Ever heard of the expression – “the pot calling the kettle black?” It means accusing someone of something you are guilty of yourself.
Well that was kind of me at the Toronto breakfast when we got into a discussion about money – making it, collecting it and charging what you are worth.
It all started after an exercise where I had everyone write down what they were going to stop, start and continue in the year ahead. Being entrepreneurs, many were quick to add to the “start” list, as the shiny new object is always so appealing, but I also pointed out that when you take on something new, it’s usually a good idea to let go of something else, so you have the bandwidth for the new.
As the conversation evolved, we got on to talking about money. One woman admitted that she gets really excited about invoicing and sending out her bills, whereas another confessed that even though she knew she’d more than earned her money, she was always tardy in getting the invoices out, or asking for more when the project had taken longer than first quoted.
It was then that we started talking about our attitude to money and for some of us, our avoidance of all-things money. I know for myself I get uncomfortable having to chase after money owed. Maybe it is my British upbringing where talking about money was considered rude, uncouth, and even unladylike.
One of my ways to deal with money head-on, is to try to deal consistently with money issues, so I don’t forget or let it get away from me. I told the group that I have “Money Mondays.” I start my week looking at what money is owed and what bills I have to pay.
Now just in case you are under the impression that I have a real handle on my finances – doing the actual bookkeeping is a whole other story – tackling that is when I have to eat my frog and I procrastinate as long as I can. Hence the saying at the beginning of the blog!
But the group liked my suggestion. And it does make sense. Naturally it doesn’t have to be a Monday, but choosing a specific time each week, means that the task is more likely to happen.
As for charging what we are worth… now that’s a whole other issue. All I will say now is that when I worked as a consultant and raised my daily rate, my clients didn’t blink an eye, all of which made me wish I’d done it sooner! If you are good at what you do – remember, you are worth it. Go for it.
Company of Women
I have had an eclectic career from running non-profit organizations and being editor of a national magazine, to working for government on women’s issues. In 2003 I launched Company of Women, an organization that supports women in business. A prolific blogger, I also write for the Huffington Post, and several other online publications. I am the author of five books on women and entrepreneurship, and co-author of Good Enough. Embrace who you are. Unleash your brilliance. which is available on amazon.ca In June, 2016 I launched Full Circle Publishing offering one-stop services to get your words out into the world.