Loral Langemeier's Business Bootcamp Video Series
Video 4 – “If You're Afraid To Ask For Cash”
I’m sure you know someone who (or you yourself) has had trouble asking for fair compensation for your services. It’s easy to sell yourself and sell your services – but sometimes you have trouble ASKING FOR THE CASH. And not just asking for the cash, but asking for it BEFORE you do the work.
Loral Langemeier - Live Out Loud CEO, entrepreneurial wealth-building coach, international speaker, and 5-time New York Times bestselling author!
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Money is always a touchy subject, but it’s particularly delicate in the world of business. Every company needs money and the only way to get money is to ask for it, whether it’s selling to a customer or meeting with an investor. There really is no other way around it.
Over the years, I’ve come across a number of entrepreneurs who tell me that they are afraid to ask for cash. It’s not uncommon and many professionals have to work hard to overcome this fear. However, overcoming it is critical because your inability or hesitance to ask is not only detrimental to you, but also to your investors and customers.
Typically, one’s hesitation for asking for money stems from one of two thoughts: you either don’t think you deserve it, or you don’t think you are worth it. Perhaps you doubt yourself as a business professional and assume an investor will think you are inexperienced, or are not ready to drive a company to success. Or, perhaps you think a customer will not share your vision or see the value in the service or product you are trying to sell.
I wish I could say there was one easy solution to shed these fears. There is not. For some entrepreneurs, simply reminding themselves that they are worth it is enough to instill confidence. For others, they may never entirely overcome these inner negative thoughts. While there may not be an easy solution, there is one thing I tell hesitant or self-doubting entrepreneurs. Ask yourself these two questions: “Am I good at what I do?” and “Do I solve a problem and/or meet the needs of others?” If the answer is “yes,” you are not selling; you are serving. You are providing something of worth to people, which makes you worthy of that investment.
Training Information
“If You're Afraid To Ask For Cash” Video
Time: 1:10
"Make a change…learn to ask for the cash up front and fulfill on the back – just like every other successful business that exists out there." – Loral
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About Your Coach — Loral Langemeier
My name is Loral Langemeier — CEO of Live Out Loud, international business and wealth coach, speaker, trainer, Dr. Phil’s “Money Expert,” author of over 30 books and 5 New York Times Bestsellers, including the “Millionaire Maker” series:
Since I created and perfected a 3-5 year strategy for the “Average Jill and Joe” to make millions, I’ve been featured on ABC, NBC, CBS, CNN, CNBC, Dr. Phil, The View, Fox News Channel, The Wall Street Journal, USA Today, Businessweek, Forbes, The Secret, and a long list of other popular media.
Here's what our community members think...
"I’ve seen Loral blossom and grow and impact millions of people’s lives. She’s got that YES Energy! She’ll be in your face, so be ready, but she does that because she wants you to take the steps to improve & control your own life."
Sharon Lechter Rich Dad, Poor Dad co-author
"I find Loral to be one of the most formidable business women in the world. She not only teaches – she does…She understands the things you need to do to grow a business and does them all extremely well."
Perry Belcher, Digital Marketer Co-Founder
“If you haven’t ever attended one of Loral’s events, I’m wondering what cave you’ve been living in. Her events are fabulous. We have nothing but go-getter human beings who love YES! energy, and I happen to be one of them.”
Glenn Morshower TV Actor – 24, X-Men, Transformers
