I was talking to a good friend this morning and I sorta had an "Ah-ha" moment. We were discussing our goals and immediate plans for the future. We talked about the things that we have in works right now, and the things that have been put on hold. She said something that resonated real, real deep...
"I have some things that I want to accomplish for my business, I just have to wait until I can afford to use money out my check to pay for it."
Man. How many times over the years have I had that same thought process? I would view website design, logo design, marketing costs, and every other entrepreneurial expense as barriers and roadblocks to my dreams. Most of the time I used them as excuses. It never registered that I found money to buy all the things I didn't really need, while I continued to make excuses for why I couldn't afford to fund my business ideas.
That's until I learned the power of the "business budget". The same way you save money for that long over-due vacation, or those way-too-high shoes that you must have...you have to save for your business in that same way. Now you may want to completely remove things like shoes from your budget, but to each its' own. I write down all the things that I will need for my business idea. The next step is actually pricing how much each item costs. Then I set a timeline for getting it done, while putting money back to afford those things.
It's a huge misconception on social media that the "9-5'ers" should just quit their day job and follow their dreams...at any cost. This is true as it relates to your mindset, but I wouldn't advise totally skipping out on all your responsibilities, that's easier said than done. Save your coins, and stick to that budget. You'll be ready in no time.