433: How The Cupcake Collection Founder Mignon François Turned $5 Into Five Million Cupcakes Sold
Side Hustle Pro
Nicaila Matthews Okome | Side Hustle Pro Media
4.7 • 1.8K Ratings
🗓️ 9 October 2024
⏱️ 62 minutes
🧾️ Download transcript
Summary
This week I sat down for a very inspiring chat with Mignon François, the #1 national best-selling author of Made from Scratch: Finding Success Without a Recipe, and founder of a multi-million dollar cupcake empire, The Cupcake Collection.
In this episode she shares:
- Why having a great product and determination got her community to support her vision
- The different financial methods she used, like cash stuffing, to reinvest into her business and employees
- How she leveraged $5 and turned it into a legacy with over five million cupcakes sold
- And much more, you don’t want to miss the gems she’s dropping!
Highlights include:
00:00 Intro
04:30 Learning to bake from grandma
10:53 The struggle to make ends meet
15:09 Turning $5 into $600
20:27 Humble beginnings
32:50 Low margins, high profit from day one
37:30 Benefits of profit sharing with employees
42:00 Scaling to $10,000 days
48:20 Tips for entrepreneurs
Check out this episode of Side Hustle Pro podcast out now on Apple Podcasts, Spotify, and YouTube
Links mentioned in this episode
- The Cupcake Collection: https://www.thecupcakecollection.com/
- Made From Scratch Book: https://www.amazon.com/Made-Scratch-Finding-Success-Without/dp/B0BV7G8F7C
- Mignon’s Instagram: https://www.instagram.com/p/Cte6fHBIlzO/
- The Cupcake Collection’s Instagram: https://www.instagram.com/thecupcakecollection/
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Guest Social Media Info
Mignon’s Instagram: https://www.instagram.com/p/Cte6fHBIlzO/
The Cupcake Collection’s Instagram: https://www.instagram.com/thecupcakecollection/
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Transcript
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... |
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