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Help Wanted

The Hard Truth About Investing In Your Business, and Yourself

Help Wanted

Money News Network

Self-improvement, Education, Business

51.3K Ratings

🗓️ 27 June 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

So you want to (or have to) bootstrap your business. Nicole is self-funding the business that makes this very podcast, and she will tell you: it is not easy. To share best-practices around protecting your bottom line and mental health, Nicole and Jason are joined by Christina Stembel, who has self-funded her business Farmgirl Flowers. Learn more about Christina and her biz here: https://farmgirlflowers.com/about Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Help Launted, the show that tackles all the big work questions you cannot ask anyone else.

0:14.0

I'm Jason Feiffer, Editor-in-Chief of Entrepreneur Magazine, and I'm New York Time Specialing

0:17.9

author and money expert, Nicole Lapin.

0:20.5

The helpline is open!

0:24.2

Today on Help Launted, I wanted to lift the MNN veil even more than usual.

0:29.0

So I co-host this show, and also a solo daily show, Money Rehab.

0:34.1

And those shows and other awesome business and finance shows are part of a network that

0:39.5

I used my life savings to build.

0:42.3

Money news network is more than my baby, it is me.

0:47.0

When something bad happens with it, I feel bad, but like really, really bad.

0:52.4

It affects me more than I ever thought.

0:54.9

Now, don't get me wrong, I am so proud to have not taken on investors.

0:59.3

I am so so proud to have bootstrapped through a crappy time for advertising that I had to navigate

1:06.0

right out of the gate.

1:07.4

And I am extremely proud to be able to pay our lean mean badass team really well.

1:13.7

But it hits differently when all that money comes essentially out of one banking portal.

1:20.8

I choose every day between spending on personal stuff and spending on stuff for the business.

1:26.9

And I think you know which wins.

1:29.3

Make no mistake, we are doing really well as a company and I have personally been able

1:33.4

to build a rich, full life that younger Lapin would be so proud of.

1:38.6

But self-funding this company has not affected my net worth, but my self-worth in big ways.

1:46.0

I know though, I am not alone here.

...

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