May 22, 2019
Episode 104 | Harriet Mills Shares How Written Contracts can Save Your Business
Have you ever considered a prenup for your business? If you have a partner in the business, you should consider getting a written contract to protect you, your business, and the future of the business!
With over a decade of experience as an entrepreneur, Harriet Mills, a mother of three, co-founded her franchise company Wine & Design to help support her family financially. Since pursuing her dreams to grow her business by bringing art and creativity to new communities looking for a fun alternative to a typical night out, Harriet and her team of talented women have grown Wine & Design to one of the nation's' leading Paint and Sip companies with over 80 locations in the US!
Harriet and Wine & Design have been recognized both locally and nationally through awards and notoriety such as The Triangle Business Journal's 40 Under 40, ABC's Shark Tank, the Wall Street Journal, The New York Times, and Yahoo Finance. She has used her position in her local community and through Wine & Design to partner with Project ALS to raise money and awareness for the disease. Harriet strives to provide mentorship and guidance to women navigating the world of business. She understands the value of having a tribe of dedicated and passionate women for support and thrives on helping others achieve their business goals, whatever they might be.
Spending money on a lawyer to draw up written contracts and agreements is hard, especially when you’re just starting your entrepreneurial journey. When you spend money, you want to make sure that money brings in more revenue.
You might think hiring a lawyer will hurt your cash flow, because it’s not helping you make money, but it is a wise decision in the long run.
I personally understand that! When I started FITzee Foods, I needed to invest money into the things that would make my business grow. So, I avoided spending money on a lawyer, especially since I didn’t have a ton of money.
However, money spent on a lawyer saves you money in the long run.
When I closed FITzee Foods, I lost almost $2 million dollars because I didn’t have written contracts in place to protect me. This week’s guest on the Success Unfiltered Podcast lost $1 million for a similar reason. Learn from our us, and take our $3 million dollar lessons to help you in your business.
These written contracts act like a prenup for your business and can save you money, relationships, and stress in your future.
This week’s guest on the Success Unfiltered Podcast, Harriet Mills, experienced her most devastating NO when her ex-business partner said NO to an investment from an investor from Shark Tank.
Harriet learned from this experience and is coming to share the juicy details with you so that you can learn from her NO and protect your business with written contracts. If you have a business partner or partnership relationships, then this episode of Success Unfiltered is a MUST LISTEN!
Enjoy, and thank you for listening and tuning into Success Unfiltered!
To share your thoughts:
To help the show out:
Special thanks goes out to Harriet Mills for taking the time to chat with Michelle. Be sure to join us next week for our next new episode!
Everyone Gets Rejected In Sales. It’s what you do AFTER the NO that counts! I’ve got 3 ways that you can turn a NO into a win (and maybe even a future YES)! Grab my guide to surviving rejections in business and making them work for you right HERE!
Here are a few key secrets we talked about in this episode:
Connect with Harriet Mills:
Everyone Gets Rejected In Sales. It’s what you do AFTER the NO that counts! I’ve got 3 ways that you can turn a NO into a win (and maybe even a future YES)! Grab my guide to surviving rejections in business and making them work for you right HERE!
Music produced by Deejay-O
www.iamdeejayo.com