How Katherine Pomerantz Went From Freelance Actress To Successful Business Owner And Financial Expert In Less Than 12 Months With No Previous Experience
Katherine had always been what you would call a free spirit. She grew up near Denver Colorado and enjoyed all the outdoor activities you can imagine doing in that area of the country and after college she decided to travel the world for 15 months before settling down in Norman, Oklahoma with her husband.
She found herself settling in well in Oklahoma right after getting married however she could not find work as an artist. Getting married changed her perspective and she had two defining events happen in her life that got her to the point where she’s at now.
She started working many different jobs and was working 60 to 80 hour weeks at one point, just to make ends meet. One day at one of her jobs as a line cook she had the realization that it would be IMPOSSIBLE to buy a house on her salary plus she just couldn’t work any more hours and she became fully aware that she was in fact struggling with money.
She ended up leaving that job and took on a summer job at a theatre festival. She needed a break, something fun to do to take her mind off things. And that’s when the breakthrough came, as she was taking her break at work she was sitting down on the tile floor just EXHAUSTED & started looking at her phone and she came across an ad on launching your her bookkeeping business, the light bulb went on and the rest is history, as they say.
Now her accounting firm called The Bookkeeping Artist has hundreds of clients around the globe and her content reaches thousands. Her financial expertise has been featured in Buzzfeed, Penny Hoarder and The Stacking Benjamins podcast.
Some advice on starting your own business from Katherine
There’s a big difference between education and implementation. At some point you just have to try it and take action. Just say YES and give it a shot.
Build out a business/life plan: get clear on what your plan is! Keep the numbers out & make it about people! What does your future look like? What is your mission? What are your values ? Why are you in business? Why are you in that career or job? Who are you helping? What do you want to be known for?
Take your time and write all this out, it will not be enough to do this in your head. And learn to push through money blocks as a business owner.
One of the secrets to her success was overcoming her money blocks. As a business owner you can’t afford a money block taking you out of the business. It may take you years to get over a money block however you have to keep moving despite those blocks. Recognize when you have one, don’t let it stop you, deal with it, work on it and just bring it along with you, push through it to keep your business coming along.
The one thing you can do right now to get you on the right financial path
If you’re struggling financially, if you’re having problems with your money mindset or have any money blocks this is what you do.
You create a money story and become the Hero in it. This is what the richest and best investors and business people in the world do when looking at their money. They create a new relationship between them and their money.
Look at your financial reports (personal budget or bank statement), take all of the information on there and tell a story about it. If you like the story then get on board with the story. Make sure you put money in a good light in your story. Money will either be the hero or the villain (money blocks) in your story.
Do you struggle with fear of failure or fear of success?
Katherine recommends you learn to recognize when you are avoiding to deal with your fears or procrastination, which can be a coping mechanism. In other words, recognize and be more self aware of when you are afraid & do it anyway.
She remembers back from her acting training that stage fright is a very real thing. Back when she was performing in a movie or on stage sometimes in front of thousands of people it’s not that she was not afraid because stage fright it’s NEVER not present, however all her mentors and trainers always told her that if she ever was about to go on stage and she didn’t have stage fright, to quit. This would have been proof that she didn’t care anymore.
This was the best piece of advice she ever received because she realized that she was okay with being afraid and could still act in spite of it, and you can too.
What is your biggest takeaway from this article? Has Katherine’s story inspired you, and how? We would love to hear from you in the comments below! 🙂