6min chapter

How I Built This with Guy Raz cover image

Advice Line with Lara Merriken of LÄRABAR (October 2024)

How I Built This with Guy Raz

CHAPTER

Navigating the Need for Support

This chapter delves into the complexities of seeking help and financial support from friends and family while sharing insights from entrepreneurs on overcoming these challenges. It also covers the role of coaching in fostering resilience and curiosity among entrepreneurs during their journeys.

00:00
Speaker 3
It's that discomfort of asking people for money. Like I'll ask a stranger if I have to, but with my friend group and whatever, you know, I'm the one that kind of helps with advice and you know and sort of wisdom etc etc thanks to my mommy i very rarely ask for help in that sense like i got to ask you for money i'm the one that will lend you the money so how do i i was just thinking while you're talking do i just pretend i'm a different character and and to ask them for money and that makes me even thinking i'm stuttering laura
Speaker 1
laura let's put on your positive psychology degree here yes yes right asking is hard it's asking is a very hard for a lot of people it's very hard it's hard for me i'll be honest with you but i do think that if there's one thing i've seen in in almost 700 episodes how i built this is that virtually every entrepreneur on the show has figured out how to get over that and how to ask for help. Laura? It's so true. It's just, it's creating a new habit.
Speaker 2
I mean, you're asking for feedback right now. You've already taken a huge step. You're on this program. You've already asked. Like, you have it in you to do it, right? And you just have to just little, little steps, one thing at a time. Right. You're not going to get to the top of the mountain tomorrow, but one little ask at a time. Everybody has their own way of asking. Right. Like I agree. I don't like asking either, but I like to be like a natural fit. Right. Like I like to connect with people because it, it just like, we have a similar thing. And I did that with the, with the stores. When I got in the stores, I was like, I'm not going to, I'm not going to knock down the doors of people that don't believe in me, but I'm going to go where the energy is flowing, right? The people that believe in me and, and people like that. So that's what I would do. I mean, if you don't ask, you never know. I know. And if you don't ask, you don't get, Oh, I have all those. Okay.
Speaker 1
All right. You got this. You got this. Loretta's British ginger tea. Look for it. Look for it in your stores one day. Loretta, congrats. Good luck. We're cheering you on.
Speaker 3
Thank you. Thank you. Thank you. So
Speaker 1
great to meet you. You
Speaker 3
too.
Speaker 1
So, Laura, we are at the end of another episode of Advice Line. It's so cool to hear. One of my favorite things, and I'd be lying if I didn't say it was one of my favorite things, is when people call in or people stop me at airports or wherever, and they're like, I listen to this show every day building my business. It's so heartening because that's why we do it. That's why we brought you on all those years ago. We do it for that reason, to give people the energy to keep going when it's hard. Yeah,
Speaker 2
I think we all need inspiration. I'm still inspired by the show. I'm an entrepreneur and I listen to these episodes and every time I learn something, I learn it. I love learning new things and understanding how there's a lot of different ways to get there. Yeah.
Speaker 1
And I should mention, you are embarking on a new chapter in your life. I mean, you built and scaled a successful company and brand. You've been an investor and a mentor. I know you were doing that for a long time, still do a lot of that. But you,
Speaker 2
on the side, went on and did like a graduate degree in psychology, right? I did. It was typical of me on a whim. You know, just like Lara Breyer, I didn't plan it. And I had my undergrad in psych and I was a social worker many years ago. And then I got into this program and then I started dissecting, how did I get to where I was as an entrepreneur using grit and resilience, perseverance, optimism, all of that stuff. And I just realized this is where I really want to put my energy and how I want to help people using those, you know, these core concepts. It's
Speaker 1
so cool. Congrats. And so, and, and so tell me a little bit about how, how you're thinking about, about doing that.
Speaker 2
Well, it's early stages guy, but what, one of the ways is, is really coaching people. I think that I've learned, I've done a lot of that myself and it really helps me. And when you, you know, coaching is about leading with curiosity and really asking people those questions. I mean, you're very good at that on your show. You're curious. You ask people really crucial questions that get them to think. And so I'm starting an organization with a cohort member of mine, and we're going to do educational pieces and coaching and just make it really fun and approachable. As entrepreneurs, it's not just the business prowess, it's the psychology behind it. How do you get up every day? Loretta, how do you keep going when you're faced with an obstacle? What do you do? How do you get the inspiration? How do you reach out when you don't feel like you want to reach out? Yeah. You know, I think we all need that support. Yeah. Thank you so much for coming on to the Advice Line. Thanks for having me. Such a pleasure. That's
Speaker 1
Lara Merican, founder of Lara Bar, and more recently, co-founder of Anther, a coaching service for entrepreneurs. By the way, if you haven't heard Lara's original How I Built This episode, you've got to go back and check it out. You can find a link to it in the podcast description. Just scroll down, check it out. And here is one of my favorite moments from that interview.

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