Overextending Yourself Both Personally and Financially

I know a woman who constantly overextends herself. She does it all, and the problem comes along when she finally wears down and needs a breather. Everything falls apart. If she does it all, who is going to do it when she can’t?
It’s admirable to carry a wide load, but it’s not good business sense to only rely on yourself. What happens when you’re sick. Does business continue as usual, or does everything stop? Your business should be able to continue operating with a reasonable amount of ability with or without you for a few days. If not, you need to back up and re look at what you’re going to do if something comes up that pulls you out of the game for a few weeks. Would your business shut down and close, or would you have back up plan?
Another way people overextend themselves is with finances. It’s easy to get caught up int the justification of “I need it for my business”, but do you really? Can you get by with what you have? Can you be creative? Putting out too much income, without a means to pay it off quickly means your business is going to continue to carry debt.
Sometimes purchases we make weren’t as vital as we thought they may be. Stop and think before adding something new to your business. How will you use the product, how often, and what benefits will it bring. Would you be able to operate without it? Trust yourself, and don’t overspend. It’s easy to do. Take a look at your records before making all those purchases. Even a lot of small purchases add up to a lot of money.
Stop! Take inventory of your needs, and move forward from there. When we overextend ourselves both personally, professionally or financially, it’s never a winning combination.





