The Mind Your Business Podcast

Episode 652: Day 6: How to Create a New Relationship and Mindset Around Money to Build a Booming Business

Dec 25, 2023

Learn how to create a new relationship and mindset around money as an entrepreneur. Discover the importance of a healthy mindset around money for business growth. Shift your mindset and value your unique attributes in entrepreneurship. Avoid burnout by leveraging time and energy. Explore the misconception of time and money in entrepreneurship and the significance of identifying a problem to solve.

26:30

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Quick takeaways

Shifting to a new relationship with money and recognizing its value beyond time and effort is crucial for entrepreneurial success.

Adopting a mindset focused on leverage and the three-to-one ratio can optimize productivity, scalability, and overall results in business.

Deep dives

Importance of Abundance in Business

This podcast episode emphasizes the significance of abundance in business and entrepreneurship. The speaker highlights the need to incorporate principles of spirituality, energy, and mindset to achieve lasting success. The episode introduces the '12 Days of Abundance' series, which covers various topics related to abundance, including empowering beliefs, goal setting, freedom, money, gratitude, and abundance hacks. By implementing the insights shared in this series, individuals can make positive changes in their lives and businesses.

Money and Happiness Relationship

01:00

Thinking in Terms of Leverage

00:24

Introduction

3min

Developing a Healthy Mindset Around Money

14min

Shifting Mindset and Valuing Unique Attributes in Entrepreneurship

2min

Leveraging Time and Energy to Avoid Burnout

5min

Creating a New Relationship and Mindset Around Money as an Entrepreneur

3min

It’s that special time of year again where we bring you some of our most listened to episodes here on the podcast, which we call the 12 Days of Abundance series! Leading up to the new year, we’ll be releasing an episode each day that focuses on abundance and I will be sharing with you how you can bring more of it into your life, all while manifesting what it is you really want. Best of all, these episodes are jam-packed with mindset shifts and actionable strategies that you can start applying in your life right now as you kick off a brand new year!

If you are listening to this series, chances are you are already on your way to creating a breakthrough year in 2024. To help you get there, I’ve created a free tool to assist you in setting and accomplishing powerful goals over the next 12 months. In my goal setting guide, Breakthrough Year, I walk you through the 7 most powerful questions to level up your life and business next year, and you can grab your copy now at www.jameswedmore.com/breakthrough!

In this episode you’ll hear:

The work that I had to do to create a new relationship with money
Why a different mindset is required if you are an entrepreneur (and not an employee)
Where money really comes from….
How you can use an understanding of the Law of Compensation to bring more money into your business
A breakdown of the 3-to-1 Leverage Ratio, and much more…

For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/652