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The EntreLeadership Podcast

How I Turned $5 Into a $10M Business with Mignon Francois

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.74.1K Ratings

🗓️ 3 May 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary

Owning a business takes grit and perseverance. When Mignon Francois found herself on the verge of homelessness, she took $5 and bought some baking ingredients—and she turned that $5 into a multimillion-dollar business. In this episode, she unpacks her journey to entrepreneurship and how she invests in herself so she can become a better leader for her team. In the second half of this episode, Ramsey Network Host George Kamel sits down with Luke LeFevre, chief creative officer at Ramsey Solutions, to talk about how to get in a rhythm of reading to grow yourself as a leader. The EntreLeadership Podcast The Cupcake Collection’s website Ramsey Solutions' website Love Beyond Reason by John Ortberg The Total Money Makeover by Dave Ramsey Wild at Heart by John Eldredge The War of Art by Steven Pressfield The Voice of the Heart by Chip Dodd Every Good Endeavor by Timothy Keller Download the EntreLeadership Reading Guide EntreLeadership Partners Schedule a call with Tim, our producer. Want expert help with your business question? Call 844.944.1070 and leave a message, or send an email to [email protected]. You could be featured on a future podcast episode!

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, I know how easy it can be to get caught up in the busyness of business that

0:07.6

you end up not growing yourself and growing your team.

0:11.2

There's so much going on and you can get really distracted and look up and go, gosh,

0:14.8

we're the bottleneck on the growth of our business.

0:17.5

The problem is if we're not investing in ourselves, investing in our team, we get stuck

0:22.1

in the day to day.

0:23.1

We're working long hours and then eventually we're not seeing the growth that we're looking

0:27.9

for.

0:28.9

From the Ramsey Network, this is the Entry Leadership Podcast where we help business leaders

0:33.0

grow themselves, their teams and the profits.

0:35.8

I'm your host Daniel Tarty and we're going to shake things up a little bit today and

0:39.4

we're actually going to bring you two conversations on this topic of investing in yourself so that

0:44.1

you can invest in your team.

0:45.6

Now as you guys know, we're all about inspiration and application here and so to double down

0:50.6

on application, our second conversation is going to be with a Ramsey leader.

0:55.9

It's in the trenches with Dave Ramsey himself leading day to day.

0:59.6

We're going to talk about the first conversation and the principle that is here in the topic

1:03.5

of the podcast, but then we're going to talk about when the rubber hits the road as a

1:07.3

Ramsey leader, what's that actually look like?

1:10.5

Our thought here is that you're going to get some action items that are very practical

1:14.2

and you're going to be able to go back and execute in a whole new way.

1:18.1

To be your guide on that part of the conversation, Ramsey Network host George Campbell's jumping

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