Episode 328: Priscilla Vang’s Journey from Refugee to U.S. Citizen to Multi-Venture Entrepreneur, Part II
Priscilla Vang is a multi-venture entrepreneur. Thirteen years of corporate accounting and tax preparation, plus two degrees in financial accounting and tax accountancy, prepared Priscilla to launch three connected ventures in 2016. An accounting and tax practice, a payroll processing business, and a staffing firm that educates and assists small business owners in running profitable businesses.
Before buying those businesses, Priscilla had a breakdown in 2013. We discuss the confluence of things that led to her breakdown, an ‘aha’ moment, and where she is today. Concerns about the next generations of her Hmong ethnic group are top of mind too.
Priscilla knows about raising the next generations. Her son and his wife are expecting their fourth child in July which makes Priscilla a grandmother four times over. In addition, she is connected to a huge family and 66,000 Hmong who live in Minnesota. The largest Hmong ethnic group in the United States.
We address Priscilla’s concerns—like lack of motivation and comparisons within families—with solutions and review a program by Professor Helen McGrath called the Bounce Back! Program. “Bounce Back!” is an acronym for some of the foundational principles of resilience.
B – Bad times don’t last, and things get better.
O - Other people can only help if you share with them.
U – Unhelpful thinking only makes you feel worse.
N – Nobody is perfect – not you, not your friends, not your family, not anybody!
C – Concentrate on the good things in life, no matter how small.
E – Everybody suffers; everybody feels pain and experiences setbacks; they are a normal part of life.
B – Blame fairly – negative events are often a combination of things you did, things others did, and plain bad luck.
A – Accept what you can’t change and try to change what you can.
C – Catastrophizing makes things worse — don’t fall prey to believing in the worst interpretation. (In the absence of facts, our minds make up stuff. Don’t assume things.)
K – Keep things in perspective. Even the worst moment is but one moment in life.
Vulnerability and Shame. One of the reasons we fear vulnerability is because of the feeling of shame. We don’t like feeling shame. Brené Brown, Ph.D. developed the constructive Shame Resilience Theory when she noticed that the fear of being vulnerable hindered meaningful connection with others. To arise out of shame, Dr. Brown discovered four elements of shame resilience:
* Recognizing shame and understanding our shame triggers (physical sensations like elevated heart rate or shaking).
* Practicing critical awareness of ourselves, our environment, and the way things work.
* Reaching out to others and sharing ourselves and our stories (building a social support network).
* Speaking shame keeps it from flying under the radar (Graham & Graham, 2015).
As we close, Priscilla explains two special offers for podcast listeners. Have her review your taxes for the prior three years or check your financials to prepare for our next tax season.
TWO SPECIAL OFFERS FOR YOU:
* Priscilla can re-examine the prior three-year taxes for only $225.00.
* Bookkeeping Review to get your financials in order intact before tax season for only $375.00. Priscilla will review your financials so you can avoid tax extensions.