wealth

A No Regrets Business

By Jeanna Gabellini

Many people talk about their bucket list. They keep a mental (sometimes written) list of all the things they want to experience or achieve before they “kick the bucket”.

My brother, J.J., suddenly transitioned a couple of weeks ago, at the age of 42, so it got me thinking about living a life of no regrets. He was pretty good about checking things off his list, including booking a trip with me to Italy this fall.

Most of us are usually so focused on surviving what’s happening in our life this right now moment that we put off our bucket list stuff until we can get things handled now.

Well, you know how that goes. Life doesn’t slow down. New issues pop up that need handling.

But what if you peppered everyday life with the good stuff, instead of saving it for someday?

When I had kids I noticed how I pushed off traveling until they grew older. It didn’t feel good so I began taking short trips several times a year. That felt great. I’ve snuck in two trips to Maui since then and Italy is still happening in the fall (my mom will now be joining me, making this our 2nd trip to Italy together!).

And you can bet that I’ll be adding more time off from work this coming year.

But what about a living a life of no regrets in your business?

Instead of waiting for good fortune to come your way, what if you actively sought out amazing opportunities?

What if you…

  • Charged more for your services?
  • Stopped hiding your expertise?
  • Created that awesome product or service?
  • Paid yourself first?
  • Took a month long vacation?
  • Finished your website?
  • Partnered with your idol?
  • Hired an expert?
  • Hired a team?
  • Wrote your book?
  • Spoke on a large stage?

What if you did something about it now?

Most people refer to regrets as things they wished they would’ve done but didn’t.

I’ve always been most fulfilled in my business when I did something that put me outside of my comfort zone. Why keep experiencing the same things over and over?

That can be nice, but is it juicy?

There is always more joy to be had. More unique experiences. A deeper connection to source energy. More fulfillment. More peace.

Write a bucket list for your business. Go nuts with it. Brainstorm for an hour or two.

Then create your plan to start living it. One step at a time.

When you give yourself fully to a joyful business experience, profits will follow in abundance.

Jeanna Gabellini is a Master Business Coach who assists high achieving entrepreneurs, corporate leaders & their teams to leverage fun, systems and intentionality for high-octane results. An entrepreneur for 25 years she has a treasure trove of kick-butt tools to give you peace & profits. Get The 5 Keys to Pinpoint your business prescription for more income and joy! http://masterpeacecoaching.com/resources/free-cd

Five Money Mistakes Caribbean Entrepreneurs are Making

It didn’t take me long to compile this list as they are mistakes I’ve made and some of them more than once. With the right systems and discipline you can change your money game in order for your business to stay afloat.

1 – Setting your prices too low. Many entrepreneurs believe that they will get ahead by being the cheapest on the block but that’s not so. If your prices are too low and they don’t allow you to properly serve your customers then they won’t do business with you for long. Don’t be afraid to be more expensive than your competitors if you are offering more value and better service.

2 – Setting prices based on time and not value. Consider a software developer who may deliver a business application to a client in a matter of days but which allows them to make millions of dollars. If she only charged for the time spent on the work it doesn’t represent the true value of what she delivered, which is the opportunity to make millions. Know the true value of what you provide to your clients and price accordingly. Charging too low sends the message that your work is subpar.

3 – Setting prices based on supplies and not including your time. It may seem like a no brainer but often when you enjoy what you do, you forget to include the fact that it takes you time to do the work and that has a cost. Going to pick up the wood, building the cabinets, delivering and installing them has a value. Keep track of your hours over several tasks to help you understand how much time it takes you to deliver on different types of projects and include that in your quote.

4 – Not saving. Oh happy day. You got paid and there are bills to pay and fun to be had. By all means pay your bills but save as well. While it would be a real ego boost to run out and by that new SUV with your profits, a better plan would be to reinvest the money in the business, even if it means hiring a financial planner, taking a marketing course or purchasing a new computer. Practice this rule. Spend some. Save some. Give some.

5 – Not keeping good records. There is nothing more embarrassing than a bounced check. Take the time to file your bank slips, invoices, and receipts. At all times you should be aware of how much money is outstanding, how much you need to pay out to suppliers and service providers. Design a strategy to collect payments in a timely manner to keep your business out of the red.

Nerissa Golden is an award-winning Media Strategist, Business Coach and author who helps her clients accelerate their business growth by leveraging high impact communications solutions and income generating strategies. Get tips on starting and growing a business at www.trulycaribbean.net. Follow her on Twitter @trulygolden.

Today’s Power Move – Think Rich

PowerMove---I-am-RichIt’s not spiritual to think about being rich, at least that was what the church sermons and messages I heard growing up seemed to say. The love of money is the root of all evil and it was translated and passed down into “Money will get you to hell quickly. Serve Jesus, suffer without and reap bountifully in heaven.”

What a lie. You can want money without loving money. The bible says as in heaven, so on earth. If heaven is awash with paved roads of gold why are we struggling to find what we need to live daily?

Jesus said not one bird falls that I don’t notice. Not one head of hair on your head goes unaccounted for. Don’t worry about what you need to eat, where you need to sleep or what you will put on because your Heavenly Father knows you need them. (Paraphrase of Matthew 6).

I want you to be rich. I want to be rich. If you are and I am then we can do some amazing things together and help other people who are not yet at the place to see they can get what they need to succeed in life as well.

In the late 90s I worked for a woman who taught me that I should plan my budget around the life I wanted to have, not based on what money I had available to me right that minute. It goes against rationality. It goes against sound mathematics and business practices. However, it is what you need to do if you want to get ahead.

I wrote about it in The Making of a Caribbeanpreneur but honestly I struggled with it for a long time. I wasn’t giving myself permission to want richness for myself as I wanted it for others. I won’t debate now the difference between being rich and wealthy. Right this moment we need the richness of money to do what needs to be done.

Start to plan for it. Expect it. Make room for it in how you think and how you function. It will cause you to look for new ways that you would have ruled out because of an old ideology.

As I opened myself to receive more. The richness sort me out. I did not need to pursue it. I only needed to be open to receiving it.

Practice Today’s Power Move and then taken the inspired action. Create a budget based on the life you want to have.

Release the Wealth

For more than a year now, I have been actively studying God’s word on seed time and harvest time. Not just through scripture but practicing the principles in my own life.

This shouldn’t be a long story but you have got to try releasing what is in your hand and watch what God does with it.

Often when I feel led to give, I am dead broke and the instruction is usually to give all of it. Hearing this instruction when what you are being asked to give is your last ten dollar, that should have put gas in your car or buy bread for your kids is hard. But I will tell you the truth every single time I am obedient to God’s word to me, He answers and not down the road either.

Today as you struggle with questions of how you will meet your next bill or put food on the table, I want you to release what is in your hands. It may be a phone call to a troubled friend with your last minutes on your prepaid or giving away that dress you love so much because you know your friend would enjoy it more. Release it. God promises to supply all of your needs, according to His riches in glory. He is not a man, so He does not lie. He will perform what He told you He would.

Many times, my financial giving has not come back in immediate cash but rather a great idea that I can earn income from long-term. He is the All Sufficient One. He wants to see you in sustained health and wealth, not just moving from crisis to crisis. There is no gift too small or insignificant that God won’t return 30, 60 or 100 times to you.

So release yourself and your gifts and watch God work.

Learn more about giving in both of my new books available at Truly Woman Store.