Episode 328: How a Mother of Four Built Two Successful Businesses from Scratch w/ Lauralyn Johnson

Moms everywhere leave their jobs to spend more time with their family, but many end up having a hard time making an income from home. How can you start your journey towards building a business? How much time do you spend reading and listening to business audiobooks? What are the best ways you can save money? How should you test your business ideas? In this episode, Lauralyn Johnson, mother of four, shares how she built two businesses.

I needed a product, because at a certain point I needed cash flow to keep the business running. -Lauralyn Johnson

3 Things We Learned From This Episode

1. Educate yourself ( 08:40-11-44)

Use any chance you get to listen to podcasts and audiobooks, and educate yourself on how to make the changes you desire. There are so many ways you can start a business that you probably don't even know about until you spend some time researching your options.

2. Be frugal ( 23:45-26-20)

One of the best ways to reduce risks is to be frugal. If possible, relocate to an inexpensive area and downsize. Also, make sure you have enough money to pay in cash for your investments, especially if you're already in debt.

3. Test your ideas ( 15:30 -16:30)

There are many business ideas that sound good on paper but don't bring any income. Find a way to test whether there's an audience for your products and services. Pitch your ideas to people who might be your ideal clients and see how they react.

Imperfect action is still action. All of us have that inner critic inside of us that makes us think twice before we make a move. But after you've done it long enough, the inner critic starts to quiet down. The best way to get rid of your insecurities and fears is to just do it, even if it's not going to be perfect, and even if you're genuinely afraid of the end result.

Guest Bio

Lauralyn Johnson is an entrepreneur, author, and mother of four. She left her well-paid corporate job in order to free up time for her children, and she ended up starting a business from home. Today, she helps busy moms plan their trips to Disney and make the most out of it while being on a budget. You can find her tips & tricks at https://www.smartmomsplandisney.com/