From Idea to Multimillion-Dollar Business (Overnight!)—with Stacey Magovern - 220

In 2012, Stacey Magovern got the idea for Point Blank Safety Services, a business that would facilitate off-duty work for police officers. And for two years, the business was in a holding pattern. Stacey formed an LLC and had business cards printed, but Point Blank was struggling to gain traction. Then, in 2014, Stacey got a package addressed to Point Blank Safety with a $1.5M contract for a highway construction project. Stacey went from working as an outside salesperson to running a multimillion-dollar company overnight, and Point Blank became one of the most successful traffic safety and security companies in Texas. She leveraged the success of Point Blank to launch the Blue Family Fund, a nonprofit that provides financial aid to families of injured or fallen first responders. Stacey is also a contributor to Wickedly Smart Women: Trusting Intuition, Taking Action, Transforming Worlds. On this episode of Wickedly Smart Women, Stacey joins Anjel to explain how she learned entrepreneurship by example and share some of the lessons she learned from the epic failure of her first business. Stacey describes how she developed the willingness to ask for help and encourages us to focus on revenue-generating activities in our business and outsource everything else. Listen in to understand how Stacey navigated the overwhelm of receiving an unexpected $1.5M contract and learn what to do if you’ve inadvertently created a job for yourself instead of a sustainable business. What You Will Learn  How Stacey learned entrepreneurship by example from her family The lessons Stacey learned from the epic failure of her first business How Stacey developed the willingness to ask for help Why you can’t afford NOT to outsource the things you’re not good at How Point Blank Safety became a multimillion-dollar business overnight What inspired Stacey to start the Blue Family Fund nonprofit Why Stacey decided to self-fund the Blue Family Fund How Stacey navigated the overwhelm of a 300-page, $1.5M contract How to determine whether you’ve created a true business vs. a job Stacey’s advice on how to turn your job into a sustainable business Connect with Stacey Magovern Blue Family Fund Resources Wickedly Smart Women: Trusting Intuition, Taking Action, Transforming Worlds by Anjel B. Hartwell Connect with Anjel B. Hartwell Wickedly Smart Women Wickedly Smart Women Facebook Community Wickedly Smart Women on TeePublic Wickedly Smart Women on Clubhouse The Wealthy Life Mentor The Wealthy Life Mentor on Facebook Anjel on Twitter Anjel on Instagram Email [email protected]  Leave Us A Message On Our listener line:   540-402-0043 x4343