Investor Lauren Maillian Talks ‘Quit Your Day Job’
Lauren Maillian has always possessed a hustler’s spirit.
“I’ve always wanted to follow my own destiny,” the model-turned-entrepreneur told JET. “It was always really clear that I was going to be that young woman who was creative, determined, and find ways to capitalize on things that interested me the most.”
At 19, Lauren was the co-founder of a boutique winery, which rapidly gained international success and award-winning recognition. From there, the single mother of two, went on to launch and become the CEO of LMB Group, a strategic marketing and advisory company. You can also add bestselling author to her list of accomplishments, after the release of her business memoir,The Path Redefined: Getting To the Top on Your Own Terms.
Now, the serial entrepreneur is embarking on a new journey with the Oxygen series, ‘Quit Your Day Job’, premiering Wednesday, March 30.
The reality series, which also features Randi Zuckerberg, CEO of Zuckerberg Media; consumer products tycoon Ido Leffler; and start-up advocate Sarah Prevette, takes on a unique form as it displays entrepreneurs investing in aspiring entrepreneurs. In addition, the show will document the daily lives of angel investors – something that added to the excitement for Lauren.
With entrepreneurship there comes a level of fearlessness and the ability to bet on self. It’s something that Lauren admires when looking to invest in other businesses, along with making a personal connection.
“I look for intelligence, work ethic, integrity and resilience,” she quips. “A lot of people say that having an angel investor is like having a boyfriend or girlfriend. It’s important that the two have a good working relationship.”
While she advised the connection be one of good vibe and standing, there are questions that also go into deciding on who to invest in.
“Is it the entrepreneur who will be able to carry the torch without me and have the ability to move with my counsel via text, email or a call?,” Lauren assesses. “‘Or is it the entrepreneur who needs to be coddled and have their hand held?’ I look for the entrepreneur who’s ready to be a leader and needs my help to accelerate the growth of their business, help them navigate big issues, needs advice or support.”
Watch a tease of the series below and get Lauren’s top three mistakes to avoid as a new entrepreneur after the jump.
Three Entrepreneurial Newby Mistakes to Avoid and Why:
1. Confusing confidence with arrogance – Most entrepreneurs get so caught up in trying to play the part as they think the new role of co-founder or CEO is perceived by and looks to others instead of being true to themselves, their passion and confidence in their business endeavors. Those that are trying too hard to “fake it till you make it” or add extra layers of credibility through jargon and overt body language that signals “me, me, me” “now, now, now” come off as arrogant and self-absorbed, not sincerely confident. As an investor who is an entrepreneur first I know the difference!
2. Thinking that your future angel investor is your peer – You may eventually establish a great personal relationship with your investors and that relationship may evolve over the years as you mature and accomplish more and the company gains traction and finds success, but in the moment of the pitch for investment, your potential angel investor across the table is not your peer or your equal. Don’t be so relaxed that you forget that your job is to convince, persuade, and sell an investment opportunity. Conduct yourself accordingly, all investors talk.
3. Not asking for help when needed and letting pride get in the way. Ask for help! – Oftentimes the answers and solutions to your biggest problems or the voice of reason to your biggest concern can be found within 3 degrees of separation. Do your homework, determine who the closest person is that can help you navigate the situation you’re in, and don’t be ashamed to ask them for help, guidance, assistance, or an introduction. No one can help you if they don’t even know you need the help. Too many entrepreneurs let pride stop them from asking for help and they drown unnecessarily in a sea of people who could have impacted the outcome.
“Quit Your Day Job” premieres on Wednesday, March 30 at 10pm ET/PT on Oxygen.
Photo Credit: Jeffrey Thurner