Episode 266: Money Mindset: Is It All Gonna Go Away?? FS266

The Fizzle Show

fizzle.co

Entrepreneurship, Business, Careers, Freelancing, Marketing, Small Business

4.8 • 648 Ratings

🗓️ 8 May 2018

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shownotes: http://fizzleshow.co/266

How do you manage the financial growth of your business? Does dealing with revenue give you anxiety? How do you get rid of the fears that are attached to money?

Today we talk about all the scary elements of running your company’s finances. Right from the start, it is important to be laying out a path to success and growth, but balancing these elements is not always easy. That’s why we're here!

In this episode, we go through all the different types of worries that accumulate as your ideas and business grow. We discuss the all important aspects of mindset and experience, lifestyle, investing and self-belief.

We also talk about the fundamental act of paying yourself and manifesting a working environment away from scarcity. The team really opens up some avenues for examination and by the end of the episode, we are sure you will be more clear on how to progress bravely in your work!

So tune in, with us, the Fizzle team as we banish those fears and get your business popping!

Key Points From This Episode:

The fear of running out of success and maintaining revenue. [0:06:13.2]
Collection anxiety and balancing the fun with payments. [0:10:32.1]
Lifestyle adjustments according to income. [0:14:50.7]
Sidestepping the aversion to the act of paying oneself. [0:19:26.9]
Balancing reward and necessity and managing finances. [0:24:28.8]
The great wall that is built by mindset and experience. [0:26:01.3]
Pumping the gas to get that combustion going! [0:29:30.2]
Comparing the mindsets of scarcity and positivity. [0:33:40.1]
The mathematical model of Profit First. [0:38:37.2]
The question of investing in help, products and diversification. [0:40:40.6]
Asking yourself how much you believe in your business. [0:47:02.7]

- The compounding effect of ignoring money problems. [0:51:19.5]

Links Mentioned in Today’s Episode:
Gusto — https://gusto.com/fizzle
Fizzle — https://fizzle.co/
Fizzle Toolkit — https://fizzle.co/toolkit
Fizzle Goals Course — https://fizzle.co/courses/goals
Fizzle 80/20 Copywriting Guide — https://fizzle.co/sparkline/writing-copy-for-web
Fizzle Journaling Course — https://fizzle.co/courses/journal
Courage and Clarity — https://www.courageandclarity.com
Chase Reeves Youtube — https://www.youtube.com/user/chasereeves
Profit First — http://profitfirstbook.com/

Transcript

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0:00.0	Hello and welcome to the Fizzle show.
0:09.1	What is up, everybody?
0:16.0	It is the Fizzle show where every week we talk about things that are interesting to business builders.
0:22.8	Is that amazing to you?
0:24.2	Does that just blow your mind that you can build your own business?
0:27.9	You can just start something up.
0:29.5	And if you know what you're doing and if you luck out quite a bit,
0:33.4	you can actually find yourself earning enough revenue to support yourself, your family.
0:39.7	You got your parents a cabin near a lake.
0:44.0	I mean, it's amazing what you can do when you're making money on the internet.
0:48.4	That sweet, sweet internet money.
0:50.3	But it doesn't come free and it doesn't come easy, right?
0:53.6	So that's what this shows about because most businesses fizzle out.
0:57.8	Most businesses fizzle out.
1:00.5	Think about that for a second.
1:01.6	What makes you different?
1:03.5	What makes your business different that like you're not susceptible to the thing that so many others have fallen prey to?
1:10.6	There is no difference.
1:11.9	The truth is, you're just finding that balance and you're trying to get into that traction,
1:15.7	you're trying to get into something that's going to last a very long time that serves a real purpose for real people,
1:22.9	solves a real problem, right? We all need help with that. So welcome to the Fizzle show.
1:28.7	We talk about this kind of stuff every single week.
	...

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