Get Control of Your Money NOW!

While we all recognize that a complete economic turnaround is still a few months away, smart women business owners are taking control of their money right now by implementing strategies so that they can make more and keep more. The sooner you take control of where your money is coming from and how much you keep the better off you are as the economy takes that upward climb and emerges from this economic cycle. What’s the trick? To take an active role in ensuring you are creating the income that you want from your business, as opposed to sitting back and passively waiting for money to fall into your lap or for things to change. So here are 5 simple tips to help you get a handle on your cash flow right now so that you are in control of your money and cash flow destiny!

1. Know Where The Money Comes From

Do you know where your money comes from? Do you have multiple streams of income or are you reliant on just one? If you have only one stream of income I suggest that you start to look at ways to increase your revenue streams. If you are a coach or consultant and currently only offer 1- on -1 services it may be time to look at creative ways to bring in more money. You could develop a group coaching program or mastermind. This will dramatically increase your revenue with very little additional effort on your part.

2. Value and Pricing Go Hand In Hand

Most business women undervalue their products/services. I bet that when you started your business you looked to your competition to determine the priceam I right? The problem with this is most business owners undervalue and under price themselves so you perpetuated that same mistake. Take a look at your current prices. Is it time for a review? Probably! Find a way to offer greater value to your clients for a higher price and everyone wins. I just did this and it’s why my next mastermind program will never be the price it was ever again!

3. Track Your Income Daily!

I learned this trick from my mentor and I have to say it works and it works brilliantly! This is so easy and you are going to love it! Every day I track how much money I brought it from every income stream. I use an excel spreadsheet to accomplish this task, but simple paper and pencil will do the trick. At first you may think that you don’t bring in enough money to track it, but don’t worry that will all change over time. When you pay attention to money in this positive, abundant and grateful way more of it will flow to you faster and faster. Everyone that I know that has used this trick reports making more money faster than they ever dreamed possible.

4. Know Your Hot Button Money Issues

We were all raised with certain beliefs about money. These beliefs came from what we learned from our parents. Most of these limiting beliefs and old values just don’t serve us any longer but many people don’t know how to rid themselves of the past. Don’t worry, this is totally normal and you can do something about it. Many women business owners discount their services. Discounting tells me that you have a fear about what your clients can afford so in order to make yourself feel better and in the hopes of making a sale, you discount. I recommend checking out my next group coaching program launching in January 2010. The Money and Mastermind Group Coaching Program: How To Bust Through Your Money Roadblocks AND Solve Your Biggest Pricing Challenges! Will help you shift your mindset and free yourself from those limiting money beliefs so that you can transform your business and daringly charge what you want and get it!

5. Get HelhELP Help Where Needed

More times than not, I meet women entrepreneurs who have no idea what their cash flow looks like. Why? Because they don’t have a handle on their books. I hate doing my books that’s why I have someone else do them for me. This way I always know how much I have coming in and how much I have going out the door. My expenses are at my fingertips which allow me to make informed decisions about expenditures. It also helps me to know if I am on track or not in reaching my money goals. If you hate bookkeeping as much as I do, do yourself a favor and hire someone to take care of this for you! You won’t regret it.

Having Control Over Your Money Simply Means Finding Creative Solutions To Your Situation

Follow these simple tips to have the control necessary to make more money. Remember it need not be complicated. Look at what works and what doesn’t and be willing to make the changes. Keep it simple and it will be effective!

Maureen Campaiola, known by her clients, asthe DARE Coach is President of DARE To Be Phenomenal. As an accomplished business coach, author, speaker and entrepreneur Maureen spends her time in the trenches working on solving the unique problems of women business owners and entrepreneurs. She can always be counted on to deliver smart , innovative solutions to turn a hectic and draining business into a thriving, highly lucrative, smooth running,and fun money making reality. In addition, she is the founder of the wildly successfulSuccess Minded Women’s Business Network where like-minded and highly motivated women connect, support and engage in joint ventures. To learn more about how you can step into your greatness, accelerate your business, AND achieve all the personal and business success you desire visit: www.daretobephenomenal.com or email: maureen@daretobephenomenal.com