I’m in the process of changing the way I receive payments in my business. It’s something that I’ve wanted to do for a while, but never had the guts to do it.
I was afraid I’d get a lot of kickback from my students and prospective students would be more hesitant to sign on with the new system.
For those of you who don’t know, I own a music lesson business where I give guitar lessons.
The industry standard for a while has been such that you pay a certain amount for each weekly lesson. If you have 4 lessons in a given month, you pay for 4 lessons, and so on.
I’m switching to a flat monthly amount. In addition, I’m changing over to automatic debit verses getting paid each month by check.
The reasons for wanting to do this are several which I won’t get into here. But, the interesting thing to me was how much of a struggle it was for me to implement this change.
Why this was difficult for me
It really came down to fear. I was afraid of kickback. What I eventually wrapped my head around was that if I could highlight the benefits for my students and confidently tell them this is what I’m going to be doing, they would be fine with it.
If fact, I had 3 new students start last week and, when it came time to talk about money, I told them how it was structured and they were fine with it!
I’m continually reminded how running an effective business is directly tied to personal growth. I can tell you, in the past 6 months, I have thought a whole lot more than I ever have before about how I relate to others.
I have also seen firsthand how a healthy outlook makes a difference, even for the bottom line.
Question: Is there anything you’re doing right now that is spurring on your personal growth?