Lesson two. In this lesson we will have a look at perceptions around money and economy. The way the entrepreneur thinks of money often has a huge impact on the development of the company. These thinking patterns affect in different ways, from price setting to financial risk taking, and the way the entrepreneur habits, bigger business opportunities. The personal mindset around money has a huge impact on how the companies run strongly, of course, in a small one person business, but actually quite decisive in the hundred and 50 employees company as well. As a coach, I listen for clues on how this particular entrepreneur perceives money and economics.

And then we work on challenging that. In this lesson, you will listen for your own clues and learn to challenge them. We will look at how your thinking patterns create boundaries for your company. Some although knowing the entire budget and last year's results by heart, look upon themselves as each And when it comes to finances, because they don't do the bookkeeping themselves. Others hold financial matters at arm's length, avoiding contact with their financial reality, believing it to be out of their reach to have an impact. If you are one of those entrepreneurs, you need to put yourself in a more powerful relation to your own financial work.

You need to realize that you actually are in charge and taking responsibility of your economy. Whatever words you use, and whoever does the actual accounting. Many entrepreneurs don't have the financial words. They don't have the expressions that are used in financial words, but they still do the work. They still understand the relation between income and outcome between doing and buy. And you don't have to have the right words to be responsible.

You don't have to have the training and education to know how to work the finances in your company. But you do need to put yourself in charge. And you do need to take responsibility of your knowing. And you do need to realize that you are really in charge. putting yourself in charge really empowers often resulting in an actual race in profitability. Believe in yourself, believe in what you do, you are in charge.

Other entrepreneurs have a very strong sense of financial responsibility, sometimes to the extent where they step back from good opportunities because they do not explore the risks involved. You know what you have, but never what you get is a pattern of thinking holding many companies back. daring to reach out into the field of calculated risks can release a lot of internal power. Of course, the aim is never to involve risk taking beyond sound finances. But a living entrepreneurship involves knowing when opportunity comes my way and how I can make use of it. It's not that I want you to dare risks that you can't afford.

But you need to step into those boundaries. What can I risk? What can I win? How much can I afford to lose? Step into that area, and dad the risks within sound financial borders. Quite often, living an entrepreneurial lifestyle involves some habitual changes in perceiving and thinking of money.

Simply we need to change the way we think, as we develop as entrepreneurs. One example of this is that the entrepreneur might not used to working in the big numbers that the business world requires. You might not be used to talking about millions and billions, or even thousands. The entrepreneur needs to get accustomed to handling money in bigger numbers. In private life, the entrepreneur may very well have to turn every coin twice before buying that milk. still spend the day billing by the thousands.

This creates a conceptual mismatch in your mind. And that needs to be overcome in order to work the full financial capacity of your company. Don't let your thinking patterns from your private life, restrict you, in your company. develop different thinking patterns for the entrepreneurial business and the entrepreneurial day to day work. And your private day to day finances. They are two totally different things.

And so, even this class has, of course, it's simple practice. This time, we will look at what are your perceptions of money? Where are you restraining yourself and where are you putting boundaries to yourself that don't need to be there, or that are creating mismatches in your mind. What do you need to do this is something to write off plays a big empty sheet of paper. Print, or use a whiteboard or something like that. You need to be able to write Easy as that.

Now, start writing all the words that come to mind when you think of money, just scribble them down, all of them, words, expressions, pictures, whatever comes to mind, just put it there on the paper. Do you think you're done? Probably not. There are some more that wants to get there, write them down. And then one more round. What do you really think of people who have money?

What do you think of people who have money, write it all down, just as you did before. And then when you feel dumb, and nothing new comes to mind. Start looking at what themes you can identify in the paper in front of you are the common traits headlines that wants to be put there. Groups of thoughts that add up to a perception. What did you see on your piece of paper? What bore does does that perception create for you to cross in order to have a more free workspace than these borders?

Have fun in practicing, and we'll be back in lesson three