The BOSS Network Blog

Under-charging is a big problem in the entrepreneurial community, especially among women.  It’s like a chronic illness that stops you from running your business at the highest levels.  It can also cause you to feel like an employee in your own company. So how do you stop the epidemic of under-charging and under-earning?  First, let’s acknowledge the most common myths that exist within the entrepreneurial community: Myth #1: You have to work from sun up until sun down to make your business grow.  This is such a lie.  Sure some sweat equity is required to get going, but if you’ve been in business for 3 years, you should have processes and systems in place that allow your business to operate smoothly even in your absence. Myth #2: If you’re a service professional, you have to charge by the hour or if you sell products, you have to have the lowest prices.  Another lie. If you are charging by the hour for your services, you are cheating yourself. If yo...

The 4 types of people who will always attract money, no matter what the economy! What do most of us hear when the topic of money comes up in conversation or in the media?  Usually it’s statements like this: “Money is tight…” “I’m broke…” “I gotta count my pennies…” “The ‘sluggish’ economy…” “My money is funny…” “I can’t afford it…” “I’m living paycheck to paycheck…” “Can I get a hook up…” How many of these sound familiar?  Which ones of these have you used recently?  Be honest! Listen, I’m guilty of repeating some of these same phrases as well but no more.  It’s time to put a stop to this kind of language once and for all—especially among brilliant entrepreneurs like you. Don’t get me wrong, I totally understand that unexpected things happen that can cause a temporary lack of funds.  Trust me, I’ve been there. However, prolonged “broke-a$$-ness” among brilliant entrepreneurs is a direct result of two things: 1.) making sub-conscious choice...

For many of the women entrepreneurs I’ve talked to recently, this was their number one resolution.  Some  had survived really tough times last year while others just wanted to take their money up a notch.  Either way, change is good.  So here are 6 simple yet powerful money habits that can make a big difference in your bottom line in 2015: Automate your savings.  Don’t just take your spare change to the bank on any given Saturday.  That’s what teenagers do.  Instead, have your bank auto-debit your savings at least once a month.  This takes one more thing off your to-do list and before you know it you’ll have a nice chunk of cash put away.  If saving automatically is already a habit, I challenge you to increase what you save each month by twenty-five percent.  I’m a huge fan of CapitalOne360’s online savings program.  It makes saving easy and fun.  Try it here. Track your income regularly.  Most people advise...

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