As most entrepreneurs can attest, the journey to success is not linear. It's a path where failures sometimes teach greater lessons than wins, one where failing forward might just offer the key to prosperity. Motivo Scar Care founder and CEO Jadis Montijo learned first-hand how to be a better businessman from his mistakes in his first venture, The Kind Pen. Though he and his team saw much success at the company, overspending in his personal life and a failed acquisition experience taught Montijo the skills he needed to turn his dream project, Motivo Scar Care, a thriving business.

"There's no industry crossover between what I did and what I'm doing now. But a lot of the failures that I had at my time during Kind Pen molded me and shaped me into who I am and made me more prepared for Motivo," he explained to Living Not So Fabulously hosts David & John Auten-Schneider. "A lot of startups fail. Even just trying to raise capital as an LGBTQ founder, less than 1% of VC dollars go to LGBTQ founders, right? Yet we create more successful businesses."

Montijo's best advice for entrepreneurs facing the endless, uphill, and oftentimes not-fun battle—as Montijo explained frankly—of starting a small business: be yourself. "If I didn't take the time to step back and authentically go through my transition to become myself, Motivo wouldn't be a thing. Maybe it would be a thing that someone else created. But taking the time to be myself and learn myself—it really put me on my path."

Hosts and husbands of Living Not So Fabulously, David & John Auten-Schneider, dive into real money stories with activists, allies, artists, tech-gurus, and trailblazers in the LGBTQ+ community to give you tangible takeaways to tackle your wallet woes.

Find this episode's transcripts and more episodes of Living Not So Fabulously at http://finance.yahoo.com/videos/series/living-fabulously/.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

00:00-Jadis Montijo joins Living Not So Fabulously

03:08-Failed business acquisition led to some hard learned lessons

05:54-Don't mix personal and professional...finances

08:32-Making space for business growth

13:13-Motivo Scar Care elevator pitch

19:03-Small business tips to prepare

Yahoo Finance's Living Not So Fabulously is hosted by David & John Auten-Schneider, and created and produced by Rachael Lewis-Krisky.

Jadis Montijo is the founder & CEO of Motivo Scar Care, a company focused on "developing premium scar care products, to not only improve the appearance of scars, but to help rewrite the standards of healing."

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