Money Love Manifesto
Money Love Manifesto
WORKBOOK
Mindset
Marketing
Money
I have been a woman from all walks of life, just like you. An angst-ridden teenager,
a mother, a do-it-all-wife, a know-it-all-divorcee, an academic, an employee, an
employer and a survivor of much.
I coach women, just like you, who have a radical desire to succeed no matter what—
women who strive to build a business, to thrive against all odds. Women who will not
fail.
So here you go. Here is the answer to your problems in your quest to live your
entrepreneurial dream.
The hardest part in anything that we do is the beginning. Most people don’t even get
to the beginning because they talk themselves out of it well before they drive that stake
into the ground. Here’s what I know: you want to be successful in business real bad but
something is standing in the way of you taking that first step, taking a giant
leap forward or jumping in with both feet.
I am a business coach for entrepreneurs who want it all. I am a firm believer in radical
self-love, and a proponent of tough love, delivered just as you need it.
I know what it feels like to have your nose pressed up against the window, watching
other people’s happiness, success and fulfillment unfold. It’s no fun. Being a Woman
on Top is about breaking through that window and getting some success for yourself,
making money doing what you love and dominating your profits.
Profit Domination is about taking control of every part of your business and your self.
It’s about facing fears, kicking “buts” and leaving nothing to chance. It replaces luck
with good planning and lets you take control of your money, your mindset and your
future. “The Profit Domination Workbook: Guidance, Support and Travel Directions
for Women on Their Way to the Top” is a necessary tool for any woman who wants
a taste of success or wants to devour it. There are three major arteries you must flow
through: Mindset, Marketing and Money, to get where you want to go. I suggest you
work this book every day to give you the kick in the butt, or your “But,” so that you can
stay on course to getting exactly what you want out of your life and your business.
I have two great teenage daughters (yeah, I know, oxymoron), great friends and a
love of travel. I lived in Europe for five years because I felt like it and I drive my kids
crazy with talk about possibility, opportunity, and not settling for practical or the easy
way out.
I guarantee that you will move mountains if you stay the course. Get in touch with me
at [email protected] so I can give you that kick-ass coaching session
you get with the purchase of this workbook.
To Your Success!
Love,
Copyright and Terms of Use
ALL RIGHTS RESERVED No part of this workbook may be reproduced or transmitted
in any form whatsoever, electronically, mechanically, including photocopying, recording
or by any informational storage or retrieval system without the written express, date and
signature of Odette A. Laurie, owner of Women on Top Business Coaching and author
of this workbook. YOU DO NOT HAVE THE RIGHT TO TO REPRINT OR RESELL
THIS WORKBOOK! If you obtained this workbook from anywhere other than Women
On Top Business Coaching you have an illegal copy. 2013 Women On Top®
Disclaimer
The information presented herein represents the view of Odette Laurie, author as of the
date publication. The author reserves the right to alter, change and update her opinion
as she decides. The publication is for informational use and purpose only. While every
attempt has been made to verify this information provided in this publication, neither
the author nor her partners/associates assume any responsibility for errors, omissions
or inaccuracies. Any slights of organizations or persons are unintentional. If advice
concerning legal or any matters is required, the services of a designated professional
should be sought after. This publication is not intended for use for legal business
practices in any province, state or country in the world. Any reference to any business or
persons, whether dead or living is purely coincidental.
Table Of Contents
Introduction: I Get the Pain, Just Do the Work! ........................................... 1
Section 1:
I know it’s scary. I know it’s hard. I know about the pain and sacrifice.
In 2011, I lost my job, both my parents fell ill and eventually died, I
ended a relationship, moved out of my home with my two teenage
daughters, and returned to the city with nothing but a struggling
business. AND the stress was so bad I lost the use of my arms. I was
paralyzed from the neck down to my fingertips from two severely
pinched nerves. I almost don’t believe that story myself.
By the end of 2012, just one year later, I wrote a book, I changed the
face of my business, I changed who I was because I changed who I
wanted to be, I got my ass into a serious coaching program, I spoke
at a major event with celebrity status, and my business began to soar.
1
There are two sides to being an entrepreneur. The business side is all
about marketing, sales and service, money and so on. The personal
side is all about who you are and how you show up to do business.
You can’t have one without the other and to dominate your profits,
you need to work on your mindset, marketing and money.
2
Change can be difficult and overwhelming. When you start up a
business, you work 24/7. Building the life you want takes practice,
not to mention lots of thinking, decision making and action, changing
mindsets, forming new habits, learning new things, and sticking with it
no matter what!
3
There are three sections to the workbook.
Section 2: Marketing Like You Mean It. This section gives you practice in
networking and attracting and keeping your customers, pitching your product or
service, getting the word out near and far, and developing a business plan built
on your “why.”
Section 3: Money is Mindset. Section 3 is all about money: how to get it, how
to make it, getting paid what you’re worth, and what to do if you don’t have any.
4
Mindset
SECTION ONE
The exercises in this section will give you practice and strategies for
dealing with:
Self doubt
Procrastination
Indecision
Monsters under the bed
What if’s
Big “Buts”
Negativity
Nay sayers
Bad little voices in your head, and
Any other barriers standing in your way to
Profit Domination
6
What are you passionate about? Why do you want to build your own
business? What will drive you when things get tough? If you don’t
know WHY you’re doing something, you’ll never reach your goal.
BUILD YOUR BUSINESS AROUND YOUR WHY. Your WHY is the
root of all you do and must be personal.
Do you want to be your own boss? Work from home? Travel? Set
your own hours? Fulfill a lifelong dream? Make more money? Learn a
new skill? Charge what you’re worth? Send your kids to college? Buy
a cottage? WHY DO YOU WANT THIS SO BAD?
When we develop your business plan, your vision and goals will be
aligned with your WHY and this will give you the confidence, courage
and conviction you will need to deal with adversity. Here is my WHY!
7
Odette's Manifesto
8
I’ve shown you my WHY. Now it’s time to write yours. I know you’ve
been thinking about it. Now is the time to bring it outside of your head
and put it on paper. Make it real, attainable and doable. When you
see your WHY on paper, it becomes a type of commitment. It’s no
longer an idea rambling around in your head, but something concrete
that you can stick on your fridge, post on your webpage, put on your
screensaver or I-pad, and tell the world about! Once you get it out
there, you’ll feel both liberated and scared!
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1 Write down the most important, compelling personal reasons you
have for starting your business? What do you really want? What is
driving you?
2 What are your core values and beliefs? What are you going to
stand up for? What are you most committed to? When everything
is falling around you, what is going to keep you going? This is your
heart and soul and the stuff you’re made of!
I believe
10
Do you wake up loathing what the day will bring? Do you routinely
hear negative voices in your head saying “you’ll never make it,”
or “quit while you’re ahead,” or “you’re about to make the biggest
mistake of your life?” We all get this brain trash which creates self
doubt and negativity. STOP IT RIGHT NOW! You can learn to DUMP
THE BRAIN TRASH and build a positive mindset.
Try this...
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No one can ruin your day without your permission
Others can stop you temporarily but only you can do it permanently
Whatever you are willing to put up with is exactly what you’ll have
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Life’s precious moments don’t have value unless they’re shared
When your ship comes in, make sure you’re willing to unload it
13
DUMP THE BRAIN TRASH and build a positive mindset by
completing this worksheet.
1 Write down ten things that you are great at. Now write 10 more!
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2 What is your brain trash? What sorts of negative self talk to use?
List five phrases you commonly say to yourself.
Being able to identify your negative self talk is the first step
in overcoming it.
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3 What are you going to say to yourself to dump the brain trash?
What positive phrases can you say instead? Make up five of your
own right here, or use some of Odette’s on the previous page.
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This is your spot to doodle, jot, and park your thoughts.
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Is your life and business where you want it to be? Is it “okay, but…”
or “I’m getting by, but…” Maybe you’ve talked yourself out of reaching
for success by saying, “Ya but I’m not good enough to make that kind
of money...ya but I don’t have enough money to start up a business...
ya but I can’t find the time...ya but…” BUT WHAT!? You are
sabotaging your own success by talking yourself out of going for it!
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Take action: You need to start believing in yourself and stop the
reoccurring Big “But” conversations.
SERIOUS
MARKETING PLAN
KICK-ASS
MINDSET
To develop a serious
marketing plan, you need
a kick-ass mindset.
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Here are simple, effective, on-the-spot strategies to kick your Big
“But” to the curb once and for all!
1 Think about the 7 Big “Buts”. Which ones do you own? Do you
use other “Buts” not listed? List your biggest “Buts” here. Learn to
recognize them and be aware of their impact.
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2 Write a list of all your life’s accomplishments. Don’t over think
it, just jot them down (e.g. won a curling bonspiel, learned to kayak,
spoke in front of a large audience, graduated, was promoted…). For
each accomplishment, describe the impact that it had on your life.
Post this list and when you start to think others are better
than you, use it to remind yourself of all your achievements!
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3 Write down three huge failures in your life. Write down the
positive results of your failures.
I realized a 9-5 job wasn’t for me. I had more time to dedicate to my
I got fired
own business. It made me desperate and hungry to succeed.
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4 List three things that you are good at. Explain how you became
so good.
I like to experiment and add my own touch to recipes. I bake a lot and get
Baking
feedback on what’s good or not-so-good from willing guinea pigs!
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5 Name a person who you admire for their success (e.g. celebrity,
athlete, entrepreneur, teacher). List all the skills, traits, abilities, and
values that you believe they possess. Look at the list and check
off the ones you think you have. Now, ask a friend, family member,
colleague, or someone who knows you well and who will be truthful to
identify your most valuable skills and assets. Compare the three lists.
They show you what you aspire to be, how you see yourself and how
others see you. All good information!
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6 Identify two things that you really want to try or do. What are the
actions you need to take to achieve these things?
Take singing lessons, sing in the shower, hang out with singers, join a
Learn to sing
choir or theatre group
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7 Choose three things that you want or need to accomplish. Now
give them a priority, with a deadline. As soon as you write them down,
they’re real!
my tasks my commitment
I will do two each day and complete the whole book by November 10,
Finish all the exercises in this book
2014.
26
8 We are resistant to change. Change is scary and uncomfortable.
How do you feel about change? Place an “X” beside the sentence
that best describes you.
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This is your spot to doodle, jot, and park your thoughts.
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Oh how we hate hearing the word “No.” No is power packed with
all kinds of emotional messages, like “no, you can’t do that,” or “no,
you’ll get hurt,” or “no, that’s not a good idea,” or “no, you can’t wear
those!” Since childhood, we’ve learned that “No” is a bad thing and it
stands in our way of getting what we want. Ultimately, we let it affect
our self worth. If we were better, then we’d hear “yes.”
We can’t avoid hearing the word “No,” even though we go out of our
way to escape it. Our relationship with the word “No” is the root of
all that is bad in our business. We feel guilt and fear rejection. It is
paralyzing and a big energy drain. “No” is just a word. Don’t attach
meaning to it that doesn’t exist. Try these do’s and don’ts to rewire
your thinking.
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DO DON’T
Accept it. Not everyone needs or Feel like a failure or think you’re
wants your product or service. not good enough.
Take “No” at face value. It means Try and assign meaning to “No,” or
no, not right now, no thank you. make assumptions, e.g. She said
It’s just a word. “No” because she doesn’t like me,
or “she must think my idea is stupid.”
And don’t assume silence means no.
Go with your gut. If your first Second guess yourself, hem and
instinct is to say “No,” then say it! haw, then end up saying a very
weak, “yes, alright…”
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You really have to get cozy with saying and hearing “No.” You have
to prepare and practice over and over again. Here’s how you get into
bed with “No” (progressing from the easiest techniques to the most
difficult):
Stand in front of a mirror and look yourself in the eye. Say “No.”
How does it make you feel? Change how you say it. Look at your
facial expressions. Repeat over and over again. You can also try
video taping yourself or audio taping. Get used to how it feels and
how you deliver it.
Try a role play. Get a trusted friend or family member to make you
an offer that you don’t want. Say “No” to them. Watch their reaction.
How do you react? Reverse roles. You offer them something they
don’t want. What does it feel like? How do you respond?
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Write personal affirmations. Affirmations are succinct statements,
written in the present tense, that describe how you want to be. They
put you in a positive mindset and keep you there when things are
tough. (e.g. “I am confident in my abilities.” “I find opportunity in every
set-back.”)Post your affirmations where you can see them everyday.
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Your turn! Use this worksheet to plan and prepare to get into bed with
the word “No.” How are you going to do it? Make a plan and act on it!
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3 What obstacles might you face? What is your plan for
overcoming these obstacles or challenges?
4 Identify people who you will ask for support and help.
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5 Write a personal commitment to yourself, right here, right now.
Specify one thing you will do within 24 hours.
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Special news flash—you’re not perfect. None of us are. We all make
mistakes in our personal and business lives. Embrace imperfection.
You will get further, faster if you stop expecting perfection. It’s not the
mistake that is the failure, it’s how we handle it.
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Builds strength and resilience
Don’t fear failure. Good things come from it. Make mistakes,
learn from them, and get better.
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So you got a failing grade. What did you learn from it? Complete
these questions every time you make a mistake and you will soon
see how failing pays off.
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3 Next time...and there will be a next time...what will you do
differently? Use the chart to organize your thinking.
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This is your spot to doodle, jot, and park your thoughts.
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Marketing
SECTION TWO
The exercises in this section will give you practice and strategies for:
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Here’s the bottom line:
To make serious money, you need serious clients. To get serious
clients you need a good marketing plan. To get a good marketing
plan, you need to take control and do it!
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A GOOD PLAN A NOT-SO-GOOD PLAN
Is a concise action plan with realistic Is a lengthy business plan for a bank
steps to take in the next 30, 60, 90 or lender that focuses on establishing
days so you can achieve your goals. your eligibility for funding or loans.
You may have to do it, but it’s not
action oriented.
44
Think about your manifesto, core beliefs and most compelling
reasons for starting your business that you identified in Section 1.
Now it’s time to develop strategies to achieve them. Yes, right now. If
we wait until the perfect time, or when we have all the information, or
enough money, or...that time will never come. No excuses. Do it right
now.
1 A) Write down one action step you will take within 24 hours to get
started on your business.
B) How will you know when the action is complete? What is the
outcome you want?
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2 Write down one action step that you will take within the week,
using the A, B, C format.
3 Write down one action step you will take within the month, using
the A, B, C format.
Now you have the hang of it. Keep going. Extend this to two
months, three months, a year.
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This is your spot to doodle, jot, and park your thoughts.
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All the passion in the world won’t get you where you want to be
unless you support it with a solid understanding of your market and
marketplace. You need to go through the 5-step process (why, what,
who, where, how) and find the answers. Here is an example of the
types of questions you need to answer, but it’s not an exhaustive list.
You will have many more questions as you go along.
Why?
What is your why? Why are you doing this? Are you passionate about
this idea? Can you picture yourself doing this every day? What does
your family think? Are you willing to invest money in it? Will you listen
to others? Are you willing to make sacrifices?
What?
What service or product will you sell? Does it fill a need or want? Are
others doing it? How will yours be different or the same? What can
you learn from others’ successes and failures? What are the trends in
the industry? What’s the marketplace for your idea like? What’s your
start-up cost and is it viable?
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Who?
Who are your existing clients and why are they loyal? Who is your
ideal client? Who needs/wants what you have? What motivates them
to buy? What is their age, gender, interest? Are there sub sets in your
client base (e.g. cat owners is a sub set of pet owners)? Are they
being served?
Where?
How?
How will you deliver the product or service? How will you promote,
price and distribute it? What method of distribution is best suited to
your client (e.g. consignment, retail, wholesale, broker...)? Can they
buy on-line? What are the costs relative to market coverage?
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Use this chart to organize the questions you want to answer. Identify
two or three key questions for each of the five steps. This will get
you started. Add to the list as you go. Every answer will raise more
questions, and that’s good!
Why?
What?
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Who?
Where?
How?
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Open heart, open mind may not sound like a kick-ass marketing
mindset, but it is. Here’s why:
Open Heart
=
Know-Like-Trust
Factor
If you approach customers with an open heart, they will get to know
you, then like you, then trust you, and that is good for business.
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Open Mind: Try This...
Surround yourself DAILY with powerful and inspirational messages:
collect quotes and pictures in a journal or post them around
your home or office
read inspirational books, listen to inspiring music
try yoga or meditation to declutter your mind
surround yourself with like-minded people who energize and
inspire you
exercise to release endomorphins and positive thinking
THE BOTTOM LINE: When you have an open heart and open mind,
you are prepared to LAUNCH new ideas and products without fear
of failure and making mistakes. You will LEARN faster and get
better quicker.
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For all those who say “I’ll stick with what I know,” or “that’s not me,”
or “some people are just born that way”...stop it! You can develop
an open heart and open mind — they’re skills you can learn and
practice. Try these exercises.
1 Never again will you say “no, that won’t work,” “I can’t do that,”
“it will never happen,” or other such closed-minded phrases. Instead,
come up with at least three reasons why it might work, how you could
do it, or how it might happen.
PRACTICE: I will never get up enough nerve to quit my job so I can
focus on my business. List three reasons why YOU WILL GET UP
ENOUGH NERVE.
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2 Look for the silver lining. Every problem is an opportunity. Next
time something goes wrong, think of at least one good thing about it!
PRACTICE: I broke my leg. No one signed up for my presentation. I
lost my Blackberry.
3 What if the grass was blue? Use your imagination. Once a day,
explore one possibility and see where it takes you.
PRACTICE: What if I was fired? What if I was really rich? What if my
desk could float?
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1 Now Listen Up! Evaluate your listening skills right after having a
conversation. Use this chart to help you.
Did I interrupt?
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2 Observe. You can do this exercise anywhere —a park, mall,
arena. Just sit down and observe. Watch people. Don’t judge, talk,
think — just watch. When you have an open heart, you notice more
because you are less self-centred, and more people-centred. By
forcing yourself to focus entirely on other people, you notice more
about them and you will be in touch with what they might need or
want and how you might be able to help them.
~ Winston Churchill
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Now let’s put your open mind/open heart into real action. Your
business plan MUST include strategies for on-line marketing as well
as face-to-face marketing. Use this worksheet to plan what you are
going to LAUNCH IMMEDIATELY. Your learning curve will be great
and fast. Remember, making mistakes is a good thing — you learn
more and get better faster!
A) Write down one action step you will take within 24 hours to get
started on this idea.
B) How will you know when the action is complete? What is the
outcome you want?
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2 Choose one face-to-face marketing strategy that you are going
to launch right away (e.g. speaking engagement, networking event,
cold calls, presentation, vendor events, etc.).
A) Write down one action step you will take within 24 hours to get
started on this idea.
B) How will you know when the action is complete? What is the
outcome you want?
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This is your spot to doodle, jot, and park your thoughts.
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You need to get out of your office. Technology has its place, but there
is nothing better than face-to-face contact to build customer rapport.
By putting a face to a name, you are connecting and establishing a
“know-like-trust” relationship. So, now what? Where am I supposed to
go to meet all these customers, you ask?
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Ok, so now you know where to go but what the heck do you say
when you get there? Here’s some do’s and don’ts for making
customer contact at networking events:
DO DON’T
Open your heart, focus on how you Focus on yourself and try to land the big
can help the other person, and build a sale.
relationship.
Connect, communicate, engage and Do all the talking or talk about yourself.
influence. Listen attentively. Figure out how Don’t try and sell them something if you
to offer them support (e.g. share resources, don’t know anything about them or what
post on website, give a referral). they need.
Mix and mingle. Have someone introduce Hang out with the same person or be
you. Break the ice with common interests. shy.
Get out of your comfort zone. Have fun!
Have a strategy. Set goals before event Hand out business cards and flyers
(e.g. meet three people, pitch my idea to indiscriminately; they end up in the
one person, get 10 cards to follow up). garbage; Don’t expect a piece of paper
to do all the work for you.
Follow-up! Ask if you can contact them Push your card unless they ask. Don’t
after the event. Ask for a business card. take forever to follow-up — they’ll forget
Remember their name and how to spell it. you and it will be awkward!
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Good customer service is all about building relationships, not about
selling. If you want to get customers and keep them, you need to
learn how to connect with them and engage them. This is a two-way
communication process involving listening, building trust and rapport,
gaining respect and always demonstrating integrity. How do you do
that? Try these techniques.
Keep your word. If you say you are going to call, call!
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Don’t sell, serve. Stop worrying about selling and start building
relationships based on integrity. When you make contact (via phone,
e-mail, face-to-face, etc.) ask “how can I help you?” Ask what service
you can provide rather than trying to “sell” what you think they want.
Curb the verbal diarrhea about yourself and your product or service.
People buy YOU and that means your customer service. How
many times have you had bad customer service and stopped
using the product or service regardless of how good it was?
Exactly.
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Treat your customers how you like to be treated. Get in touch with
your inner customer by completing this Customer’s Creed. Imagine
you are the customer. What do you expect? For example:
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Oh no…it’s the dreaded sales pitch. For many of us, selling is the
hard part. We fear rejection and the word “NO.” But you sell everyday.
You convince your kids to eat their vegetables; you tell your friends
about a good movie they should see; you describe a better way of
organizing the office to your boss; you suggest to the store manager
that locally grown herbs would sell well. “Oh, that’s not really selling”,
you say. There’s no money being exchanged.
True, but what if you approached really selling in the same way you
convince your friends to see a movie or your boss to try your idea.
This simple mind shift changes everything. You’re not trying to make
a sale or close a deal. It’s not about you at all — it’s about them.
You’re helping them. You’re asking your customer “Can I help?” or “Is
there something I can do for you?” or “What do you really need?” And
they may not need or want your help at all, and that’s okay. You’ve
made a new connection and had an open conversation.
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A Message Map is a simple format for crafting your perfect sales
pitch. It focuses on the most important points you want to make
about your idea, product or service so you can deliver your message
succinctly and competently.
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1 Go to the link below and watch the video, and/or use the three
steps on the previous page to design your own message map in the
space below.
www.forbes.com/sites/carminegallo/2012/07/17/how-to-pitch-anything-in-15-seconds/
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2 Practice your pitch in front of the mirror, in front of your kids,
your family, your friends until you can say it comfortably and without
hesitation.
Try This...
The toughest sales pitch of them all...selling you to you. Make a
message map to sell YOU. What is your 15 second pitch?
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This is your spot to doodle, jot, and park your thoughts.
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You’re in business. Who knows it? You have to get the word out using
as many different types of media available to you as possible. And
you’ll probably need help, so get it!
Put a video clip on the homepage, along with who you are, what
you do, and how you do it —establish yourself as an expert.
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The Sky’s the Limit!
Blog, newsletter, website, Facebook, Twitter, LinkedIn, feature articles,
on-line ads, newsprint ads, posters, billboards, audio clips, video clips, seminars,
workshops, presentations, exhibitions and vendor booths, interviews, irresistible
free offers, demonstrations, free samples, word-of-mouth, phone calls, e-mail,
referrals, mailing lists, YouTube, brochures, catalogues, Pinterest, commercials...
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Get Talking — Know-Like-Trust Factor
Only you can establish the know-like-trust factor, IN PERSON.
No amount of paper or on-line chat is going to develop strong
relationships with your customers. Write and deliver a one-hour
signature talk. Prepare shorter versions for brief on-line audio or
video clips. Repurpose all your written content and deliver it in
different ways.
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Use this 10-step worksheet to begin organizing how you will get the
word out about your great business.
1 Who is your target market (e.g. older adults, women, pet owners,
dog owners, cyclists, new fathers…)? Describe them.
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3 What types of marketing media do you think would best reach
your target market? Look at “The Sky’s the Limit” list on the previous
page for ideas or add your own. Choose both on-line and off-line
types. Remember, a website is a must.
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5 Remember your message map? Go back to it and start
practicing it. When you are in a pinch and need something to say
fast, this is the skeleton structure to a talk. Pad it up with benefits and
features, client success stories and relevant content to the audience.
Remember an audience is one person or more! List all the benefits,
features and juicy tidbits about how your service or product is
beneficial to your buyer.
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6
. Choose one location or event that you think will be a productive
speaking engagement for you. You may wish to choose a smaller,
informal venue for your first time so the stakes aren’t as high and you
can perfect your presentation. I will try to get a speaking engagement at:
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8 Jot down 3-5 key messages, directly related to your topic, that
you want your audience to take away. Aim for a short (20 minutes)
presentation to start.
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10 What could you give the audience as a take away?
Next Steps: Write the script for your presentation and practice.
Contact the organization identified above and inquire about speaking.
Use your notes on this worksheet to guide the conversation. Be sure
to say it’s free, current, and relevant to them.
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This is your spot to doodle, jot, and park your thoughts.
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Still hungry for more marketing ideas? Here’s a “to do” list.
4 What does your GREAT business and life look like to you. Get
crystal clear, write it down, and tape it to your fridge!
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4 Hang out where your customers are. Be present in person and
via media. For example, if they are pet owners, attend dog
shows, have a booth at a pet show, advertise in pet newsletters
on-line and off, look for pet bloggers, visit pet stores, leave your
card at vet clinics…
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Money
SECTION THREE
The exercises in this section focus on techniques for:
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You are in business to make money and, more importantly, make
a profit. You know that’s what you want, but there is one nagging
excuse: “I don’t have the money.” This is a real deal breaker.
Stop for a moment and think about what that mindset is really saying
about you and your business.
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Money is mindset. You should never let money stop you or be an
excuse for not achieving business success. Is it an obstacle? Yes,
and you need to believe in your abilities to overcome your lack of
money just as you would any other barrier that stands in your way.
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How would you rate your relationship with money? Take this quiz,
then read Odette’s lowdown on your score. Read each statement and
check the column that best reflects what you think. Be honest!
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Your Score
If you scored mostly “Never”, congratulations! You are a believer and
you’re acting like you have a million dollar mindset. Or maybe you
weren’t entirely honest in your assessment.
I wish I had more money. If you are constantly thinking this, you
are not happy in your current situation. It sucks. Wishing gets you
nothing and can become an excuse not to even try. Use your desire
to have more money as a motivator and do something about it.
I look for a deal and try and go “on the cheap.” There’s a difference
between getting good quality for the dollar and “going on the cheap.”
You can’t afford to have a sloppy brochure or an unprofessional
website. Your deal may actually scare customers away. A poor
website is worse than no website at all!
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I can’t afford what I really want. This is an excuse and reaffirms
the poverty mindset. If you really want it, you’ll find a way to afford it.
Enough said.
Working harder for less money is the only way to get ahead.
I won’t lie, building a business is damn hard work. But don’t work
harder for less money! You need to work smarter by following your
plan and charging what you’re worth. If you charge what you’re worth,
you’ll make more money. Which would you rather do: work hard for
less money or work hard for more money?
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I save money by being a jack-of-all-trades. No one can be
an expert at everything and no one can build a business on their
own. Get help! Focus on doing what you do best and hire out the
other stuff. How many hours will you waste trying to do your own
accounting or designing logos? I’ll say it again, GET HELP!
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This is your spot to doodle, jot, and park your thoughts.
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Go to the end of your life and work backwards. Envision your
life, the life you want. Close your eyes and paint a picture of your
future life. What do you see, what are you doing, who is with you,
what are the colours around you, what do you smell, what sounds do
you hear, what is your mood, how do you feel...?
Now think of today. How much money do you have in the bank, in
investments, in savings, in equity? How much money do you spend,
what are your living expenses, what are your monthly and yearly
expenses, what sorts of things are on the horizon — retirement, home
renovations, downsizing, sending kids to college, marriage…? You
know where you are now, and you know where you want to be in the
future. How much money do you need to realize your dream? Double
it (because we tend to underestimate). That’s your magic number.
Try this...
Start acting, feeling, talking like you already make your magic
number. Paste it to your fridge as a reminder. Seeing is believing and
believing is achieving!
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1 Close your eyes and envision a better future, something you
definitely want to work toward. Describe, in as much detail and in the
present tense, what this future looks like. Paint a full and complete
picture. The more details the better!
FUTURE
VISION
Example: I am sitting on the dock of a northern lake. It is early morning and the
sun is just rising. Not a ripple on the lake. Behind me is my log cottage. I smell
the cedar, crisp morning air and fresh perked coffee….YOUR TURN….
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2 Think of where you are today. What is your cost of living now?
Think of all your monthly expenses and costs you incur throughout
the year. Don’t forget things like car repairs, gifts, and large
expenditures such as holidays, renovations, weddings, etc. Try and
estimate what you spend per year to live.
HERE
AND NOW
Tip…
There are lots of income and expense worksheets online and in
books to help you figure out your cost of living and where you’re at
today.
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3 Calculate your magic number.
+
The estimated amount I have to
add to reach my vision per year
My estimated FUTURE
=
cost of living per year
x2 =
My Magic Number!
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This is your spot to doodle, jot, and park your thoughts.
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Stop pouting about money. It is absurd to think that you don’t have to
spend money to build your business. Start focusing on what brings
you money and where you can find it.
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It is not uncommon for successful entrepreneurs to use debt as
a powerful motivator. They don’t see it as a risk, so much as a
challenge. They are confident in their abilities to earn the money back
and repay it. Fear of failure is a huge motivator!
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Time to get to it. Where are you going to get money? Start planning
now.
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2 Choose 2-3 sources from the list above to start. Use the chart
below to plan your strategy.
Example: Loan Start up costs: $5,000 Within 3 months, by end Compare banks for best
of April deal; work on my pitch;
Ask parents
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3 What obstacles might you face? What is your plan for
overcoming these obstacles or challenges?
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This is your spot to doodle, jot, and park your thoughts.
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There are two profit domination myths that really need busted!
Myth #1
New business owners do it all by themselves. It’s true that you work
80 hour weeks and wear many hats, but successful entrepreneurs
always GET HELP! If you don’t, you’re spinning your wheels and
burning yourself out when another professional could do the job
better and faster. Sorry if that hurt your ego.
Myth #2
New business owners don’t hire help because they can’t afford it. The
truth is, they can’t afford not to! Why spend all day behind your desk
printing labels when you should be out meeting customers or why
stumble your way through “Accounting for Dummies” when a book
keeper could save you from embarrassment and costly mistakes
down the road?
When it comes to making money, you need help. You need a support
team to do the things you can’t do, or don’t want to do, so you have
more time to MAKE MONEY.
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Make customers and support groups part of the team.
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Use this worksheet to identify areas where you might need help.
1 What are your strengths? How should you be spending your time
in your business?
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3 Use the chart to identify where you need help and who might
help you.
where do i need help? who could i ask?
Great and successful people shave years of trial and error off
their journey to success by working with a coach. You can too!
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This is your spot to doodle, jot, and park your thoughts.
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Are you peddling junk? Of course not. You have a product or service
that is of value and your customers will pay for it. So why are you
cheapening your price because you’re worried that customers won’t
pay you what you’re really worth? You, and you alone, have decided
that you are undeserving of a good income.
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The Money Funnel shows different price points for different
customer needs. The number of committed customers decreases
as the price for services/products increases.In this example, if you
consider all the customers attracted at the different levels, a large
number of customers were served by this business.
FREE STUFF
LARGE NUMBER OF CUSTOMERS (newsletter, blogs, free report,
/ LOW PRICE POINT
speaking, networking, webinar)
LOW COST
(CD, teleseminar, homestudy system, workshop,
entry level service, products)
MID COST
(workshop, group work, virtual programs,
mid-price product or service)
HIGH COST
(Cadillac program or service, paid speaking,
private clients)
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Try making your own money funnel.
1 What products or services do you offer and what are their price
points? Think in general terms from free or inexpensive to most
expensive and selling to a large number of customers or a select few.
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This is your spot to doodle, jot, and park your thoughts.
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Whew! We’ve come to the end of this workbook and there was a ton
of stuff to cover. How do you make sense of it all? How do you pull
it all together and keep moving forward? Here’s my seven secrets to
success — remember them, practice them, DO THEM — they are
the essence of profit domination and will become part of YOU and
everything you do.
1
Integrity. Do the thing that you say you’re going to do. Be who you
say you are. Without integrity you don’t have anything.
2
Know your Why. Do the thing you want to do for the right reason.
Stand in your integrity and in your why. Don’t stand in someone else’s
why.
3
Take 100% responsibility for where you are right now, feel the
fear and do it anyway. Take responsibility for who you are meant to
be. You are unique. Own your words, actions, and feelings. If you
don’t like where you’re at, it’s your fault, not anyone else’s.
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4
Get into bed with the word “NO.” “No” is just a word, the
meaning you attach to it is the problem. Be comfortable hearing it and
saying it. You don’t have to please everyone nor does everyone have
to please you.
5
Be you. You have what it takes so take what you have and make it
extraordinary. Be the person you know you can be.
6
Launch and Learn. Don’t worry about being perfect or you’ll never
get anything done. Think and take action. Learn from mistakes and
successes.
7
Never let money stop you. Our relationship with money is
controlled by our mindset which can be a barrier. Stand in your
integrity. Do it for your business and your life.
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What’s Next?
CONGRATULATIONS! You made it all the way through! Building a business is tough
stuff and the journey is just beginning.
Step 1
Get in touch with me now!
[email protected]
416 802 9551
Step 2
Let’s talk about where your business is right now and where you want it to go.
Step 3
Together we will figure out what you need to do to get there.
Step 4
Dominate Your Profits!
Thank you and I look forward to seeing you on the other side of six-figures!
To your Success,
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