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LA Successful Women Entrepreneurs Examiner

Be the CEO and CFO of your own business with The Wealth Spa

June 23, 11:16 AMLA Successful Women Entrepreneurs ExaminerSusan Pascal
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It’s not often we see the words “holistic” and “wealth” used in the same sentence, but holistic wealth is the theme Elizabeth Potts Weinstein promotes on her business coaching website, The Wealth Spa. “Being wealthy isn’t just about money,” Weinstein says. “We hear many stories about wealthy people who are miserable. What I like to teach people is to learn how to make money in such a way that they maintain balance in their lives. It’s about health; it’s about mindset; it’s about spirituality and fulfillment.”
 
An attorney and licensed financial planner, Weinstein left a “Big Law” law firm to start her own business in 2003. She began her home-based venture as a personal financial and estate planner but found clients were asking her questions pertaining to their small businesses. “At first I would help them out pro bono but then I realized that this kind of advising and coaching could turn into a business,” she says. Soon she began focusing her work on the micro small business owners (defined as businesses with 1 to 9 employees) and mompreneurs. “I teach people how to turn their fun hobby into a real business that makes money,” she states.
 
In 2008, she developed The Wealth Spa online, which she describes as a clearing house of articles, tools, products and tips to help the struggling business owner. Her site offers advice on finance, business law, marketing, management and mindset. 
A self-proclaimed tech wizard, she maintains her website as well as shoots and edits her own video tips, created as personal advice for her followers. “Since many of my clients live all over the country, I don't get to meet them in person. [The video spots] are a great way for me to connect with people,” notes Weinstein, who also offers a free subscription to her The Wealth Spa Magazine.
 
Weinstein authored the book “Grow Up! Strategies: The 7 Legal & Financial Strategies You Need to Up-Level Your Small Business ,“and created the DVD series “The Money Tree,” a system which teaches listeners how to attract more money to their business.  “What I teach in "The Money Tree" is there are two sides to every business. On one side, we create a positive mindset, which includes creative visualization and the law of attraction. Then there are the practical aspects like how to manage your cash flow and project your future earnings,” she says.
 
Weinstein, a mother of a young daughter that she home-schools, still offers one-on-one, as well as group coaching, available through her website. She also provides personal mompreneur advice on her own site, elizabethpottsweinstein.com. When asked how she managers her time, she replies:”What I learned about balancing time is that we can’t balance time. Especially when you’re the parent of a young child, you need to learn how to be flexible. I structure my work day around things I can do with my daughter around, like answering emails and writing, and things I can do when I have child care.”
 
Weinstein believes that all successful business owners must take control of their finances right off the bat. “On my site I offer the weekly Money Meeting which is a free download. Every week, set aside a predetermined time to sit down with your finances. Take a good, hard look at what’s going on with your business, whether it’s sales, employees or marketing. Be the CEO of your own business,” she states.


 
 

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