I have a question for you – what is your view on money? Is it good, evil or neither? One of the most misquoted phrases is about money being evil. There is a verse in the Bible that says something like “the love of money is the root of all evil.”
Many people misquote this and say “money is the root of all evil.” Money is neither good nor evil, it can be used for good or bad like many things. So why am I asking?
Well if you’re going to start a cleaning business you need to know why. Is it just the money? There is nothing wrong with making a profit but the ‘why’ needs to be greater than just ‘earn money’.
Since I’ve already talked about the ‘why’ in a different section, I want to focus on our attitude toward money.
Money is a wonderful servant but a terrible master. Money, or the lack of money has also been known to cause horrific chaos in a persons life. One of the best books I have ever read about money is the old classic Think and Grow Rich by Napoleon Hill. It’s a must-read for any small business owner.
We know from statistics that 4 out of 5 new businesses fail within the first 5 years. The number 1 cause listed is lack of working capital, as in not enough money.
Having enough working capital to start a business is extremely important but again, that’s another subject. I want to specifically talk about money and our attitude towards it. As a business owner, I view money as a tool, something I can repeatedly use to acquire more of it.
Up until around 2007, I always had plenty of money and never gave it a thought. I also had some very bad and destructive habits that ended up causing a lot of financial pain. I viewed money as a way to get what I wanted when I wanted it.
I viewed it as easy come, easy go and figured I could always get more whenever I wanted. I also had a very unhealthy relationship with debt, bad debt not the kind that makes you more money.
When the financial crisis in 2008 hit, things began to melt down for me. The worse things got, the more I focused on the shortage of money. The more I focused on the problem, the worse things got. The Law of Attraction in full swing.
A terrible cycle of attracting more of what I did not want by focusing on it. It took almost 8 years to fully turn things around, I was close, but missing one key ingredient. My own mind and how I was thinking.
When I took the focus off what I didn’t want and started to focus on what I did want, good things started happening. It’s not magic or voodoo. It’s a simple law of nature, how our brains are wired to give us what we focus on, through our subconscious mind.
What you think about, you bring about. If you think money is not important then you will always scrape by. If you think money is evil, your subconscious mind will direct your brain to make sure you don’t have much at all.
If you have a healthy view of money and view it as a necessary tool for survival and more, you will prosper. I know it sounds strange but trust me, it’s true. I’ve lived it.
So how should you view money? For starters always view yourself with enough, even when it’s not enough. I know this sounds backward but if you focus on not having enough that’s exactly what will happen.
Money is a tool, something wonderful to help you, your family, the people that work for you and so on. Money is to be respected and managed with care. I suggest the 80/10/10 rule. Give 10% of your money away to charity, church, etc.
Save 10% for long-term and make good use of the remaining 80%. Read Think and Grow Rich, learn about the Law of Attraction and master your own thought life. Mastering your money will save you from an enormous amount of grief.