Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Elisa Bennaton on being an entrepreneur and opening a Wine & Coffee Bar


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Original Show Notes: Elisa Bennaton from The Ministry DC

 

Elisa Bennaton is a young entrepreneur that is planning on opening in my opinion, the best duo- a coffee and wine bar named The Ministry DC. Located near the Chain of Wealth studio in Washington, DC!

Welcome Elisa!

[0:44] Tell us something about yourself

  • Based in DC for 3 years
  • Originally from Honduras and Guatemala from way of London
  • Identified a fantastic opportunity for culinary and cultural product in DC

[1:43] Have you always felt like you were an entrepreneur? What made you decide to take the leap?

  • Timing was always a hindering factor
  • After doing a masters course in entrepreneurial management, that confirmed the passion.

[2:43] If you could go back and tell a younger version of yourself something, what would it be?

  • Budgeting is crucial
  • Work experience, do what you believe in don’t let your lack of experience hinder you.

[5:00] Where did the idea for a coffee/ wine bar come from?

  • Foodie at heart
  • Background in culinary arts and hospitality
  • Lots of similarities between the two

[7:21] What has been the biggest challenge in starting your own business? How have you overcome the hurdle?

  • Resources – finding the right information that will help you with regards to compliance & financing.
  • Keep moving forward and don’t dwell too much on something.

[8:40] Funding- how did you manage to pay for supplies needed?

  • Family & Few friends
  • Explore banks, especially community banks (but there’s always a catch)
  • Don’t under estimate startup expenses, there are always things you can’t anticipate

[11:14] What has been your greatest moment of success? Failure?

  • Obtaining recognition.
  • Social media followers.
  • It’s all about having the right team with you.

[12:12] What do you know today, that you wish you would have known when you first started as an entrepreneur?

  • Never underestimate when you are told to double the amount of time and money that you will need.
  • Somethings are completely out of your control

[13:13] What do you do to keep yourself charged up, even when you’re burned out feeling?

  • Wine J
  • Exercising
  • Music
  • Friends

Sponsors

[14:39] Chain of wealth – if you’re looking for an awesome gift for the holidays head over to chainofwealth.com/gifts

 

Value Link:

[14:57] Why do you think people fail at achieving their goals?

  • Goals are not clear, people don’t figure out how to achieve their goals

 [15:26] What books or other podcasts do you recommend to our listeners?

  • Book: Nelson Mandela: Long Walk to Freedom
  • Book: I Am Malala
  • Book: Jacqueline Kennedy Onassis

[16:24] What is the best advice someone ever gave you?

  • Make it happen

[16:34] What is your favorite word or quote?

  • Carpe Diem
  • Whoever saves a life saves the world

[17:00] How can we get hold of you?

[17:26] One last piece of advice for our listeners?

  • Do what you love, don’t listen to other people’s opinions

 



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