Stop Judging Your Bank Account
Bank balance shouldn’t make you sad.
If you’re anything like how I was and you judge your business by your bank account, chances are you’re a very volatile human being. I know what you’re thinking:
- How else do you judge your system?
- How else do you judge your business?
- How do you know if you’re doing good or bad?
I’m telling you right now, you want to look at revenue in terms of how many products or services you’re selling every week and month. And look at industry standards. I used to run my business from the bank account and it used to tear me up. Some days I’d be on a high like – wow all this money’s in the bank account, we’re killing it – then you know a heap of big paying items don’t get paid, so the bank account stays plateau. But all the expenses and wages keep coming out. Then – bang – the bank account depletes.
The next thing I know I’m walking around feeling like a bag of dicks. If you’re looking at your bank account and judging your business from it, you’re setting yourself up for failure. And you’re just going to be an emotional roller coaster – up and down, up and down, up and down – I see it all the time.
People out there who are a little bit new to the game, this is a common mentality to have. But I’m telling you right now, don’t look at your bank account. Make sure that it always has something in it at all times, but don’t judge it as a statement as to how you’re doing and how you’re positioned right now.