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100: Mindset Success At Different Stages Of Your Business
I celebrate my birthday on 3rd June 2021. Because of this, I'm doing a Money Mindset Series: Birthday Edition. A gift for you as your money mindset mentor to create an outrageously successful life and business. In this Money Mindset Series, I hope that it will help you create wealth and gain practical wisdom on releasing your money blocks. For Women Who Love The F-Word: Being Fabulous, Having Freedom, Financial Independence and A Happy Family..... YOU HAVE A DIAMOND WITHIN YOU AND YOU DESERVE TO SHINE! Secrets of Manifesting Money Quickly Online Course ---> https://shor.by/moneymindset
Money & Me: Get anything you desire this year 5 Day Audio Program: https://www.soulrichwoman.com/money
The podcast features business leaders, celebrities and inspirational figures with guests including Gary Vaynerchuk, Sheryl Sandberg, Elena Cardone, Mary Buffett, Neil Patel, Kim Kiyosaki, Pia Wurtzbac, Gerry Roberts, Grant Cardone, Denise Duffield Thomas, Sue B Zimmerman, Jay Abraham, Robert Kiyosaki, Anik Singal, Blair Singer, Nas Daily, Dame Wendy Tan, Jacy Wee, Freda Liu, Carrie Lee, Success Resources Veronica Tan & Richard Tan and many more.
Hear more about amazing role models from around the world share their inspirational stories and practical tools for personal and professional success. In each episode, creator and host Genecia Alluora draws out the stories and deconstructs the strategies of remarkable figures making an impact. To Own & Love The F-Word: Being Fabulous, Having Freedom, Financial Independence and family.
Genecia Alluora is a former Miss Singapore, Cafe Retail Chain Owner and Southeast Asia Woman of Excellence 2010, 𝑰𝒏𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝑷𝒓𝒐𝒈𝒓𝒆𝒔𝒔𝒊𝒗𝒆 𝑾𝒐𝒎𝒆𝒏 2019. She is the Founder of Soul Rich Woman, the #1 female entrepreneur network in Southeast Asia that connects more than 200,000 women across the region in the ‘Soul F’ membership program. For the past 17 years, Genecia coached celebrities, CEOs and politicians to be seen as a leader on stage. Today, with the Soul Rich Woman Blueprint and online academy, she mentors hundreds of thousands of women to bring their business and leadership brand online. With her coaching products, academy and membership, her vision is to support 1 million women to own and love the F-Word.
[00:00:00]
Genecia Alluora: I celebrate my birthday on 3rd of June. Because of this, I'm doing a Money Mindset Series Birthday Edition. A gift for you as your Money Mindset Mentor to create an outrageously successful life and business. In this Money Mindset Series, I hope that it will help you to create wealth and gain practical wisdom on releasing your money blocks. For women who love the F-word, being fabulous, having freedom, financial independence and a happy family. You have a diamond that is within you and you deserve to shine. Secrets of Manifesting Money Quickly online course is available at shor.by/moneymindset.com.
[00:00:53]
Genecia Alluora: Hello, gorgeous, and welcome to today's show. I am so glad. My name is Genecia Alluora, author of Make It Happen, speaker and the founder of Soul Rich Woman. And today I want to talk about mindset issues at different stages of your business. Now, this is interesting because I've been talking about your mindset, how you need to break through in order to make a difference in the mission of your business. I mean, you want to stand out because there is a diamond that is within you and you deserve to shine. So in this episode, I want to share with you five stages of your business and the mindset issues that you might face. Are you ready? Let's go. Stage one, courage to own what you do and call yourself an X, Y, Z.
[00:01:49]
Genecia Alluora: For example, a coach or an author. Action will be to put your job title or your desired title on your email signature. You will start to see it every day and to start to believe it in yourself. Now, this is coming from a space where you feel like a fraud, you feel like an imposter. I want to help you. Let's go to the next one. Maybe you are still in a job, so it's tough to juggle everything. Stressing about getting your first client or charging people. Making the transition from free to paid can be tricky, but just pick a number and try it out. Procrasti branding. That means you add procrastination and branding. That means you keep getting stuck thinking that you need a website to get started or get business card. Just focus on getting your first client.
[00:02:50]
Genecia Alluora: Procrasti funnels. That means you have procrastination about building your funnels and you're thinking, what is the funnels that you need to build to get started or to launch your first landing page? You know what? Just focus on getting your first client. You might be still thinking or be in your practice business. That's okay. That means you're practicing. It's all good practice and it all counts. Be confident that your previous work experience or your practice, even though it failed in your businesses, as all experiences count. The roller coaster of terror of having no income from the start. So the roller coaster of going down, terror, this is so scary, and the excitedness. Oh my god, I love starting my businesses. I am now my own business owner.
[00:03:53]
Genecia Alluora: Say yes to everything. It's all expensive. Throw everything at the wall and see if it sticks. So just try. Go out there. Never just filter everything. When you're early stage entrepreneur, you just want to go ahead. And in our singlish, we call chong. Literally, it means that move ahead. Now we go to stage two of your business. Here are some of the mindset issues that you might face in stage two. Fear of being visible, worry that if you blog or you podcast or you overpost or you post on social media, you write on Instagram, you'll get hate this. Or if you do videos, people will criticize you. Now, the fear stops when you are doing more things in your business. Well, anyway, the reality is it probably won't happen for a while anyway.
[00:04:54]
Genecia Alluora: You might struggle being consistent in your marketing because you are still figuring out your target market, who is your fish, what is your value ladder, what funnels you need to build, what is your soul rich woman blueprint, what is the star, what is the glow. Or you might make some shifts to refine it further. Just tweak as you go along. Quit thinking and start doing. Just keep going and pay attention to what resonates with you and get a mentor to kick your ass as well. Now, if you do nothing, to be honest, you will not be able to figure out what your audience really wants. Boundaries might start to be a problem with clients because you are so excited to even have them. So you're overdelivering like crazy and telling them things like, call me anytime, you can WhatsApp me, you can Viber me, you can line me, you can We chat me anytime.
[00:05:57]
Genecia Alluora: Or letting them message you at all hours of the night. Anyway, this is priceless learning for you when you are going through this journey and learning to set boundaries and when to say no. Procrastination and fear of creating passive income products, even though you know that you should because you're starting to see the limitations of doing one on one work. Now, what does it mean? It means that you are so fearful of creating passive income products because you're sitting down, you got a plan, you got to write it out, you got to do your workbook. Oh, my God. Genecia, it's a lot of work. But you know that you should because you're starting to see your limitations of only doing one on one work. Less time, less freedom.
[00:06:52]
Genecia Alluora: You're still learning everything yourself. So you're thinking you could start to delegate some stuff out. Well, you need to start delegating. You start to invest in yourself more, maybe with a coach or masterminds. Start to say maybe to everything. Think about if it fits into your business before you say yes to opportunities. Stage 3, you're thinking about more systems and processes, feeling like a grown up. You want to hire out more and you start to think about what it means to be a CEO. Okay, CEO is not chief executive officer. In this stage three, it's called chief everything officer. You want to not become Chief Everything Officer. You want to be the chief executive officer, and that is key.
[00:07:56]
Genecia Alluora: You're also gaining momentum. Time to raise your prices to make sure you have the right clients. Boundaries with clients make you realize you need to tighten up some of your legal processes. Now is the time to make sure you have your contracts sorted out, terms and conditions. You'll learn this by trial and error, maybe through nightmare clients. Then again, these are priceless lessons. Start outsourcing things that stress you out. Maybe your customer service inbox, graphic design, your podcast, editing, or technical website stuff. You start to tighten up the costing, the cost center of your business. Maybe you got a little bit too excited about earning money that you got crazy spending on personal development.
[00:08:51]
Genecia Alluora: Now it's time to start paying yourself salary in stage three. Put on your big girl panties and talk to your accountant about your business structure or talk to your business mentor. Is it time to upgrade? Save for tax? Start to say no to things that aren't in your zone of genius or things that don't work for your business anymore. Stage 4, loneliness. At this stage, it might be hard to find the right groups or mastermind for you. You need to be upgrading and make sure that you are surrounding yourself with people with similar energy, ambition, or mindset with you. Copycats. Might be a problem at this stage 4, while people are noticing what you're doing, and then you'll get people flat out or accidentally copying you, including old or current clients.
[00:09:51]
Genecia Alluora: Either don't take it personally or get legal. Tighten up legals even more, including business insurances, contracts, and trademarks. Fame, and popularity. Not frame, fame and popularity. You might get fan girls who love and adore you. Now, this can feel great or overwhelming depending on your personality. It can feel a little bit isolating when people put you on a pedestal. Burnout. Now, some people get super burnt out at this stage and wonder how they'll keep going at this pace forever. And that is why I want to tell you that you must build your freedom lifestyle. F word, being fabulous, having freedom, financial independence, and happy family. Work towards that.
[00:10:53]
Genecia Alluora: Stage 5. Embracing your role as a leader and being willing to take on the role in your communities. Be willing to hold the space for people. Set rules in your business in how you want to interact with people. Your motivation might change from money to other things in your business. For example, you might want to build more philanthropy into your business. Some people get bored and break their business by thinking they have done everything instead of deepening. You start to get more brutal with your time and evaluate opportunities with a more business like I, for example, instead of going to conferences as an attendee, you speak on stage, you become a sponsor, you become a moderator, so you can leverage your time.
[00:11:49]
Genecia Alluora: You learn how to manage your money better with financial advisors or accountant learning to be a rich person. Some people look to retirement. What's next? Maybe you don't hustle as much. The momentum is hard to switch off here if you have been consistent for many years. The years of layering in boundaries, products, services, passive income products, etc. So earlier on, I just mentioned to you the five different stages that really reflects the mindset issues that can pop up for you. I just want to do this episode so that you can be aware nd save this episode because that's when you can check back in to see if you have such things or such issues that pop up in your mind as we go along developing and growing your business.
[00:12:42]
Genecia Alluora: So I just want to say thank you very much to be here and just want to say that we all have a part to play in this. This is your time and you are ready for the next step. The more you take action in a consistent way, the faster you build your momentum and really grow your business. Now, if you love today's episode, do rate, review and subscribe to our podcast on iTunes and Spotify or any apps that you are using to listen in because it helps us get found. Someone might just need to hear this episode today. As always, I love you, sincerely appreciate you and thank you for being here. You are the reason why I show up every single day to walk with you, not in front of you. I'm right here beside you. Perfectly imperfect. Thank you and see you in the next episode. Bye for now.
[00:13:36]
Genecia Alluora: The key to unlock consistent success. The key to unlock that diamond within you. No other things involved. This is what you need to do and must do tonight. You can do it because I've done it. As long as you have a mentor who can take you from where you are now to where you want to be, you can shortcut your success. You can be different in order to make a difference. Turn your talent into your business. Turn your passion into a paycheck by being you, by being you and owning you. Give yourself a second chance. Never say no to your failures. As a woman, we have the power in our hands. Never let your fears hold you back. Quit thinking and start doing. Life is really short and keep pursuing what you truly ever wanted to achieve. Women come together. Alone, we are strong. Together, we are unstoppable. The Soul Rich Woman Blueprint is going to be transforming your life today, yesterday, last year. Because you took action today, I'm going to say more power to you.