We had the good fortune of connecting with Lola Paul and we’ve shared our conversation below.
Hi Lola, what was your thought process behind starting your own business?
After being unemployed for 6 months with a wiped out savings account, maxed out credit cards, and no interviews or job offers lined up, I knew that I had to enter the driver seat of my life and create different lanes for me to navigate. That meant, I could no longer rely on just one stream of income and that I needed to put myself in position to generate multiple streams if I never wanted to be in that situation again. Starting LOLA MGMT, LLC put me in position to generate income from different avenues including but not limited to: doing social media management and marketing, creating my own online school and providing curriculum on social media marketing and small business startup, starting my own e-commerce store where I sell entrepreneurship apparel, doing consultations and trainings for small business owners who want to take their brands to the next level, and investing in real estate so I can make passive income with short term rentals. I tell people all the time, if you lose your job today, where will you get money to eat tomorrow? The idea isn’t to bash those working for others with a 9-5, the goal is to get everyone to see that one stream is too close to no streams and having a solid business that you can pass down for generations is how you build a legacy and you can only do that when you tap into entrepreneurship.
Can you open up a bit about your work and career? We’re big fans and we’d love for our community to learn more about your work.
In my professional life, I am a high school teacher. I am currently in my 5th year teaching and I teach 12th Grade Economics. If you know anything about Economics, you know its foundational concepts are rooted in the idea of the circular flow of goods and services through individuals and businesses. This means individuals and businesses work together to keep the economy going and no society can thrive without that relationship. So I don’t think it’s a coincidence that I ended up teaching this subject while navigating entrepreneurship. If you told me when I graduated high school and graduated college that I would be a teacher, I would have called you a liar. Nothing wrong with teaching but I just never had it on my mind, not even in my peripheral. If I’m being honest with you, in the 5 years that I have been teaching, I was probably recognized by administration a total of maybe 3 times in regards to what I do in the classroom, what I do outside of school with extracurricular activities, and what I bring to the school as a whole. And though that sounds bad to not be recognized for your hard work and accomplishments, I know that everything I do is because I want to. I am intrinsically motivated so there’s nothing you can give me to make me do better than what I already did because I gave 100% for nothing already so anything given afterwards is a bonus but it doesn’t drive me. However, I will say that teaching has prepared me for entrepreneurship. I learned how to meet people where they are and then bring them where they need to be, I learned how to explain the same concepts in multiple ways to reach everyone’s learning style, I learned how to build rapport, I learned how to provide constructive criticism and give meaningful feedback, I learned how to be culturally relevant, and so much more. So I want to let people know that if you allow yourself to learn at every stage of life, you’ll realize the journey is always more significant than the destination.
Let’s say your best friend was visiting the area and you wanted to show them the best time ever. Where would you take them? Give us a little itinerary – say it was a week long trip, where would you eat, drink, visit, hang out, etc.
Week long trip? Say less! Food – Breakfast at my favorite hole in the wall, Lucy’s Cafe in North Miami. I’ve been going there since I was a kid where a staple breakfast of scrambled eggs, fries, Cuban toast, and fresh squeezed orange juice was $2.50. Now you can get that same meal for about $4. Another fave hole in the wall is Sunnyside Cafe in North Miami. The menu is bussin. – We’d do lunch or Happy Hour in Wynwood to get some of the best tacos at Coyo and the best vegan jimbalaya at Kush. – If we want to tap into our bag and get fancy, we’re going to Salt Bae’s Nusr-Et Steakhouse in Brickell. If we want to tone it down a notch, we’d hit up – Now some hotspots I’d recommend are: Chef Creole (the original location on 54th street), Tomorrowland, BurgerFi, Lime, Havana Harrys, The Lickin’ (the original location on 27th avenue), Sundays Eatery, Jimmy’s Eastside Diner, Miami Squeeze, Versailles, Yardie Spice, Bodega Taqueria Hangout – There are so many options but each day of the week, we’d choose a different place to catch a vibe at like The WHARF, The Citadel, Uncut Miami, The Deck Wynwood, Tootsies, The Office Things To Do – Everglades, Bayside Marketplace, Jet Boat (speedboat), Celebrity Home Tours, Jet Skiing in Sunny Isles, Vizcaya Museum, Venetian Pool, Haulover Sandbar
Who else deserves some credit and recognition?
This is tough! There are so many people that help you navigate your journey to success and it’s a culmination of successes from different areas of life. I would dedicate my shoutout to my little brother who supported me through EVERY idea, vision, goal that I had for myself. He gave me a piece of advice when I was college when I was struggling to see the finish line and it has stuck with me ever since. He said “whatever you do in life, give it 100% and if it doesn’t work out, then you know that it wasn’t meant for you to pursue that but the lesson in the journey was for you for sure. You can find peace in knowing that you gave your all because if you gave anything less than, you would never know if your lack of effort is why you missed out. So keep your head up, give your all, do your best, and let the chips fall where they may.” I keep those words ingrained in me because it’s the realist, most practical thing anyone has told me and it can be applied to anything — work, school, relationships, etc. So I attribute my successes to him because though he’s not always with me, he words keep me grounded and focused.
Facebook: https://www.facebook.com/lolathemanager-101210851393438/ “LolaTheManager”
Youtube: https://www.youtube.com/channel/UC73sKF8-TwGtT0zpVgXqhug “Lola The Manager”
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