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I was a single mum with £4 to my name & made a side hustle into an £8m business

19 June 2024 , 08:49
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Scroll down to learn some tips on starting your own business
Scroll down to learn some tips on starting your own business

A SINGLE mum of six has revealed how she went from only having £4 in her bank account, to owning a multi-million dollar business.

Mignon Francois started her business in 2008 during a recession, during which time she couldn't afford to turn on the electricity or to bathe her children.

Mignon had just £4 to her name when she started her business eiqrrihhixkprw
Mignon had just £4 to her name when she started her businessCredit: YouTube/UpFlip
She started selling cakes after hearing on the radio it's a good way to get out of debt
She started selling cakes after hearing on the radio it's a good way to get out of debtCredit: YouTube/UpFlip
She now runs an £8 million business
She now runs an £8 million businessCredit: YouTube/UpFlip

Speaking UpFlip she said: "I was so tired of being sick and tired and I heard the man on the radio say that you could get out of debt by having a bake sale or a garage sale".

Desperate to make some cash to feed her hungry children, Mignon used her last £4 to buy ingredients to make cake.

She had never baked before but started practicing and handing out cakes to her neighbours.

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One day a neighbour asked her to bake cakes for all of her work clients, and said that she would pay Mignon as she baked.

By the end of the week, she had managed to turn her £4 into over £470.

"I've been flipping that same money for the last 17 years to the tune of $10 million", She said.

Mignon's business, the cupcake collection has now sold over five million cakes.

She said: "We've done that with no debt, no experience, no loans.

"I believe that all you have is all you need to get you from where you are to wear you want to be".

At first, she ran the business out of her home, and then as the Cupcake Collection became more fruitful, she was able to buy a shop to sell her cakes from.

She was then able to hire a whole host of staff, to help her with all aspects of the business.

Mignon, from Nashville, Tennessee said that a "game changer" in her business journey was to sell her cupcakes out and about in a cupcake bus.

The bus was the first of it's kind in her area, and helped her to stand out from other business.

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Sharing advice to people who are thinking of starting their own business, but don't have cash to spend on marketing, she said that word of mouth is "worth it's weight in gold".

She said that when she first started her business, she would walk up to complete strangers and ask them to try her cakes, and then spread the word to her friends and family.

Mignon, who is a former journalist has now written a memoir, titled Made From Scratch, to share her story and to inspire others to start their own businesses.

"When people see what my business has turned into, from a girl who didn't know how to bake, I hope that encourages somebody to know they can do it to".

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Olivia Stringer

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