Ep. 170 - Ask Me Anything with Kathleen Mundy

Navigating Transitions, Pivots, & Retirement of the Modern Entrepreneur

 

 

We are back with one of my favorite types of episodes - an Ask Me Anything! This week, Kathleen Mundy is taking over the microphone to guest-host and ask me all the questions she can about how I've approached the many pivots in my business, selling a business, and how to do it all with confidence. 

Kathleen, a longtime friend and fellow dachshund mom, transitioned from a successful career as a multi-million dollar entrepreneur to looking for her new passion in life after retiring in 2022 and moving to Niagara-on-the-Lake. Realizing her retirement wasn't as fulfilling as expected, she founded the Retirement Innovation Lab to help others navigate retirement with joy and purpose. Partnering with Yasmin Nguyen, 22 years her junior, they created a platform offering innovative solutions for retirees. 

Kathleen's journey from business success to finding her new passion serves as an inspiring example of resilience and optimism.

To Pivot Or Not To Pivot? How I decide. 

Listen in to hear my thought process about how I decide if a pivot makes sense for my business and my brand and if it aligns with my values. I also touch on how I manage to feel confident when making some pretty big shifts and how I prepare for them. 

Check Before You Invest 

As an entrepreneur and a quick-start, I'm constantly thinking of new ideas, but I realize not all of them will be viable. Kathleen and I discuss my method of testing ideas before I invest extensive time and money into creating or marketing a project or opportunity. You won't want to miss hearing about my invitation marketing technique, which I've used for years to determine if my new ideas have the potential to be a success. The best part? I'm not risking a large investment or missing out on ideas my clients love. 

It's always a pleasure to have my friends on my podcast, and Kathleen came prepared. This episode is beneficial for anyone of any age, so I hope you listen in and get some great advice on how to apply your unique gifts as an entrepreneur. 

 

What’s In This Episode

 

• The challenges of entrepreneurship, including addressing self-doubt, resilience, and difficult decision-making 
• The importance of personality, service delivery, and thought leadership 
• Transitioning to Entrepreneurship in Retirement 
• The importance of hiring mentors and investing in your business when transitioning to entrepreneurship 
• Minimizing risk with financial preparedness, risk assessment, and trusting your own capabilities

 

What To Do Next

Visit lisalarter.com/e170 for all resources from this episode.