• PURCHASE MY BOOK AT THESE RETAILERS:

#MentorMonday [Recap]: 3 Myths about Entrepreneurs Lauren Maillian Bias Slayed

Posted by: | 8 Comments
Pin It

This #MentorMonday was advertised as “…how to grow your small business revenue to over $1 million annually.”  And when it was all over someone in the chat room wondered why that question was neither asked nor answered.

I understand.  We all want “the answer,” but as #MentorMonday guests have proven and shared, there is never just one way to reach the top.

Lauren Maillian Bias did answer the question though; maybe not in her words, but in her work ethic and practices which she shared.  She explained how her natural inquisitiveness keeps her learning from the best, how she parents two children as a single mother, and what she does in business which makes her ventures thrive.

So without further ado, here are 3 Myths About Entrepreneurs That Lauren Maillian Bias Slayed On #MentorMonday.

#MentorMonday

1. Failing Is NOT an Option

Ask yourself: “Is it worth it, even if I fail?”

As entrepreneurs, we want to “balance” work and life.  We don’t want to drop any of the balls because you drop a ball at work we’ve doomed the business; drop a ball at home and, well, that’s just being a bad parent and no one wants that.

But when we as business owners are faced with new opportunities there is some chance that the venture will fail.  We all fear the failure.  Lauren knows she isn’t going to win every. single. time, but going in realizes that if she gains colleagues she can trust, mentors or even gravitas and experience to go on her resume, among other things, the venture was worth it.  Seeing every angle of a situation before walking into it means you can see the win before the end. And, how can you lose like that?

2. No Kids Beyond This Point…

This may not be fair, but it is hard to be an entrepreneur and a (single) parent.    If your children are too young for school, you may be with them all day, and depending on where your business is in its revenue cycle, you may not have the cash on hand to hire sitters.  So what’s an entrepreneur to do?  Lauren has integrated her children into her business life.  They get to go to the big people’s table and learn about business.

Lauren does have help, but her children also enjoy time with their mom.  And some of that time comes while Mom is making those millions.

Integration, not balance, is importantLearning how to make your business and personal life work together is what is important.  And if that means your children have to go to meetings, do it.

(Side note: Paul went to PowerMoves.NOLA this weekend with his family to emcee their pitch event.  Lauren supported and applauded him handling his business and his duties as Husband and Daddy while there).

3. Success Has Many Chapters, Too

We often hear about people losing it all and starting over, but Lauren – Ms. Maillian Bias if you’re nasty – has made her transitions while she was still on top.  It started when she realized she wasn’t being challenged as an award-winning winery founder. So she became founder and CEO to Luxury Marketing Branding and a founding partner at Gen Y Capital Partners and author of The Path Redefined: Getting to the Top on Your Own Terms. Whew. That’s a lot of (new) challenges!

Something can not be working for you even if it is wildly successful.  It takes a lot to recognize this, but resting on your laurels limits your potential and robs the world of the totality of your gifts.  Lauren wasn’t about to let that happen. So she turned that page in her life…and WON!

Lauren taught us many other things like these 5 musts for starting your business…

lauren 5 musts meme

She slayed myths about business, parenting and even about being the cute girl looking for love (yes, Paul tried to hook her up with an audience member! His job as matchmaker never ceases).  #MentorMonday didn’t disappoint, but don’t take our word for it.  Click below to watch the replay!

 

Lauren gave away three copies of her book, The Path Redefined: Getting to the Top on Your Own Terms.  The winners were picked by having their questions for Lauren upvoted by the Spreecast audience.  The winning questions were:

How did you go about promoting your business and building your clientele?~Winifred Paul

As a startup when your funding is limited how do you get your products in front of the right investors to grow the business and what should you already have in place before approaching VC’s? ~Pasha Cook

What are the 5 “Must To Do’s” when starting your own business? ~Kristeena

Lauren answered each of these questions in detail.  But you’ll have to watch the replay to see those answers!  There’s so much good stuff in this interview, which started trending on Spreecast as soon as it was over by the way, that you’ll want to watch it twice – with pen and paper handy so you can get all the goodness.

Check out the tweetables from this #MentorMonday session!

 

We’re heating up July with #MentorMonday FIRE. We’re so excited to have the #1 motivator in the WORLD, Eric Thomas, with us on July 21st at 9p ET. We’ll be discussing how to identify your passion and remain committed to it to become successful. I promise you don’t want to miss this! You won’t, if you RSVP, here!

#MentorMonday

Resources

LaurenMBias.com

Lauren on twitter

Lauren’s book

PowerMoves.NOLA applications

Cedella Marley sponsors

 

Posted on: Jul 9, 2014

You might also like...

8 comments
2bfullofgrace
2bfullofgrace

I wonder how many entrepreneurs are S-corps.  From my research, there does not seem to be tax advantages to LLC vs. Sole proprietor. Although, I know that Paul can't give me tax advice.  Which type does he "prefer?"


(tinagap@hotmail.com)

Billy Buchanon
Billy Buchanon

How does one go about asking another person to be a mentor? Should the mentor be in the same field of business you are? What criteria should someone use when interviewing someone to be their mentor? Any help would these questions would be greatly appreciated.