Stacy Tuschl is a speaker, business coach, and the owner of The Academy of Performing Arts in Wisconsin. She is the author of the book “Is Your Business Worth Saving?” where she reveals proven strategies for pulling entrepreneurs out of a rut and launching them toward business success.
What are your thoughts about money? Are you happy with the amount of hours you are working and the amount of money you are taking home? Everyday I talk with small business owners who are focusing on their gross revenue, without even acknowledging their net revenue, and the net is what I really care about! (Not sure the difference? Don’t worry! I will explain both of these types of revenue in the episode). Now, we aren’t actually going to take a tour inside of my bank account today, BUT I am opening up and sharing some things on money I know I’ve never shared with the public before!
And yes, I share everything from money habits (both good and bad), things I’ve learned when dealing with money and an exercise for you to do today that will help you breakthrough your money mindset issues.
“It does not mean I have a million dollars in the bank…” At minute 0:40, I'm sharing my thoughts on why I think a lot of business owners are under-educated about money. I've been through this so I want to make sure I can spread some light on a few things! We're discussing the difference between gross revenue and net revenue plus the money habits that result in business owners not paying themselves what they should be.
“Some of this stuff is so made up, it's not even real…” At 11:41, hear what you should actually care about when it comes to money and what you should be asking your coaches and mentors. I'm talking about the importance of figuring out how to be a good judge of character of what you are looking for when we start to compare ourselves to other people.
“What do I actually need to pay myself to afford my lifestyle…” At minute 22:28, I'm giving you a few questions I want you to ask yourself to make sure you feel in alignment with yourself for the rest of the year.
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