What motivates you to get out of bed every morning? What drives you to keep going when you just want to cry and hide under your desk? What satisfies your hunger? That’s what I asked Papillon Bakery’s CEO, Ella Madatyan. Her responses showed some really fascinating and useful advice for all working women. Ella already has five sites for her company and is set to launch a clothing line to help her start a domestic abuse non-profit. She is 37 years old and expects to have it ready for launch on her 40th birthday.
How to Start?
According to Ella, identifying your objectives, paying off debt, acquiring health insurance, and conserving money are all steps toward becoming financially independent. Then consider additional sources of income, such as market and property investments. Last but not least, get advice from a financial counselor for further information on how to become financially self-sufficient. Ella has been in the business since 2008 and has appeared on Fox News and KTLA 5 on several occasions (on Burrous Bites). Ella took over a faltering bakery and expanded it to five locations. She took traditional Armenian cuisine and gave it a contemporary makeover. Ella was able to share photos of all her new dishes thanks to Instagram, and it was a huge success. Many others tried her meal, and many celebrities, like Kim Kardashian, shared it on social media. Assemblywoman Adrin Nazarian also presented her with a certificate of appreciation (46th division). Her ambition is to open two additional bakeries before the end of the year.
Having the Right Mindset
Successful businesswomen, according to Ella, have realized that being successful isn’t easy; it’s frequently difficult, terrifying, infuriating, and lonely. They also understand that these emotions and experiences are a natural part of the developing process and have learned to accept the unpleasant. She goes on to explain that you should be intellectually varied, which means you should be able to read people well, relate to and welcome individuals of all sorts, and know how to cooperate with people who have different perspectives, experiences, beliefs, and political views. Ella was born in Armenia and migrated to the United States when she was four years old. She watched her father start from the ground up, opening business after business. Ella began working for him and developed a keen interest in how each company operated. She enrolled in marketing school but halfway through her father asked her to help out with one of his enterprises, the bakery she now runs. She then married, had three children, and divorced in front of the world. She is currently parenting her three children while also managing the five bakeries. She goes on to add that you should be able to concentrate on issues and achieve goals without being distracted by emotionally charged arguments.
Having the Finances Under Control
One of the most important benefits of being financially independent is that you may confidently live the life you want. You’re also covered in the event of an emergency, such as a divorce or the death of your husband. “I like working.” “Right now, what pushes me the most are the comments I receive on Instagram,” Ella stated. “It doesn’t matter what work I’m doing; I adore giving it my best.” She said, “I get a lot of calls from women who are stuck in toxic situations and don’t know how to get out of them.” Ella talks about her marriage, which lasted around eight years. She stated she had the financial means and familial support to travel, but it took her this long. So all she wants to do now is go back into a position where she can help others get out of dangerous circumstances. She believes there must be a reason for everything she’s been through. Don’t let money problems get the best of you, she advises. Instead, make it something you can be proud of since it’s something you can manage.
Following the Right Track
Ella remarks that today’s women in business and industry are experts at spotting and exploiting opportunities, analysing risks, and taking risks. They also understand that shipping [the process of starting, finishing, and iterating on things] is the way to success. Many intelligent, high-potential women suffer as a result of their inaction while waiting for an invitation. Ella’s bakeries fared well during COVID, with the exception of OG WINGZ, which did not survive. Two of the locations were on Los Angeles’ Hollywood Boulevard. She stated that once the clubs closed and guests stopped visiting the United States, Hollywood became a ghost town and that there was nothing she could do about it. Because the rent was too high and the ceiling was touching the sky, she had to take a loss on that one. Ella, on the other hand, sees it as a necessary part of her education and does not appear disheartened.