What is your WHY?
"We want to buy a new house."
"I want to support or to contribute support to my family."
"I want to quit my regular job and do what I love."
"I am a stay at home mom and need something that's for ME."
"I love photography and want to make it a business."
"I want financial independence while also creating the business I want."
"I want to take more vacation."
"I want a retirement plan."
"I want to save money for my child's education so they don't end up in debt."
Do any of these sound like you? Are your WHYS different? No matter what your WHY(s), you need to establish your business so that those whys are being met and really, surpassed.
Now I'll ask a challenging question.
What if your circumstances changed and you had more whys?
These are not necessarily things we want to happen and I hope they never do for any of you, but you should think about them at least to be prepared in case they did.
"I (or my spouse) got laid off from my full time job."
"My mother got sick and I had to take care of her and
couldn't work my business."
"I (or my spouse) got sick."
Like I said, we don't want these things to happen. But they can. I hear stories like this all the time and I lived it, so I speak from experience. I wish I had considered them before. This is why you don't just charge "A little because it's only a side gig and I don't NEED the money." If you ever do, you've completely screwed yourself. You can't just make a jump instantly once you do need the money. Set yourself up for complete success from the get go! I mean, even if you don't fall into any "what if" situations, is it really that bad to have extra money if you "don't need it right now"? Put it into an extra vacation. Put it into savings for your kids or yourself. Put it into charities that you care about. But, whatever you do, do NOT undervalue yourself and do NOT put yourself in a bad situation.
Just some food for thought. If you want to chat more about this and how to set up your business for success, set up a discovery call today and learn more on what I offer.
Or you can simply check out my other blog posts or my YOUTUBE channel for free videos.
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