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Are You Afraid To Make Money in Your Pet Sitting Business?

Why is everyone so afraid of people who make a lot of money?

Recently, I was driving down the road, listening XM Satellite radio and they were talking about the “rich” and taxes. Like it was a bad thing?

Now, despite you might stand in the political arena, isn’t having “wealthy” people a good thing in America? Shouldn’t our businesses MAKE money? Businesses that make money provide jobs in our community. It helps deflate the unemployment rate.

Shouldn’t we see what we can do to help businesses grow and be profitable?

That's a lot of Money!

I feel like this is a basic economic principal but I feel like there is such a gap. I often ponder why I got college credit for taking “The history of Elvis” and “The history of Rock and Roll” at ASU. Wouldn’t it have been better for America if every high school or college graduate had to take mandatory classes on topics like bank accounts, savings accounts, stocks, and retirement savings?

At the very least, knowing the economics that it takes to have a viable, sustainable, valuable on paper business should be the goal of each and every business owner. They should be engrossed in the numbers of their business. Tracking things like income, expenses, new client retention costs, profit, loss, return on investments in advertising, and a lot more. Why did you do better quarter 1 and not so good quarter 2? What about last year compared to this year? These numbers all lead to trends and can very easily tell us what we can predict for our future.

save money on taxes

As business owners, I feel like being obsessed with our numbers is vital to knowing exactly what is going on. It is what separates those from living paycheck to paycheck from those from paying themselves first in their business. It is what allows the business owners to take vacations, work four hour work weeks, or alternatively… be buried by their business!

As a pet sitting business coach, I see the gauntlet of situations. The ones who know their numbers are ALWAYS the ones who are more successful.

They are successful because they know what the numbers in their business are doing. They can make an educated decision. They can invest in their business and personal future. If a drought comes, their stock pile is strong because their house was built on stone. It won’t be easily washed away.

 

Money hungry

But yet – making money –  has such a negative connotation in so many arenas.

But that is confusing to me. We all have a for profit pet sitting company? Right?

I am in business to make money because the roof over my head isn’t free. When I am working, although I LOVE what I am doing, it is taking me away from my frist loves: My husband and daughter.

Are you? Are we in the same boat?

 

What drives the hunger?

The factor that drives me is clear to anyone who has ever really worked with me. I have a passion and love for helping others and excitement to see them succeed. 

I hungry because I sell my advice that has proven thousands of dollars over and over again to work in small and large pet sitting companies all over the world?

I hungry because I have a knack for seeing deficiencies and telling these business owners the hard truth in order to help turn their business around so they can line up and achieve their personal goals?

I hungry to help people and post helpful articles (free, by the way) that I have often provided detailed answers and interviews with experts on?

All you have to do is read some of the testimonies on my praise page

jump-consulting-lucy-moore-facebook-comment

 

Your Pet Sitting Business

If you survey many pet sitting business owners they will say they started for their love (passion) for pets. {Pretty similar to my coaching passion}

Further, if you want to have a pet sitting business that provides you with so much fulfillment living out your passion, wouldn’t you agree that you needed to make enough money to support yourself, pay the business so the business has money to spend on expenses, and possibly even pay staff? Wouldn’t a business owner want the luxury of not having to live paycheck to paycheck?

Or, take vacations? pick the kids up from school? be home for breakfast and dinners?

Pet-Sitter-Unplugged

If this is a want of a business owner, the solution is very simple. They must make money in order to be able to afford these luxuries (or options as I like to call them) in life.

We Must Make Money Or We Will Fail.

…And doing it passively isn’t going to cut it.

It is one of the absolute principals of business.  According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months

http://www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/#1ddf4f905e3c477082c25e3c

There are many reasons… but I believe the most important is that it all comes down to money.

Be money hungry…..with a conscience.

Back To The Government…

It worries me, for the state of our industry. In places like Seattle, we are already getting $15/hr minimum wage. What will that do to the small mom and pop businesses up there? Higher wages, higher taxes, less ability to provide jobs?

Regardless if you agree or disagree with me, have you thought about how this would affect your pet sitting business if all of a sudden you had to follow this new wage?

Do you have the room in your pricing to pay $15 an hour? Some of you do. Which is great! Although, it might cut into the profits or even your own paycheck.

Would this new wage make you have to work back in the business? Would your current lifestyle even support that? {Maybe you are a mom who is needed by kids and hubby?}

Do you have the desire to be financially free and have the options of working in or on your business?

.

Snowball effect….

I can literally HEAR you thinking, “But Bella, I can’t charge any more than I already am.” 

And the answer might just be “ok then change what you are spending and paying yourself.” 

But is that really sustainable if you DON’T raise your rates?  The answer is different for every single business owner. I challenge you to be able to answer that question right now with a YES or NO and know the exact numbers to support your answer. This is the single most important thing that you can do for your business. 

It comes down to a very personal decision for every single business owner. It comes down to knowing your numbers.

I’m Not Afraid To Talk About It.

While a lot of the world is running away from this subject, I am going to run right into it. It is the backbone of all business and I encourage you to BECOME MONEY HUNGRY!  You can’t afford not to be. You need to know what it takes to operate your business and grow your business. Be hungry. FEED YOURSELF because no one else will!

phone pet sitting

If you want to talk about it to, I am here for you. There are a million ways to reach me all over this website. I welcome your contact and hope that I can help inspire you to create the best business that you want.

I even recently published a podcast on whether you should discount daily dog walks and my answer might surprise you!

Back to you…

Sound off below! This blog was a bit more bold than the “norm” but I felt pretty passionate about this topic. Do you agree? Disagree? Have something more to say? I would love to hear from you below and will respond!