On this episode of Motivating Other Moms, CEO and founder or Corpnet, Nellie Akalp, talks about starting out from law school and her journey with her husband into becoming an entrepreneurial mom. Rosemary and Nellie discuss Nellie’s life with 4 kids and 18 years of marriage, and what it was like to be raised by her grandparents. Nellie answers listener questions and gives great insight into different legal tactics in business.
About Our Guest
Nellie Akalp is a serial entrepreneur, small business advocate, speaker
and author. She is the founder & CEO of CorpNet.com, an online
legal document filing service, where she helps entrepreneurs start, grow
and maintain a business.
Nellie: This is Nelly Akalp, CEO and founder of corpnet.com a legal document filing service that assists entrepreneur startups, new and existing business owners with starting a business whether it be setting up a sole proprietorship, incorporating your business or forming an LLC in any state and you’re listening to motivating other moms radio.
Woman: Mompreneurs, if you’re pulling double duty with kids and a business, you know how hard it is and it can be easy to feel so alone. But I’ve got great news. You’re not alone and you can do this. Welcome to motivating other moms. The show that pulls back the curtain to show vulnerable moments, lessons learned and solid business tips for mompreneurs. Now, here’s your host, successful mompreneur, Rosemary Nickel.
Rosemary: Welcome Nellie Akalp. I’m so happy that you’re here because you have such an incredible journey and the fact that you’re a mom of four and you’ve been married for 14 or 17 years right?
Nellie: Actually we’re going to be celebrating 18 years Rosemary this September.
R: Wow. That is amazing. And you guys are working together as entrepreneurs to boot.
N: Yes, yes.
R: That you have survived that, that’s like celebrities surviving 18 years together. That’s pretty amazing. It’s not an easy task. Has it always been easy?
N: I would say every marriage has its up and downs but for us it’s been a great ride and yeah. I love him to death and I can’t see myself being with anybody else.
R: Have you guys always worked together?
N: Yes, we have.
R: So when you got married 18 years ago you guys were already both entrepreneurs?
N: Yes. We actually — we met in college in undergrad and we soon realized that we had very similar interests and very similar backgrounds in our upbringing and had just a lot in common. We’re both only children raised by our grandparents and we realized that we both wanted to attend law school and got into separate law schools and went into law school and lived together as roommates and then fell in love with each other and he proposed in ’96. We got married in 1997 and started our business soon thereafter in December of 1997. But really we’ve always worked really well together. We were — we met in college under the guise of being study partners so we always had this partnership whether it was in studying, towards an education and a degree or towards working in a business together. So it’s a good mix, it’s a good balance for us. We worked out.
R: It sounds like it. How do you — how much do you think the upbringing — both of you being brought up by your grandparents has shaped your relationship?
N: In my opinion we both kind of were survivors because we were only children and truly our grandparents were raised in a very, very different lifestyle than what we were accustomed to when we were growing up and there wasn’t much flexibility there so Phil and I really, really — we kind of grew up fast as kids and we became survivors and learned very quickly at a very young age how to take care of ourselves because frankly we didn’t have those role models that truly this generation has or my kids have and we didn’t have the upbringing that my kids are accustomed to. So we were survivors and we learned to take care of ourselves and then when we met each other it was nice to kind of see that partnership and kind of sharing our experiences and coming together with it.
R: What do you think was one of the single biggest things that shaped you in your childhood to prepare you for the person that you are today?
N: I think my grandpa had a lot to do with it and just overall seeing my parents and my grandparents struggle so hard to make ends meet and to support themselves. I think that the fact that my grandpa always taught me that you need to go to school, you need to get a good education and without a great education you won’t really have those finer things in life that you’re always aspiring to do or to be and I think that had a lot to do with it because as I was growing up I was living in a community that was more of an affluent community but we were ourselves more blue collar and we were always working and struggling to make that penny, to make that dollar. So having my grandpa’s support and just constant mentoring of you need to go to school, you need to get an education if you want to do something helped a lot. And even thought I don’t use my degree on a daily basis and even though I don’t use my graduate degree having gone to law school on a daily basis because I don’t practice law I think going to school helped me shape my thought process and the way I think and the way I approach situations and also when I come into contact with others. So I definitely think his mentoring and support really helped me and shaped me into who I am today.
R: And it helped you find your wonderful life partner as well.
N: Yes. Had I not gone to school I wouldn’t have met Phil. You’re right.
R: Your biggest bonus of all, right?
R: What would you say and seeing we’re talking about college and the use of degrees, things are changing so much in our world today that a lot of entrepreneurs are saying that college education is a waste of money. There’s a lot of them that will say that there is a benefit. But I’m hearing that going back and forth because it costs so much to go to college and you’re going to spend the rest of your life trying to pay off those student loans that — a lot of entrepreneurs, they’re saying just start your business when you’re young and use that as your college. What would you say are the benefits and not so much the benefits that you’re going to talk to your kids about when they start looking into a higher education?
N: I’m a huge advocate for education and I think there’s plenty of time for children of this age to go into the real world and make money and I think you should enjoy being a kid and you should enjoy being a college student and I definitely think you should go to college because even if you want to become an entrepreneur and start your own business I think this — that this — having a college degree counts a ton and frankly in this day and age even if you work for another company, they’re always looking for the best of the breed for the position they’re trying to fill and obviously the degree matters and they’re always looking for the candidate that’s completely well rounded and obviously they’re going to go for the one that has the most well roundedness and has the better resume and with that comes what’s your degree, what’s your GPA. And again, my thing is that go to college even though if you don’t want to. Go for — work for somebody else but in my opinion going to college and having that routine and going into classes really shapes the way you think and you approach situations and really in my opinion builds a foundation for you as to your growth process in life.
R: That’s a really good point. There’s a book called Conversations with my aunt and conversations with my uncle someone sent me. And it talks about getting mentors for your teenagers and it’s really a book geared for the teenager to read but it’s a super easy read for parents which I recommend and one of the things they talk about is the frontal lobe development and how important those habits that you’re creating as a teenager, those life habits are the things that you’re going to be using for the rest of your life. So exactly what you were saying was getting in the habit of having that discipline and studying and learning and using it is exactly what you’re going to be using for the rest of that life. During that time in your life it’s very important that you imprint that on your frontal lobe.
N: And plus in my opinion, I got a degree in marketing, business administration with an emphasis in marketing and then I decided to go onto law school. And frankly even today in my current business I often remember all the exercises that we did for example in our consumer behavior class and marketing because we practiced that daily when we are trying to survey our clientele and their behavior and their purchase behavior. So in my opinion specifically if you’re trying to go into business for yourselves and becoming an entrepreneur, having a degree in business with either an emphasis in finance or marketing I think will really pay off for you once you start your business and in operating your business.
R: So you and your husband had had many businesses over the years since you’ve graduated from college and were married and then you had your children. You have four children. Two only singletons have four children. That’s amazing.
N: Yeah. Yes.
R: I had to talk my husband into the second one. He’s singleton as well. And he’s like I don’t get it. I don’t know why we need the second one.
N: It’s for us, because we were only children we always wanted a really big family and we’re very blessed and our kids are truly the reason for our living and beyond — and first and foremost and above anything is our children right now until they grow up and become adults. Our first and foremost priority is being parents to them.
R: I love that. and as — because we’re speaking to an audience of entrepreneurial moms, what was the biggest shocker for you or biggest learning curve that you had going from being an entrepreneur with all the time that you wanted to work on your business to now being parents?
N: So it’s funny because when I started my first business 1997 I was actually not a mom yet and I was in the process of wanting to build a family with my husband. So the business had already started and then I became pregnant and had the twins and back then I think I was really young and I had a ton of support from my mom and my grandma and actually my husband himself too. So I really had a great support system which in my opinion helped a lot in allowing me to be a career mom and juggle both having a set of twins and running a business. But I also feel that it was weird because it all happened so fast for me that it was like I would just take it as it was coming. And with our first company it was a little bit different because we were not in as much as a saturated market that we are today so I really in my opinion didn’t have to work as hard as I do today and frankly the business kind of grew so fast and it would really kind of — the business — the money would be rolling in, the orders would be rolling in and it was hard for us to keep up with it so I really didn’t have the struggles of like what am I going to do to grow the business and how am I going to engage out there etcetera, etcetera. My time was more of just building a team and executing on projects and really trying to stay afloat of making sure we’re fulfilling orders because there was no problem with us getting traffic. The business kind of was growing by itself and then fast-forward to 2005 we were approached and blessed with the opportunity of wanting to get acquired and we thought okay. It’s a great opportunity. This gives me time to become a fulltime mom even though I didn’t know it at that moment because I truly thought I was going to stay on and manage the team even after the acquisition but once the acquisition took place for me, it had lost its entrepreneurial culture so I decided to step out of it and just focus on raising my twins and at that time I had already had my third child so he was a baby. So it all worked out at the end but in answer to your question I think I just kind of took it as it came. I didn’t really have a plan.
R: What was the — you were mentioning about getting your team onboard. I think that’s one of the bigger things that entrepreneurs struggle with is finding that team that works well together to be a part of your brand. They’re working for you and have the same amount of passion or at least work passionately so that you guys can build a business that you want. What was the biggest struggle in that as far as building your team? Where was it difficult?
N: It’s funny because again my answer to that would be I didn’t see that many struggles back then. I think the struggles that — the questions that you’re asking with respect to struggles more apply to today because back then it was so easy. We would put up an ad and we would literally find the right talent for the position and we had a really great team. A team that was really motivated and selling and really helping entrepreneurs make their small business dreams into reality. I think more of the struggles that I’m seeing are with my current company corpnet in finding the right talent, finding that sweet spot for the business and really getting that client in the door and marketing and trying to stay afloat and maintain our market share in the industry. Because right now we’re not just dealing with a few players. Our industry is so saturated to the point that the service itself has become a commodity. So it’s getting that client in the door takes a lot more effort than the effort I had to put forth in getting that client with my first company.
R: So what drives you then to continue and when it was so easy and you can see how easy it could be. It’s really interesting how you can build businesses and sometimes they just take off. And other times it takes a lot of work to keep it running and going and building up and you guys do have a lot of competition nowadays thanks to the internet which — of course, you need the internet for your business. What have you learned with starting corpnet that was different from your other business?
N: So let me answer your question as to what drives me and motivates me. For me it’s curiosity. It’s truly taking something that’s nothing and building it up from zero, from ground zero. So that’s very exciting to me and the whole idea of competition really excites me because it’s another way for me to prove to myself that well, you know what? There’s plenty of business to go around for everybody as long as you market yourself properly and you find a niche for yourself. So the whole idea of competition really, really drives me to really push forward and then what I’ve learned from corpnet and in starting corpnet is that in this day and age I think authenticity is what really sets you apart from your competitors and truly you have to have a value proposition for your clients and you need to provide value coupled with and powered by excellent service and that’s exactly what we’re about. It’s about providing the top of the line customer service, providing a one stop shop to business owners who want to start, protect and grow their business.
R: What made you and your husband think about doing a business like this?
N: We love small business. The idea of small business really excites us. We often find ourselves really excited and passionate about getting others motivated when they come to us with an idea and frankly we’ve never seen ourselves doing anything else but something in the area of small business.
R: When someone’s starting a business do you find it hard to get them to invest in the legal side and protecting themselves as a business owner?
N: I don’t think it’s hard for them to invest in the legal side. I think it’s more of an awareness issue of them not knowing what the legal ramifications are if they don’t set up the business structure properly. So it’s an awareness issue in that I feel that you need to educate people on the benefits of why setting up your business structure, setting up the foundation of your business is so important because you need to have a proper business structure in place and then have the necessary licenses and permits in order to be able to operate your business. And most people just don’t know about this stuff because they lack the education and awareness and it’s our job to educate them.
R: And how did you guys learn about this? Was this from going to college and becoming lawyers or is it because of over time having your businesses that you saw that there was a real need within the community?
N: We actually — it’s such a great question. My husband actually got the idea of starting businesses online while he was attending law school and he was in his corporations class and the teacher was talking about — one of the hottest businesses out there is starting businesses online. So he came up with the idea, we invested 100 dollars in purchasing our domain name in 1997 and our first company was born.
R: Let’s talk about domain names. I mean, we — I think as entrepreneurs we collect them like we collect dolls or something. What is the — why is it so important to have your domain name?
N: Well, I think your domain name is truly the address to where people can see you and visit you at your website and it’s an extension of your business name, your brand and who you want to be perceived as out there on the internet. It’s your storefront on the internet. So I think having a great domain name is truly important although nowadays it’s so hard to get a great domain name and most of them are either you have to go through an auction site or get really, really, really super creative with picking a name. but in my case for example, we came up with corpnet because it was the only seven letter word out there that we could have and had any indication of the word corp in it or had — we could — we, as entrepreneurs could put any meaning of small business to it. But it’s really hard these days to find a good domain name that has any meaning to it unless you’re very creative or you purchase one of an auction site.
R: And sometimes you just get darn lucky.
N: That’s true.
R: Tell me about — nowadays when you go to look at URL there are URLs that are .com, .net, .tv. I think that they now have one .podcast even. I’m not quite sure. But there’s all of these different dots. How does that — do you know how that affects their business?
N: To be completely honest with you I really don’t as — I often tend to go with .com but I do know that there’s a ton of other variations of it. I do know that for educational organizations for example they’ll go with .org or .edu and oftentimes if you are a — if you have a podcast or a radio or a TV station you can use the other extensions. But for us, we try to keep it simple and just go with .com.
R: Let’s say that someone has URL and they — or they want URL — this is what I’m — I think I’m trying to get at and seeing happening. So let’s say I have motivatingothermoms.com and someone comes up with the idea that they want to do motivatingothermoms.com. One is I should have it trademarked which we’ll talk about but the other one is that they might do motivatingothermoms.net. How does that affect us on the legal basis?
N: Well, you can always send a cease and desist letter and try to get that domain name from that person but it really depends on when they purchased that domain name. Was it before you, was it after you because we’re in a similar situation Rosemary where we put — we purchased corpnet.com and somebody else has corp.net and they’re — to give it up. So it’s a matter of when you purchased that domain name and whether you’re able to purchase the other domain name from the other party but all in all you’ve got to kind of look at it and see how much time it’s going to take away from your business and is it all worth it. For us, we decided to just focus on our name brand and luckily we have built a great name brand with our name corpnet.com whereby it really doesn’t matter at this point.
R: I have a question from one of my listeners Doctor P.K. Roberts of the superfantasticlife.com asked what is the difference in having a trademark and having your brand LLC.
N: Okay. So an LLC is a type of business structure and it stands for a limited liability company and it’s a type of structure that you can set up your business as. Whereas a trademark protects the business name logo or brand. Okay. A limited liability company or an LLC protects the business owners from god forbid any liability that the business may get into and if the business happens to be sued the person suing cannot go against the business owner’s personal assets such as their house, their car, their personal savings account. Whereas a trademark is really protecting the name of the business. It’s an intellectual property. It protects the asset of the business which is the name or logo of the business. So for example if somebody tried to use the name of your business and you had already been using it for a while and you’re getting brand recognition for it and all of a sudden somebody else comes and starts using that name and you have a potential trademark right to it, you can ultimately go after that other party who’s copying the name and mandate that they cease using that name in commerce.
R: A lot of people — there’s been a big discussion within my world of what — the trademarks. So recently — the friend of mine has been running her business and working her butt off and building her following and then someone came in and said you have to cease and desist. So she’s been going in for years and then someone comes in with a very similar name that she’s used within her business and they’ve got lawyers involved. And then there’s another one that did all of her branding, had everything set up, her website paid for, every — all of the stuff in place to launch it and someone said cease and desist. We have a trademark on this name. how do people first search to see what’s trademarked and what’s not and why is it so important that they figure that out before they do all of the work?
N: Well, the first thing you want to do is you have to ask yourself what are you trying to trademark and why are you trying to trademark it. Because trademark protection really is about you trying to prevent others from using your trade name, your logo, the business name in commerce, okay? And frankly the first thing you want to do is do a quick knockout search with the United States patent and trademark office to see if anybody else is using that name. And it’s really a free tool that you can utilize. You can even come to our site at corpnet.com and it’s right off our homepage and you do a free trademark search to see as a first step if somebody has any type of a pending registration on the name that you’re potentially trying to trademark. And if it comes back that nobody has a pending registration at the United States patent and trademark office by doing that knockout search then I would take the search to another level and do a comprehensive US search to make sure nobody has any type of common law rights to that name. They’re not using it in commerce. Then you check the state, the local county and the Yellow Pages to see if anybody’s using that name. And then if that comes out clear then you can register the trademark with the US PTO. You can either file directly with them or have a legal filing service such as our company corpnet handle it for you for a minimal service fee. The applications fees are approximately 325 dollars per class and it can take anywhere from nine to 12 months once you submit your application for you to obtain a trademark registration with the US PTO.
R: So we don’t need to worry about worldwide searches or if there’s another company in another country?
N: The US PTO is a federal database that registers trademarks in the United States.
R: The other question is taxes and why should someone — when they’re making the decision to start their business do an SCORP, an LLC, a CCORP or a sole proprietorship?
N: So Rosemary, I’m not a tax expert but I can give general guidance as to why somebody may want to consider becoming a corporation or an LLC. Typically for a small business owner incorporating the business as an S corporation or an LLC may have bigger tax benefits for them. For example, for startups it’s normally suggested a garden variety LLC at first since the first year is usually riddled with losses. And an SCORP shareholder can only lose up to his or her basis whereas a single member LLC can theoretically have unlimited loses. So for startups again it is recommended that they consider the LLC at first because again as a single member LLC you can theoretically have unlimited loses and you’ll have more tax benefits and advantages as an LLC for your startup but again my recommendation would be to consult your accountant or tax expert to see what the best type of business structure is for your small business. But for a small business owner really the two types of entities that are recommended are either the S corporation which is really a corporation and then you make an election with the IRS to be treated as an SCORP for tax purposes to avoid the double taxation where normally you would have to pay as a C corporation. And then the LLC is — stands for the limited liability company. Again, great for a small business. Anybody can become an LLC whereas with the SCORP there’s strict requirements that you must meet in order to be qualified as an S corporation. But either of those entities are great for a small business owner and again our recommendation is for you to either take our little wizard questionnaire to see which is the best business structure for you. It’s right off our home page. It’s been created by attorneys and accountants. It’s called our business structure wizard which will ask you a series of questions and based on your answers it will recommend which business entity is the right type of entity for your business structure or consult your tax expert.
R: So would that be on corpnet.com/wizard?
N: You can just go directly to the corpnet.com home page and you will see it on the home page right in the get started box or you can go to corpnet.com/business-structure-wizard.
R: Thank you for that. What is the biggest thing that you think business owners miss when they’re building their business as far as legal coverage goes?
N: I’ve generally broken it down into five. Top mistake I see with business owners is oftentimes they get so excited about the idea and the first thing they want to run to do is pick a business name for their business and they pick a business name but they fail to check to make sure that name is available or if it’s being used by another business owner. So a quick way around this to prevent yourself from being involved in the wrong end of a trademark dispute is to do a quick free business name search to make sure that name is available and get that business name registered before you start printing up business cards and putting that name on your letterhead.
R: So it was just like we talked about with the trademark issues that seem to pop up quite often.
N: Correct. And again, we have a free tool on the home page of our website. It’s called our free business name search. Anybody can come in and you can either call in to our office during normal business hours of seven AM until five PM Pacific standard time and we can do a quick free business name search over the phone for you and give you the results or you can submit the request over the internet and you’ll get the results by email. But again, it’s a free service and there’s no gimmicks or any requirements for you to purchase our service.
R: Do you find that you have people coming to you because they’re being sued by clients for online business like coaches who might have an unhappy customer with whatever service that they provided? What can we as coaches or online service providers do to protect ourselves?
N: Well, again the whole idea of incorporating your business or setting yourself up as an LLC offers you that liability protection and no matter how small your business is if you’re in the business of providing advice to people or in a business where it’s becoming profitable and you have a stake in it it’s always best to consider setting your business structure up and getting your business legal early on in the game.
R: When do you people should employ insurance coverage for their business?
N: Insurance is something different and I think it really depends on a couple of things. I mean, for example we have general liability insurance for our business for a number of reasons. We have employees here, we have servers. We want to protect our self in case there is some sort of a natural disaster or any other number of issues. Somebody walks into our office and gets hurt. An employee hurts somebody or has a claim against us so — again, it really depends on the nature of your business and whether you have employees, what type of business you have and the nature in which you’re conducting your business. But again, my recommendation to you would be to consult an insurance, a business insurance consultant to see whether your particular business is in need of one.
R: In building your business as an entrepreneurial mom in an entrepreneurial family and looking back at you childhood that we were talking about at the beginning of the podcast, what does freedom mean to you? It appears that you’ve crated freedom but everybody has a different idea of what freedom means to them. What is freedom to you?
N: In my opinion freedom is being able to express my creativity in a manner, shape and form which will allow me to really expand my wings to wherever I want to go and however I want to do it. and also to me means being able to do the things that I love and coupled with my half twos but on my own time and being able to do it and being able to be a mom at the same time and entrepreneurship and having my own business really allows me to do both because it allows me to expand my creative side and expand myself as a career woman yet with the flexibility of doing it on my own time and being able to see my kids and raise my children on my own.
R: What are some absolutes for you as far as between business and family? What are some cut offs that you’re like I absolutely won’t do this. My family’s more important.
N: I have a very strict rule of no business on the weekends and truly — I mean, unless I’m on a speaking engagement. I mean, there’s no black and white Rosemary but my rule is I don’t work on the weekends. Weekends are for my family and it’s — literally starts Fridays and it goes all the way through Sunday night. The other thing is that I try to be very organized in the fact that I run my business during normal business hours and I work from eight to three and then I’m a mom after three. And I — it works for me. But again, there’s no black and white because there are times whereby I have to be on an interview or an appearance and it maybe later during the day. So we just — Phil and I, we coordinate well and we make sure that we plan ahead so that if I need to work he’s there with the children.
R: How old are your kids right now?
N: I have 13 year old twins, boy and girl. So they’re teenagers. I have an 11 year old and then I have a four year old.
R: Wow. That’s two — different ends of the spectrum. So what is different for you from the 13 year olds to the four year olds being a mom to the four year old now? Are you much more relaxed and laid back about mothering? What’s different?
N: I’m so happy you asked that question because I was just talking about it with my husband. I think I’m more mature as a parent and it’s funny because — I mean, let’s be honest. I love my children to death. And they’re the reason for our existence. But with my four year old I think what has made me different as a parent is that I’m much more patient and I’m much more present with her as far as truly enjoying every moment with her and also it’s funny because I’m a lot older. I’m 43. I’m almost going to be 44. So I’m not as — I don’t want to say — I’m always excited about my business but I’m less — how do I say that? I’m less eager to be that cruncher that gets up in the morning and has to get to work at a certain time. I’m much more relaxed and much more willing and wanting to be with my baby because they grow so fast. And I feel that. My 13 year olds grew so fast and I’m like oh my god. Where did that time go? So I’m trying to really enjoy every minute with my four year old right now.
R: That’s the blessing of having older kids and younger kids. My husband has a 40 year old and we have 11 year old and a seven year old. He started really young. And he is so much more laid back than I am.
N: Yeah. And it’s so funny. I feel like with me as I grew up I became much more seasoned as a parent and in a way I grew up myself and it’s weird because as much as I love my business, my priorities are much more straight and much more clear as to where I need to be when and what I need to do when.
R: Has that changed how you’ve built corpnet compared to your previous business?
N: Yes. Completely. 180 percent.
R: So are you enjoying it more because of that?
N: I do. I think it’s — we’re in a very different age with my current company. We built corpnet and started corpnet at the height of the recession and the new era of digital marketing and this social media age so it’s just a very different business model. Although similar services to my first company but just a very much different business model. And I — my approach with this company is just quality of time versus quantity of time and just enjoying my life and being more present with my children but yet balancing it and finding that sweet spot whereby I can run my business and also be a mom.
R: And do your 13 year olds say you didn’t do that for us mom?
N: They were too young and truly my 13 year olds — it’s so funny because they actually really enjoy watching me work and they’re very proud of their mom and dad as far as our background and our story and they often write essays about it in school. So they’re proud kids.
R: That’s pretty awesome. There’s no better compliment than when your kids compliment you is there?
N: Yeah. That truly for me — I think I’ve done something right in order — for my kids to be so proud of me it validates the fact that I’m doing something right.
R: What are some of your favorite things that you like to do with your kids on your downtime?
N: We’re a very close family and we’re very tight niche, we’re very private and oftentimes we love taking road trips, we love going to the lake. On any given Sunday of course — Sunday mornings we like to go to church and oftentimes we just love staying home and watching movies, going to the pool, taking hikes, going for a bike ride, we love the beach, we love the ocean. We just came back celebrating mother’s day out in Palm Springs together. But we’re very, very tightly niche family, we’re very close to each other and we love doing things together. We’re foodies. We love always going out to restaurants.
R: We’re the same way. It’s fun to watch your kid’s palate develop when you’re going out.
N: Yes. It’s neat and it’s interesting to see them. They’re all so very different but all in all we love spending time with our children. That’s really important to us.
R: Well, Nellie thank you very much for taking your time out of your day to spend with us and sharing your wisdom and providing such great content and inspiring us. If you’d like to get connected to some of my amazing guests like Nellie and other mompreneurs who understand what it takes to build a business and be a mom head on over to motivatingothermoms.com, sign up for my newsletter. I will send you a link to add you into my private Facebook community created especially for mompreneurs like you and my desire is that you take one of these things you learn or were reminded of today and apply it to your business or life. I know that a small change can make a big difference and I am committed to bringing you one new story a week to inspire you, motivate you, help you not feel so alone in your mompreneur journey and leaving you saying I can do this. Thank you Nellie.
N: Thank you Rosemary.
Woman: All right mompreneurs. This episode of motivating other moms has come to an end. Are you feeling inspired? Visit motivatingothermoms.com for more wonderful episodes and be sure to join our mailing list to get great free bonuses to keep your life and business moving forward. We’ll see you next time on motivating other moms.
Key Takeaways[00:01:07] Nellie and Rosemary talk about Nellie’s 18 years of marriage
[00:03:05] Nellie describes what it was like being raised by grandparents
[00:04:15] Nellie talks about the huge impact her grandfather’s support had on her life
[00:06:17] Nellie explains the benefits of higher education
[00:11:26] Nellie speaks about her experience from being an entrepreneur to becoming a parent
[00:15:07] The struggles Nellie has faced and faces today
[00:16:25] Nellie talks about what drives her
[00:20:30] Some great information about domain names
[00:23:34] Nellie explains the legality of someone taking your name at a different domain suffix
[00:24:52] The difference between a trademark versus an LLC
[00:30:09] The difference between an S-corp and an LLC
[00:34:31] How to protect yourself from being sued
[00:35:25] Rosemary and Nellie talk about business insurance
[00:36:36] What freedom means to Nellie
[00:37:40] Nellie talks about her strict rule regarding business on the weekend
[00:38:57] What Nellie’s kids think about the business
[00:41:44] Nellie explains her experience with CorpNet
[00:43:28] Nellie’s favorite thing to do with her family on down time
Mentioned in This Episode
In this report you’ll discover 5 tips you can begin implementing and practicing right away to be on your way to creating a more predictable flow in your family and life.