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

Side Hustle Pro

Nicaila Matthews Okome | Side Hustle Pro Media

Nicailamatthewsokome, Blackwomenentrepreneurs, Sidehustle, Blackpodcast, Sidehustlepro, Marketing, Sidehustles, Business, Smallbusinesspodcast, Sidehustleshow, Blackownedbusiness, Blackwomenownedbusiness, Blackwomen, Blackentrepreneurs, Smallbusinessshow, Businesspodcast, Entrepreneurship, Smallbusinessowners

4.8 • 1.8K Ratings

🗓️ 9 October 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 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 in this episode

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/

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Guest Social Media Info

Mignon’s Instagram: https://www.instagram.com/p/Cte6fHBIlzO/

The Cupcake Collection’s Instagram: https://www.instagram.com/thecupcakecollection/

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Transcript

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0:00.0	At three business, we understand the importance of making savings.
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0:28.0	Annual price rises apply.
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0:48.0	Soon it'll feel more like free-wheeling downhill.
0:50.0	Woo-hoo!
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1:00.0	Hey I'm J. Humphrey host of High Performance
1:02.0	and I'm excited to tell you about a brand new series we've created in collaboration with Lloyd's Bank from startup to stand out.
1:10.0	Lloyd's Bank know there are plenty of British business success stories out there,
1:13.6	and that's why over the last few months we've been working together to make a brand new
1:17.3	mini series entitled From Start Up to Stand Out, a four episode series that sees me and the team visit a different business
	...

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