The Declaration of You, published by North Light Craft Books and available now, gives readers all the permission they’ve craved to step passionately into their lives, discover how they and their gifts are unique and uncover what they are meant to do! This post is part of The Declaration of You’s BlogLovin’ Tour, which I’m thrilled to participate in alongside over 200 other creative bloggers. Learn more — and join us! — by clicking here.
Money and success. The two go hand in hand. And yet, most people don’t talk about how the two are different for everyone. Getting really clear on what success means to you and, more importantly, what you need money to do, will help you step into your true worth and charge what you need to in order to reach your dreams of success.
When it comes to money, most entrepreneurs say things like, “I want to make a lot of money,” or, “I want to make six figures.” But is that how much you really need? Will you only be happy when you’re making those six figures?
Today I want you to sit down and think about what your big vision for your business is by asking yourself:
- How many employees would you like to have?
- Would you have a studio in your home or a separate one?
- What sort of inventory or equipment will you have?
- How will you be making your work? Outsourcing, all by yourself, half and half?
Then think about what your big vision for you life is by asking yourself:
- Where will you be living?
- Will you be globetrotting or staying local?
- Will you be a big donor to charities, non-profits, etc?
- Will you only be buying handmade to support other artists?
- Will your partner be working?
All of these answers will help you get down to a number that you need in order to do all the things you want to do in your life and your business. This number may be very different from that big six-figure number you thought of originally. Knowing what dollar amount you need to reach to live how you want will help you look at your prices and charge what you’re worth.
You have a bigger vision for your business than you may realize at first. Some makers want to employ workers in India to create a safe, happy work place in that country. Some service providers want to help entrepreneurs make enough money for them to send their children to top-notch colleges. Others, like me, want to launch something huge: a second business.
I’d love to know what number you came up with that equals the success you strive for! And what does that money equal for you?
This is such a timely post for me. I’m in the process of setting up a freelance writing business, and while I’d love to “get rich” the truth is that it wouldn’t be my only, or even first, measure of success. I love the questions you included and will begin using them as a guidepost for how much money I truly need right now and what numbers I’ll be striving for in my own business.
I’m glad it helped! Congratulations on setting up your new business!
Great post Megan, as always 🙂
Money and success are the 2 things we all want but how much and will it make us happy. Knowing exactly how much your new lifestyle will cost can be a big surprise when you really break it down.
An success, well success means such different things for different people. Nevertheless you need to know how you will measure your success in your business because if you don’t know when you have reached a level of some kind of success in your business and life then you are just wondering hoping for something that may not come, or has come and gone and you missed it.
Have clear goals, use the questions to make your path a realistic one. Then you will be ready when success and money comes knocking at your door.
Blessings Janet