Tan France reacts to a millennial entrepreneur launching a coffee company out of her apartment while living paycheck to paycheck

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

.tanfrance reacts to a millennial entrepreneur launching a coffee company out of her apartment while living paycheck to paycheck. (via CNBCMakeIt)

Potter, who worked at a start-up in Charlotte and was making $38,000 a year as of August 2019, founded a small-batch coffee roasting company,, in June 2018. Currently, she's living in Florida with family and working at a coffee shop in Fort Lauderdale. Her long-term goal is to open her own coffee shop.

That's similar to the mindset France had when he started his fashion brand in his early 20s. If you're self-funding your business, you probably shouldn't be paying yourself "for quite some time," he says. "I waited three years to start paying myself. I had a job on the side that paid for my cost of living, but as far as my business was concerned, every penny that I earned went back into the business. … That's, in my opinion, how you build a sustainable business.

France also reacts to Potter's spending habits. While living in Charlotte, she spent about $100 a month on her conditioning gym membership, which France is fine with: "When I was a business owner, there was so much stress every moment of every day and going to the gym just for that hour was a great distraction. ... It's great for your mental health."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

tanfrance MakeIt

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines