Alright, let’s delve into a topic that’s often tiptoed around: charging more. As individuals navigating the complex world of finances, we often grapple with a multitude of limiting beliefs, particularly when it comes to money. This is a common challenge that transcends individual experiences, affecting every client or prospective client I encounter at all stages of the financial journey! It’s the leading money struggle that holds back women business owners from achieving the wealth and stability they aspire to. 💼💸
Now, this isn’t breaking news, and you’ve probably heard about the gender pay gap – women earning 82 cents to every dollar a man makes, with women of color facing an even steeper challenge at 63 cents on the dollar. But let me hit you with some surprising stats that might make you rethink your approach. 📉🤯
The #1 Money Struggle: Undervaluing Our Worth
According to a ZenBusiness research study, female creative freelancers charge an average of FORTY-SEVEN PERCENT less than their male counterparts in the same industries. Fast Company adds that we’re more likely to get paid late and are four and a half times less likely to earn over $150k a year. 💸💔
This essentially means that as women business owners, we’re often giving ourselves less equitable pay than our former employers. Can you believe that? It’s a staggering thought, right? At first, I was astounded when I heard that statistic, but in a way, it wasn’t entirely surprising. 🤔📊
The Why Behind the Struggle
So, why do we consistently undervalue ourselves? Why do we subject ourselves to this financial injustice?
Three key factors come into play.
1. Societal Cues: The Unseen Influencer
The first and most substantial contributor is societal cues. We’re bombarded with subtle messages daily, pushing us to undervalue our skills and settle for less. Breaking free from these ingrained expectations is crucial for reclaiming our worth. 🌐🚫
2. Imposter Syndrome: The Silent Battle
Imposter syndrome, a daily nemesis for many, plays a massive role. It tends to surface when we’re trying something new or positioning ourselves as experts. Recognizing and overcoming this mindset is essential for acknowledging our true value. 🎭🌟
3. Scarcity Mindset: The Financial Doomsday Mentality
The third major contributor is the scarcity mindset, convincing us that opportunities are scarce. Shifting from this scarcity mindset to one of abundance can be transformative. 💰🚀
Now, addressing this struggle isn’t an insurmountable task. In my course, “Bookkeeping: Beyond the Boring,” I delve into these challenges and so much more. Beyond the basics of bookkeeping, I strive to empower womenpreneurs and micro business owners to break free from these limiting beliefs, redefine their worth, and pave the way for greater financial success. See how to take advantage of my course here! 📚🔓
The struggle of undervaluing ourselves is real, but we have the power to overcome it. By challenging societal cues, conquering imposter syndrome, and shifting from a scarcity mindset, we can step into our worth, charge what we deserve, and claim the financial stability we deserve. It’s time to unlock the full potential of our earning power and rewrite the narrative. Let’s charge what we’re worth and pave the way for a more prosperous future! 💪💰