Today’s episode features Terrie Chantel from TerrieChantel.com.
Terrie is a successful speaker and business coach.
She teaches teach business owners how to monetize their skills, uplevel their personal brand, create profitable offers, and convert followers into buyers.
Being an entrepreneur wasn’t always comfortable for Terrie.
Check out how that changed for her and how she’s helping others do the same.
Listen, learn, and let us know what you think about this awesome episode!
Episode Summary
Terrie’s Background
Terrie graduated high school at age 16 and college at age 20Both of her parents were “workaholics”This made Terrie believe that “amount of work = financial benefit”At 17, her uncle wanted her to co-sign on a car to build her creditThat gesture changed her lifeAt age 22 she went on to buy a house and really understood moneyPassing Down Money Lessons
Terrie has three boys, ages 10, 15, 17Her #1 tool she uses is to “paint a millionaire vision in their mind”This is the act of making wealth achievable in their mindShe also gets them to use her debit card to pay bills onlineJust getting them involved in finances and eliminating the tabooNow her 17-year-old is already an entrepreneurBondage vs Freedom
Her uncle was like her dad and went towards the plan he set outShe graduates college and goes directly into corporateTerrie stayed there for 10 years5 years into that career, she started moving into managementThe pressure was increasing, work was coming home, and the money didn’t seem worth itThat’s not what she envisionedIt felt more like bondage than freedomSeeing a New Way
She didn’t have other peers she could turn to who felt this wayTerrie was always the girl, the youngest, and often the only black person Being surrounded by all these 6-figure earners, Terrie saw how high earners spent moneyBut everyone worked themselves to death and just watched their vacation pile upSimply put, Terrie had no idea there was another optionSo Terrie started her own side-hustleThrough this, she begins to meet other entrepreneursThen she did realize there was another wayCan’t Let Go of Stability
Terrie gets laid off around the holidays and gets pregnant with her second childSo she really starts taking her side hustle seriousIn her first month, she had 100 clients through a lot of hustleShe would even set quotas for handing out business cardsBut even with all that success, she still went back to corporate workIt just felt too secureTerrie did keep the business going by hiring and training someoneShe admits not everyone is driven to be an entrepreneurBut if you have that passion, you have to follow itTips for Starting that New Business
She says some people jump to marketing too fastTo help others you need to be financially stable yourselfShe focused mainly on customer service and building a solid productOnce those frameworks are set, then you can focus on other things like marketingIf you can’t consistently hit the number you need for bills, that’s a bad signThis means it’s time to take a pause and look at your processesShe likes to look at it in three-month chunksTerrie says you should be seeing a consistent profitability to know your frameworks are setValuing Yourself
Then we talk about valuing yourselfThis includes charging a premium for your servicesStop focusing on yourself and think about the clientThink about how you’re going to change their lifeThen you’ll see just how much you’re really worthKey Takeaways
Security is addicting: Terrie had trouble walking away from her normal W-2 job. It’s a valid feeling!Don’t Jump To Marketing: Solidify your product offering and take care of your clients, let marketing come later.Call to Action
Get creative with that work ethic. Terrie showed how far she was willing to go to get her business off the ground. That type of effort makes a difference as an entrepreneur or at your W-2.
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Terrie’s Information
Website: TerrieChantel.comInstagram: @TerrieChantelLearn More About Your Hosts
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