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 François, 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 visionThe different financial methods she used, like cash stuffing, to reinvest into her business and employeesHow 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 in this episodeThe 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/  Click here to subscribe via RSS feed (non-iTunes feed): http://sidehustlepro.libsyn.com/rss Announcements Join our Facebook Community If you’re looking for a community of supportive side hustlers who are all working to take our businesses to the next level, join us here: http://sidehustlepro.co/facebook Guest Social Media Info Mignon’s Instagram: https://www.instagram.com/p/Cte6fHBIlzO/  The Cupcake Collection’s Instagram: https://www.instagram.com/thecupcakecollection/ Hosted on Acast. See acast.com/privacy for more information.