89. Hobby Money Vs. Business Money
The Kristen Boss Podcast
Kristen Boss
4.9 • 751 Ratings
🗓️ 17 January 2022
⏱️ 44 minutes
🧾️ Download transcript
Summary
If you’re like most social sellers, you joined this business model because you needed a way to make a few hundred dollars a month to make ends meet. And before you knew it, you started booking parties, making new friends, and growing a team. At some point along the way, this hobby turned into an actual business.
Now that you’re running a business, it’s time to start treating it like one instead of the hobby you started out with. And the best place to start is with your money.
Kristen is here this week to talk about the differences between hobby money and business money and the mindset shift that has to happen in order for your business to truly grow. Grab a pen and paper! You’re going to want to take notes.
Here are a few takeaways:
- At what point you should stop treating your business like a hobby
- Importance of having a separate business checking account
- Learning to leverage your time and energy in order to focus on income-producing activities
- The difference between strategic debt and regular debt
More often than not, how you view money is based on your own personal beliefs. Learning to view money as a tool in order to grow and scale your business in a sustainable way will unlock potential you never knew you had.
Interested in Kristen’s exclusive mastermind for six-figure earners in the network marketing industry? Get all the details and join the waitlist here.
Thanks for listening! Do you have a question about network marketing? Kristen can help! Drop your question here, and she just might answer it live on the podcast: https://Kristenboss.com/question
If you’re ready to learn the simple process of running your social selling business online, you have to check out Kristen’s live group coaching program! The Social Selling Academy: www.thesocialsellingacademy.com
Transcript
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| 0:00.0 | Hey there. I know if you're like a lot of my listeners, you're listening here week after week, |
| 0:09.5 | maybe binging my podcast and trying to take all the notes and really implement it into your |
| 0:14.5 | business. But here's the thing. There's something between knowing what to do and actually doing |
| 0:19.1 | and following through and trying to piece everything |
| 0:21.3 | together on your own. Well, you don't have to do that. I don't want you struggling any more than you |
| 0:25.3 | have to be, which is why I want you to check out the hub. The hub is the ultimate place for you |
| 0:29.5 | to learn the foundational habits and skills, such as connecting, building relationships, |
| 0:34.3 | writing content, and how to sell without filling icky in the online space. |
| 0:38.4 | It is the ultimate place for you to learn the sustainable habits and business skills in the |
| 0:42.8 | social selling space. The other offer you need to look at is if you are ready to expand into |
| 0:47.5 | your cold market, grow your audience, learn the skills of lead generation, talking to a target |
| 0:52.3 | market, and learn sustainable business strategies |
| 0:54.6 | that really are evergreen, no matter what business model you're in, you're going to want |
| 0:58.6 | to check out the Social Selling Academy. The links are in the show notes. Of course, we have all |
| 1:02.5 | kinds of testimonials because I've helped thousands of students just like you. So be sure to |
| 1:06.6 | check that out. Now, back to the show. |
| 1:21.8 | Thank you. that out. Now, back to the show. Welcome to Purposeful Social Selling with Kristen Boss. I'm your host, Kristen Boss. I'm a mindset and business coach |
| 1:29.1 | with more than 15 years experience in both the product and service-based industries. |
| 1:33.9 | I believe that social selling is the best business model for people wanting to make an impact |
| 1:38.3 | while they make serious income. This is the podcast for the social seller who is tired of feeling |
| 1:43.6 | and authentic in their business |
| 1:44.9 | and desires to find a more purposeful and profitable way of growing their business in today's |
... |
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