Like most female business owners, you’ve probably got a list of great ideas for your business. You might even have a file full of ideas for new business ventures. So why haven’t you done anything about them? What’s holding you back?

Sometimes the things that hold us back are practical in nature: lack of financial backing, lack of time, lack of resources. But the biggest thing that holds you back is YOU.

Most of us limit ourselves without even realising. We make assumptions about other people and how they will respond. We make assumptions about the risks involved without really investigating them. We listen to the naysayers and stop listening to our ‘inner entrepreneur’.

And we often our set our expectations and goals too low. Why can’t you triple your income by the end of the year? Why can’t you make your business as big as you dare to dream it could be?

I love the quote: “Aim for the stars and maybe you'll reach the sky”. If you set your sights on a goal that most people view as “realistic” or “achievable” then you are aiming too low. Aim for higher than you ever thought possible. Give yourself permission to dream big.

And then: just take a first small step. You don’t need to achieve it all in one day. Start by doing one action that will take you closer to your goal.

Michelle Grice writes a weekly column for business women in The Western Weekender

This morning on my Facebook newsfeed, the following sponsored post appeared: “Would you keep working if you won $15 Million?”. For many people in the workforce, I think the answer to this would be a resounding ‘yes’. But is that true for you as a business owner?

Your answer to that question comes back to the reasons why you are a business owner. If your reasons are purely to earn money or ‘get rich’, then I would imagine you would most likely quit working if you won $15 million. But many business owners established their businesses for reasons besides just making money – and I wonder if many of them would answer ‘no’ and want to continue working.

Personally, I would keep working – although the capacity of that work and what work I undertake would be likely to change dramatically! Winning a large sum of money would provide me with an enormous scope of choices around how I spend my time and the enterprises I could establish.

But as I thought about this question more, I realised that it is a great evaluative tool. If answering this question brings to light the things that you would REALLY rather be doing, perhaps it is time to challenge yourself as to why you are not aiming for more of those things now. As we hear time and again, life is short. So you need to ask yourself: am I focusing on the things that are important? Or am I waiting for the big lottery win before I change my focus and priorities?

Michelle Grice writes a weekly column for business women in The Western Weekender