We talk a lot about your role as a CEO, your mindset, strategy - messaging, marketing, sales, and leadership - and the action your business needs from you to make six and seven figures.
What we don’t talk about much? The financial resources or funding you and your business need to grow and scale.
Because what I’ve seen after over seven years in business scaling my own booked out 1:1 practice to recurring multi-five-figure cash months is it really does take money to make money. Businesses require ressources, financial and time, to make it past ideation to market and profit.
Since you’re likely a small business owner like my clients and myself, my guess is going the VC (venture capital) route isn’t in the cards. This means, you’re likely self-funding your business, whether that’s from your savings, a loan, credit card, your 9-5, or an additional side hustle.
Which begs the question, if your business needs cash to grow, is it smart to pick up an extra gig to generate funds, or is that a distraction of focus or a “bad” mindset that isn’t trusting success?
Join me in this bite-size biz lesson, and my unapologetic answer to one of your unapologetic questions in You Asked, I Answered: ONE Question to Financially Resource Yourself & Your Business as You Grow & Scale.
In Episode 142, we jam on:
- my candid thoughts on the narratgives onlines about quitting your job gto prove you're all-in on your business success and manifest results, what the studies tell us is true, and why this isnt a one-size-fit-all answer.
- looking at Maslow's Hierarchy of Need to help you discern your next right step forward in business.
- what I'd consider when making a deicision about whehter or not to pick up a side hustle, what worked for me to grow this business to its first six figures, and how to apply this to your business to support yourself and set you up for your first and next six or seven figures.
Episode Links:
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Learn more about Kim: kimargetsinger.com
Originals: How Non-Conformists Move the World, by Adam Grant