How Kristen Butler Went From Bankrupt Business to 50MM Followers

In the latest episode of "Keep What You Earn," host Shannon had a profound discussion with Kristen Butler, a best-selling author and CEO of Power of Positivity. This conversation revealed not just the transformative journey Kristen embarked on after facing tremendous setbacks, but also shed light on the pivotal role positivity played in reshaping her life and business paradigm.

### From Rock Bottom to a Global Community of 50 Million

Kristen shared her compelling story about losing a highly successful eBay business overnight. This venture was her prime source of income and her identity. The sudden closure of her eBay store due to operational issues was devastating. This event catapulted her into what she described as a rock bottom phase—both financially and emotionally. However, the loss became a catalyst for introspection and reinvention.

One profound takeaway from Kristen’s journey is her emphasis on the immense power of gratitude. This attitude allowed her to slowly emerge from despair. She pointed out that initially focusing on the smallest positives—like having a bed to sleep in—helped her gradually shift toward a more optimistic and proactive mindset. This was the beginning of her rebuilding process, one small, positive thought at a time.

### The Pillars of Positivity

Kristen didn’t just stop at acknowledging the need for positivity; she actively integrated it into her lifestyle. She identified gratitude, healthy eating, physical activity, and adequate sleep as the core pillars that underpinned her recovery and ongoing success. By adopting these habits, she gradually noticed improvements in her health and overall outlook on life. These changes didn't just enhance her personal well-being; they laid the groundwork for her future entrepreneurial endeavors.

For Kristen, positivity extended beyond mere thoughts. It transcended into actionable habits that nurtured her body and soul. These practices led her to establish Power of Positivity, turning her passion for personal development into a thriving brand that now impacts millions worldwide.

### Diversifying Income and Redefining Success

A pivotal moment was when Kristen realized the importance of diversifying income streams. This was a fundamental shift from her previous business model where everything hinged on one platform. The failure of her eBay business underscored the vulnerability of relying on a single source of income. In rebuilding, she not only diversified her income but also recalibrated her lifestyle to live within, and even below, her means to build a financial safety net.

One profound insight that resonated through the conversation was the realization that true abundance is a mindset. Kristen emphasized that feeling wealthy isn't necessarily about having a vast amount of money but about managing it wisely and experiencing the freedom and security that comes from wise financial stewardship.

### Overcoming the Ego to Embrace Change

Kristen's story is also a lesson in humility and resilience. Shannon aptly noted during the discussion that "ego is your biggest overhead." Business owners often grapple with maintaining appearances or lifestyle, even when it's unsustainable. Kristen's willingness to downsize and make tough choices illustrates the strength it takes to genuinely rebuild and often, to start anew on a firmer, more thoughtful foundation.

### Lessons for Entrepreneurs

For entrepreneurs, Kristen’s narrative offers several valuable lessons. Firstly, setbacks can be a source of powerful insights and catalysts for growth. Secondly, integrating a positive mindset and healthy habits can significantly influence both personal well-being and business success. Lastly, diversifying income and living within one's means are crucial strategies for long-term financial health.

Kristen's journey from a bankrupt business to leading a global community underscores the transformative power of positivity not just in thought, but importantly, in action. As our listeners reflect on their own entrepreneurial paths, it's clear that adopting a similar framework of positivity can lead to not just recovering from setbacks but thriving beyond them.

Remember, every downfall has the potential to pave the way for a greater rise. Just like Kristen, any entrepreneur can turn their lowest points into foundational moments for success.

Kristen Butler is a bestselling author and the CEO of Power of Positivity, a community with over 50 MM followers globally. Kristen was awarded SUCCESS Magazine's Emerging Entrepreneur in 2022. She is a leader, writer, and visionary in personal development with a huge heart and captivating authenticity. Her mission is to uplift the planet! Kristen passionately started Power of Positivity in 2009

Website: powerofpositivity.com
Current Offers: https://positivekristen.com/offerings/
Instagram: https://www.instagram.com/powerofpositivity/
YouTube: https://www.youtube.com/channel/UCC4pMlNP2qkj1sLnaDdSwQw

What you'll hear in this episode:

04:45 Recognize difficulties, open doors, embrace positivity.
09:34 Positive mindset led to action and growth.
12:39 Balancing work and joy for better productivity.
15:56 Diversify income, pursue passion, self-discovery lessons learned.
18:15 Fear of failure and lack of control.
20:07 Downsizing led to understanding abundance and adaptability.

If you like this episode, check out:

How Can You Shake Off Business Boredom and Thrive?

Stop Shrinking Yourself in the Name of Saving

Maximize Your Income with the Help of a CFO

Want to learn more so you can earn more?

5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.