Reframing Financial Mindset For Growth And Success with Lisa Gilmore

In this episode, Lisa Gilmore, an amazing woman who has been in business for around ten years now, shared her inspiring experience on how she transformed her relationship with money in order to achieve the financial success that she has right now. 

 

We talked about how she was able to shift from a scarcity to abundance mindset, how she overcame financial struggles to achieve success, how she made uncomfortable decisions for her business’ growth, and many many more!

 

Buckle up for what I think is probably going to be one of the most powerful interviews you've ever heard because, this lady has walked THE journey especially over the last three years!

SHOW NOTES: 

 

0:00:00 Introducing Lisa Gilmore

0:02:28 Defining The Word “Rich”

0:04:01 Reflections on Business Struggles and Success

0:07:54 Reevaluating Relationship With Money

0:09:18 Biggest Internal Shifts And Transformation

0:12:46 The Book That Changed My Life And My Business

0:13:43 Benefits of Micromanaging Finances

0:16:47 The Power of Financial Literacy

0:21:39 Increasing Clientele and Prices 

0:24:12 Taking Action to Grow a Business

0:26:07 Conversation on Courage, Vision, and Making Uncomfortable Decisions

0:29:39 Achieving Visionary Leadership 

0:34:44 What Does Lisa Do For Fun

0:38:34 Fast Q&A with Lisa Gilmore

0:48:34 The Biggest Takeaway From Lisa Gilmore

QUOTES

 

“It's funny because the word rich doesn't actually go into my mind. I think I always replace it with wealthy because to me, rich, it does have a negative connotation of people who are wasteful with money or didn't work hard for it.”

“I reevaluated my relationship with money and personally and how I was raised and how to talk about money and not talk about money. And I realized that I had to stop living in a scarcity mindset. And so in that year of being able to get really dirty, I took my business from 825,000 in revenue to 2.25 million in a year.”

“A lot of people will always go, ‘Oh my gosh, you made the money. Congrats on the final end result.’ The end result doesn't get there without Lisa Gilmore changing herself foundationally.”

“It's just like getting so uncomfortable with money to the point where you almost feel nauseous. To me, that's the beautiful part, because then you know you're finding the weak spot that you have to enhance.”

“It’s the courage it takes to do the hard things, to get the easy thing.”

“If you don't understand your profit margin, if you don't understand your taxing, if you don't understand where your costs are, you could literally be making all this money. And there is a big plug over here, and you need to plug that hole.”

“The hole is one of the fastest ways to make more money in your business, is to cut expenses that you no longer need.”

“There is such power in knowledge. There is such power in overcoming and having the courage to look at the hard things and do the hard things.”

“Did I make a mistake? But it just takes that first contract to be like, ‘no, I didn't make a mistake.’ Here we go. And so that was a challenge that I did. And then, additionally, I also really started paying attention to my team and my strengths and weaknesses and their strengths and weaknesses.”

“You were going to this area where you believed that there was a new version of life for you and a new version of business, a new version of profit, a new version of a new caliber of client, a higher caliber of client, and it required you to stay the course even when it was hard. So that takes courage.”

“That is the biggest takeaway for me, is I want my clients just to feel like they are worthy, they are valuable, they live hard, busy lives, and they deserve everything we're doing for them, because at the end of the day, that's important for design, too.”

“The biggest thing you can do for your business is identify your weaknesses, hire them, and watch them soar.”

“I am not going to let my business rule my life anymore. I am me. My business is designed to serve me, not the other way around.”

“Honing in your relationship with money will truly change and define the narrative, everything, the tone, everything, and you'll be able to go at it with such a different, clearer mind and not such an emotional mind.”

“The biggest advice I have for somebody is really taking your head out of the sand and having a true conversation with money and what you want from it. And then the rest will follow through, of course, with consistency and tenacity.”