073 • Can You Afford to Invest In Your Business?

Hennapreneur

Do you struggle with making investments in your business? It can be difficult to know when and where to invest, how much to pay yourself, and how to price your services. Most people do not have the proper financial education to make smart money decisions. If you find yourself having a poor relationship with money and finding money management difficult, Chelsea can help you to understand where you should invest for the most benefit to your business.

Sometimes you need to be willing to invest money to make money. If you’re struggling with the decision to spend $20 a month on something that will ultimately enhance your clients’ experience with your business, you are missing out on growth opportunities. Some of the main issues getting in the way of people making smart investment decisions for their business are having a poor relationship with money, mismanaging their money, and being too shortsighted to plan for future goals. Money earned through your business should not be treated the same way as your personal finances, but people often do not have the background knowledge of business finance prior to opening a henna business. Learning to trust yourself to make smart investment decisions that can set you up for your future goals is pivotal to becoming a successful hennapreneur.

While it can be daunting to invest money, especially when you are first starting out, it is important to take that first step and really invest in yourself and your business. When you have more skin in the game, you are much more likely to be fully dedicated to your own success and your business will be better for it.

Quotes

• “Poor relationships with money can manifest in a number of ways, but I've noticed it most commonly manifests itself as a symptom of another issue, actually. And that is a lack of self-trust.” (9:07-9:20 | Chelsea)

• “It probably is downright scary to put that type of money on the table. The good news is that once we've begun working together, you and I will actually build and nurture self trust and mindset with coaching, making it easier for you to be able to make choices that support your goals in the future.” (12:08-12:25 | Chelsea)

• “It's one thing to make money, but if you don't know how to manage it, it will just slip through your fingers.” (16:18-16:24 | Chelsea)

• “Business finances are not the same as personal finances. We need to understand that and all of the revenue that comes into your business is not yours to play with.” (16:33-16:41 | Chelsea)

• “If you're not thinking about what your business could be, and you're only focused on what your business is today, you will consistently miss out.” (24:06-24:13 | Chelsea)

Links

Hennapreneur Community (Facebook Group): https://www.hennapreneur.com/community

Hennapreneur Website: https://www.hennapreneur.com

Hennapreneur Facebook: https://www.facebook.com/hennapreneur

Hennapreneur Instagram: https://www.instagram.com/hennapreneur.official

Hennapreneur YouTube: https://www.youtube.com/hennapreneur

Watch the 5 Biggest Mistakes New Henna Artists Make (And How You Can Avoid Them!) Training: https://www.hennapreneur.com/biggestmistakes

Download Chelsea’s Fool-Proof Natural Henna Recipe: https://www.hennapreneur.com/hennarecipe