Handling Debt with Confidence and Clarity

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There’s no question about it: if you’re running a business (or thinking of starting your entrepreneurial venture) then debt is likely something that’s on your mind.

Some financial experts (like Suzie Orman for example) will advise that you save a year or more of expenses before starting your business. Now, I’m no financial advisor but if I — and the hundreds of women I’ve coached to be successful in business — followed that strategy, we wouldn’t HAVE any businesses!

Businesses are traditionally started and grown on loans, and your entrepreneurial venture is no exception. And this can be a positive reason to create debt.

Whether you’ve borrowed money from a family member or from your savings accounts or you’ve used your credit cards to fund the startup and growth phases of your business, a growing business needs working capital. When I first started my business I relied on money from the recent sale of my then-house to cover my bills while I learned how to market my services.

While there are many reasons that it can make sense to create debt for your business, for most women, it can stir up feelings of guilt or failure. Beneath the surface that guilt is tied to self-worth and this can chip away at your confidence in making choices about where and when to invest in the growth of your business.

It’s important to remember that debt, like money, is just another mirror of how much you believe in YOU. The main point is not whether or not you have debt, but how you handle it. Here are some of my top tips for handling debt with confidence and clarity:

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What Trumps Budgeting Every Time For Generating More Money

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All women entrepreneurs want to learn how to make more money in their business but unless you also learn the secrets to keeping more of what you make, what you do create will quickly slip through your fingers.

And one of the biggest mistakes women entrepreneurs make in growing their business is to think they need to wait until they’re making more money before beginning to create empowering actions with money.

This is so not true and will actually slow your progress down more than you might think.

I didn’t always run a multimillion dollar business. Back in my early, struggling days I too, worried about how to break free of the roller coaster money months cycle I always seemed to find myself in. It wasn’t easy, as back then, there wasn’t anyone teaching women biz owners the insider’s secrets I now freely share.

Luckily, I kept at it and finally, “cracked the egg”, creating a few simple systems that resulted in both a huge leap forward with my income AND in the amount that stayed put in my bank account.

And I continue to follow these same simple steps every day, even as my business continues to grow and thrive.

Let me share with you 3 simple tips to implementing my FAVORITE action step you can take to help you create and KEEP more money via your business.

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What Do You Do When It’s Time to Let a Program Participant Go?

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For years, I’ve mentored my clients to offer high-end coaching programs because hands down, it’s the single greatest strategy for creating 6-figure income. And for giving your clients the “best of all” benefits of private coaching, the synergy of a group and content-specific training.

Personally speaking, running my Platinum, Stars and Diamond-level coaching programs has been one of the most richly rewarding ways I can be of service to my clients.

But there’s no question that these types of programs are high intensity, high commitment experiences. That’s why when difficulties arise, as they sometimes do, you may find yourself resisting addressing the issue at hand.

You’ll know this is true for you if you find yourself involved in an internal conversation that sounds something like this: “I don’t want to hurt their feelings” or “I know they’ve been going through a lot lately” or “What will others think of me?”

As a woman entrepreneur, it’s natural to want to give people a chance to make improvements. We believe in others, even when they can’t do that for themselves. But after many years of running highly successful, high-level programs that have generated millions in revenue, I’ve seen the downsides of not resolving client situations.

The key thing to remember when working through these situations is that a difficult client left unchecked becomes a boundary issue for you, and a drain on the emotional energy you need to grow your business. If you’ve been following me for a while, you know how passionate I am about women maintaining their boundaries – body, mind, and spirit!

So read on for 3 of my best tips for maintaining your boundaries while handling challenging participants in high-level programs:

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Are You Empowering Your Team to Be Income Producing?

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Of all the coaching and business tips I provide to my clients, the one that gets the most resistance is the hiring of a support team. The reason I usually hear is, “I can’t justify the expense,” or “I can do it myself much more quickly.”

Ladies, this is a myth that’s not only holding you back in terms of getting your deeper work out into the world, I guarantee you it’s also slowing the growth of your business!

The problem is most entrepreneurs see team as an expense. And I used to think that way too, until I created a different mindset. One that immediately transformed not only the people I chose to hire, but the kind of work they did for me. The result? My team quickly stopped being an expense and started helping me actively add new revenue to my business.

By making the simple mindset shift that every member of your team be income producing, you create a climate of excitement and collaborative success within your business. And yes, this applies to you even if your business is run from your kitchen table!

Discover how your team can be income producing – and more satisfied with their work as well – with these business-changing tips that keep my business (and my team) focused on financial success:

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Are You Losing Faith In Your Business Results Too Soon?

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A woman entrepreneur’s spirit and faith can often be tested when it comes to marketing and business. For example, let’s say you just signed on a new client, only to have their credit card decline. Or, the new program you were so excited to launch fizzles out with few registrations.

Women take setbacks like these personally, allowing these situations to stir up painful feelings of doubt, fear or diminished self-worth. Discouraged, they begin thinking they’re not good enough, or that the Universe is “giving them a sign” to try something else.

The problem isn’t the client’s credit card or the launch that fizzled, it’s giving up too soon. Listen, growing a business takes enormous faith that you access and tap into every single day.

Learn what my 3 favorite secrets for keeping the faith so that you can continue to grow your business, even when something happens that might tempt you to throw in the towel.

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The Best Tips on How to Become a Wealthy Woman

I wanted to share a project that I have been involved in. It’s all about helping you become a wealthy woman!  It’s a free, downloadable ebook full of articles written by some of today’s top thought leaders from all over the world, including yours truly!

It’s all been compiled and put together by my friend, Heather Wilson, who also happens to be a wealth-esteem coach. She helps women develop a fun and rewarding relationship with their money, leading to crazy wealth and ultimate happiness. And you know I love that!

All you have to do to get this e-book is click right here. There are 101 authors sharing 101 articles to inspire, motivate & empower you to take charge of your money and live your best life. Some authors you might recognize include: Mariel Hemingway, Ali Brown, Morgana Rae, Loral Langemeier, David Neagel, Barbara Stanny and many more.

Grab your copy of Becoming a Wealthy Woman today.

The Missing Ingredient to Reaching Expert Status

As many of you know David Neagle is my good friend and mentor. The other day when he was talking to me about the idea of being “marketable” I knew he was really going to strike a cord with people.

You see, there are so many misconceptions about marketing and what it really takes to build your business. I am sharing my thoughts on it in my new video and audio training series called Money Blocks and Breakthroughs and David is sharing his piece of the puzzle in a brand new LiveStream event: Are You Marketable? A 90-Minute, No-Cost LiveStream for Entrepreneurs Fed Up with Just Making Ends Meet with Moderate Results & Seeking THE Catapult for High-Level Connections, Credibility, & Clientele”

If you are you doing everything you can think of to get your message out and to gain traction and create an impact but it’s not happening then you want to make it a point to join David Neagle for this one-time-only LiveStream event, where you’ll discover the mystery KEY so many of his clients have used to successfully monetize their marketing to exceed the 7-figure mark.

I know I am going to be there. I hope to see you too.

It’s happening August 17, 2011, at 2 p.m. Eastern / 11 a.m. Pacific and it completely FREE for you to join. Just click here to register.

Time Secrets of 6-figure Entrepreneurs

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More and more I’m being asked, “Kendall, how do you spend your time? Tell me what a typical day looks like for you?”

No matter how much you may believe in abundance, time is the one resource that is non-renewable. Every moment is precious and once it’s gone, it’s gone for good. Which is why likely the biggest shift you can make to grow your business is to get a handle on how and where you spend your time.

Because most women entrepreneurs waste quantities of time on tasks that have no meaning, don’t add to their bottom line and do nothing to further getting their message out into the world.

My question for you is, why?

The answer is usually fear. Because the bottom line is, if you weren’t super busy doing all of the stuff that seems so important — but could easily be handled by someone else or ditched all together — there would be no excuses or distractions to keep you from taking a powerful leap forward into the amazing, magnificent success you secretly yearn to create.

Because when you strip away all of the distractions and busy-work, all you’re left with is you. And that scares the crap out of many women entrepreneurs because they’re afraid they won’t make it, they’re not good enough or that someone, they’ll fail.

So, while I’m happy to share my 6-figure time secrets with you (and many are the same ones I use today to run a multi 7-figure business) I ask that you be willing to implement them. Now. Today. Because living in fear of your greatness is no way to live and because I believe in YOU and the gifts you’re meant to share with the world, in a very big way.

Here are a few of my time secrets...

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Are Your Man’s Money Beliefs Holding You Back From Success?

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If you’re in a committed relationship then you’ve likely experienced having an argument about money. Add in to the mix that you’re woman entrepreneur and arguments about money can magnify in both frequency and intensity.

Studies show that the number one topic couples fight about is money. I’m not surprised, since money is often a mirror for both where we give up our power and for mirroring our fear of not having enough. No wonder this is such an emotionally charged topic!

And as a woman entrepreneur, growing you’re business is dependent upon you investing in training courses, attending events, participating in coaching programs and other activities that your spouse may see as frivolous, when in truth, these are the very actions that will help you leap out of overwhelm and into success.

So, what’s an ambitious woman to do when she loves her man and doesn’t want to compromise her business growth by holding back, but doesn’t want to get into another argument over money?

Sit tight and buckle your seatbelt…I’m about to share three tips with you that will help you keep the peace AND give you permission to invest in your business so you can watch it grow.

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Quick Cash Flow ‘Slump Busters’ For Your Biz

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As a women entrepreneur, when you need to generate cash quickly in your business, do you have a clear plan of action, or do you start to feel a little panicky?

Maybe you can relate to what happened for me the first few years of my business: My income would swing wildly from month to month. I kept thinking I was doing something wrong and would try to fix the problem by working harder.

Because I was caught in the emotional charge of the situation, I wasn’t able to see this was a recurring money pattern, or even that I had the power to transform it.

But once I stepped back I could see that I had a lot more control over my cash flow than I had been giving myself credit for. Which is why I’m sharing my top 3 tips to help you generate quick cash flow in your business and even out some of the financial feast or famine you may be experiencing.

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