Throughout my years of helping hundreds of Black women to build profitable coaching businesses, I’ve found that the biggest hurdle to our success is not necessarily doing the day-to-day work – such as the marketing or the sales, etc.
It’s actually our mindset.
More specifically, it’s our limiting beliefs about money and what’s possible for us.
Limiting money beliefs are beliefs that keep us from being wealthy, successful and happy.
If you want to overcome those beliefs and grow your coaching business faster, here are 3 limiting money beliefs to let go of.
1. “Successful coaches must have something I don’t have.”
The truth is, just because someone is further along than you financially in their business, doesn’t mean they’re better than you. And you certainly shouldn’t be worshipping them as if they are perfect and you aren’t worthy to breathe their air. 6-figure, multiple 6-figure and millionaire coaches are human, just like you. God didn’t give them anything He didn’t give you. So if they can do it, then you can do it, too!
2. “The white woman’s ice is colder.“
We don’t have to emulate everything our white peers are doing in the coaching industry in order to be successful. We can do it OUR way – sell what we want, charge what we want and make money how we want. Just because the “it coach” of the moment is blonde and thin with an expensive website and 100,000 followers on Instagram – doesn’t mean that she has THE “secret” to getting clients and making money. As Black women entrepreneurs, we have to be careful not to internalize racism and fall into the “I’m not good enough” trap just because we weren’t born with white privilege.
3. “Rich people are bad and money is evil.“
How can you desire to be rich and hate rich coaches at the same time? This is the definition of cognitive dissonance at it’s finest. If you want to make a lot of money in YOUR coaching business, then you have to stop throwing shade at the women who make a lot of money in THEIR coaching business. Instead of criticizing them, CELEBRATE THEM. Especially your fellow Black women. Because money is not evil; it’s just that some people do evil things with money. Good people have always done good things with it!
If you’re ready to grow your coaching business to the 6-figure mark and beyond, click here to learn more about my 6-Figure Queen Mastermind.