Is there really ever a good time to talk about money? People spend their whole lives avoiding the subject and never really thinking about their own money relationship and mindset.

However, when you think about it, this is one of the longest relationships of our lives and it often impacts many, if not all, of our other significant and serious relationships, too.

Money mindset is usually the first thing I talk to my clients about because it's such an important factor in how someone runs their business and in their decision-making. Here are 3 money mindsets I frequently encounter in business owners and how they impact critical decision-making:

• The Squirrel is forever gathering acorns because they fear they don't or won't have enough revenue, even when they're significantly profitable. As a result, they often make decisions that drive short term gains and ignore the need to invest in long term strategies.
• The Ostrich simply avoids anything and everything to do with the financial side of their business, usually from lack of confidence. As a result, their decisions are based purely on instinct and lack a solid strategy to measure and assess outcomes and course correct or scale based on performance.
• The Mother Duck needs all her ducklings in a row to move forward—Not necessarily a bad thing. But, often they're so busy weighing all the pros and cons and reviewing all the facts, they miss the bigger picture and end up spending more, missing out or never being satisfied.

There's no "right" mindset that guarantees success but knowing when to trust your gut, make sure the situation is ideal before forging ahead and when to loosen and tighten the purse strings can help you from standing in the way of your own best interests.

If you recognize yourself in any of the above or simply want to learn more, get in touch.

Spring is around that corner...I'll meet you there!

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​PS - If you missed it, last week I delved into The Right Tools. Why not check it out?

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Your success is our strategy!

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