Are you always the last one who gets paid in your business?
Are you always unprepared and scrambling for money when tax season comes?
Do you make money in your business, but you never really know where it goes and you never seem to have enough?
When you’re running a business and have a gazillion things to do, it’s easy to ignore money until you absolutely have to – and that’s when you get in trouble. What if you did the opposite?
“The more you pay attention to your money, the more it’s gonna grow.“Jen Paterson
Jen Paterson is a money coach for service-based mompreneurs on the verge of six figures. She teaches them simple strategies to increase their take home pay without sacrificing business growth.
In this interview, she shares the main money mistake entrepreneurs makes, how to manage your business finances so you have money for everything you need (including your own paycheck and taxes) and so much more. Let’s dive in!
In This Episode
- Welcome Jen! Her story and how she found her calling. [02:47]
- Why making money isn’t the solution to all your problems. [05:58]
- The main money mistake entrepreneurs make. [07:14]
- How much money should you invest in each area of your business? [10:47]
- What do entrepreneurs invest in that’s not necessary for their business growth? [13:45]
- Why good money strategies without a solid money mindset don’t work. [23:04]
- What happens when women allow themselves to want and earn more money: a case study. [27:32]
- Money as a tool that can be used for good or evil. [30.31]
- The first step you can take today to get back control of your business finances. [32.00]
- Parting words from Jen and how to connect with Jen. [34:06]
Follow Jen on Instagram: https://www.instagram.com/jenpaterson.biz/
Check out Jen’s website: https://www.dollardivas.org/
Listen to Jen’s podcast, “Money, Motherhood, & Entrepreneurship”: https://www.dollardivas.org/mmepodcast
Book your FREE Discovery Call with Giorgia: https://app.acuityscheduling.com/schedule.php?owner=17213636&appointmentType=11135907
Connect with Giorgia on Instagram: https://www.instagram.com/itsgiorgiag/
Take the quiz: How Are You Sabotaging Your Business Success?
“A lot of coaches will focus on is the solution to your problem is just more money and nine times outta 10, that’s not the solution to the problem. All that does is take existing problems and amplify them.”
“I always recommend is even if it’s only 1%, like that one penny of that $1 that you are paying yourself is make sure that you are actually doing that, even if it is that 1%, because that is going to trigger something in your brain that’s gonna say getting paid is part of the deal.”
“If you have all the strategy in the world, but your mindset isn’t where it needs to be, then the strategy is useless. But if you work entirely on mindset, but don’t actually put anything into action, that’s equally useless. So they need to work harmoniously together.“
“So wouldn’t you rather somebody like you who will take the money, the tool and do wonderful things with it? I mean, think about all the wonderful things people have done with money and throughout history, truly remarkable things. Or would you rather it be in the hands of the people who are gonna do bad things with it?”