Ursula Garrett CPA - "It takes time to be an overnight success" S18 E24

Margo Lovett - Her Business Her Voice Her Conversation

Mar 16 2021 • 30 mins

It takes making “bad decisions” sometimes to become an empire builder. CPA, MBA, author Ursula Garrett is an empire builder. During this conversation, she reveals growing up poor in the south, being a teen mom, choosing marriage instead of the college scholarship she earned. Ursula joined the military (traded her pumps for combat boots) with becoming an entrepreneur in the seat of her heart! https://www.linkedin.com/in/ursula-garrett/

Blooper alert! The internet dropped Margo’s connection, but the expert carries the show like a pro!

Takeaways

Empire building as you work a job

Ursula took local college courses preparing. As an employee, she stayed for 2 ½ intentional years, long enough to get her CPA license, intentionally work her job, and have a plan.

Two kinds of employees discussed.

1- The person that stays on a job long enough to retire (50’s, the ’60s) the kids are taken care of and out, now it’s time to become an entrepreneur.

2 - The other doesn’t want to work for anyone, but when they do, they expect to make a lot of money with minimal skillset – this person moves from job to job, get rich scheme to another – this employee worries Ursula. They need grounding before becoming an entrepreneur.

While you are an employee, save money! When you get a raise, keep & invest. Wealth and businesses are built systematically.

Plateau to Summit (author Ursula Garrett)

Our guide on how to start a business correctly covers how to operate a business, budget, get along with people. Building begins with a plan (written preferably). The business plan will keep you focused; help you build your core – the seat of your money. Always focus on your core, your mission, purpose, and this is how I am going to get there. Stick with the plan! Have a continuity plan!

Your financials tell the bones of your business and offer ways to fix your business.

It takes time to be an overnight success. It takes planning. Put your total effort into your plan.

Must have systems in place when you cannot do business as usual.

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