thrilled to share all our secrets with you!