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What to Do When You Want to “Burn Down” (aka Quit) Your Business (Part 2)

What to Do When You Want to “Burn Down” (aka Quit) Your Business (Part 2)

If you’re an entrepreneur for long enough, you’ll likely feel like you want to quit every now and then. Or even consider burning down your business a time or two.

That’s normal. Pretty much every successful entrepreneur I know has fantasized about leaving his or her business, and running off to live in a grass hut on a beach somewhere.

But, that doesn’t mean you should actually do it.

In fact, I would argue that most of the time when you get that “I QUIT” feeling, there’s really something else going on.

And, if you can get to the heart of what “I quit” is REALLY telling you, you can turn around more than your business.

You can turn around your life.

So, let’s dive into a few possible reasons behind that “burn it down” feeling. (Note—this isn’t meant to be a complete list. You may have something going on I don’t list here, and that’s perfect. This is just meant to help you shift your perspective a bit.)

• Are you exhausted and/or overwhelmed? I know when I get overwhelmed, I just want to run away. But, the more effective response is to take a look at why you’re feeling exhausted and/or overwhelmed, and fix that.

Maybe you need to get more help? And, yes, that may mean hiring a team member or two in your business, but it may also mean hiring a housekeeper or a personal assistant or a nanny. Or it could mean having a heart-to-heart with your spouse, partner, and/or older children, and enlisting their help around the house.

Or maybe you just need to let some things go. Maybe you cut back on volunteer or community service hours, or maybe you let go of the idea that you absolutely must have a super-clean house. Or maybe there’s a business project or a task on your to-do list that hasn’t gotten done for a while now, and just needs to be deleted.

Basically, if this is you, I would encourage you to take a good, long look at your business and your life and see what you can do to restructure or delegate or delete the tasks that are overwhelming you.

• Are you bored? A lot of creative entrepreneurs confuse boredom with the desire to burn things down. They’re bored, so therefore “It’s not working anymore,” and they need to go do something else.

But, before you start burning things down, see if there’s a way you can restructure your business so you’re not stuck doing the things that are boring you, and that will give you the space and energy to pursue new challenges that excite you.

• Are you feeling entitled? No, this doesn’t only apply to Millennials. If you find yourself thinking things like “This really should be easier,” or “I should be further along by now,” or “Why do I have to do this?” or “Why is so-and-so more famous and successful than me?” you may be suffering from a case of entitlement.

If this is you, you may want to consider volunteering or spending time with people who have bigger challenges than you have. That’s typically a good way to reset your mind, and realize how blessed you actually are.

• Do you have the wrong business model? If you are a one-on-one business coach and you’re built for group programs, you’re likely going to eventually resent your business.

If you find yourself in this place, a smarter move may be to restructure your business model into one that better suits you. A great place to start is with my free book: How to Start a Business You Love AND That Loves You Back.

Another variation of this concept has to do with what Gay Hendricks calls your “Zone of Excellence” versus your “Zone of Genius.” Around which have you built your business? If you’re in your Zone of Excellence, yes, you’re doing work you like and are good at. But you also may know deep down that there’s something not quite right. And, after a while, that may start to suck the life out of you.

• Did you think the money would make everything else worth it? I’ve known a number of successful entrepreneurs who have built businesses they didn’t love (or even much like), but who are making really good money.

They did it because they assumed the money would make everything else worth it.

So, imagine their dismay when they realize that isn’t the case.

If you’re building something simply for the money, there’s a chance you may wake up one morning and flat out decide you’re done, because the money isn’t worth it. If this is you, you may want to start evaluating now, to see how you can tweak what you’re doing so it’s more in line with your purpose and/or passion.

• Are you in a wormhole? My friend, Juicy Marketing Expert Lisa Cherney, used to talk about being in the wormhole, which basically represents the “breakdown” before the “breakthrough.” It’s really common for entrepreneurs to get derailed, or fall down into a pit, while on their entrepreneurial journey. But sometimes, your darkest times occur right before your biggest breakthroughs.

If you find yourself here, self-development tools such as meditation or journaling or coaching may help. You can also check out my “Love-Based Money and Mindset” book for more tools and exercises that can help you manage your mindset, and guide your breakthrough.

• Have you been neglecting your self-care? If so, then it’s no wonder you’re feeling worn down and ready to quit. Even if you feel like you can’t take the time, you may have no choice but to take a few days (or even longer) off, and make some time for yourself.

• Do you have a pattern of walking away? If this is a common pattern of yours—to walk away or quit—this may be a golden opportunity to stay in the game … to NOT let yourself quit. In fact, it could be the beginning of the breakthrough you’ve been looking for.

Now, this is not to say you should never quit. There are absolutely times when quitting is the smartest option. But, before you do quit, it may be smart to make sure that truly is the best option for you.

If you want to dig into this topic more deeply, you may want to check out my “Love-Based Money and Mindset” book.

 

3 Tips for Improving Your Relationship with Money, So You Can Attract More of It!

3 Tips for Improving Your Relationship with Money, So You Can Attract More of It!

What “relationship status” social media icon would you use to define your relationship with money? Married? Single? Or maybe …

“It’s complicated.”

Ah, yes. As an entrepreneur, your relationship with money can certainly be complicated.

If you want to start attracting more abundance into your life and business, having the right mindset is the first step. That’s because there is a direct correlation between results you get from your own money-attraction exercises and strategies and how good (or bad) your money mindset is.

And where does an effective money mindset start? With your relationship with money.

On one hand, the human-money relationship is simple: money is what we use to obtain the things we want.

But—and here’s where things get tricky—we also need money to buy certain things that are imperative to our survival, like food and shelter.

As my friend Kendra E Thornbury says, money is fundamental to our survival, so there is a survival energy around it. Which means that if you experience a serious setback, you may go into fight-or-flight mode …

And, if that happens, you’re operating at a very low vibration (which may mean you’re not in the mindset to attract anything good!).

Here’s the thing:

So, how do you ensure your long-standing relationship with money is as healthy as possible so you can attract it effectively?

Here are three tips:

Tip One. Examine Your Relationship with Money.

Take some time to think about how you feel about money, and what it represents to you. How do you feel when you think about money? How do you feel when you get ready to look at your bank account? Do you tense up? Do feel excited? Are you scared of what you’re going to find? Are you constantly afraid you’re going to run out of money? Do you feel confident asking people for money when the time comes?

Then, think about where these feelings come from? Are you stressed about money because you believe there’s never going to be enough? Are you afraid to charge your clients a certain amount because you don’t believe you’re worth it? Do you believe people who have lots of money are somehow bad or evil?

Your beliefs about money—especially if they’re derived from fear-based emotions—likely manifest as blocks. They keep you stuck in a low vibration so that you’re not attracting more money; or, even if you are attracting money, it, too has a low vibration and brings with it even more fear-based emotions.

Tip Two. Shift Your Perspective on Money.

Once you’ve uncovered your beliefs about money, you can begin to shift them so that you’re operating from a higher vibration (and therefore, able to attract more money!).

Here are just a few ways I encourage you to think about money. There are several more in my Love-Based Money and Mindset book, but this will give you a great start:

Money is a “thank you” from your clients.

People hire you to help them do something they can’t or don’t want to do themselves. So when you complete the task for which they’ve hired you, they’re probably grateful. They’re more than happy to pay you to express that gratitude. And think of what you’ve done for them: you’ve taken a task off their plate, saved them time, and helped them move forward in some way.

There is enough.

Ultimately, no matter how much or how little money you’ve had at different times throughout your life, you’ve always survived. There is always enough.

Of course, I’m not saying you shouldn’t build a savings account and practice good financial management. But I am saying that it’s okay to let that stress go. There is no need to hoard money or to worry about it running out.

Money is a conduit for doing good.

If you shy away from having a big bank account, remember that because money is a universal representation of value, you can use it to do good. You don’t necessarily have to keep all the money you earn. What if you could use money to fund a cause about which you’re passionate—the local humane society, an international relief organization, or a child welfare program? Wouldn’t that give earning money a positive spin?

When you’re attracting money at that high vibration—happily bringing it in because you know you can do good with it—it will flow!

Tip Three. Fall in Love with Money.

My friend Morgana Rae shares an exercise for shifting your perspective on money so that you can fall in love with it.

If you’re experiencing money challenges, you have what Morgana calls a “Money Monster.” If your money were a person, what would it look like? At this point, it may look big and ugly and scary! Of course you don’t want to be around that person, right?

What if you could give your Money Monster a makeover … into your “Money Honey,” someone who wants to be there for you? And, to take this a step farther, what if you could actually fall in love with your Money Honey?

Morgana recommends making your Money Honey a person: the opposite of your Money Monster. Someone you could fall in love with. (Sounds yummy, doesn’t it?)

The good news is that your relationship with money is always evolving. Money attraction is a practice, and you can always shift what you’re doing so it works effectively for you.

And the great news is that you hold the power to transform your relationship with money and maintain a loving, healthy friendship with it, no matter how deeply rooted your beliefs are.

This is a great place to begin, and if this topic resonated with you, then I hope you’ll take it even deeper by picking up your own copy of Love-Based Money and Mindset, here.