EP42: Building a Business While Working Your 9-5 with Dr. Felicia Phillips | CEO Master Business Strategist

Welcome Thrivers! In this episode, Brittany sits down with serial entrepreneur Dr. Felicia Phillips, to talk about building your business while you’re working your 9-5. As founder of Mobile ICON and the Pink Preneur Network, Dr. Phillips has spent over 30 years empowering women entrepreneurs, especially women of color. 

In this episode, Dr. Phillips addresses how black women often start businesses out of necessity, not opportunity. Consequently, many plateau due to limited resources and relationships for strategic planning or guidance. Join in on the conversation as she advises her fellow aspiring entrepreneurs on what resources to look for, tips on how to avoid analysis paralysis, and how to assess your risk appetite as a business owner.

Ultimately, Dr. Phillips converses on the inextricable link between profit and purpose. Thriving means happily nurturing family despite professional demands, attaining spiritual alignment, practicing self-awareness, and inspiring others by simply entering rooms. Her wisdom not only equips entrepreneurs but also charges corporations to intentionally support minority-owned ventures.

KEY POINTS:

-Embrace a growth mindset for constant learning and self-awareness
-Hire experienced business coaches for practical insights
-Speak your vision into existence and believe in its realization
-Trust your instincts
-Keep your personal brand consistent online and offline
-Support diverse businesses through mentoring and tangible opportunities
-Explore acquiring businesses, especially from owners without successors

QUOTABLES:

"Get an advisor who has done what you were trying to do or has helped companies very successfully ascertain the success that you are looking to get. " -Dr. Felicia Phillips

"You need someone, an accountability partner because it is very different when you have to get up on your own when you have to make the money, because if you don't kill it, you do not eat, you don't." -Dr. Felicia Phillips

"Anything is possible if you just believe." -Dr. Felicia Phillips

"Follow your gut. I always say that when you get that feeling you get in your stomach, it is there for a reason." -Dr. Felicia Phillips

"You're going to fail certain things. But guess what? You'll know what not to do." -Dr. Felicia Phillips

"Waiting on confirmation is the idolization of clarity." -Brittany Cole

GUEST INFORMATION

Dr. Felicia Phillips

Linktree | Felicia Phillips

IG | @iamdrphillips

LinkedIn | drfeliciaphillips

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