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Entrepreneurs - Money Problems Are Really Indicators of Bigger Issues

Wednesday, July 13, 2016


Every entrepreneur experiences financial struggles, yet money problems arise because of how you think or what you believe about money and how you use it.Do you have problems with money? Actually that’s a misleading question. The fact is you really don’t have problems with money. Money is a neutral form of exchange. It’s neither good nor bad. Money in itself isn’t the problem. The problem is how you think or what you believe about money and how you, in turn, use it.

In situations of extreme dysfunction it’s not surprising that money problems surface along with addictions and domestic violence. As I have said several times, once one ethical boundary is crossed, it becomes easier to cross others.

Yet it’s equally true that not all problems in an entrepreneurial relationship eventually cause money problems. Some couples retain their financial wealth in spite of problems in other areas of their business and life. Still other couples are able to keep a problem isolated long enough to work it out so that the balance is restored before the consequences affect the pocketbook. In the case of dual entrepreneurs, money trouble may trigger events that upset the balance of their lives and business.

There isn’t an entrepreneur that hasn’t experienced financial problems. Perhaps your first venture fizzled out. Perhaps a change in the industry forced you to seek diversification. You may have had to borrow money to make payroll on at least one occasion. You may even have faced bankruptcy.

The American Dream is not as easy to achieve as the naive may think. It takes hard work and resilience—often a lot of resilience to fight back when the cash flow has dried up. When you have life and business plans, and when you’ve been attending to your stress level and keeping your developing progressions in a healthy balance, you can face money troubles with determination and creativity. Unpleasant as the task may be, healthy people do what they need to do. Still, you never know just exactly how you will survive a financial disaster until you face one.

Even though your life may not be as out of control as the lives of some, you still may be alarmed by the stories you hear and these may alert you to changes you need to make in your own life. My book, Entrepreneurial Couples: Making It Work at Work and Home provides many Self-Assessment Exercises that can guide you as you build your own personal and couple power plan for total mental, physical, and spiritual health and well-being. If you have questions about what you read, I’m available for an online Q & A session.




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