K. WOODWARD PERSONAL FINANCE
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Reaching For The Sky - How To Conquer Self Limiting Beliefs

17/9/2015

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Fact: you are capable of a lot more than you think you are capable of.

I was driving around with my husband one weekend looking at plots of land and various properties.In addition, we drove to a few car dealerships and asked for quotes on cars. Whenever I liked something I said, I want that orI’m going to get that.

Finally, after two days of hearing me say this so many times, my husband asks: with what money!

I smiled and said, “You don’t ever need to worry about that. First, you decide what you want and then the money somehow finds you!” It sounds crazy, I know, but if I limited my heart’s desires based on the funds currently available I’d probably be nowhere right now.

I’m sure I’ve written about this before but the first time I ever wanted something crazy, I wanted to go to The University of Cambridge. I told my friends what I wanted and only after I got in and got a scholarship to attend did some admit that they thought I was insane for wanting to go to this Cambridge place that many thought was unreachable.

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When I had this desire I didn’t know where the money would come from, all I knew is that I had certain things in my control: hard work, achieving the best grades I could, getting the teachers to like me and back my application and if it came to it, begging whoever would listen for help and advice. I almost never thought of the money issue because that would have discouraged me and it was 100% out of my control. I focused exclusively on what was right in front me – the next A grade.

In the end, I went to Cambridge.

Since then there have been many triumphs and of course, a few failures or life lessons, as I like to call them.


My latest fantasy moment occurred after I quit my job and realized I didn’t want a service business coaching people on how to get into investment banking after all;what I wanted was a product business.

Problem: I needed £80k to £100k($130k to 160k) to get it off the ground. Eek!

Now, I could have written a business plan and tried to get investors to be honest, very few people (even friends and family) are willing to fund a business in a genre that they think is overcrowded like the hair industry – and pretty much every industry outside of technology.

I had two solutions:

Solution 1:start off small, sell things that will keep me earning and enjoying a lifestyle based on working from home.


I did that and incurred some mocking but I didn’t care because my small business was earning enough to keep the bills paid. Okay, if we are being fully honest, I did get a little upset at some of the mockery. I’ll still never forget someone “laughing at me” me for selling wide-tooth combs on instagram – they made some comment about how desperate it was to be selling combs to earn a buck…whatevs, don’t worry hun bun, haters are always going to hate, just focus on your goals and yourdreams.

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Solution 2:just focus ononestep at a time and hope that I’ll save enough by the time I was ready to hire a manufacturer. So…I hired a formulating company. 

Do you know how silly I felt walking into a meeting I’d arranged at an established factory as the 30-year-old CEO of Neno Natural to an audience of 3 people ALL over the age of 50 with a long career in formulating and producing beauty products? Very! To boost my confidence I was dressed well and I looked good in my makeup.

I came out shining.

They thought I was smart and they said the business I was proposing excited them above and beyond many other clients they were doing things for.

Over the course of 12 months I paid for the formulation and as we approached the 15th month enough money appeared to enable an order. Some of my earlier investments paid off and I was able to pursue the dream. That’s life.

If you set your mind on something, you will get it, I promise you. That stuff they tell you about self-belief making things happen? It isn’t just “stuff”, it’s for real!

Anyhow, I’d love to carry on this discussion with you and help you realise your dreams, if you want to start a product business sign up to The Money Spot program. You can join for as little as £49.99/month or come to my upcoming workshop on How To Build A 6-Figure Product Business.

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Want to Build a 6-Figure Beauty Business from the comfort of your sofa? Then my course is designed for YOU! 

"Beauty" includes a WIDE range of products from the not so obvious non-perishable foods and crafts to the more obvious hair, makeup, fashion, health & fitness.

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Problem Solving - How To Think Out Of The Box

9/9/2015

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Too many people try to solve every problem they encounter by themselves. This is not only a waste of time but it’s completely unnecessary. I came up with this insight as I watched my 8-month old son trying to solve his problems.

I noticed that every time he wanted to get to something, if there was an obstacle in his way he continually tried to climb over the obstacle or push through it when he could simply walk around the obstacle and avoid it entirely.

One time, there was a ball behind me and he kept trying to squeeze through my legs when there was ample space to crawl on one side of me. Another time there were some cushions in his way, and yet, another time his little girlfriend Maya was in his way; she really didn’t appreciate having a 9 kg boy trying to climb over her.

His problem solving skills are still in development, of course, but some people do exactly what he was doing throughout their lives.

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Today’s tip is simple: Think about how you can avoid your problems. Instead of climbing over them, can you work around them? I’m not suggesting you take short cuts, no, I’m just saying the solution is sometimes a lot simpler than you think.

If I’m struggling with an issue I refer it to my mastermind group. I have weekly mastermind calls with my entrepreneur friends and often, we problem solve together. There’s nothing like a fresh pair of eyes.

Note that I don’t go to non-business friends to solve business problems; I only go to those of my friends that are in business because they are better equipped to give good business advice.

I started my business in 2012 and it took about two years to build a good quality, credible network of friends.

If you wanting to accelerate the growth of your product business with my coaching program, you can either join the online solution or come to my upcoming live workshop. Alternatively, call to discuss the best solution for you.

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Want to Build a 6-Figure Beauty Business from the comfort of your sofa? Then my course is designed for YOU! 

"Beauty" includes a WIDE range of products from the not so obvious non-perishable foods and crafts to the more obvious hair, makeup, fashion, health & fitness.

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    I enjoy helping people think through their personal finances and blog about that here. Join my personal finance community at The Money Spot™.

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Heather Katsonga-Woodward, a massive personal finance fanatic.
** All views expressed are my own and not those of my employer ** Please get professional advice before re-arranging your personal finances.
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