Today, I want to talk to you about money behaviors. We all have certain behaviors and emotions about money. When you own a business, those behaviors and emotions can be even more heightened. Some entrepreneurs LOVE the money/business side of operations…and some definitively do not. In fact, many will put it off until they are finally forced to deal with it. Conversely, there are many who simply sit in the middle and are indifferent.
There is one fairly consistent behavior that tends to stretch across all dealings of money. When you want to make a purchase or pay the bills…what do you do? Most business owners will open their online banking to check their balance and see how much money they have. If there’s money in the account, they will pay the bills or make the purchase and if it’s low, they begin strategizing how to get more money in there. There might even be a freakout involved when seeing this low number!
At any rate, there’s...