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Before You Quit Your Day Job, Check Out This Advice From Six-Figure Entrepreneur Pauleanna Reid
"Pauleanna, you don't just drop gems. You throw them at people's heads."
This statement from Tanisha, (an xoTribe member and one of Pauleanna's mentees) clearly explains the awe-inspiring experience that was had during the recent xoTribe Mentor Monday fireside chat with Pauleanna Reid.
On August 18, with more than 100 women in attendance, Pauleanna Reid engaged in, what felt like to me, an intimate, one-on-one conversation. Not only was it transparent and authentic, but there were also real-life actionable items and takeaways shared. Personally, my confidence and courage increased significantly as a result of the experience with college dropout turned six-figure entrepreneur, Pauleanna Reid.
As a Senior Contributor at Forbes, Pauleanna captivates readers by interviewing and sharing stories about phenomenal and successful entrepreneurs. Additionally, she lends her abilities as a ghostwriter to help celebrities and CEOs bring their books to life…and all while mentoring hundreds of career-driven women through her mentor program, New Girl On The Block.
Pauleanna may have dropped out of college, but she definitely dropped major gems about navigating life as an entrepreneur:
1.Before you transition as a full-time entrepreneur, make sure you have a plan.
You don't want to start a business out of desperation versus passion. For Pauleanna, it was imperative that she paid down debt and saw a proven track record of sales for at least a year before she fully transitioned. Once her side hustle revenue surpassed her corporate salary, it was one of the first signs that helped her realize it was time. Soon after, she "hired smart and hired fast" (e.g., executive assistant, videographer, graphic designer, and writers), having learned that it's the "responsibility of the CEO to grow the business, but the responsibility of the team to maintain it."
2.Practice getting comfortable with being uncomfortable.
Pauleanna constantly practices this each day by trying something new that scares her. Not to mention, she repeatedly reminds herself, just as she reminded us, that "we come from a lineage of excellence." By remembering and practicing this, it helps build confidence and courage so you can push through fear and self-doubt, as well as help conquer imposter syndrome.
3.Be strategic about networking.
Instead of going to multiple events, Pauleanna is very strategic about the types of, as well as the number of, events that she attends. She prefers more one-on-one connections, and each month, she sets a goal for the number of strangers she wants to meet. Making the best use of your time means being more strategic about how you use it, as well as how you allow others to use your time.
4.Craft and practice your elevator pitch.
Even though you may have more than one elevator pitch depending on your audience or the ask, your elevator pitch should communicate: who you are, what you do, who you help, and the benefit of working with you. Most importantly, it should provide some insight as to what you and your business will do to help them.
5.Don’t be intimidated by or get caught up in titles.
This applies whether it's your title or the title of the person that you're pitching to. In other words, don't be afraid to shoot your shot. Even if there isn't opportunity for you and that person to work together, they may know of someone else in their network.
Also, as Pauleanna put it, "there's a difference between your title and your purpose." Understand that your purpose isn't always tied to a paycheck. Hence, you may have to do things outside of your work or business to help live out your purpose.
6.“Everyone else is concerned with leveling up, but I’m dedicated to maintaining excellence where I am.”
As Pauleanna stated "a lot of people are good at 8 different things and phenomenal at nothing," but it's better to learn how to master and give 100% to one thing at a time. As she explained, "pursue the path that has the least resistance by doing what comes the most natural and easiest to you." Don't be that person who "does a little bit of everything, but really does nothing at all.
7.Keep telling your story because “every single day you’re going to have new attention.”
Regardless of the number of followers or customers you may have today, think of the hundreds, thousands, and millions who have yet to hear your story. "There's always something new to reveal," Pauleanna mentioned, "And you can always penetrate the same story from different angles." Whether you know it or not, someone is waiting and needs to hear your story. Ultimately, it comes down to being transparent and connecting the dots of your life to the lives of those you speak to.
8.Remember your why.
When fear and self-doubt start to creep in, ask yourself: why am I here, what am I fighting for, and why am I doing this? Pauleanna actually reads her goals aloud each and every morning as a way to help set the tone and energy for that day.
9. “Crawling is OK,” but comparison is not.
If you're not careful, social media can easily trick you into thinking that success happens instantly or overnight. However, the reality is that everyone has to start somewhere, and you can't always see the story behind the success. I love when Pauleanna said, "The only way I know how to climb out of a hole is gradually. If you can't run, then walk, if you can't walk, then crawl." You have to be patient with yourself and believe that "what's for you, won't miss you."
To watch the playback of this Mentor Monday's session and other exclusive workshops, join our xoTribe membership community today!
Featured image courtesy of Pauleanna Reid
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Shonda Brown White is a bestselling author, blogger, life coach, and brand strategist. When she's not jumping out of a plane or zip lining, she's living the married life with her husband in Atlanta, GA. Connect with her on social @ShondaBWhite and her empowering real talk on her blog.
This article is sponsored by Hulu.
UnPrisonedhas returned for its highly anticipated second season, delving deeper into the complex dynamics of the Alexander family.
The series premiere comes a year after its debut season garnered rave reviews from fans and critics and earned record-breaking ratings for Hulu's Onyx Collective brand. UnPrisoned's success can be attributed to its raw, relatable themes and comedic appeal.
Inspired by creator Tracy McMillan's life, the show follows Paige (Kerry Washington), a therapist and single mother whose life takes an unexpected turn when her father, Edwin (Delroy Lindo) --who was released from prison-- moves in with her and her teenage son, Finn (Faly Rakotohavana).
Throughout UnPrisoned's first season, viewers witnessed how Edwin's incarceration deeply affected Paige's life and relationships. In the series, Paige unpacks her trauma through interactions with her inner child and her online followers. Meanwhile, Edwin is overcoming specific struggles with his own past that led to his life of crime, including a dysfunctional upbringing and his mother's arrest. As the Alexanders attempt to reconcile, new challenges arise.
This new season promises to further explore their unconventional family dynamic. Here are several compelling reasons why season two of UnPrisoned should be on everyone's watchlist.
The Alexander Family Life Is Still In Shambles
UnPrisoned's second season resumes where the series left off, with Paige grappling with the fallout from her troubled therapy practice and Edwin navigating life independently after moving out. Meanwhile, Finn faces his own challenges. The teenager is battling anxiety and seeking information about his father—a topic Paige avoids discussing.
The Alexander Family Are Attending Therapy To Resolve Their Underlying Issues
Amid the chaos in their lives, the Alexander family decides to mend their bond by confronting their past traumas. They seek professional help and attend therapy sessions with a “family radical healing coach,” played by John Stamos, a new cast member. This collective effort aims to unravel the complexities of their shared history and strengthen their relationships.
The process of unraveling each character's internal conflicts and their potential impact on future relationships may clash with Paige's textbook therapy approach. While Paige is used to being in the therapist's seat in both career and family, this forces her into the unfamiliar role of a patient during therapy sessions. This shift would compel her to look in the mirror and try a radically different approach.
The Alexander Family Learned A Big Lesson During A Therapy Session
In therapy, the Alexanders are tasked with addressing their individual traumas to salvage their remaining relationships. One of the family therapist’s eccentric suggestions was an exercise involving a family wrestling match. During this session, Paige faces tough questions about her refusal to share information about Finn's father.
While it's unclear whether this scene is reality or fantasy, the image of the family duking it out in the ring certainly makes for hilarious yet compelling television.
Paige Tries Dating Again Following Failed Relationships
Amid her life's chaos, Paige decides to step back into the dating field. However, her many attempts have left her with mixed results. The dating apps have turned out to be a fail, and an outing with her ex Mal (Marque Richardson), who is also her father's parole officer, doesn’t go quite as expected after he brings an unexpected guest – his new girlfriend.
The situation takes an awkward turn when Mal's new partner learns why the former couple split, partly due to Paige's self-sabotage.
UnPrisoned Is A Perfect Balance Of Comedy And Drama
As a dramedy, UnPrisoned takes a comedic approach to its heavy subjects. The show takes us on a ride with Paige's dating misadventures and navigating a friendship with her ex.
Other lighthearted moments include Edwin's attempts at CPR based on online videos and, of course, the antics of the Alexander family's unconventional new healing coach.
The second season of UnPrisoned is now available on Hulu.
UnPrisoned | Season 2 Trailer | Hulu
Feature image courtesy
Wealthy Restaurant Owner Shares The Money-Saving Hack She’s Used Since Childhood
“It doesn’t matter how big or small your finances are, the real gem is prioritizing what you have,” that’s the candor advice Ebony Austin, owner of Noveau Bar and Grill made sure she emphasized in our authentic convo. As a multi-hyphenated go-getter, she’s created more than 100 job opportunities and given away over $100 million to the community. When I inquired about her secret, she simply credits her skill to proper planning and a trusted team.
But the more the discussion progressed, the depth of that answer was revealed. Ebony opened up about how saving during the pandemic, a time when many businesses were forced to close their doors, aided her through difficult chapters. And after our authentic conversation, it made the importance of saving and business research crystal clear. Check out the convo below.
What was your journey like into money management? Have you always been good with your finances?
Yes, I learned it early. My grandparents had a construction company when I was growing up and my grandmother would teach me that with everything they worked for, she’d put 30% away. So no matter how many jobs I’ve had, once I tithed, I’d put up 30% away too. If I couldn’t pay my bills with that remainder, I’d get a second job. As crazy as it sounds, I’ve always been amazing at that.
So you’re definitely more of a saver then a spender, right?
Well, yes, but I do have a shopping addiction. But I save a lot. I’ve gone months and months without buying anything, then I’ll just go buy something big or small. But I’ve always known I still need backup plans. The beauty of having it is that you’re never trying to scramble. Even with my first property, I didn’t have any problems because my money was seasoned. I’ve always been consistent and knew a certain amount of money was going in the bank every paycheck.
Photo by Rari Filmz
Okay, so I can’t ignore the “shopping addiction” comment. Tell me about your splurge
So Louis Vuitton and Chanel are my favorites. Then I’m really big on supporting Black-owned businesses. I put that in my budget every month – sometimes a few times a month.
That’s a good one! What advice do you have for people trying to tighten up their budget?
Prioritize. When the pandemic happened, it gave us all a new outlook on life and what’s important. For example, going out to eat with my friends and family is essential. So I take time out monthly and figure out my expenses. For example, a lot of my friends are Tauruses, so that month, I need to plan extra birthday dinners. It only takes me like an hour, but it makes such a difference. People need to figure out what that looks like for them.
And what is your current final goal? Like, do you have a retirement plan?
Yes, once I get Noveau to 100 million! My biggest goal is for my team members to buy homes and establish themselves. But my end goal would be 15-20 restaurants, with five being investment restaurants. Also, of course, I want properties. I understand the importance of owning land. I think those are the main things.
Okay, so what is the worst piece of business advice you’ve been given?
Someone told me that I don’t need finances to open up a business. People say if you have a 590 credit score you can start it, but why would you do that? I mean you can do it with that score, but the interest looks way different. Build your credit first and avoid the extra costs. I used my own money to start a lot of businesses. Now when I look back I wouldn’t have even done it that way.
How would you have done it?
I would’ve used the bank's money. When you’re building your first location it can be really hard, but they do give them out. But you can’t just come in with a concept with no experience and ask for $100,000. No one will bet on that or believe in it. But if you have a concept, with a real plan and projections, start off with lines of credits. You can start small and build your business with $5,000.
Out of curiosity, what are your thoughts on investing and how do you do it?
I’ve invested in two restaurant concepts. Also, I have my own real estate investment company where we build, sell, and flip. I think investments are important to keep. Some of them require work. Personally, real estate is always key. To me it’s a safe option but they’re smart in general. That’s the only way you get to certain goals. Don’t let money sit in the bank – invest it.
Are there any unhealthy habits you had to unlearn in regards to investing or money management in general?
I had to learn to say no. A lot of times, everybody wants something. It’s hard to say no to people who are capable of doing things for themselves.
Heavy on the “who are capable of doing things for themselves.” What’s been your biggest struggle in building your business? Was there ever a moment you questioned it?
As an entrepreneur, we all have those moments where we’re ready to throw in the towel. But my biggest challenge was building a team and getting the word out there. But I also know God doesn’t make mistakes. At the time, the more I prayed and started to get to know the team, I came to the realization that I needed to let go of almost all of them. It wasn’t just about what was aligned with me and my purpose but also Nouveau.
Also, I had to separate myself and the business because I’m not going to care if they’re late three times in a row but the business will. Those were the most challenging things for me: saying no, building the right team, and separating the business and myself.
God heard every prayer though. Because now the team at Nouveau is amazing. They put all the pieces together. It’s all about praying and taking care of your people.
Finally, what does wealth look like to you?
Making sure my family is good and my mother doesn’t have to work again. Also, wealth is ensuring my team is reaching their goals. I teach my team how to save money, too. It makes no sense that I’m the only one that’s profitable. When I became a millionaire, my goal was to figure out who I’ll make the next millionaire. I want families to understand how we get here and how we stay here. Wealth is not a one-woman show.
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Feature image by Rari Filmz