Boss Lady

3 Tips to becoming financially equipped to run your business successfully


To be a successful business owner, the desire to be a life-long learner really sets you apart. If you don’t have an appetite for continuously reaching for more in every area of your life, you may find it hard to succeed long-term in business. This is because of the nature of entrepreneurship. Having your own business is about the ability to constantly grow and adapt. Some are naturally born with this thirst and others have to work a little harder at it, but everyone is capable of cultivating this skill.

One of the areas that you may benefit the most from as a life-long learner is your finances.

So many women were taught that it was more natural for their partners to take care of the paying the bills and minding the money. In your childhood, who was the main financial decision maker in your family?

What if you chose to dive into what creates financial, what limits it and how your personal psychology limits the money you can create? Here are some tips to help begin this journey.

1. Educate yourself

Educating yourself on how to create money can be daunting at first but it is really the most important education we can receive. It is not taught in most schools worldwide, and unless you have parents who are great financial educators, it is a lesson most of us miss. This is one of the main reasons I see so many people struggling financially. Learning how to create extra money, to invest in real estate, businesses or stocks may seem daunting at first, but just beginning the education process opens doors and shows you were to look for opportunities. When I first began it seemed like it would be impossible for me to put anything I was learning into practice, but over time possibilities presented themselves and I was able to take advantage of them. Because most people are not in search of a financial education, there are infinite possibilities for making money all around us that go constantly ignored.

Some places to start your financial education are the BBC documentary The Ascent of Money, found on YouTube and the book Money Is Not the Problem, You Are, by Gary Douglas. These are incredible resources about creating wealth that will open the door to your money education and will show you where your financial shortcomings lie.

2. Ask your partner to teach you what they know about finances.

Why did you choose your partner? Do they inspire you? Do you have fun being with them? Did you choose them because they are brilliant?

Your partner can be a huge support to you on your financial journey. Have a conversation with them and ask them to teach you what they know about finances, money and investments. If they aren’t very knowledgeable invite them on the journey with you. Creating money is not always easy and a partner who is willing to learn with you can make it a greater experience and can provide a different perspective than your own.

3. Look at all the definitions you have of money and begin to clear them.

Our definitions create the limitations that we have in different areas of our lives. For example, many of us were told as children that “Rich people aren’t happy,” or “Money is the root of all evil.” Is that really true or is it people’s choices with money that create the evil? What if an abundant and healthy financial life was okay to have, even if you were wealthier than your parents or your friends? It is our unconscious points of view about money that limit us just as much as our conscious ones.

What judgments of money do you specifically have that are keeping you in your financial rut?

What are the golden keys to creating greater that you have not yet chosen?

About Julia Sotas'

Julia Sotas is a wealth and wellness coach, and Access Consciousness and Right Riches for you facilitator. She has always been interested in self-improvement, and attended her first course at the tender age of 13. She has a degree in Sociology from the University of Winnipeg and recently earned her Real Estate Licence. She lives in South Carolina with her husband and three stepchildren and is dedicated to sharing her personal experiences to help others change their mindset about money, and earn more than they could ever imagine.

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