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Episode 150. Bankrupt To A 6 Figure Business With Megan From BrowWow
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Today, we have a special guest, Megan, the proud founder and owner of Brow Wow, a thriving salon that's been in business for some time now.
Megan's journey is one that many of you will resonate with. She's faced numerous challenges since her early years, but her determination and spirit have led her from bankruptcy to running a six-figure business.
Today’s episode is a treasure trove of inspiration and motivation, especially for those who are in the midst of their own entrepreneurial journey. So, tune in and get ready to be inspired because, as Megan's story proves, you might just be leaving cash on the table.
Key Takeaways
1) Despite whatever setbacks and hardships, you face, you must not give up and keep trying until there isn’t even a slight chance left.
2) You should find passion and purpose in your work. When faced with challenges, having a passion for your work becomes a powerful motivator. It gives you a reason to push through difficulties and overcome obstacles because you genuinely care about what you're doing.
3) Life is bound to throw curveballs, and persistence is the force that enables individuals to navigate through obstacles. Despite facing numerous obstacles, persistence ultimately leads to success. The determination and refusal to give up plays a pivotal role in overcoming adversity and achieving your goals.
Time Stamps:
1:47-5:59:
Megan, hailing from a low-income family, faced hardship when her single-parent mother, a hairdresser, fell ill when Mehan was just 11.
16:00 - 16:35:
Bankruptcy loomed, but she applied for and secured a grant from the Prince's Trust. With £750, she started a cosmetics business from her mom's kitchen, turning her life around.
17:11 - 19:25:
During her first year, she found herself in a predicament of undercharging, generating a modest turnover of only £2000.
26:56 - 30:07:
Having a mentor who understands the nuances is crucial. This expertise not only helps navigate challenges but also contributes to cost savings and enhances overall business proficiency.
30:12 - 33:09:
- Cultivate a strong belief in your ability to succeed.
- Set achievable milestones to track progress.
- Prioritize helping others over solely pursuing profit.
- Find passion in your work to sustain motivation.
- Focus on making a positive impact and contributing to meaningful change.
Quotes
“Running a business is like a treadmill you can’t get off.”
Interested in more such inspiring content to give your business a quick boost? Make sure to check out our podcasts for valuable advice to all entrepreneurs regardless of the niche you are working in. From beauty and salons to product-based businesses, there is something useful for all!
About the guest
brow wow – Independent specialist Brow & Beauty Bar (browwowbar.co.uk)
Sponsors
Sky Premium Life Products https://skypremiumlife.co.uk/
https://www.instagram.com/skypremiumlife/
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