First name / Hello,,
There's a hashtag I started posting a lot when I first started digging deep and sharing more about my life on Instagram: #honestmotherhood. At the time, I was trying my best to balance my growing, all-consuming corporate career work with having two little boys, which meant that so much of what I saw in people's posts and stories on social media was a version of motherhood that didn't align with mine.
I also had my first child earlier than the average mom, and thus I often felt isolated and alone at school events. I did not know how to relate with most of the moms, who were at least 10 years my senior.
As I've gotten older and started my own company, I've grown a lot more comfortable with who I am as a mother, and I've formed a new identity that matters equally as much to me: my identity as a founder. But I found something else to be true between both of my roles and lives: there was still a lack of honesty in some of the places and spaces where I was showing up as an entrepreneur and as a mother.
When I first started scaling my business, the thing that was all the rage was to talk about becoming a “seven-figure entrepreneur” and “how you made your first million.” There was a lack of transparency around whether people were talking about a million dollars in gross revenue over a period of time, or in a single year. The biggest stat that was touted, though, was the fact that less than 2% of female founders ever make a million dollars of revenue.
So I set my sights on that hard-to-obtain goal, fueled by my
Enneagram 3 energy and willpower to defy the odds.
Over time, as many of you know, that goal nearly drove me into the ground.
While I came just $50,000 short of a million dollars in annual revenue in the year 2021, it was one of the most challenging years for me in business–emotionally, financially, and everything in between. This is why I feel it is more vital than ever to talk honestly about what it is like to be an entrepreneur, especially when it comes to finances.
I was grateful for the space to speak openly and to tell my truth, because to be honest, if I had heard more stories like mine when I was scaling my business, I wouldn't have felt like such a failure for falling $50k short of my million-dollar goal.
I do my best in this newsletter and the community we've cultivated to be as transparent as possible about what it takes to create a company that makes an impact and empowers you to make a meaningful living.
But one of the things I've learned over the last year is that making a living isn't just about the amount of money you cultivate in net revenue or take-home salary.
It's about the quality of life that you're able to cultivate because of the freedom and liberation that the work creates for you, whether that's in the form of cash flow or in the form of quality time. Both really matter to me these days.
As we shift towards Q4, a time when most business owners are pushing hard towards their end-of-year goals and whatever revenue number they are hoping to hit, this season should also be about figuring out what's right for you: for the life you want to live and for those you love in this season. As you measure your financial success in 2024, I hope you also reflect on your quality of life.
Money can buy many things, but it can't buy back time.
It can't insist that you hold space for your mental health and healing.
It can't hold together your relationships.
I've learned these lessons in some of the hardest ways over the last couple years, and I'm sharing them openly in hopes that others don't have to.
Here's to the never-ending journey of entrepreneurship and to making more money and meaning in the months ahead.
- Madeline