Money Talk With Tiff
ExplorePodcast overview and latest content
EpisodesBrowse the full episode archive
TopicsDiscover episodes by category
PostsBrowse published articles & write-ups
Preorder the book
Main Site

Podcast

  • Explore
  • Episodes
  • Topics
  • Posts

Topics

  • Personal Finance
  • Budgeting
  • Entrepreneurship
  • Financial Education
  • Financial Planning
  • Money Mindset
  • Financial Literacy
  • Debt Payoff

Recent Episodes

  • My Podcast Numbers Are Dropping — Here's the Real Reason
  • What I Learned From Breaking Down a Whole Chicken (And Why It Matters for Your Money)
  • Too Busy for Budgeting? 3 Money Habits That Survive Chaos
  • Your Stewardship Circle: 4 People Who Keep You Growing Financially
  • The Recovery Plan: What to Do When You Miss Your Money Goals

Links

  • Apple Podcasts
  • Spotify
  • YouTube
  • Overcast
  • Amazon Music
  • Preorder the book
  • Main Site

About

Money Talk With Tiff

Money Talk With Tiff

    Money Talk With Tiff
    Episode•September 6, 2024•17 min

    Nicole Stanley's Tips for Moms Starting Their Own Business | Ep. 334

    In this Money Talk With Tiff episode, Tiffany Grant sits down with financial coach and entrepreneur Nicole Stanley to discuss the intersection of motherhood and business ownership. Nicole shares her journey from corporate sales and youth ministry to becoming a stay-at-home mom and eventually launching her financial coaching business in 2020. Tiffany and Nicole delve into the challenges and triumphs of balancing entrepreneurship and motherhood, offering valuable insights and tips for moms who are looking to start their own businesses. Tune in for an inspiring conversation about pursuing your passions while managing family life. Check out the blog post: https://moneytalkwitht.com/podcast-show-notes/motherhood-and-entrepreneurship/ About Our Guest Nicole Stanley, the visionary founder of Arise Financial Coaching, has profoundly impacted countless lives through her innovative Money Momentum Method. Her journey began with a personal struggle against debilitating financial anxiety in her early twenties. Determined to overcome this, she enrolled in a personal finance course, transforming her situation from $30,000 in debt to a thriving net worth exceeding a quarter-million dollars by just 27—achieved solely through her dedication and strategic planning. Connect with Nicole Website: https://www.arise.financial/ Instagram: @arise.financial.coaching Facebook: Arise Financial Coaching Connect with Tiffany Website: https://www.moneytalkwitht.com Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant YouTube: Money Talk With Tiff Pinterest: @moneytalkwitht TikTok: @moneytalkwitht Subscribe & Follow Subscribe on your favorite podcast platform. Follow on all social media platforms. What's Next? Leave a review on Apple Podcasts or your platform of choice. Join the conversation online with #MoneyTalkWithTiff. Disclaimer: The contents of this podcast are for informational purposes only and do not constitute professional financial advice. Always consult a financial advisor before making financial decisions. Support this Podcast Copyright 2024 Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

    Apple PodcastsSpotifyYouTubeOvercastAmazon Music

    Key Takeaways

    • 1

      Pursuing personal passions as a mom can make you a more fulfilled and present parent.

      Nicole realized that having her own interests outside of motherhood helped her be more engaged with her kids.

      She shifted focus from guilt about time spent away to the quality of presence when with her children.

      Entrepreneurship helped her overcome perfectionism and fear of judgment, which positively impacted her family life.

    • 2

      Surround yourself with other moms who are entrepreneurs to overcome obstacles.

      Nicole advises not to ask people who haven't done it whether you can succeed.

      Other entrepreneurial moms provide solutions, encouragement, and empathy during the hard early stages.

      The right community can be the difference between a business that never launches and one that thrives.

    • 3

      Invest in yourself and your business development sooner rather than later.

      Nicole spent a year agonizing over investing in financial coaching training; in hindsight, she would have started sooner.

      Tiffany wished she had hired help earlier instead of trying to do everything herself as a perfectionist.

      Early investments in training and support can accelerate growth and reduce unnecessary struggle.

    • 4

      Necessity can be a powerful catalyst for launching a business.

      Nicole launched her financial coaching business in 2020 after her husband was furloughed.

      Starting with no income forced decisive action and eliminated hesitation.

      Many successful businesses begin from a place of necessity rather than perfect planning.

    • 5

      Building a team multiplies impact and creates opportunities for others.

      Nicole grew her business to include two full-time employees and a full-time coach.

      Training others to deliver excellent results allows more clients to be served.

      Hiring provides economic opportunity while scaling the mission of the business.

    Intro

    • Tiffany Grant interviews financial coach and entrepreneur Nicole Stanley about balancing motherhood with business ownership, sharing practical insights for moms considering entrepreneurship.
    • Nicole Stanley is the founder of Arise Financial Coaching and creator of the Money Momentum Method. She went from $30,000 in debt to a net worth over $250,000 by age 27 and now helps clients worldwide build financial confidence through coaching.
    WebsiteInstagramFacebook

    – Opening and Guest Introduction

    • Tiffany introduces Nicole Stanley and explains the episode will explore the intersection of motherhood and entrepreneurship.

    – Nicole's Journey to Business Ownership

    • Nicole shares her path from corporate sales and youth ministry to becoming a stay-at-home mom, then launching her financial coaching business in 2020 after her husband was furloughed.

    It wasn't until I started just naturally helping friends and family for free that I started to realize, oh my gosh, this is actually wildly fun.

    – Nicole Stanley

    – Balancing Motherhood and Entrepreneurship

    • Nicole discusses the guilt many moms feel when starting a business and how pursuing personal passions can actually make someone a better, more present parent.

    Me having something as a woman and as an individual to be interested in helped me be even more present as a mom.

    – Nicole Stanley
    • Tiffany shares her experience of working late nights and early mornings to build her business while raising kids.

    – Childcare and Practical Challenges

    • The conversation covers the difficulty of securing childcare when income is uncertain and how lack of built-in support is a major barrier for moms starting businesses.
    • Tiffany emphasizes the productivity boost she experienced after getting a babysitter and creating separation between work and home.

    – What Nicole Would Do Differently

    • Nicole reflects that she spent too long agonizing over investing in training and would have started her business development sooner.

    I think that year was probably too long for agonizing.

    – Nicole Stanley
    • Tiffany shares she wishes she had hired help earlier instead of trying to do everything herself.

    – Biggest Triumphs

    • Nicole highlights overcoming perfectionism and fear of judgment as a major personal victory from entrepreneurship.
    • She also celebrates building a team that includes a full-time coach, allowing the business to help more people than she could alone.

    – Key Advice for Mom Entrepreneurs

    • Nicole's top tip: Don't ask people who haven't done it whether you can succeed. Instead, surround yourself with other entrepreneurial moms.

    The worst kind of poison for a new business is all the objections that other people have about the business.

    – Nicole Stanley
    • She stresses that starting a business is not a walk in the park and having the right community makes all the difference.

    – How to Connect with Nicole

    • Nicole shares her Instagram handle and explains how small business owners can book a call with her team if finances are holding them back.

    Resources

    • Motherhood and Entrepreneurship Show Notesarticle
    • Arise Financial Coaching

    Topics

    motherhoodentrepreneurshipfinancial coachingwork-life balancewomen in businessstarting a businesschildcareperfectionismbuilding a teampersonal finance

    Nicole Stanley's Tips for Moms Starting Their Own Business | Ep. 334

    0:00
    0:00

    Related Episodes

    What I Learned From Breaking Down a Whole Chicken (And Why It Matters for Your Money)

    What I Learned From Breaking Down a Whole Chicken (And Why It Matters for Your Money)

    May 28, 20266 min
    whole chickenJamaicaYouTube
    Too Busy for Budgeting? 3 Money Habits That Survive Chaos

    Too Busy for Budgeting? 3 Money Habits That Survive Chaos

    May 21, 20268 min
    Non-Negotiable TrioWeekly Numbers Check24-Hour Pause
    The Stewardship Review: How to Actually Measure Your Progress

    The Stewardship Review: How to Actually Measure Your Progress

    Apr 30, 20268 min
    Stewardship Reviewgoal reviewprogress measurement
    The 96% Cut: Ruthless Stewardship for a 5-Hour Work Week

    The 96% Cut: Ruthless Stewardship for a 5-Hour Work Week

    Apr 23, 20267 min
    overhead auditsubscription auditutility test