The Realities of Entrepreneurship: Lessons from Pinky Cole

Episode • Jul 27, 2024 • 9m

In this eye-opening clip of Market Mondays, hosts Rashad Bilal, Troy Millings, and Ian Dunlap welcome the inspirational entrepreneur Pinky Cole. Known for her honesty about the highs and lows of her entrepreneurial journey, Pinky takes a deep dive into the real lessons she's learned while scaling her businesses. She shares invaluable advice on site selection, the importance of data over intuition, and the emotional challenges that come with making tough business decisions.

Pinky sheds light on the often unspoken struggles that even the most successful brands face. With a candid recount of having to close certain locations despite having a highly popular brand, she emphasizes that location and data are crucial in making informed business decisions. Pinky reveals how even giants like Burger King and Popeyes go through ups and downs, yet public discourse seldom covers these setbacks.

This clip also explores the dynamics of Pinky's personal life, particularly her relationship with fellow entrepreneur Derek. Their shared experiences provide mutual support and invaluable business insights. Pinky talks about how Derek learned from her journey to avoid similar pitfalls, ultimately leading to his own business success.

In addition, Pinky discusses her highly effective marketing strategies that have propelled her brand to new heights. By leveraging the power of celebrity endorsements, word-of-mouth, and social media, she has built a robust brand presence. Her marketing philosophy—making people laugh, making them proud, and giving them information—has resonated deeply with audiences and driven massive engagement.

This conversation offers a treasure trove of knowledge for anyone looking to understand the true landscape of entrepreneurship. Whether you're a budding entrepreneur or a seasoned business owner, the lessons from Pinky's journey are both enlightening and actionable.

Don't miss this episode if you want the raw, unfiltered truth about what it takes to succeed in business.

*Key Moments in This Episode:*

- [00:00:00] - Rashad Bilal asks about entrepreneurial lessons.

- [00:00:31] - Pinky Cole shares her honest business trajectory.

- [00:01:04] - The significance of site selection and data.

- [00:04:10] - Balancing personal and professional life with Derek.

- [00:06:44] - Top 3 marketing strategies for business growth.

Tune in to gain a deeper understanding of what it truly means to be an entrepreneur and learn from the experiences of one of the most successful names in the vegan business industry, Pinky Cole.

Our Sponsors:
* Check out PNC Bank: https://www.pnc.com
* Check out Square: https://square.com/go/eyl

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Activity

Switch to the Fountain App

Open in Fountain