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Denise Hughes

Denise Hughes

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Women Over 50 - Do You Have What it Takes to Make Yours a Million Dollar Business?

Women Over 50 - Do You Have What it Takes to Make Yours a Million Dollar Business?

Recently, I’ve been privileged to interview boomer women across the U.S. who are on their way to growing their businesses to a million dollars or more. In speaking with them, I notice common threads and qualities that exist in each of them. I want to share these threads with you, for the fabric they weave make dreams come true. May they inspire you as they have me!

Here are the key qualities they share.

A dream to “make a difference” in our world

Each woman I spoke with had what I would call a higher purpose dream or vision beyond the vision of her business. This dream speaks to contribution, service and making the world a better place. One business woman told me, “I realized that staying small and being a one person shop won’t help the world the way I want to.” Another said, “I want to make millions so I can then live and volunteer my services around the world, helping people in other countries.

Not one of these women wanted to make loads of money for money’s sake. They see money as a tool that links them to their highest passion and purpose for being on the planet which has to do with service and giving back.

They “act” on their ideas

Each woman I talked with is a mover and shaker. I believe most of us have “ideas” that pop into our consciousness during the day, where we think, “Wow, that’s a great idea, I should act on that.” The women with million dollar mindsets “act” on their ideas. They believe these creative brain sparks are from the Universe or from a higher consciousness opening them to opportunity, creativity and new energy. They see these “ideas” as steps on the path to get them to their goal!

Has a “daily pulse” on business finances

I was impressed at how “hands-on” most women were with their business cash flow, even if they had bookkeepers to help them out. They are very aware of what’s coming in and what’s going out. This level of clarity is powerful and supports really good decisions in the ebb and flow of cash flow.

Know where they are and where they want to go

Each woman knew with clarity where she currently was in her business and where she wanted to take her business. She had a plan to build wealth. What is interesting is that “how to” get from A to B was not so apparent. There was a certain level of uncertainty. None of these women were “afraid” of the uncertainty. They didn’t see it as an obstacle. Each had an “inner knowing” that the answers and opportunities would unfold while they were busy doing their own footwork to move things forward. Their own footwork included networking, reading books, hiring a coach and holding intention.

They spend their resources wisely

Each of us has a limited amount of time, money and energy. The millionaire mindset woman knows how to plan out her resources wisely and get the most bang for her effort. She is a master at “letting go” of what no longer works. If a business partnership has gone sour, then she moves into a new solution with calculation. She honors and values her time by holding good boundaries, prioritizing and keeping enough open space in her life to keep sane.

She also is wise in her work efforts, doing only what she loves and is expert at. She hires others to do work that she needs and is either not expert at or passionate about.

If you want to play with these qualities and embrace more of them in your life, I have a couple of resources that might spark you on your way. You can check out Sheri McConnell at http://www.my-millionaire-friends.com. The The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael Gerber is an outstanding resource as is the website, http://www.makemineamillion.org.

If you are playing with any of these qualities or opening your mind to new possibilities I would love to hear your stories.

2 Comments

Posted by Mark on 08/07 at 03:21 PM

That’s cool!

Posted by Jennifer on 08/18 at 08:16 AM

This is great - I started my own area rugs company many years ago, and I can relate to this article!

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