What do a broken fridge and entrepreneurship have in common?
I tell you what they have in common in our episode today in a really cute story about my nephew. I kind of went off script, but I couldn’t help but giggle about it!
When his fridge broke down in his rental apartment, he was elated that it wasn’t his problem as his landlord replaced it that morning, and as a homeowner looking around at my own appliances I realized “Heck, these are all out of warranty now, and when they break they WILL be my problem”.
Then I remembered when I crossed the threshold from renter to homeowner what a wakeup call it was to me as from shovelling snow, to trash removal, to leaks, to appliances, everything was my responsibility.
It was a very similar journey that I went on when I transitioned from employee to entrepreneur. And if you’ve made that leap – recently or not so recently, it’s always a good idea from time to time to do a quick check in with yourself to make sure you’ve left that employee mindset behind.
When it shows up it’s usually about money.
As an employee – you paid for nothing. Heck, if you wanted to read a book related to your job, your employer may have even paid for that too! The responsibility for getting the money needed to pay for business costs and making the decisions on what to invest in, were usually up to the CEO.
The CEO took care of the business, and indirectly took care of you.
And so when you make the leap to entrepreneur it can be pretty darn scary and unsettling to suddenly be on the hook for everything.
I get it.
The fear and discomfort are very real, however it’s one thing to be afraid, it’s a whole other thing to not take action because of it.
Far too many entrepreneurs struggle and don’t achieve results, because they need something in their business in order to create those results. But they don’t get what they need because they don’t have the money. And by waiting for the money to create the result that requires the money (how’s that for a mind bender) – they never really do create the result and they play small and stay small.
Of course, you want to be RESPONSIBLE about money decisions. Neither fear nor recklessness have a place in business. And that’s why in today’s handout I’m giving you TWO worksheets that will help you navigate money decisions with confidence and grace, and without putting yourself in financial jeopardy.
Now THAT’s thinking like a CEO!
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Resources Mentioned in Today’s Episode:
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