Monica Bourgeau is a business strategist and a recovering corporate workaholic. She works with corporate women ready to launch a profitable service-based business. They want to do work they love while making a positive impact, but aren’t sure how to get started. She provides them with a step-by-step plan so they feel more confident while replacing their corporate income.
Monica has more than 20 years’ experience in leadership positions, a master’s degree in Management & Organizational Leadership from Warner Pacific College, a bachelor’s degree in Psychology from Colorado State University, and completed an MBA Foundations Program from the University of Montana. She’s a certified coach and completed training through Mayo Clinic’s Stressfree Living program, a science-based program for resiliency and stress management.
She is also a lifelong entrepreneur, starting her first lawnmowing business at age 12. She went on to create her own real estate brokerage, and has done marketing, social media, and healthcare consulting. She now mentors and inspires emerging entrepreneurs through her business New Phase. Monica’s work has been featured on The Huffington Post, Startup Nation, and Elephant Journal and in a college textbook.
1) What exactly is your business and what inspired you?
My business is New Phase, and I’m a business strategist working with corporate women who are ready to launch a profitable, service-based business. My clients want to do work they love while making a positive impact. They just aren’t sure how to get started. I provide them with a step-by-step plan, so they can be confident they’re on the right track while replacing their corporate income.
While I’ve had several businesses, I’ve spent most of my career in the corporate world as a healthcare executive. It left me feeling emotionally drained, discouraged, and uninspired. The corporate environment wasn’t conducive to the flexibility, creativity, and support I craved. I finally realized that the only way I would have those things in my life was to create them myself. I started New Phase to create the business and lifestyle of my dreams, all while helping others do the same.
I was inspired to create New Phase because I knew I was meant to do more than climb the corporate ladder. I wanted to use my experience to help other women identify their unique gifts and apply them successfully in business.
2) What one thing do you do every day to move yourself forward and stay focused? Where do you find your inspiration?
I start the day off with my morning power routine, which includes a journaling process called Morning Pages, followed by a short meditation and some affirmations. I also walk my dogs and do some type of exercise. I wrap it up by drinking a healthy smoothie.
My journaling exercise helps inspire me by getting the clutter out of my head. It opens me up to new ideas. I also like to use Pinterest for creating vision and mood boards, to go for walks in nature, and to interact with other motivated women entrepreneurs.
3) What do you do regularly to take care of yourself?
I make a point to do something fun every day, whether it’s taking my dogs for a walk at the park, coloring, going to yoga, talking to a friend, listening to my favorite music, or reading an enjoyable book.
I’m also a big fan of taking warm baths with Epsom salts, using relaxing essential oils, and getting a regular massage.
4) How do you keep yourself emotionally balanced while you are pushing forward?
The journaling exercise and meditation help, but I also make it a priority to schedule some down time. When I overschedule myself, it’s easy to get overwhelmed and feel out of control of my life and my emotions. I make sure I have down time between meetings, during my week, and on the weekend. This is especially important to me as an introvert. Recharging my own batteries allows me to be fully present with my clients and colleagues, and I feel more intentional about my life.
5) What’s the best part and the worst part of your job?
The best part of my job is the incredible feeling I get working with women entrepreneurs and helping them start a successful business. I love the excitement and creativity that comes from this powerful process. I also love seeing someone with amazing potential take actions that I know are going to make a positive impact on the world. I get very invested in the success of my clients. I give them my full attention and the resources to help make their dream a reality.
The worst part of my job is sometimes feeling isolated. As a solopreneur, it can be easy to get “stuck in your head” when you’re working on something and don’t have anyone around to bounce ideas off of. I’ve overcome that by creating a supportive mastermind group made up of other women entrepreneurs who are also growing their businesses. We meet online every week, and it’s really been an amazingly helpful experience.
6) What failure taught you the most and what was it?
I launched my first coaching business in 2011 but it didn’t ever take off. I wasn’t clear about who I wanted to serve or the results I was trying to get. The business became more of a hobby, but it was a great learning experience. I also developed connections through the process that really helped me grow personally and as a businesswoman.
That first try taught me a lot about the importance of clarity – knowing exactly who you are, who you serve, and the value and results you provide. I use those lessons every day to help my clients gain the clarity they need to succeed.
7) If you had to do something different, what would that be?
If I had to something differently, I would’ve started my current business sooner. I let fear hold me back for a long time, and I had some self-limiting beliefs. For example, I thought I could only earn a good income in the corporate world. I could have avoided a lot of stress and unhappiness if I’d left my corporate career sooner. While it was difficult, I also learned a lot. I’m now able to use that knowledge to help others!
8) If you had advice to give to someone else who was thinking of becoming an entrepreneur, what would that be?
If you’re thinking of becoming an entrepreneur, I would encourage you to go for it, but first spend the time to create a strong foundation before actually launching your business. A strong foundation includes clarity about who you are, who you serve, what value and results you provide, and how you’re different than your competitors. You don’t want to overanalyze or procrastinate, but this is an important step in the process. It doesn’t take as long as you think, especially if you have a good mentor to guide you through it. Once you have a good foundation, you can build anything!
9) What did you have to overcome personally to be able to do what you do?
I had to move past fear more than once – fear of failing in business, fear of going back to the corporate world, and fear of not being good enough. I’ve come a long way, but as an entrepreneur, fear still comes up. And that’s a good thing! It means I’m pushing myself beyond my current limitations and expanding my horizons. As Jack Canfield says, “Everything you want is on the other side of fear.”
I also had to release my self-limiting beliefs around money. I had deep beliefs that I had to work extremely hard to earn money, that I didn’t have time for self-care and fulfilling relationships, and that I could only earn money in the corporate world. Those beliefs caused me to take jobs that made me miserable and kept me from creating a successful business. Self-limiting beliefs aren’t always obvious either. Once I identified them and knew they were there, it was easier to overcome and change them.
10) Any last parting words?
I’d love it if anyone wants to get in touch, or just check out what I do. The best way to do that is to visit YourNewPhase.com I offer a free 30-minute Business Breakthrough Session. Thanks so much!