What beliefs are you holding onto as an entrepreneur and are stopping you from living abundantly? To have an abundant life and business, you have to change your beliefs about money and the habits you have developed over the years.
In this episode of Building Better Businesses with Catalyst Consulting, we have Teresa Romain. She’s an abundance coach at Access Abundance and has had her business for the last 25 years. She advocates for women in their 40s and above who experience scarcity with money. She explains how entrepreneurs operate on scarcity that stops them from living the life they want and having the business they want.
Listen in to learn how to find your identity without getting attached to whether you become successful in your business or not. You will also learn the importance of having supportive limits when it comes to investing money and time in your business.
What You Will Learn:
- [0:35] Intro
- [1:31] Get to know Teresa as a person, what she likes to do, and some fun facts about her.
- [6:10] How she helps entrepreneurs manage their money and change their relationship with it.
- [9:46] How to change your beliefs about money to be successful with it.
- [13:31] Teresa narrates how her financial struggles led her to become an abundance coach.
- [24:08] How to check your body and be aware of how scarcity is showing up in your life.
- [31:38] How to shift your focus and be disciplined when experiencing procrastination.
- [37:47] Learning to be free with who you are without getting attached to being exceptional.
- [43:40] Stop pushing different things at the same time and instead focus on one goal at a time.
- [53:15] How not to connect your value to money to develop better money habits.
- [58:02] Tips on how to become an abundant business owner
- [1:05:55] The importance of having a conscious budget when starting your business.
Standout Quotes:
- “The relationship that entrepreneurs have with money far too often is one of scarcity, and they think that more money is the answer to it and it’s not.”- Teresa [7:02]
- “Scarcity isn’t just not enough money; scarcity is when you have money, but you’re still afraid around money.”- Teresa [8:16]
- “Knowing how to use whatever money you have, whoever large or small that amount, is part of the answer too.”- Teresa [53:45]
