Colin Sprake worked with over 110,000 business owners and found that trying to do everything alone costs you growth and profit. Leslie Blodgett, co-founder of bareMinerals, scaled her company to $2.2 billion with help from a therapist-mentor who kept her from isolation. Surrounding yourself with mentors and peers isn't a luxury—it's what protects your bottom line.
This could impact your bottom line the most, and I promise you it's not what you're thinking. I have got to work with so many business owners over the years, over 110,000 business owners through our different programs. And the one thing that I've seen limit most business owners is that they want to do everything by themselves. They say this word solopreneur like it's a badge of honor. Solopreneurs cost you a fortune. Here's the reason why. A solopreneur means you're lonely, you want to do things by yourself, and you're happy just doing everything by yourself, but that does limit your top line and it definitely limits your bottom line. I got to meet Leslie Blodgett, one of the founders of bareMinerals makeup. And Mary said to me, Colin, I was never lonely in my business. My number one mentor was my therapist, 'cause my therapist is someone I could talk to that could help me realize I'm not alone, but also allow me just to vent all the stuff that was happening so that I could grow personally and put the right people around me to grow Bare Minerals Makeup to a $2.2 billion valuation and eventually sell to Shiseido in Japan. That fascinated me. So I wanted you to think about this for yourself. Are you sitting at the top of your company lonely? If you don't have people that can really support you from not being lonely, I promise you, your bottom line will suffer because of it. Because the more you get help and the more you expand your mindset and the more you realize you're not alone, the quicker your business will grow and so will your bottom line.
