From Entrepreneur to CEO: Evolving the Mindset to Achieve $50k Months and Beyond – Part 1

The mindset to go from $10K months to consistent $50K months

Entrepreneurship is not for the faint-hearted. From late nights, zero budgets, and endless sweat, every entrepreneur knows the ups and downs of starting a business. They have persevered through failures and celebrated successes, but there comes a point in every business’s journey when it transitions from a startup to a fully-fledged enterprise.

I bootstrapped my entire business from the beginning with no coach, investor or team, I had to figure out how to do almost all of the things myself. My business growth took way longer than it needed to!  With lots of Youtube videos, books and online courses, I taught myself. But this only got me so far before I burnt out and what I had built was unsustainable.

This is the stage when entrepreneurs need to upgrade their mindset, strategic practices and marketing strategies to achieve $50k months and beyond. Gone are the days of just winging it. The game has to evolve.

Assessing:

• Does your mindset support great levels of pressure, cash, clients and growth?
• Current business practices and identifying areas for improvement is critical – systems and operations.
• Scaling up the team – e.g. outsourcing, part-time VAT
• Expanding the market base – new clients in new markers
• Optimising digital presence – your website
• Maximising revenue streams are just some of the areas that need attention – a scalable business model

A long-term marketing strategy is imperative in achieving consistent $50k months and beyond. It’s not enough to just have a great product or service; entrepreneurs need to market it well.

With effective marketing strategies, entrepreneurs can ensure they stand out in a crowded arena. Personalised and targeted marketing ensures that the right message is delivered to the right audience. And when done right, can make all the difference between hitting $50k months consistently and beyond or struggling and staying stuck in fluctuating cash months.

Mindset Shifts

Creating $50K months requires a powerful shift in mindset, and I’m here to guide you through this transformative process. Embrace the fact that mindset work is a continuous journey, and each day brings an opportunity for growth. Together, let’s dive into practical actions that will empower you to align your thoughts and beliefs with the frequency of abundance.

Take a moment to uncover any subconscious fears or limiting beliefs that may be holding you back. Through affirmations, visualization, or therapy, we can release these blocks and create space for abundance to flow effortlessly into your life.

• Gratitude and visualisation exercises are essential tools in your arsenal. It’s my daily go-to practice.
• Daily practice will help you connect with your desired outcome – envision yourself already basking in the success of achieving $50K months. What it looks like, feels like.

Feel the emotions associated with this achievement, as if it’s already your reality. By shifting your energy and focus, you’ll effortlessly attract the abundant opportunities that await you.

Get there faster with a coach or mentor

Seek out communities, events, and mentors who can support your growth and share your aspirations. Together, we’ll build a network of support and accountability that will propel you towards your goals.

• Start a journal to document your thoughts and beliefs. Challenge any negative or limiting beliefs that arise and reframe them into positive affirmations that fuel your success.
• Create a captivating vision board or engage in visualization exercises regularly to keep your goals at the forefront of your mind.
• Attend personal development workshops, seminars, or online courses to expand your mindset and acquire new strategies for success.
• Connect with other professionals in your field through networking events or online communities. Seek mentorship or coaching to gain guidance from experienced individuals who have walked the path to abundance.

Top 7 self-limiting belief that stop coaches from growing and scaling their soul-led business

1. “I’m not experienced enough”: Many coaches may believe that they need extensive experience or a certain number of years under their belt before they can grow and scale their business. This self-limiting belief can hold them back from taking bold steps and leveraging their existing expertise to create meaningful impact.

Recognise that your unique perspective, knowledge, and skills have value. Focus on the transformation you can provide to your clients and trust in your ability to guide them towards their goals. Embrace continuous learning and refine your expertise through ongoing personal and professional development.

2. “I’m not good at marketing or sales”: Some coaches may struggle with self-promotion and view marketing and sales as daunting tasks. This belief can hinder their ability to effectively reach their target audience and communicate the value of their services.

Embrace marketing and sales as essential skills for growing your business. Educate yourself on effective marketing strategies and sales techniques tailored to your target market. Seek support from mentors or experts in these areas and practice implementing these strategies with authenticity and integrity.

3. “I don’t deserve success or financial abundance”: Coaches driven by a strong sense of purpose and a desire to help others may sometimes feel conflicted about charging higher fees or pursuing financial success. This self-limiting belief can create an internal barrier that prevents them from scaling their business.

Recognise that financial abundance allows you to make a greater impact and serve more people. Realign your mindset with the belief that you deserve success and abundance. Reflect on the value you bring to your clients and the positive change you create. Charge fees that reflect the value of your services and embrace the idea that financial success is aligned with your mission.

4. “There’s too much competition out there”: The coaching industry is competitive, and coaches may feel overwhelmed by the number of professionals offering similar services. This belief can lead to self-doubt and a scarcity mindset, limiting their ability to stand out and attract clients.

Shift your perspective from competition to collaboration. Focus on your unique strengths, values, and approach. Define your niche and target audience, and differentiate yourself by highlighting your specialised expertise and the specific results you deliver. Embrace collaboration with fellow coaches through partnerships, joint ventures, or referral programs to expand your reach and create win-win opportunities.

5. “I don’t have enough time or resources”: Coaches often wear multiple hats and juggle various responsibilities, which can lead to a belief that they lack the time or resources to grow and scale their business effectively.

Take a proactive approach to time management and resource allocation. Prioritise your tasks and focus on high-impact activities that contribute directly to business growth. Delegate or outsource tasks that can be handled by others, allowing you to focus on your core strengths and strategic initiatives. Embrace productivity tools, systems, and automation to optimize your efficiency and effectiveness.

6. “I’m afraid of rejection or failure”: Fear of rejection or failure can paralyse coaches and prevent them from taking risks or stepping outside their comfort zone. This self-limiting belief can hinder their ability to explore new opportunities and expand their business.

Embrace failure as a valuable learning experience and an essential part of growth. Reframe rejection as redirection and see it as an opportunity to refine your approach. Cultivate resilience, adopt a growth mindset, and celebrate every step forward, regardless of the outcome. Surround yourself with a supportive network of peers and mentors who can provide encouragement and guidance along the way.

7. “I need to figure everything out on my own”: Coaches may feel the need to have all the answers or be self-reliant, which can limit their growth potential. This belief can prevent them from seeking help, guidance, or support from others.

Embrace the power of collaboration and community. Seek out mentors, coaches, or mastermind groups who can provide valuable insights, guidance, and support. Surround yourself with like-minded individuals who understand your journey and can offer different perspectives. Remember, growth and success are often accelerated by leveraging the wisdom and experiences of others.

By identifying and challenging these self-limiting beliefs, you can empower yourself to break through barriers and scale your soul-led coaching business to new heights. Embrace a mindset of abundance, seek support when needed, and take consistent action towards your goals. Your success is within reach.

At some point you can’t grow any bigger or make any more money. You’re capped out. If you’re a solopreneur then you will be the one delivering all the coaching or healing sessions. This one-to-one service can lead to boredom and burnout.