433: How The Cupcake Collection Founder Mignon François Turned $5 Into Five Million Cupcakes Sold

This week I sat down for a very inspiring chat with Mignon Françios, the #1 national best-selling author of Made from Scratch: Finding Success Without a Recipe, and founder of a multi-million dollar cupcake empire, The Cupcake Collection.

In this episode she shares:
– Why having a great product and determination got her community to support her vision
– The different financial methods she used, like cash stuffing, to reinvest into her business and employees
– How she leveraged $5 and turned it into a legacy with over five million cupcakes sold
– And much more, you don’t want to miss the gems she’s dropping!

Highlights include:
00:00 Intro
04:30 Learning to bake from grandma
10:53 The struggle to make ends meet
15:09 Turning $5 into $600
20:27 Humble beginnings
32:50 Low margins, high profit from day one
37:30 Benefits of profit sharing with employees
42:00 Scaling to $10,000 days
48:20 Tips for entrepreneurs

Check out this episode of Side Hustle Pro podcast out now on Apple Podcasts, Spotify, and YouTube

Links Mentioned:
The Cupcake Collection: https://www.thecupcakecollection.com/
Made From Scratch Book: https://www.amazon.com/Made-Scratch-Finding-Success-Without/dp/B0BV7G8F7C
Mignon’s Instagram: https://www.instagram.com/p/Cte6fHBIlzO/
The Cupcake Collection’s Instagram: https://www.instagram.com/thecupcakecollection/

Listen on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/side-hustle-pro/id1126021323
Spotify: https://open.spotify.com/show/13qDj08lBR4ymzGhXIKy8t?si=8daf52a57e054042
YouTube: https://www.youtube.com/sidehustlepro
Click here to subscribe via RSS feed (non-iTunes feed): http://sidehustlepro.libsyn.com/rss

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