Teens Making Lots of Money

It's always inspiring to read about people who followed their heart and became rich! Well this Forbes articles tells us about the TEENAGE entrepreneurs who have done this and became millionaires!

Don't get jealous! Just commit to working your small business until it makes you a millionaire. It's possible for all of us. Just think about it, there's only 5 billion people on earth, and Bill Gates alone is worth 50 BILLION DOLLARS. Potentially, everyone on earth could be a multi-billionaire just off the back of one man! And he would still be the one of richest persons in the world.

Now of course I'm not suggesting that Gates distribute his money to the masses. I'm merely using this illustration to show the abundance of money and why we need not be jealous of the teenagers who learned how to tap into the small business market until it rained millions on their heads.

Go for what your know! And read the article here.
http://money.aol.com/forbes/general/teen-millionaires

Do You Tweet?

I do, but I have to admit I haven't lately.
Why not you ask?

Because it's so great! Twitter is wonderful for making connections with people but I love it more for all the wonderful information that's available! Someone is always posting some type of report, some interesting news, a free downloadable thingy, an article; SOMETHING that sends me running around on the internet looking, laughing, reading, researching!
I'll login to tweet some encouraging quotes or my words of encouragement-that's all I tweet, because life is good-and the next thing i know it's 1 hour later!

As entrepreneur moms we have to be selective with our time. If the activity doesn't help you get closer to your goals cut back on the time you spend on it or cut it out altogether.

I had to cut Twitter out all together. But I think I'm strong enough to go back in without getting distracted by all of the information...I think...I am. You can find me at http://twitter.com/thebizcoach4mom

How do you handle additive, time consuming, social networking activities like Twitter?

All Hail To The Entrepreneur!! Quick Videos

Here are some great videos that will encourage your heart. These are all from abcnews.go.com.

This first one is Dave Ramsey giving great advice on how and why to start a biz NOW. It's only 3 min long.
http://abcnews.go.com/video/playerIndex?id=7643151
The next one is Rich Sloan, the owner of Start-Up Nation, and he's talking about the success of mom entrepreneurs. It's only 6min long.
http://abcnews.go.com/video/playerIndex?id=7537939
Here 2 new entreprenuers talk about how they built their businesses. It's about 6 mins.
http://abcnews.go.com/video/playerIndex?id=7465701
Here 3 women talk about their buisness and marketing challenges. It's about 7 min long.
http://abcnews.go.com/video/playerIndex?id=7580714

Open Mike Night helps entrepreneurs develop their ideas. It's 6 mins.
http://abcnews.go.com/video/playerIndex?id=7465673

Here's A Great Tax Tip for Entrepreneurs

Combine your vacation and business trip. For example: I just spent 3 days and 3 nights at a local hotel so that I could start writing my book. What a nice break from the responsibilities of home and what a nice tax write-off at the end of the year!

What is your best financial tip/advice? Leave it here.

House Suggests A Bigger Tax Break For Start-ups

The House proposed a bill, named Small Business Formation and Job Creation Act, that would raise the start-up business deduction to $20,000 from $5,000!
Read it here: http://snipr.com/e5vau

Grow Some Balls Mommy!

You're at home all day with your babies. You feed them. You serve them. You kiss their boo-boos. You're letting your $120,000 college degree lie dormant because you want to be a great stay-at-home mom! So why the guilt when you need to leave the house for a few hours to work on your business?

I don't know! Is it genetically embedded into our female bodies? My husband never feels remorse when he has to leave. Somedays he doesn't even say good-bye. He just runs!

He NEVER lingers around for another round of kisses and hugs. He NEVER stops at the door and comes back to check and see if he should change a diaper. He would NEVER, EVER, EVER, put on his clothes, gather his lap top, and after taking one last look at the sad faces, and the messy room decide it's just easier to stay home!

Why do we do that?!
I don't know; but I do know that I've decided to get me some balls!
That's right. I'm going to act like a man and go to work when I need to go to work!

To All Mommy Entrepreneurs: Your business is just as important as the man's job!
Why?
Because you're growing and developing as a human being and as a woman. And every man will tell you that's sexy.
Because you're contributing to the family's finances, even if it's barely $5 a month, it will grow if you stick to it and continue to learn. Anyway, your business creates a lot of tax deductibles for the family.
Because you're teaching the observing children entrepreneurial skills.
Because you're building a family leagacy.

Now let go of the guilt, get some balls and go to work!

Don't Quit!

As Mommy Entreprenuers we have many challenges, primarily balancing home, children, business with many other daily responsibilites. Often it becomes overwhelming. Some days it feels as if we are juggling the balls and other days we're just trying to keep them under the water.

How do we honor our dreams, talents, and clients when there's a 2 year old who wants no one but you and a 14 year old who has to be chauffered to her many extracurricular activites?

All of my clients ask the same question, in one form or another, "should I wait until the child/children get older?" Ultimately you have to do what feels right for you, but know that even moms with teenagers ask the same question.

I advise that you not make the decision to quit because it's "too hard", or "I'm too tired". You're going to experience that with 2 children or 7. Don't quit because, "I feel guilty." You're going to experience that when they are age 2 or age 17. Don't quit because, "I don't have enough time." EVERYONE is experiencing that.

Learn some time management skills. Eat better so that you can maintain your energy and learn how to let go of the guilt by getting a different perspective. Network with another entrepreneur for accountability and support or hire a coach. But whatever you do, DON'T QUIT!

Are We Making Money Yet?

It's no surprise but nonetheless it amazes me that there are online pitches like, "make $249,000 in a week!"

And surprisingly people still fall for it. Why people why? Haven't we heard the saying, "if it sounds too good to be true it probably is"? Didn't parents teach that to us in our early informative years? Or maybe you had a parent that was out there chasing the "too good to be true" thing and so you didn't get that lesson.

We have all seen that the ones who chase the "too good to be true" thing tend to be the lazy, want something for nothing types (a fool and his money are soon parted) OR they are the ones who are tired of working so hard and become vulnerable.

After my 5th baby my weight didn't drop back as quickly as it usually does. As a matter of fact she's 18 mos old and Im still 30lbs heavier than my normal 125. At a certain point I got desparate and where I use to laugh at the commercials that said, "Eat all the pizza, burgers, fries and steaks you want and you can still lose 50lb and you don't even have to exercise!" I found my ears perking up. And then one afternoon it even made sense. "Yes, a special formula designed to attack your fat gobules! Ingenius! I need that!!!"

You could have classified me as the lazy, want something for nothing type! But my senses came back to me before my money parted!

Anyho, when it comes to entreprenuership you're going to have to:
1. Work hard. Business is like a baby it requires nuturing and time to grow. You'll reap the benefits in the end (the end could be 2yrs from now or 10).

2. Maintain your focus. With the many details of day to day life plus the many details of babies and children this is very difficult.

3. Operate with courage, determination and persistence while being flexible and open to change. That sentence alone is hilarious. Trying to do it can teeter you on the border line of insanity.

4. Constantly learn. Keeping up with the changing technolory is cruicial and exhausting. Fortunately for me I have a teenager that I go to. I feel like an old lady begging the young man for mercy crumbs, "Pardon me sonny, but can you teach me how to convert a Youtube video and upload it onto my site? I'se be much obligied. " But hey, whatever it takes to keep up with the changing times.

Money will come but only after you have faithfully worked at these (there are other requirements, but I'll save those for another post). I love being a business coach because I help people, particularly people like me, Mommy Entrepreneurs, work faithfully at their goals. I help them maintain focus, encourage them to be persistent, and continue to work hard for what they want. When they've done that and the money starts rolling in, "Oh Happy Day!"

Money will come but you must work, focus, persist, and learn before it'll will show itself to you.

And stay away from the hype!

How Do You Measure Success?

Success means different things to different people and if you're not conscious in this life it is very easy to fall for someone else's definition of "success".



When I first started speaking and training on a national level I had the opportunity to sit under some pretty famous and popular speakers; Brain Tracey, Jack Canfield, Les Brown, Tony Robbins just to name a few. I remember feverishly taking notes on how to "fill your appointment book with 300 speaking engagments per year." Two days later, I was feeling pretty stressed about all I had to do and when I prayed it brought me to my senses: I DON'T WANT 300 SPEAKING ENGAGEMENTS PER YEAR!



I had gotten side-tracked by all of the compliments of my seminars, gotten enamored with the traveling and nice hotels. More than anything, I had gotten giddy about not having to constantly change diapers and pick out their little boogers. I was delirious with joy that I didn't have to figure out what's for dinner and try to remember if I had refilled the ice trays!



So delirious that I allowed someone else to define success for me.



I am now VERY clear on my own definition.



I do a lot of self-reflection. I'm constantly presenting myself (mentally) before my Creator to check my intentions, desires, and thoughts. My constant question: Am I walking in LOVE or Am I walking in FEAR in 4 areas: my relationships, my business, my children, my spiritual growth.



When I allow fear to control my behaviors I feel guilty, or doubtful, or nervous or angry....like a failure. Example behaviours: hanging on to my children because "they grow so fast" or not moving in my business or not extending myself to people because "they'll suck up my time".



When I allow love to control my behaviors I feel liberated, joyful, I trust more, I give more. I feel like anything's possible...I feel successful. Example behaviours: trying something new, letting go of an argument even though I'm right, taking time to encourage someone who's lost hope, giving my last, doing what I believe pleases God.



It has nothing to do with money, a busy schedule, popularity or other external forces. I'm my only judge and no one even knows when my judging takes place. I'm successful when I am operating in love. When my intentions, desires and thoughts are focused on doing right and good. When I keep vigilance on those things then business flows, relationships clear up and of course I'm growing spiritually.



How do you measure success?

"If there is anyone out there who doubts that America is a place where anything is possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer." President-elect Barack Obama declared before a crowed of 125,000 people on election night 2008.

Our 44th President of this nation is an African American. After centuries of a very painful and violent history we have come to a point where African Americans have to say, "let's get past it".

This bi-racial man rose from a home without a father and a missing mother; he was raised by his white grandparents in an obscure city in Hawaii. No one in his family is a politician. No one in his family is rich. Yet with vision, hope and help from God and his fellow-men he has made history!

What about you?

What are the issues in life that you must get past in order to move to the next level in your life or your business; to move on to better places and positions; whatever that may be for you?
Entrepreneurship may not be a part of your family history but if the urge is in you act on it and go boldly!

Whatever excuses you have used in the past it's time to let go of them. There's a change in the air. The election of an African-American in a country that is still troubled by racism says that the tides are turning. The joy, hope and expectation that's in the air, AROUND THE WORLD, because of this one man's election is electrifying! Capitalize on the change in energy and do what you've been called to do! Do it boldly! Do it with all of your might! Do it without fear! Do it with fear, just do it!