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Posted by on Apr 27, 2017 in Money & Finances, Smart Women Tips | 0 comments

Smart Money Tip #2 – Bargain hunting and the scarcity mindset

Smart Money Tip #2 – Bargain hunting and the scarcity mindset

Last week, we talked about how to make and save money, and then what to do with it.  I even mentioned that if you could save $500 a month for 20 years, you could end up with over $250,000 in retirement.  So, if you missed that video, click the link below to watch it.

That video triggered a great question from one of our members.  If you have questions, be sure to send them in by visiting our Smart Women’s Coaching Facebook Fan Page.

Deb writes…

“Katana, I have a question about your latest newsletter and video. In it, you speak of needing a new $400 vacuum and finding it for $110 with shipping. I was always taught that if you have a ‘bargain-hunter’s’ mindset or an ‘I will never pay full price for anything’ mindset, that the mindset will determine who you will attract in your business, so you would attract people who always want a discount or for you to cut your price. I would love to know your thoughts about this!”

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Posted by on Apr 20, 2017 in Money & Finances, Smart Women Tips | 1 comment

Smart Money Tip #1 – Finding Money in Unconventional Places

Smart Money Tip #1 – Finding Money in Unconventional Places

Want to know how to create an investment portfolio funded with money found in unconventional places? Of course, you do! Let me show you how easy it is.

My husband and I recently realized we needed a new vacuum. The one I wanted cost $400. My husband is fantastic shopper, and he was convinced he could find it for a better price. He searched the internet and discovered the exact model for only $80!

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Posted by on Mar 21, 2017 in Contributing Expert, Mind, Body & Spirit, Smart Women Tips | 0 comments

More Abundance

More Abundance

Everyone wants more abundance because it implies an infinite connection with the “good” aspects of the universe. For those who have ample abundance, there are dreams of love, better health, or a different way of life. Ultimately, it’s the same vision but slightly different.

Abundance is a frequency. It’s much like tapping into a radio station, a particular band of energy. As with the radio, you have to know the “number” or feeling of the frequency to locate it. You also have to search for it and tune into it. We identify the right frequency by listening to the “sound” for a moment or two.

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Posted by on Mar 13, 2017 in Caregivers & Legacy, Designated Daughter, Smart Women Tips, Wills & Estate Planning | 0 comments

Smart Women Tip:  The Time to Prepare for Caregiving is Now!

Smart Women Tip: The Time to Prepare for Caregiving is Now!

Rosalyn Carter eloquently stated:

“There are only 4 types of people: those who have been caregivers, those who are caregivers, those who receive care, and those who will be caregivers in the future!

  • How many children are really prepared for that phone call from one of their parents or loved ones that will turn their lives upside down?
  • If you are the parent, are you prepared and have you talked with your children about your wishes if something should happen to you and you need assistance?

The secret is to be prepared so when a triggering event should happen, you will feel confident for making decisions and everyone involved will understand what’s expected.

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Posted by on Oct 3, 2016 in Business & Marketing, Business Mindset, Money & Finances, Money Mindset, Retirement, Smart Women Tips, Success | 0 comments

Are you ready to take the Leap?

Are you ready to take the Leap?

I was talking with a friend yesterday who told me that she had lunch with several women in their late 50s and early 60s who were discussing their “Dream Jobs.” I couldn’t believe it. Most women would be planning for retirement, but instead, these ladies were dreaming about their perfect job.

Why the mindset shift? I believe it’s because many women have spent their lives living someone else’s dream. By midlife, the kids have probably left home and the spouse may be approaching retirement and looking to slow down. Many women are finding this to be the ideal time to explore, reinvent, and try something totally new.

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Posted by on Sep 21, 2016 in Healthy Living/Healthy Body, Mind, Body & Spirit, Smart Women Tips, Success | 0 comments

Pura Vida!  The Secret to Living 100 Years

Pura Vida! The Secret to Living 100 Years

Over a decade ago, I visited a friend in Costa Rica and fell in love with the country. Since then, I have returned eight times; leading women’s retreats, celebrating my daughter’s 18th birthday, and just exploring the countryside. I loved it so much that I almost bought a ten-acre farm in the Nicoya Peninsula.

The Nicoya Peninsula is known as one of the Blue Zones, famous for the high rate of Centenarians — people living to 100 and beyond. In fact, in June 2012, Costa Rica reported 416 citizens over the age of 100. With just 4.5 million citizens, that’s a huge number.

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Posted by on Aug 16, 2016 in Get Inspired, Smart Women Tips | 0 comments

Are You Living from Your Heart?

Are You Living from Your Heart?

On last week’s show, I talked about my four-step quick goal-setting technique that I came up with on one of my bike rides. Yesterday, I was out riding my bike again, and thought I would head back almost as soon as I started. It was hot, I had been delayed till the hottest time of the day, and I was exhausted. In addition, I have really bad arthritis and was having a lot of pain that day.

All of a sudden, I remembered my friend, Keven Degen and thought, “What in the world are you complaining about Katana?” My dear friend, Kevin, had passed away six years ago on August 10, 2010 at age 52 after a bike accident.

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Posted by on Aug 10, 2016 in Business Mindset, Get Inspired, Mindset, Smart Women Tips, Success | 0 comments

Your Simple Three-Step Process to Winning the Gold

Your Simple Three-Step Process to Winning the Gold

In his book, The Seven Habits of Highly Effective People, Stephen Covey says to “start with the end in mind.” This concept is important whether you are starting a diet, writing a report, planning a garden, and even planning your life. I have been watching the 2016 Olympics, and last night, I saw an interview with American athlete Ryan Murphy who took gold in the 100m backstroke. Like many Olympians, going to the Olympics has been his goal since he was a small child. We saw drawings (or what we would call vision boards) that Ryan had created of him swimming the back stroke when he was young. These images were captioned, “I look forward to being the best swimmer in the world one day.” This is such a great example of how having clarity, passion, and focus about what you want, and then executing that vision with systems and a coach is so important not only for athletes but for every part of life.

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Posted by on Jul 29, 2016 in Business & Marketing, Business Mindset, Smart Women Tips | 0 comments

Quick Five-Step Goal Setting

Quick Five-Step Goal Setting

A few weeks ago, I injured myself while pulling up our boat anchor. I actually tore the cartilage in my ribcage; it was incredibly painful. Because of this injury, I wasn’t able to ride my bike for several weeks. However, just a couple of days ago, I was finally able to saddle back up and go for a ride.

The first ride was tough. I gave up halfway because I was having problems with breathing deeply. I was just happy that I could get back on the bike and make it home. The next day, I started out for another ride, and before I even left the neighborhood, I contemplated heading back because I was having a hard time breathing again. I also noticed that I had forgotten my helmet. Perfect! I had a great excuse to give up and go back home! I went back and got my helmet, but instead of quitting, I started out again, determined to complete my normal ten-mile trek.

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Posted by on Jul 29, 2016 in Get Inspired, Mind, Body & Spirit, Mindset, Smart Women Tips | 0 comments

Become a Change Agent with Three Simple Steps

Become a Change Agent with Three Simple Steps

For years now, I have had the pleasure of interviewing and getting to know women who are leading change in the world. These are women who are either on the cutting edge as a thought leader, giving selflessly of their time, energy, and wisdom through their work, and volunteering and teaching others while some are authors and speakers and others are sharing their wealth through philanthropy. All of this is what I call Creating Legacy.

We are normally drawn to become passionate or involved in a cause because we either notice something that we get angry about and we feel something needs to be done about it, or we notice something that moves us in a positive way and feel attracted to support that cause with our time, energy, and money.

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Posted by on Jul 18, 2016 in Mindset, Smart Women Tips | 0 comments

How False Beliefs Sabotage Our Inner Peace

How False Beliefs Sabotage Our Inner Peace

“Everything we do is infused with the energy with which we do it. If we’re frantic, life will be frantic. If we’re peaceful, life will be peaceful. And so our goal in any situation becomes inner peace. Our internal state determines our experience of our lives; our experiences do not determine our internal state.”

~ Marianne Williamson

I received this quote by Marianne Williamson from our 100 Days of Inspirational Quotes and wanted to share it with you. I found it interesting because I believe our early childhood experiences create our beliefs, and our beliefs create our thoughts. Our thoughts in turn determine how we show up in the world and how we react to new experiences.

So for most of us, the idea of living in a state of inner peace, joy, abundance, and love is the goal. Getting there can often seem futile because of the way our mind works.

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Posted by on Jun 21, 2016 in Smart Women Tips | 0 comments

Don’t Keep Your Dreams in a Box

Don’t Keep Your Dreams in a Box

Have you ever had a defining moment when you just knew your life would never be the same? I remember the time I was leading a financial literacy workshop called, Smart Women Finish Rich, for the Federal Reserve’s Money Smart Week. This was a very popular topic, so my phone rang off the hook with women wanting directions to the event. In addition, given that I was offering it in an affluent area, something else strange happened. Quite a few women asked if the bus drove by the location of the workshop.

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Posted by on Jun 14, 2016 in Mindset, Smart Women Tips | 0 comments

The Life You Lead is the Legacy You Leave

The Life You Lead is the Legacy You Leave

On June 2nd, I was invited to speak about Legacy to the Women’s Division for Project HOPE during their Annual Meeting at Forest Lake Country Club in Bloomfield Hills.

I was thrilled to speak on this important topic:  The Life You Lead is the Legacy You Leave.  Legacy is more than money — it’s what people think, feel and remember when they speak or hear your name.

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Posted by on Mar 14, 2016 in Smart Women Tips | 0 comments

Don’t miss your greatest moment for happiness!

Don’t miss your greatest moment for happiness!

March 8 was International Women’s Day, and to celebrate, I attended an event hosted by the International Women’s Forum of Michigan, featuring the spirited dynamo, Gisela Becker, founder of SPANCO. Gisela has worked tirelessly to build a hospital, a dental clinic, and an orphanage as well as provide educational and vocational opportunities for children in need in Ghana. In fact, on February 8th, she returned home from a trip to Ghana where she travels about four times per year after loading a 40 foot ship container with goods like bicycles, mattresses, clothing, sewing machines, and technology devices . What makes this even more amazing is that Gisela Becker is 86 years young! Seriously, meeting her last night and listening to her personal story of leaving Germany as a teenager with just $100 in her pocket to come to the US, as well as how she ended up where she is today was so inspirational.

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Posted by on Feb 5, 2016 in Enlightenment, Smart Women Tips | 0 comments

Open the Floodgates of Prosperity with Gratitude

Open the Floodgates of Prosperity with Gratitude

The birth of Venus

It’s been said that everything is energy, and that we attract what we focus on. In fact, the first chapter of the book, Think and Grow Rich, written in 1937 by Napoleon Hill, is called “Thoughts are things.”

Today, this idea has become a Universal Truth. So why is it that many of us find ourselves overworked, overwhelmed, stressed and focused on what we don’t have or what’s NOT working?

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Posted by on Feb 2, 2016 in Money Mindset, Smart Women Tips | 0 comments

How to find money to invest

How to find money to invest

In today’s tip, I want to show you how to create an Investment Portfolio totally funded by free money!  Creating wealth and what I call Awakened Prosperity which includes health, wealth and happiness – doesn’t normally happen just by accident. Wealth and prosperity in most cases are created through a combination of many smart choices and smart habits.

So my tip today is about just one way to find money to invest for your retirement by being a smart shopper!

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Posted by on Dec 21, 2015 in Retirement, Smart Women Tips | 0 comments

Second Acts:  The New Retirement Solution to health, wealth, and happiness

Second Acts: The New Retirement Solution to health, wealth, and happiness

Second Acts: The New Retirement Solution to health, wealth, and happiness

  • How do you really want to spend the second half of your life?
  • Is your goal to someday retire, or perhaps, you’re planning on working forever?
  • Have you ever thought about what it would be like to get paid to follow your passion and fulfill your life purpose? Would it even be considered work anymore?
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Posted by on Oct 20, 2015 in Enlightenment, Get Inspired, Healthy Living/Healthy Body, Love & Happiness, Mind, Body & Spirit, Mindset, Smart Women Tips | 0 comments

Bullying

Bullying

As I helped my daughter pack for choir camp, I noticed she didn’t seem very excited to go. Her underwhelming enthusiasm didn’t make sense. Choir has always been her place to shine. She worked hard to earn a spot in the audition-only group and she had always looked forward to the annual trip with her fellow singers.

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Posted by on Oct 2, 2015 in Enlightenment, Mind, Body & Spirit, Mindset, Smart Women Tips | 0 comments

Your Thoughts Are Things that Create Your Experiences

Your Thoughts Are Things that Create Your Experiences

When you join our free Community at www.smartwomenscoaching.com, one of the wonderful free gifts you will receive is 100 days of inspirational quotes by women. They come to your email box every morning for 100 days. Not only do I get such great feedback from people who are receiving these little gems, but I sign up for them myself and start my day with them.

Today, I read the words of Marianne Williamson which sounded very familiar to Napoleon Hill’s words “Thoughts are Things” written over 78 years ago. In her quote, Marianne shares these words:

Everything we do is infused with the energy with which we do it. If we’re frantic, life will be frantic. If we’re peaceful, life will be peaceful. And so our goal in any situation becomes inner peace.

She goes on to say, “Our internal state determines our experience of our lives; our experiences do not determine our internal state.”

So if “thoughts are things,” and our “internal state determines our experience,” how can we incorporate these principals into our lives so we can truly have more inner peace and live a life we truly love?

Most of us have very busy lives. We are working, running businesses, networking, caring for loved ones, doing chores, studying, and trying to fit in self-care. With all this going on, how can we live these words by creating more inner peace?

I believe the secret is to incorporate a mindfulness practice into your daily life. We have interviewed many experts about this topic on our program, and I highly recommend going into our archives and listening to these shows.

I’ve created a “daily prosperity practice” that I do first thing in the morning and just before bed. It is my time, and it takes less than 10 minutes. Because it’s such a short time commitment, I also repeat it during the day.

Here are the 5 steps:

  • Step 1 — Plug In: Select your favorite meditation music with your ear buds. I downloaded one that I love from www.OmHarmonics. I saved it to my home page on my iPhone, so it’s always available to me. It’s about 10 minutes long, so it’s perfect.
  • Step 2 — Breathe: Take several deep breaths to connect with your soul. I use the 4/7/8 breath. Simply breathe in through the nose on the count of 4, then hold for 7, and finally exhale through the nose on the count of 8. Do this 4-8 times.
  • Step 3 — Address the Divine: Now is your time to express gratitude and raise your vibration. It’s also the time for you to ask for what you want in your life. You can ask for inner peace, better health, for more income. This is when you envision what it is you want to manifest in your life. It’s time to see it and feel it. Now end just like you began by expressing gratitude. This is all about raising your vibration. My spiritual coach said that when we are in a low vibration, we are tapped into everyone on the planet at that low vibration. And when you are in a high vibration, you are tapping into everyone on the planet vibrating at that high vibration. I found her comment very visual. Who do you want to be tapping into?
  • Step 4 — Write: Keep a journal and end your prosperity practice every day by writing down what is it that you want to bring into your life that day. Write down your dreams, your desires, and what you are grateful for.
  • Step 5 — Repeat: At the end of the day, repeat this process and come back to your journal to record little miracles that happened that day. What you noticed, what you learned and what you’re grateful for.

 

Katana AbbottCome join our free community and receive your daily inspirational quotes by women at www.smartwomenscoaching.com. It’s time to live with more purpose, passion and prosperity!
Katana Abbott, CFP®, is a Life and Legacy Coach™, and founder of the Six Pillars of Awakened Prosperity System™, the proven step-by-step process that shows you exactly how to create wealth, make a difference and live the life you love.  To get your F.R.E.E. Video Course and receive her weekly money, mindset and manifesting articles on attracting more wealth, joy and ease into your life, visit www.smartwomencoaching.com.

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Posted by on Sep 10, 2015 in Smart Women Tips | 0 comments

Branding – How do you show up in the world?

Branding – How do you show up in the world?

Susanne and Kat at bone fish

Today, I want to share a tip about a dear friend of mine who is the perfect role model for branding. To me, branding is how you show up in the world – how others remember or describe you. It’s both your personal brand and your business brand.

The secret is to be purposeful about your branding. My friend, Susanne Forbes Dicker, has done just this. Susanne is known as THE HAT LADY. She is a real estate agent from Dallas who moved to Michigan a few years ago. Every time I see Susanne, she’s wearing a hat. She literally has hundreds of hats, and each one is coordinated with a specific outfit. It’s her brand.

A few weeks ago, we traveled up north to Bay Harbor for a weekend event, and each day, Susanne wore a beautiful outfit with a matching hat. In fact, she even wore a hat in the car. Her branding is smart, classy, kind, and consistent – a reflection of who she is.

During our four-hour drive up north, I had a chance to ask her about being THE HAT LADY and how this branding has helped her with her business. This is what she shared with me:

“I have known the value of branding ever since I worked at Neiman Marcus between 1965 to 1969, and I saw how valuable a moniker it was to do statement dressing and to have a HAT LADY “tag.” It has served me well with marketing myself and my real estate business. My tag line was “I wear many hats to serve your real estate needs.”

I love that. It’s so simple, yet it sticks. Susanne continues to explain, “People would always say that they were working with the HAT LADY in buying or selling their homes. In fact, I was riding a camel in Israel, and a couple came over to me and asked if I was THE HAT LADY from Dallas, Texas. Even now, I don’t know how to dress without a hat.”

Now that is a powerful, yet simple branding idea. It would never work if she wore a hat once in a while or just on occasion. Susanne owns this brand, and it has served her well.

Now it’s your turn. What’s your personal brand? If you’re in business, what is your business brand? Think about this for a moment. My brand is Smart Women and living with purpose, passion, and prosperity. Not only is living with purpose, passion, and prosperity my tagline, but these ideals are how I live my life every single day. When asked if my glass is half full or half empty, I always say my glass is overflowing. This attitude has helped me stay positive even through my darkest hours – it’s what makes me tick and is the reason I get up every morning.

Personal Branding Coach, Jill Jordan, always says, “If you don’t brand yourself, someone else will, and you may not like what you end up with.” So my suggestion is to spend some time thinking about your branding. Be purposeful. If you aren’t sure, get some help.

Here are some things to ponder:

  • How are you showing up in the world?
  • Ask others what they think your brand is.
  • Notice when someone introduces you – what do they say about you?
  • And how is your branding serving … or not serving you?

For more on branding, visit our website: www.smartwomensempowerment.org, go to the BUSINESS and MARKETING tab, and then scroll down to BRANDING. There are some terrific articles by branding experts Jill Jordan, Ruth Klein, Gail Martin, Kaya Singer, and video expert, Lou Bortone. You can also access all these articles from the Smart Women’s Empowerment mobile app through your app store.
Katana AbbottKatana Abbott, CFP®, is a Life and Legacy Coach™, and founder of the Six Pillars of Awakened Prosperity System™, the proven step-by-step process that shows you exactly how to create wealth, make a difference and live the life you love.  To get your F.R.E.E. Video Course and receive her weekly money, mindset and manifesting articles on attracting more wealth, joy and ease into your life visit www.smartwomencoaching.com

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Posted by on Aug 25, 2015 in Money & Finances, Money Mindset, Retirement, Smart Women Tips | 0 comments

How to Get Clear Before Starting a Business in Retirement

How to Get Clear Before Starting a Business in Retirement

You’re not alone if you are one of the 80,000 Baby Boomers who is approaching or currently in retirement and looking for a way to generate income to supplement your savings, Social Security, and pension.

Many of the women I work with are looking for a way to generate this income by starting some sort of business that will allow them to leverage their unique abilities and talents as well as give them the freedom to travel, take care of themselves and give back.

I believe for most, the new retirement solution will be a combination of work, fun, learning, and giving back.

Before quitting your job, taking an early retirement to start a business in retirement, there are three steps I recommend you take:

Step #1: See where you stand financially by creating a financial plan. Yes, this means meeting with a financial planner who can help you take a peek at what you want to do before you do it. A financial planner can help you look at your current income, expenses, debt, investments, insurance and company and government benefits to help you see alternate scenarios before you take a leap.

  • Examples could be downsizing, working part time, how working longer affects pensions and Social Security, even moving overseas where costs are much lower. BTW, I’ll be interviewing Kathleen Peddicord of Live and Invest Overseas about doing just this.
  • In fact, reducing your expenses just $10,000 per year during retirement can have the net effect of $250,000, because at 4% it would take an additional $250,000 to generate that $10,000 over a 30 year period.
  • Doing a financial plan can also tell you how much income you need to generate from a business to cover your income shortage.

Step #2: Create a formal business plan. Take some time to work with a business coach or your CPA to help you create your business plan, identify what type of business you want to create, how you would generate revenue, programs, products, services and the key players you will need in the business. There is a lot more to this, including branding, marketing and outsourcing, but the key here is to plan before you leap.

  • One mistake I see people make is to retire thinking they can start a business which will give them freedom and income, only to find themselves overwhelmed, losing money and wondering what they got themselves into.
  • You can keep your business model very simple by doing the planning before you put your shingle out.

Step #3: Assess your strengths and weaknesses by understanding the concept of Front Stage/Back Stage

How many business owners start a business looking for freedom only to end up as the “Chief Cook and Bottle Washer” vs. thriving by focusing on their unique abilities in a team where others are doing the same?

  • Example of Front Stage: Someone who is a “Front Stage” person could work for a CPA firm, but would not be happy behind a computer working with numbers. In fact, a “Front Stage” person would be terrible at it. “Front Stage” people flourish by growing the firm, developing relationships with new clients and strategic partners, and problem solving, but they would want to hand-off the details to their team of “Back Stage” folks. Neither is better than the other — they both play very different and important roles. You can be an engineer, CPA, consultant, graphic designer, yoga teacher, and be in either one of these roles.
  • Example of Back Stage: A young lady who worked for me a few years ago had an engineering degree from U of M, with a specialization in accounting and got a job as a financial planner after graduating. She passed all her exams and loved working on the financial analysis. She thought she had found a career she loved until she was told that it was now time to get on the phone and find clients. She ended up leaving the career feeling like a failure. This is sad, yet it happens so often.

I immediately saw she was a “Back Stage” person and helped her get a job doing administrative work for a local CPA firm. She is now thriving managing the details for the lead CPAs in the firm.

So here is the key, to truly enjoy your “retirement lifestyle” will working in your new “retirement business” you will want to get crystal clear about what you should be focusing on, what you want to delegate and outsource and who you’ll need on your team.

And remember, just because you are the owner doesn’t mean you need to be front stage. You could be the owner and do the technical or managerial tasks, while partnering, delegating or outsourcing your marketing and front stage work.

In addition, your team can be virtual. My Virtual Assistant, Tara, lives across the county and takes care of all the detail work so I can do all the creative, big picture, and connecting with others.

My biz partner, Chris, makes everything better and is fabulous at graphic design. I also have a book editor and marketing expert who lives in North Carolina. We all have specific skills and work together great as a team.

Without my team, I would be overwhelmed and unable to implement. With my team, most systems, like the radio show for example, run totally without me. This way, I can travel, create, connect and lead which is what I love and do best.

Online Assessment and Consultation:

Want to know what you should be focusing on and what you do best? I suggest you start with an assessment.

One of my favorite assessments for identifying your key strengths or roles you should focus on in business as well as who you will need on your team is called Wealth Dynamics. The assessment is not free — it runs $97, but I believe it’s worth every penny.

You can visit the main website to learn more. They even have a nine-minute video that describes the process. When you take the assessment, you receive a very detailed 32 page assessment. Again, here is the link to check out the Wealth Dynamics assessment.

 

Katana AbbottIf you take the Wealth Dynamics assessment and want to review it with me, I am offering a limited time 30-minute complimentary Breakthrough Coaching Session which is a $200 value. During this call, we will talk about your business idea, what role you should play, and who you need on your team to thrive. Just visit www.TalkWithKatana.com and you’ll be taken to my online calendar when you can pick a time to chat!

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