Have you ever wondered what the money moves for female entrepreneurs you need to follow to make it big?
Yeah! We get it. And although not many people dare to ask that question out loud to a Finance Professional, it’s one of the most common conversation points when female business owners get together to discuss money (It’s for sure inside of The IMM Space). It’s inevitable; you just need to know what are the right money moves for female entrepreneurs that maybe you are not doing right now.
Like seriously, how do they do it?
Well, I’ve laid out for you already the Money Mindset Shifts you need to become a six figures female entrepreneur. But, is that all that you have to do?
Short answer is NO. But,
Without learning about your money blocks and how they relate to your financial success, the money moves for female entrepreneurs that I’m about to tell you won’t be as effective as they can be.
But before diving into what specific money moves female entrepreneurs need for a consistent flow of money, let’s clarify what
WHAT MONEY MOVES FOR FEMALE ENTREPRENEURS ARE?
Most people will answer with a list of strategic moves that you can take to get the most out of each dollar you already have. Or at most, the dollars you can potentially make through your business.
However, these are only financial moves (Strategic moves that include a fair amount of financial understanding for you as a female entrepreneur).
But, when it comes to money moves for female entrepreneurs, you’ll have to start seeing money as the multidimensional object that needs your attention on more than just the strategic level, and that’s exactly what I reflect on my M.E.S.S Method (Mindset, Emotions, Strategy and Synergy with Money)
So, let’s start with what really contains the 3 most important money moves for female entrepreneurs.
MINDSET MONEY MOVES
There are as many money mindsets moves as limiting beliefs.
Every moment as a female entrepreneur represents an opportunity to shift your mindset, just like Nora, founder of FCC said.
But, there here are the most important ones for you to apply today:
Compare and zoom out.
Wait! Before you roll your eyes, read what is it exactly what I want you to do.
When dealing with money blocks as a female entrepreneur, the normal thing to do is to get sucked into your reality and not be able to break the loop.
This is why the first money move for female entrepreneurs you need to do today is to pick 3 of the people you most admire in business and objectively evaluate:
- What makes you admire them with money
- What do they have that you believe is not possible for you
- What are you doing right now that they did too
Zooming out of yourself will allow you to see and find new opportunities to make, keep and multiply money and, at the same time, help your brain position yourself at the same level as the people you admire.
This is such an essential part of success! This is why is the number one move for female entrepreneurs, and of course, this is why we do visualization and logical assessments to fight over a fixed money mindset every week inside the IMM Community.
EMOTIONAL MONEY MOVES
These are the least common type of money moves female entrepreneurs, as traditionally, finance people do not talk about the emotional layer that triggers unhealthy behaviors with money.
But, there is no doubt that the body petrifies when a female entrepreneur holds a bill she needs to pay after not having an income. And At the same time, almost immediately, all of her ideas of a growing business start to fade slowly. At this moment, we are not talking about strategy anymore.
There is something deeper when that happens, and that is the emotion of money.
The emotional layer with money is where most of the money blocks are born, and consequently, the shifts you may make on that same layer have a greater impact on your financial life.
And yeah, I know, your logic is probably telling you “That’s a lot of BS” but…
Although your logical side won’t immediately link emotions with money, it is a fact that most of the time in business (and life), women lead with emotion first, and it’s not different when it comes to money.
This is valuable information to have when in business because whenever you encounter one of the money blocks, you know that your emotional reaction will kick in first, and that is a perfect opportunity to apply this money move:
Set up your Financial Boundaries
95% of my clients have weak financial boundaries due to their lack of knowing themselves with money, making them more vulnerable to buying in ideas, thoughts, and behaviors that are toxic to their financial growth.
Financial boundaries are the most effective emotional money move for female entrepreneurs. As women, we tend to compromise so much of our emotional well-being to please people, cover for others or even keep something alive where there is no reason for it (nourishment).
It’s women’s essence to care, protect, and look out for others. But when it comes to money, those same qualities can pursue your logical side and push you to places you don’t want to be pushed.
So today, it’s time to set those financial boundaries in these quick steps.
1. Answer the following questions in a journal:
- Who do you seek for financial guidance, if at all? And why?
- Who do you feel judges you by your financial decisions in your personal life? How this person or people makes you feel?
- Who do you feel judges you by anything related to your business? How this person or people makes you feel?
- Write how you would like to feel instead.
2. Now that you’ve identified some of those floods, it’s time to make emotional bridges. Write on another page of your journal what steps you can take today to go from how you’re feeling now to the idea of how you want to feel.
These journaling exercises are powerful in themselves. Once you see how your emotions are controlling your financial behavior, you won’t be able to unsee it, which is life-changing.
STRATEGIC MONEY MOVES
When it comes to strategic money moves for female entrepreneurs, more than any other money move, they are situation-dependent.
Your strategy money will depend on your goals, offers, prices, whether or not you’re in debt, and of course, the vision of your personal life.
Hint: The vision of your personal life as a female entrepreneur influences more than half of your decisions with money in your business. Learn more about You+ Money here.
But, today I’m going to share with you the strategic money move female entrepreneurs often have wrong, and it’s most definitely killing the flow of money.
Make the receiving process SIMPLE!
7 out of 10 of my clients repeatedly make the mistake of overcomplicating the process to receive income.
They often spend a good amount of time drafting their programs, offers, and marketing on social media, but when it comes to making it easy for the customer to make a sale, simple is the last thing.
And by simple, I mean simple for the customer, not for you. Sometimes, making it simple for your customer requires hours and hours of back-end work that you may be avoiding, but that’s when the wheels get stuck.
It’s worth noting that this often happens for hidden money blocks that have to do with the emotional layer of money.
It’s time to simplify the process.
- Review how your clients access your offers and what they must do to sign up with you. List all of the steps (Even the smaller ones)
- From the steps list, take out what is unnecessary. For instance, If you have a landing page with your program’s info and another page with payment information, it’s time to look at how to combine both.
- Let somebody else review the process. Your mindset and perspective of your process is bias. It’s time to let fresh eyes to review the process. Find somebody that can give you an honest opinion about it and make the correct adjustments.
If you don’t have anybody you can think of, my DM is always open for you.
READY TO LEARN THE SPECIFIC 3 MONEY MOVES OF THRIVING FEMALE ENTREPRENEURS YOU’RE MISSING? REGISTER: Unf*ck your Money Flow Free Masterclass
You may wonder what the last S of the M.E.S.S Method we discussed at the beginning. And although there is not a step-by-step money move for female entrepreneurs in this last letter, S stands for Synergy,
It is the clue to glue everything together in a successful financial journey for a female entrepreneur in the synergy of waving all of the money moves for female entrepreneurs we previously discussed into your daily routine.
Learn More about it inside the IMM Community.