Take Nothing for Granted

Last weekend I was visiting with my family in Quebec on the family farm.  As is tradition, we always have dessert after supper, and my son had asked for ice cream.  When he went to get it out of the freezer, it was a soupy separated mess…the very large, very old (over 50 years old) chest freezer, had finally died at some point that day.  Now normally, this wouldn’t be a big deal since my parents have 2 other somewhat large (but old) chest freezers and 3 fridges each with their own freezer compartments, and they would find room in those for the soon to be spoiled food.  But harvest season just ended, and the freezers were quite full.   It was interesting to watch as a number of family members scrambled to make room in other freezers, even next door in my brother’s freezer, and I started to think about how we just take it for granted that equipment is going to keep working (even when it’s old).

It was the same when my furnace died last winter.  Even though it was 25 years old (well past the lifespan of a furnace these days), and needed repair, I took it for granted that I’d get at least one more winter out of it.  Not so – I was forced to deal with the expense of a new furnace a year earlier than I had planned.  And my dishwasher that died this summer – 15 years old – I hadn’t planned for that, and we’ve resorted to doing dishes by hand.

We do it with our cars, our phones, our 

computers, and even our bodies.  We take it for granted that things are just going to keep working…we never think that something is going to give out, even when it’s old, and therefore don’t think about or plan for repairing or replacing it.  And when that time comes, we typically experience great stress over the hassle and cost of repairs/replacement.  One solution is to build a capital replacement reserve in your cash flow plans.

Larger businesses have policies, systems, and processes to track their capital equipment, its expected life, replacement costs and annual operating costs.  They also build up reserve funds (capital replacement funds) so that when something breaks or dies, they are prepared – they have a process and the funds to deal with those “unexpected” break-downs.  And they have similar processes for when key employees “break-down”, by ensuring that at least one other staff member is properly trained to do the job and can step in if and when needed, at least in the short term.

So what are you taking for granted in your home or business?  And what policies, systems, and processes (including financial) can you put in place to give you peace of mind and to deal with “break-downs” with greater ease and grace when they happen?

If you need assistance with your cash flow plans, send me an email…let’s see how I can help 🙂


[author] [author_image timthumb=’on’]http://54.82.103.175/wp-content/uploads/2017/06/Linda-Spencer-Visionspire-cropped.jpg[/author_image] [author_info]Linda Spencer is a CPA, CA, Canadian Tax Specialist and Money Mindfulness Coach. Her mission is to eliminate the stress and anxiety you experience around money and taxes, by empowering you with the know-how and mindsets to improve your business success and financial wellness, so you can have more harmony, joy and abundance in your life.[/author_info] [/author]

 

Are You Playing Small?

Over the last 6 months or so, I’ve heard a lot of women (and some men) in my circle lacking confidence in their fees and the value they give to their clients. This results in “chasing” revenues and profits (or chasing revenues for little to no profits), attracting clients who may not value or respect your time or gifts and likely leading to stress/burnout or giving up on your dreams. You may take what you offer for granted because it comes so easy to you (and therefore you don’t think you should charge much for it).

I find that most of these women (and men) have these things in common:
– they are most often light/energy workers, holistic practitioners, and creatives.
– they have a deep desire to be of service and help others improve their well-being (be it financial, spiritual, physical or emotional).
– they have been judged in the past for shining they’re light, being told they’re “too much” and should tone it down.
– they want people to like them (and therefore “conform” to what other people like/expect).
– they fear that if they raise their prices, people will judge them as greedy or that people won’t be able to afford them and they’ll lose clients or won’t get new clients (and therefore they won’t be able to be of service).
– they have their own insecurities and limiting beliefs about money.
– they think, “who am I to be so bold?”

If you’re one of these people (and you’re not alone, I am one too!), I have this to share with you from Marianne Williamson: (paraphrasing) Your playing small does not serve the world…who are you not to shine, be brilliant, talented, gorgeous, fabulous?

So how DO YOU shine, be brilliant, raise your prices and stand confidently in your fees and the value you provide to others? I’ve created a system for standing in the truth of your value and getting paid what you’re worth (with ease and grace), and would love to share it with you at my workshop on Nov 1st –Confidently Charge What You’re Worth (and Increase Profits) workshop. Time to stop playing small and SHINE!

Register online before Oct 15 and save $73 (my birth year :)).
http://54.82.103.175/event/charge-what-youre-worth-workshop/

Kick Start Your Year with Clarity and Focus

“Be INSPIRED to create what you imagine” (Linda J. Spencer)

Mondo nell'acqua dell'oceanoWelcome to a brand new year…time to kick-start your strategic action plan with clarity and focus!  Strategic business planning is essential for your business success.  Your business plan is like a roadmap – it gives your direction for where you want to go and how to get there with the most direct route.  A good strategic plan keeps you focused.

In November, I posted my 8 Steps to Building Your Road map to Success.  Over the next 8 weeks, I’ll dive deeper into what each of those steps are, and specific actions you can take to create your own road map to success.

So, where do you start?  You should start with the end in mind…this is Step 1 to creating your business success road map:  define and clarify your goals.

The key with defining the end result you want in your business is to get really clear about what you want and why.  Ask yourself key questions like:

  • Where do you want your business to go? What do you want to create with your business? and WHY? Write down your goals for the next year, 3 years, 10 years.  Really challenge yourself – Dream BIG!  Studies show that if you think small, you’ll play small – so think BIG and play BIG!
  • What would really make your heart sing to achieve in your business long-term?
  • What impact would achieving these goals have on your life? What would it mean for your family?
  • What are your SMART (specific, meaningful, attainable, relevant, time sensitive) stretch goals for this year? List your BIG revenue goals as well as things like the number of customers you want to serve and any new projects you want to launch / implement.  Don’t try to boil the ocean here, but make them big enough to excite you and be impactful…pick just 1 to 3 key things that you’ll focus on this year that will really pull your business forward to meeting your long term BIG objectives.  Chunk them down into key milestones, and add target dates to them.

With your goals for the next year clarified, you can now move forward with focus in making business decision and taking inspired action that is aligned with those goals.

Stay tuned for next week…I’ll get into Step 2 of creating your business success roadmap…the essential step of knowing where you’re starting from!

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