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Ten Tips to Break the Debt Cycle For Your Business!
by Paula Langguth Ryan and Janet L. Hall
Would you like your business to become debt-free and stay debt-free?
You can, if you follow these practical and spiritual tips. First and foremost,
you must always remember that money is simply energy. Money is nothing less and
nothing more. Money, by itself, does not have any power to control your actions
or your business. Only your thoughts control your actions. And only your
thoughts about money control whether or not your business is profitable.
When it comes to our businesses, our thoughts about money usually fall in one
of three planes. At the bottom is where you’ll find most of us. This is where
we spend our energy and time worrying about and talking about our company’s
financial problems. Where we spend most of our time saying things like "I’m
not going to have enough money to pay this supplier…" or "I’m
paying so-and-so a lot of money and not seeing the results I want." At the
second plane, we set a concrete goal for eliminating what we’re worried about
and we take action toward achieving that goal. For example, if you’re worried
right now about meeting your next payroll, and your goal is to come up with
enough money to pay payroll on time, then you’re on your way.
To get to the third and highest plane, however, you’ll need to use the tips
below. Several of these tips will immediately generate cash to help your
business make your goal a reality. Other tips will help you build a foundation
underneath your company, so that more cash and more clients will come to you.
I encourage you to start putting each of these tips to use in your business
TODAY. Work toward progress, not perfection. Don’t beat yourself up if you can’t
do all ten at once. Take it a step at a time and keep moving forward. Above all
else, know that YOU AND YOUR BUSINESS ARE PROSPEROUS!
1. Free up the trapped prosperity in your business. Release things
that take up valuable space in your company. Employees or clients who sap your
company’s energy and provide little in return. Books, outdated computer
equipment or software, old files, old phone books or directories, outdated trade
journals or magazines. What are you stockpiling that you don’t use? Look at
everything you haven’t used in over a year and toss it, sell it or trade it
in.
2. Pay what you can now. If your company has debts to pay, and you
have savings set aside for your business, don’t withhold money and say,
"I’ll pay these corporate debts later, when the company has more money so
we don’t have to touch the savings." Free up that money, put it into the
universe. You can’t get a flow of money coming into your business unless you
have a flow of money coming out of your business. Don’t put off paying what
you can pay today.
3. Release people from their debts to your company. If your company
has lent money in the past or extended credit, and you know that the chances for
you ever getting that money back are remote, release these clients from their
debt to you. Call or write them and say, "We want you to know that we’ve
decided to consider this money a gift to you. We am freeing you from any
obligation to repay this money, ever, and we hope you’ll accept this gift with
our sincerest wishes for your continued success. We also hope you’ll do the
same for someone who owes you or your company money." You then make it
possible for that money or more to come to your business from some other source.
4. See the highest good for everyone your company deals with. When you’re
in a situation where you think, "they’re going to try and rip me
off" affirm "I see the highest good for both of us." Then know
that your employee, client or supplier will do right by you.
5. Give thanks for your company’s debts. When you pay your company’s
debts, hold them one by one in your hand and give thanks for whatever that debt
represents. "Thank you Universe for this printer bill, which enables us to
send our clients information about our business." "Thank you Universe
for this dental insurance bill, which enables our employees to be healthy."
"Thank you Universe for this rent bill, which lets us have our business in
the location we desire."
6. Don’t brag about what your business plans to accomplish or about your
company’s prosperity. Instead, imagine your plans accomplished, then go
about your daily business, putting the stepping stones in place for your pathway
to your goal. Then, once you’ve accomplished your business goal, go inside
yourself and give thanks for your company’s abundance. And give back to those
who have helped you achieve your prosperity. Share the wealth with your
employees who go out of their way to provide value-added service to your
clients. When someone asks how business is, tell them: "There’s gold dust
in the air!"
7. Don’t let pride stand in the way of your company’s prosperity.
You can be your company’s own worst enemy if you refuse to accept prosperity
in whatever form it takes. As you practice these laws of prosperity customers,
employees and suppliers around you will suddenly start giving you things. Don’t
refuse these gifts as charity or acts of pity. They are the first evidence that
your prosperous thinking is paying off. Joyfully accept these gifts on behalf of
your company. Stop yourself before you say, "Oh you shouldn’t have."
"This is too expensive." "I couldn’t possibly accept."
Practice accepting gifts graciously. "We appreciate your kindness!"
"Thank you for thinking of us!" "You’re an angel!"
8. Be patient with yourself as you learn prosperity skills. Don’t be
like the farmer who planted corn, then cut off all the tassels that appeared,
because he was looking to grow EARS of corn, not tassels. Don’t dismiss the
results you get as weeds. Know that whatever grows in your business is for your
highest good.
9. Look for the lesson in experiences. When a "negative"
happens in our businesses, it’s usually a nudge to help us chose a better
direction for our business, for our company’s growth. Don’t waste your time
and energy bemoaning an event. Stop and center yourself and figure out what your
business was meant to learn, how this event will help your company achieve its
goals. Don’t ask yourself or your employees, "Why did this happen to
us?" Instead, encourage them to ask, "What are we going to do about
it?"
10. Let go of prejudices. Don’t spend time and energy worrying about
your difficult clients, or how your competitors perceive you. Remember the old
taunt, "I’m rubber and you’re glue...whatever you say bounces off me
and sticks on you?" The same goes for positive thoughts and words. Don’t
set your business above anyone else (look what happened to Microsoft!), or
support employees or customers "in spite of" their actions. Learn to
love everyone unconditionally and that love will flow back to your business
tenfold.
You can be your company’s own worst enemy in your search for profits or you
can be the best guide you’ve ever had. The choice is entirely up to you!
Contemporary Prosperity Advisor Paula Langguth Ryan and Professional
Organizer Janet L. Hall are the originators of the Enough Is Enough! seminar
series which comes to the DC Metro Area on October 26. Their unique 3-hour
adventures in money, clutter and time management are designed exclusively to
help you tap your true potential and achieve better balance in your life. For
more information about upcoming local seminars, and their services and products,
call 800-507-9244 or visit their website at http://www.overhall.com/enoughisenough.htm.
Permission is granted to quote this article in its entirety or in part,
provided attribution is given, in the form of the above paragraph.
Copyright (c) 2000 - 2008 by OverHall Consulting
P.O. Box 263, Port Republic, MD 20676
All Rights Reserved. Permission is granted to
reproduce, copy, or distribute OverHall IT! or any articles
by Janet L. Hall so long as article(s) is kept intact, this
copyright notice, and full information about the author is
attached.
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