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W W W. M A I N E B I Z . B I Z 27 A U G U S T 5 , 2 0 2 4 MB: What's been the most chal- lenging part of starting your own business? GMP: e hardest part was aligning my passion with reality. Initially, I had quite a different vision for what I wanted to create. I wanted to develop my own easy-to-prepare lobster prod- ucts. However, after understanding the complexity and costs involved, I realized it was a major undertaking beyond my comfort level. I had to pivot and approach my business plan differently, considering the limited resources of a small business. MB: In running Belle Cove LLC, what's a typical day or week like for you? GMP: Like many other entrepreneurs, I hold more than one job. Because all of my customers are overseas, it enables me to maintain my day job at CEI Women's Business Center, while I run Belle Cove at hours when the other side of the world wakes up. It involves mostly WhatsApp communications with customers overseas. MB: Who are your clients at the CEI Women's Business Center? GMP: We offer programming across the state and assist entrepreneurs in varying industries and stages of business development. Much of my work focuses on serving women of diverse ethnic and racial backgrounds. Last year we worked with 1,557 entrepreneurs statewide. Over 53% of the women we assist come from underserved or under-represented communities. MB: What sparked the idea for cre- ating the BIPOC Women's Business Navigator? GMP: In Maine, the proportion of businesses owned by women of color lags behind the state's growing diver- sity. Recognizing this gap, we saw a need to support early-stage BIPOC female entrepreneurs in solidifying their business ideas. e Navigator program helps them assess the essen- tial elements of creating a business — from product development and financing to branding and marketing. is program provides a safe and sup- portive environment to build confi- dence as these entrepreneurs navigate the steps to start a business. MB: Two cohorts in, how do you measure success? GMP: Success is generally defined by whether a business gets off the ground or by its sales growth. However, I believe true success also lies in the confidence gained by knowing, as an under-represented individual, a woman has the option to build her own business, achieve financial inde- pendence and work on her own terms. Along the way, building professional connections and feeling a sense of belonging in a supportive community is invaluable. MB: What have you learned from the women in the program? GMP: I have had the privilege of meet- ing many women with impressive life experiences and a determination to excel. Despite facing barriers that may slow their ambitions, their resilience has truly inspired me. MB: What's next for the program? GMP: We are excited to bring the Navigator program to Lewiston this fall. ere's a strong demand in that area, and I believe this program will comple- ment the existing programs available. We will also continue the in-person cohort in Portland next spring. MB: And for Belle Cove LLC? GMP: Belle Cove will continue to strengthen relationships with custom- ers overseas and partners domestically. In the longer term, I hope to introduce more innovative food products from Maine to other parts of the world. Renee Cordes, Mainebiz senior writer, can be reached at rcordes @ mainebiz.biz We proudly support women-owned businesses in Maine Securities offered through LPL Financial, Member FINRA/SIPC Let's start a conversation... 207-873-2200 www.goldenpondwealth.com I have had the privilege of meeting many women with impressive life experiences and a determination to excel. Despite facing barriers that may slow their ambitions, their resilience has truly inspired me. — Grace Mo-Phillips

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