Why having an abundant mindset is good for business

In today’s episode of the podcast I talk all about money mindset and how important this is as a business owner. I also give you an activity to do that may help your money mindset! KEY TAKEAWAYS COVERED IN THE PODCAST Your money mindset can have a big impact on your business.A scarcity mindset: You are scrambling around to make money, you are worrying about paying bills, you worry there is never enough, you say you can’t afford it, you are jealous of those who have more, you worry about competitors, you are scared of change, you believe there is only so much, you hope others will fail and you don’t set any goals.An abundant mindset: You are grateful for everything, you notice the small things, you cheer others on because you know there is enough to go round, you are willing to take risks, you are generous, you want to learn more, you know there will always be more, you think big and set goals, you share your knowledge, you are inspired by others ahead of you and you believe there is enough for everyone.The activity – make a list of the negative thoughts you have around money, then re-write those negative thoughts into better thoughts. Think about what you would say instead. Write down 3 things that could make you feel abundant. THE ONE THING YOU NEED TO REMEMBER ABOVE ALL ELSE… Keep that abundant mindset – it really will help you and your business. HIGHLIGHTS YOU SIMPLY CAN’T MISS Why is money mindset important? 03:20Scarcity vs Abundance 04:16Money mindset activity 10:55 Transcript Below Hello and welcome to this week's episode of the podcast. How are you doing? So we are nearly at the end of the summer holidays. In fact, if you're listening to this, as it comes out, we've probably got about a week left. And although I love my daughter and my stepson. I'll be very glad when they're at school and the house is a bit quieter and I can crack on a bit. That will be great. How have you managed? It's-it's hard. Like it's really hard trying to do all the things and not trying to shout at them on a minutely basis. It's really difficult. So like I said, I formally be quite glad that they are back at school and I'm confident that you might feel that way too. Okay. So today we're going to be talking about money. And specifically your thoughts around it. So I have, I guess I didn't really think about money in the way I think about it now. Definitely not. I think, I didn't think it was important when I started my business. I saw it as a very practical thing. You know, I asked for money, people give it me if they have my service and I didn't think much about money mindset. In fact, I didn't even know it was a thing if I'm honest. And over the last few years, five, six years, I've been doing more and more and more work on it. And now I feel like I'm really happy with my mindset around money and actually the difference it's made to me and my business has been quite significant. So even though I am not the world's expert on a money mindset, and actually that's on my list of amazing people to get on is someone who can talk about money. I do want to take you through a session that I did at last, at the last SOAR I did, which was in June. I think. We do one in November as well, which is coming up and in a few weeks time, the cart will open again for the Academy for only like four days. So obviously if you get to join then you get to do the November event. So this is one of the activities we did in the event. The event, isn't like, it's not like an event where I bring speakers and you just sit into some speakers all day. It's a really practical event. I do bring speakers, amazing and different speakers that you don't find everywhere else. And my sessions are all around doing practical stuff. So I did this whole session on money mindset because having done all the work I've done doing all the coaching I do in the Academy. I can really see that sometimes this really holds people back. So I want to just go through this activity with you today, if that's okay. And it's just something that you can think about. If you've got a pen and paper and you wanna write down. Then cool. Great. But it's certainly something that you can think about as we're, as you're listening to this, if you're driving or as I do often listen to stuff, when I'm doing my makeup or whatever you're doing, so you'll be able to do it. So don't panic. So firstly, why, why do we even need to think about this? And I think it's really, really important because actually, like I said, it can have some really big impacts on your business. If you don't have the right mindset around money. It's like, so like the mindset thing, we know how important it is, but just the other week I was having a call with one of my Academy members and they were talking about the fact of, they thought they were all full on rubbish. You know, business wasn't very good. And they obviously weren't very good because of the fact that they haven't got the customers coming in. I had to have a real sort of discussion with them and say, just because you don't have a customer at the moment does not mean that you are all those things. And it kind of tips back to that whole mindset thing. If you're thinking in a certain way, You're going to attract more of it. And if you're thinking in a negative way, you might attract more of that. So I just think it's nice to think about money in a good way. Anyway, I'm rumbling. So let me get to the point. So the first thing I got them to do was to think about what their thoughts were around money. Did they have a scarcity mindset or an abundant mindset? So if you have a scarcity mindset, which I definitely had, and I was definitely brought up in this environment, then you think these kinds of things. You're scrambling around to make money. You stress about paying the bills. You worry, there's never enough. Like, you know, there won't be enough business. There won't be enough customers. There's too many competition. You say we can't afford it. And just even words, I know it sounds really like you might listen to this thing and, "Well yeah, we can't afford that thing." Just even saying that sometimes can have like a trigger in your brain that's like, it kind of says, "Well I'm never going to be able to afford it." but it might be, I just can't afford it right now, or I haven't got the money for it right now, but I'm going to see how I can. You're jealous when people have more, although ever since I read it, We Should All Be Millionaires with Rachel Rodgers. She actually frames jealousy in another way. As like almost a motivator or knowing what you want in the world. So when you see someone like, I dunno, I was gonna say driving a Ferrari, but I'm not jealous about that. I think I've thought for, they're not built for me. I'm trying to get in and out of one of them in my size had just been absolute nightmare. So, but like, let's say. You know, garden envy, someone's got a humongous garden or they've got a huge team or whatever, whatever, if I'm jealous at that, then that's kind of, she frames it as a good thing. Cause it's like, well, that's what you're trying to aim for. That's what you're trying to go for. Being jealous where it's like, I'm just trying to think. Annoyed or a bit bitter about it. I think that's the scarcity thing. Worrying about your competitors, thinking, you know, well, they're doing it. Now I'm not going to have a business course with change. So you might not want to change and flex as often because you're scared of what's going to happen. Believes there's only so much. So have you ever liked. Oh, this happened to me. I would have plans to launch the Academy and I found out that a potential competitor was launching at the same time. And I thought, what an absolute nightmare, like, you know, that's it now it's going to ruin my launch. And actually that's the scarcity mindset of there's only so much, you know, rather than thinking there's plenty to go around with. You know, we'll be absolutely fine. I hope that others will fail that you look at others and think "Nice one. Let's hope they don't get many members because that means I get more and not setting any goals." So I'm interested to, you know, as you were listening to me, go through those points, whether you're sat there going, "Yeah I can see myself doing that." because I totally could. Now, given all the work I've done, I then now try to practice an abundant mindset. So this is the kind of things that you would think about or do if you were trying to be abundant. So the first thing is grateful of everything and I am like crazy grateful of the smallest and the biggest and the teeniest things like going and getting tomatoes off my plan. That is just like the best thing in the world. Driving a really fancy car is really nice as well. I'm very grateful for all of it. So when you start looking at gratitude, it's really hard to be have a scarcity mindset when you have gratitude, you know, because you're so grateful for everything. I mean, as I'm recording this now that the world, well, the world has been a bit crazy generally, but obviously everything's going on in Afghanistan. And, and because my husband was in the military and has been there hundreds and hundreds of times, and he knows lots of people who were still going back in and trying to