207. Wealthy business owners know how to MANAGE money
Register for my FREE wealth class for entrepreneurs hosted every week: https://ginaknox.co/masterclass-ad
Join Small Business Money School: https://ginaknox.co/school
Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind
In this episode, Gina Knox discusses the critical aspects of managing money as a business owner, emphasizing that emotional management is far more important than mere bean counting. She explains how business owners face unique financial challenges and stresses the importance of pausing to process emotions before taking action. Gina introduces the concept of 'unbothered energy' as a way to navigate financial stress and encourages listeners to focus on emotional resilience to foster business growth.
Timestamps:
00:00 - Rethinking Money Management
02:53 - The Emotional Side of Business Finance
05:45 - The Importance of Pausing Before Action
09:07 - Unbothered Energy in Business
11:59 - Beyond Bean Counting: The Path to Wealth
Takeaways:
- Managing money is 90% about emotions and mindset.
- Business owners face unique financial challenges daily.
- Emotional reactions can dictate business decisions.
- Pausing before action can prevent self-sabotage.
- Unbothered energy helps in managing financial stress.
- It's crucial to feel emotions without letting them dictate actions.
- Rejection should not lead to drastic changes in strategy.
- Focus on feedback from paying customers, not those who say no.
- Financial literacy is important, but emotional management is key.
- Wealth building requires emotional resilience and strategic thinking.
Category: Wealth
Keywords: money management, emotional intelligence, business finance, wealth building, emotional resilience, financial strategy, business growth, unbothered energy, mindset, financial literacy
