Mogul Chix® Chat Podcast

Beyonce is coming out with a new Haircare Line! And it's got people talking. It seems a lot of people, fans and non-fans are confused about this. The general consensus is she is not known for haircare. But it opens up a deeper conversation. Will consumers buy for name recognition or is your personal story behind the brand what attracts them? Well we're all not Beyonce so we don't have a built in audience that will buy whatever. We as businesswomen have to be strategic. It has to make sense to the buying public. People are more focused on authenticity and alignment these days when making purchasing decisions. So let's talk about it.

I made a post on social media the other day. I said “If you can’t take a 2 week vacation and be off the grid and the business can still run smoothly, you have a leverage problem. If you are not looking to build a company that is independent of you, this episode is not for you.  I have been stressing since forever the power of building a team. Most times I get favorable responses, but every now and then I get the peanut gallery who want to stay small justify all the reasons why they shouldn’t hire.  I’ll guess that right now if you’re listening to this episode you don’t have the luxury of stepping away for any amount of time. Whether a vacation or an emergency, stepping away now would severely handicap your business and earnings. Mostly because you have build a business that is heavily reliant on you, instead of building a company that can be autonomous. Is it fear? Is it the desire to NOT be responsible for other people? Is it that you want to be the center square in the business? Well whatever it is, if you have any goals of building a successful profitable company, you need a team. What that team looks like depends on you and the vision for the company. Today I’ll talk about operational leverage and building a solid team. I’ll share my own tips and when I got to the point that leveraging a team was priority one.

Whether you're a starter or a veteran entrepreneur, we all experience bouts of imposter syndrome. But more often than not, it's a result of someone else's words, not what we tell ourselves. As women we have to recondition our minds to not let other people's perceptions, labels or words hold our minds hostage. Stand proud and firm in your value and know what you bring to the table.

No one woman can be an island unto herself…or however the saying goes. Let me just say if you are not looking to build a company that is independent of you, this episode is not for you.  It’s OK to be the little fish and play small, for a little while. But if you’re listening to this, I get the feeling you’re ready to play bigger. When you’re looking to build generational wealth, a company that can be handed down through generations, you have to build with the intention to scale. And for you that means, as the Founder, diminishing your day to day role so that you can leverage the expertise of your team. I know, it can be tough to spend so much time and energy on building the business, endearing yourself to clients, servicing all the clients, and doing every job within the business simply because it’s YOURS. But guess what. Doing that leads you to burn out and severely handicaps your earning potential. What do you want? Do you want to build a thriving company that produces jobs as well as solves your clients’ pain points? Or do you want to be the star of the show? You can’t do both, nor should you want to. Let’s look that the long game here. Building a company that can stand strongly independent of you takes time, understanding and releasing the ego. Today I want to focus on building a scalable company without crumbling beneath the weight of it all. I’ll share my own tips and when I finally got a firm understanding of what it all means.

You know the old saying. “Everything ain’t for everybody”. Well that’s true. Now a lot of people may not want to hear that, but it’s the facts. As you grow your company and become more mature as a CEO, you start to realize that you cannot serve everyone. And by the same token everyone isn’t meant to come along with you on your journey. So it’s not just about the business and clients.  So many of us try to bring everyone along on an idea or a journey and we don’t even realize they’re not meant to come. Well that’s the nice way of putting this. In reality, sometimes you just have to laser focus in on a select niche in order to achieve your goals. Again everything ain’t meant for everybody and you have to be OK with that. Today I want to focus on giving yourself permission to eliminate clients who are not aligned with you. I’ll share my own tips and how I became a master at this by necessity.

In a world full of carefully curated, PR driven fake social media driven images, be authentically you. There is so much pressure on these internet streets to look and play the part. I'm here to tell you that being authentically YOU is enough. People are shifting from the glitz and glam of the dream life and outcomes in favor of real talk from people they'll be trusting to deliver results to them. All of the high glamor photo sessions, pictures of yachts and mansions and talk about making 6 or 7 figure mean NOTHING if you don't have the goods to back it up.So give you customers what they really want. Straight talk with no BS or chaser. In this episode I talk about building your personal and business brand based on walking in your truth.

In life and business you have to be discerning about who you let in your orbit. You’re taught from an early age who and who not to trust. For some people, as you get into business, it’s easy to want to befriend everyone. But you quickly learn based on how high you fly who’s there for you, who’s not, and who’s just there for access. You have to be discerning with your circle. And a lot of times, some of you are letting this social media celebrity fame go to your heads when you’re really just being followed by a lot of folks who constantly judge, make up groups and rooms to talk about you, and those who just want to steal your blueprint. Everyone rises when the tides are high. But eventually we’ll see who’s swimming naked when the tide comes in. Today I want this episode to have two purposes. 1) getting you crystal clear on who deserves to be in your circle, and 2) getting good at weeding out the hangers on and leeches. But first ask yourself two questions: 1)     Were it not for social media, would these people still roll with me?2)     Am I giving away too much information that can cause jealousy and copycats? 

How many times have you put out some great news or something exciting on social media, only to have some negative people start dogging your post? The world is full of negative people. But you can't let those people stop your flow. There will always be naysayers and detractors who just always want to have something to say. But unless and until they know you, have all the facts, and can come with something insightful and helpful, you can't let them stop your flow. Work on building your inner confidence and game so they won't have an affect on you. Step into and own your greatness. Don't let those folks steal your shine.

How many times have you had a client come to you asking to make long term payment arrangements because they feel your price is too high? You end up giving them terms of 12-18 months on something that takes you about 3-6 months to deliver. I used to do that. While most people pay diligently, some people ghost you after a few months! That's when I decided I'm not in the finance business and turned that piece over to a finance company. When you sell something thats $5k or more, many times people are going to ask for a payment plan. In some cases, I firmly believe in the phrase "price is firm, terms are negotiable". But within reason. Some people take advantage of that and you find yourself with crappy cash flow...all because you're trying to be nice. STOP IT. This is not a non-profit and you're not in business of charity. Today I'm talking about the benefits of financing companies. Stop chasing your money!

Being a CEO is a privilege as much as it is a responsibility. People often conflate "business owner" with "CEO. Too many folks out there assigning the title of CEO when you aren't ready to be an effective CEO. Just because you own or lead a business doesn't make you a CEO. I'm here to help you transition into a full CEO. And when you do, there's a lot that goes into it, including building the right relationships, getting the mental and mindset help you need, and learning how to step back to allow full growth through delegation. If you're not ready for all of that, you're not ready to be a CEO. Do you have what it takes to be a CEO? Well, let's find out.

Building wealth isn't just about having money. There are stages you must go through in order to reach true wealth. But before you can get to true wealth, you have to define what true wealth looks like for you. What is the end goal? What are you willing to do to get there? What sacrifices are you going to have to make? What education, skills or training do you need? How will you know when you get there?Building wealth takes you through a process that include four stages. They may not all be fun and some stages may even take longer than others.  But you have to go through these stages to reach that end goal of true wealth.But what is the definition of "true wealth" any way? Well in today's episode I break down the four stages and define true wealth for you.

When you're a successful entrepreneur, you're on top of the world. But often times, there's an ego thing that comes with it that can affect your relationship if it wasn't already solid. Many times women are taught they don't need a man/partner to be successful. And a lot of times some of you take it to the extreme. That being the boss filters into the relationship and turmoil can erupt. You CAN be submissive in a relationship (without being subservient) and still build a badass business. But you have to unlearn some things before that can happen. Today I talk about navigating relationships and entrepreneurship. I ask that you be open and receptive to change. 

Things change. People change. Situations change. As a business owner, you should never remain stagnant. Growth is integral to success. And if you're afraid of growing, especially if you're worried about what others think, you'll remain mediocre and stagnant. Nobody wants that. I think it’s fitting to close out the old year by giving you a much needed heart-felt message. I usually ask you to ask yourself two questions as a moment of reflection. But today, I’ll skip it and get straight to the point. 

How are you finding your best talent?Often times business owners will settle for what they can get instead of going for top talent. There are a few reasons for that. In today's episode I'll be talking about 3 main issues actually KEEPING you from finding your top talent. It really doesn't have to be that hard, if you just get out of your own way. Need help? I have a class coming up next month or you can work with us directly to help you hire right. Contact me for more information and let's make sure you're making smart hiring decisions.

Growing a company is not a cake walk. Sure, there are some people who make it look easy, and at some levels it is. But as you start making bigger goals and envisioning more success, things get tougher, decisions get more complicated, and you have to evolve at each level in business. Not necessarily in a bad way though. Well you shouldn’t let that scare you. In fact, I want you to embrace it all fully. No business should remain stagnant. Some may see the word “stagnant” and say "well it's comfort. I stick with what works". That's perfectly fine if that is your intention. But if you're looking to build a massive brand and empire, it's going to take more than coasting.  Today I want to talk about Risk and Challenge. This episode should give you the push you need to push yourself to new levels in business. But first, ask yourself 2 questions: 1)    What risks are you willing to take to build your empire?2)    And are you letting what I call “background noise” keep you from greatness?