Episode #92: Laura Wellington | How Startup Business Owners Can Avoid Common Pitfalls

Episode #92 Laura Wellington Reveals How Startup Business Owners Can Avoid Common Pitfalls

In this episode of Enlightened Entrepreneur, Laura Wellington, the highly successful CEO and founder of Thread M.B., shares her experiences with Yeukai along with the important lessons she learned about life and businesses. Find out what Laura had to face and how she was able to realize first-hand where success and fulfillment both arise.

Key Questions Asked:

• How did Laura start with her business?
• How did Laura move on from being dependent to moving forward company forward on her own two feet?
• What advice would Laura give to start up business owners who might be experiencing a major roadblock?
• What skills did Laura have to develop to turn things around and take over three companies?
• During a tight time with her husband, what role did mentors play for Laura as an entrepreneur and as a business person?
• What major roadblocks did Laura face that any business owner can potentially face as well?
• How does she identify good people to include in her business?
• Is there any difference to starting a business right now compared to when Laura first got into the industry?
• At what point did Laura have her initial breakthrough in her start-up company?

Highlights of Questions Asked:

Lessons from Experience

• Laura learned the importance of delegating tasks, having faith in herself and becoming very comfortable with being in her own skin and doing things the way she needed to do it.
• Two things that a new business owner must master is first, getting through the learning curve quick enough, especially with technology, and trying to cope with people who are very eager to put you out of business.
• Entrepreneurs must not be afraid and instead be aggressive in asking for what you want, take the initiative and ask.

 Advice for Entrepreneurs

• Do not go into any business ever until you’ve analysed the landscape and have found a demand for what you are trying to sell.
• Negativity is never going to help you, the best thing you could do is to remain positive.
• Where you can outsource, do, and concentrate your efforts on what other people can’t do that you can bring to the table.
• Every challenge that you face will help you somewhere down the line so you have to dig your way out, and you have to be able to realize that every challenge is an opportunity to succeed.
• It is important to look for passion in people that you hire and if they are passionate about what you do.