Podcast Archives - Episode 34

Episode 034: How To Think Like a 6-Figure Business Owner Before You Are One

On this episode I talk about how to show up and act like a 6-figure business owner before you actually are one.

We often talk about reaching the goal first and THEN taking the steps to get there. But how are you going to reach that goal if you don’t know the steps to take?

You reach your goals by truly stepping into that role before you’ve even made it. That requires the belief that success is on its way to you. If you don’t have that belief, you’re not going to reach your goal because you aren’t going to make decisions from that perspective.

Here are the four main areas where I had to make decisions like a 6-figure business owner before I was one:

1.  Time

I don’t subscribe to the whole “hustle” mentality. But when you first start your business you are going to spend more time getting ramped up.

So once you hit your first goals, you’re probable tired and you wonder if you have to work even harder and spend even more time to be able to hit 6-figures.

But time and the amount of money you make are not directly correlated! You don’t have to work harder, you don’t have to work longer hours to make more money and get to the next level.

You need to evaluate how you are spending your time.

  • Are you actually doing the activities that are going to get you clients?

  • Are you doing too many activities?

  • Should you delegate or let go of some things?

2.  Boundaries

There will always be someone out there who threatens your boundaries. If you don’t set boundaries for yourself, no one else will do it for you.

Boundaries go hand in hand with time. Because if you don’t have clear boundaries set up you’re going to waste a lot of time. Your time is not a renewable resource! It is the most valuable asset you have to get you to 6-figures.

What boundaries do you need to put in place?

  • The amount of time you spend on things

  • What type of clients you serve

  • What you are doing to reach your goals

3.  Investments

I hear women say, “I’m going to invest when I get more clients and money to be able to invest.” The problem with that is that you are putting off the thing that is going to get you to your goal, until you hit your goal. That doesn’t make any sense! If you knew how to hit your goal, you’d be out there doing it. You need the help to get there.

You need to honestly evaluate your strengths and weaknesses to fill the gaps to get to 6-figures.

  • What expertise do you not have?

  • What steps do you need to take to save time and get there faster?

“The difference between someone who is a successful 6-figure business owner and someone who just has a business that’s a hobby, is the successful 6-figure business owner invests in the places where she needs to invest.” – Michelle Vroom

4.  Mindset

I had to overcome many limiting beliefs to become a 6-figure business owner. I asked myself, “What would the 6-figure version of Michelle do? How would she think? How would she feel? What decisions would she make?”

As you level up, the mindset issues do not go away. In some ways they get worse!

  • What lies are you telling yourself?

  • How are they impacting your ability to get to the next level?

It is hard to make these shifts on your own. You need the help of someone who is objective. Mindset is a tricky thing and sometimes you don’t even realize when something is coming up and holding you back. We unintentionally sabotage our success, especially as we get more success because we get scared.

So choose your thoughts daily like a 6-figure business owner. You have more control over your thoughts, your feelings, and your actions, than you realize.

The free live masterclass that is mentioned in this episode, Fast Track to Six Figures, is currently closed. Be sure to join our Facebook Group to continue this conversation and learn when offers like this become available again.

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